6115 N Hermitage Avenue
Chicago, IL 60660

Status: Active
Multi Family
12 beds
0 baths
0 sq.ft
Listing Price: $1,199,500
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About this home

RARE OPPORTUNITY TO ACQUIRE THIS UNIQUE 5-UNIT PROPERTY ON A UNICORN TYPE 37.5' X 162' OVERSIZED LOT ON A QUIET TREE LINED ONE-WAY STREET IN RAPIDLY APPRECIATING EDGEWATER PERFECTLY SUITED FOR LIVE/RENT OR INVESTMENT FEATURING AN ALL BRICK 3-UNIT BUILDING WITH HUGE FLOOR PLANS & SIGNIFICANT NEW UPGRADES + A TREMENDOUS VALUE ADD OPPORTUNITY 2-UNIT REAR FRAME COACH HOUSE JUST WAITING FOR YOUR IDEAS, WITH A HUGE YARD IN BETWEEN! 3-FLAT FEATURES (2) 6-RM 3 BED / 1 BATH UNITS + A 5-RM 2 BED / 1 BATH UNIT ALL W/SEPARATE DINING ROOMS, PRIVATE OUTDOOR SPACE (FRONT AND REAR IN UNITS 2/3), LARGE BEDROOMS & GREAT STORAGE SPACE W/EXTENSIVE UPGRADES INCL CONDO QUALITY S/S/SHAKER KITCHENS W/NEW APPLIANCE PACKAGES W/RANGE HOODS, NEW STONE BATHS, REFINISHED/NEW FLOORING, SOME UPGRADED WINDOWS, NEW LIGHT FIXTURES & A NEWER PORCH; UNFINISHED BASEMENT OFFERS ADDED POTENTIAL OR ADD LAUNDRY ROOM (ROUGHED) AND KEEP AS CURRENTLY CONFIGURED W/HUGE PRIVATE STORAGE CLOSETS; 2-UNIT COACH HOUSE CURRENTLY CONFIGURED AS (2) 2 BED / 1 BATH UNITS W/UNFINISHED ATTIC & BASEMENT JUST WAITING FOR YOUR CREATIVE IDEAS WOULD MAKE FOR AN OPTIMAL OWNER'S UNIT(S) OR HUGE BOOST TO CASH FLOW; GREAT YARD SPACE IN BETWEEN BUILDINGS; CASH FLOW INFORMATION IS BASED ON PROJECTED MARKET RENTS & PROJECTED EXPENSES; ONE OF A KIND OPPORTUNITY!

Property details

Interior Features
Additional Rooms Foyer, Utility Room-Lower Level
Basement Description Unfinished, Exterior Access, Storage Space
Bath Amenities Soaking Tub
Basement Full ,English
Bedrooms Count 12
Bedrooms Possible 12
Baths Count 5
Full Baths in Building Count 5
Total Rooms 25
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 2200
Appliances And Features Stove, Refrigerator, Dishwasher, Window Air Conditioner, Range Hood, Hardwood Floors
Full Baths Total 1
Lease Expiration Date PROJ
Rooms Total 5
Security Deposit NA
Tenant Pays Electric,Gas
Floor Number 1
unit 2
Beds Total 3
Baths Total 1
Actual Rent 2500
Appliances And Features Stove, Refrigerator, Dishwasher, Range Hood, Hardwood Floors
Full Baths Total 1
Lease Expiration Date PROJ
Rooms Total 6
Security Deposit NA
Tenant Pays Electric,Gas
Floor Number 2
unit 3
Beds Total 3
Baths Total 1
Actual Rent 2500
Appliances And Features Stove, Refrigerator, Dishwasher, Central Air Conditioner, Range Hood, Hardwood Floors
Full Baths Total 1
Lease Expiration Date PROJ
Rooms Total 6
Security Deposit NA
Tenant Pays Electric,Gas
Floor Number 3
unit 4
Beds Total 4
Baths Total 2
Actual Rent 3000
Appliances And Features Stove, Refrigerator, Hardwood Floors
Full Baths Total 2
Lease Expiration Date PROJ
Rooms Total 8
Security Deposit NA
Tenant Pays Electric,Gas
Floor Number 1
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1913
Exterior Building Type Brick,Frame
Exterior Property Features Porch, Storms/Screens, Cable Access
Foundation Concrete Perimeter
Parking None
Rehab Year 2023
Roof Type Asphalt ,Rubber
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Curbs, Sidewalks, Street Lights, Street Paved
Area Major CHI - Edgewater
Corporate Limits Chicago
Directions GRANVILLE TO HERMITAGE, SOUTH TO 6115
Elementary School Hayt Elementary School
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Radiator(s), Sep Heating Systems - 2+
High Sch Senn High School
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle School Hayt Elementary School
Jr High/Middle Dist 299
Township Lake View
Property / Lot Details
Lot Dimensions 37.5 X 162
Lot Description Fenced Yard
Lot Size Oversized Chicago Lot
Ownership Fee Simple
Type Unit 3 Flat, Coach House
Number Of Units in Building 4
Property Type Two to Four Units

Financials

ElectricExpense 300
Electric Expense Source Broker Projection
Fuel Expense $3,000
Fuel Expense Source Broker Projection
Gross Rental Income $122,400
Insurance Expense $4,200
Insurance Expense Source Broker Projection
Net Oper Income $97,840
Investment Profile Residential Income
Water Expense $1,500

Tax/Assessments/Liens

PIN 14062160170000
Special Assessments N
Taxes $15,882
Tax Exemptions Homeowner, Senior
Tax Year 2022
$1,199,500 Listing Price:
MLS # 12029126
Investment Profile Residential Income
Listing Market Time 26 days
Basement Full ,English
Type Unit 3 Flat, Coach House
Number of Units in Building 4
Parking None
List Date 04/15/2024
Year Built 1913
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