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4559 S Hermitage Ave, Chicago, IL, 60609

4559 S Hermitage Ave

$1,210,000

Key Information

Cap Rate
7.81%
Lot Size
0.97 Acres
Units
11
Year Built
1898
Type
Apartments
NOI
$94,524

Highlights

• One of only twelve apartment buildings containing 10–20 units within the immediate neighborhood, offering a scarce investment opportunity in a market with limited comparable inventory.
• Majority 2-bedroom apartments, complemented by one 3-bedroom / 2-bath unit and one studio unit.
• Diverse unit mix supports consistent rental demand across multiple tenant profiles.
• Tenants already pay their own gas and electric.
• By the end of August, tenants will be responsible for approximately 90% of the property’s water and trash expenses, significantly reducing operating expenses and improving cash flow.
• Prominent corner location offering excellent visibility, curb appeal, and long-term tenant appeal.

Photos

Location

Agents

Broker of Record

Matthew M. Fitzgerald

License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661