Renovated Mixed-Use
For Sale
$534,999
6501 South Hermitage Avenue, Chicago, IL 60636
Multifamily and commercial accommodations combine within a recently updated Chicago property.
Property Size5,535 SF
Price / SF$96.66
Days on Market412
Property Features for 6501 South Hermitage Avenue
General Information
Standard status
Active
Size
5,535 SF
Zoning
MULTI
Net Operating Income
$79,573
Units
Unit Mix
3 x 3BR/2BA, 2 x 2BR/1BA
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$1,687
Building Details
Year Built
1911
Year Renovated
2021
Buildings
1
Stories
3
Listing Agency:
Baird & Warner
(773) 354-5008
Listed By:
Brandy Bell · License #475190280
(773) 354-5008
Source:
Compass
Added: Jul 16, 2025
Changed: Aug 31
Last Checked: Aug 31 at 2:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Baird & Warner
Investment Insights
Based on property information with market context.
This mixed-use building in Chicago contains 5,535 square feet and was originally constructed in 1911, with renovation work completed in 2021. The six-unit configuration includes three residential homes with three bedrooms and two bathrooms each, two additional residences with two bedrooms and one bathroom each, plus a commercial studio that includes a full bathroom. One unit is vacant, providing access for showings along with the common areas.
The property is designated MULTI zoning and combines residential occupancy with a commercial component at 6501 South Hermitage Avenue. The existing layout offers a defined blend of apartment and commercial space within a single building.
The property is designated MULTI zoning and combines residential occupancy with a commercial component at 6501 South Hermitage Avenue. The existing layout offers a defined blend of apartment and commercial space within a single building.
Key Highlights
- 6‑unit mixed‑use building with 5,535 SF
- Renovated in 2021; original construction dates to 1911
- Three 3 bed/2 bath residential units
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
Explore this area
Business Placement
Demographics for 60636, IL
34,800
Population
14,363
Households
2.4
Avg Household Size
35
Median Age
11%
College-Educated
78%
High-School Grad
3.9 sq mi
ZIP Area
8,923
Density / Sq Mi
$35,077
Median Household Income
$30,411
Median Earnings
$1,135
Median Rent
$150,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multifamily and commercial accommodations combine within a recently updated Chicago property.
Where is this mixed-use property located?
The property is located at 6501 South Hermitage Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $534,999.
What are key features of this property?
This property features: 6‑unit mixed‑use building with 5,535 SF; Renovated in 2021; original construction dates to 1911; Three 3 bed/2 bath residential units
