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  • $592,500

    5319 S Ellis Ave, Chicago, IL 60615

    6beds
    --sqft
    Multi Family
    Built in 1912
    -- sqft lot
    $740,500 Zestimate®
    $--/sqft
    $2,804 Estimated rent

    Home value

    $740,500

    $681,000 - $807,000

    $2,804/mo

    Zestimate® history
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    $4,167/mo

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    $4,167/mo

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    What's special

    Attention investors and house hackers!!! Welcome to 5319 S. Ellis Ave., a remarkable multi-family building in the heart of Hyde Park. This elegant brick walk- up exudes timeless charm, showcasing classic historic Chicago architecture while boasting excellent income. The property has two spacious 3-bedroom | 2-bathroom units and a bonus non-conforming garden unit with 2 bedrooms and 1 bathroom. Meticulously cared for, this building has undergone regular maintenance and updates since its 2009 renovation. Each apartment offers an irresistible blend of desirable features, including open floor plans, generous square footage, ample bedroom space, and abundant natural light. The units have been thoughtfully enhanced with updated kitchens and the convenience of in-unit laundry. Owner expenses are minimized through individual and separate utilities. 5319 S. Ellis Avenue presents a remarkable investment opportunity for those seeking to acquire a property in the highly sought-after Hyde Park neighborhood, one of Chicago's most dynamic and rapidly developing areas. With this investment, a new owner can capitalize on the potential to add value without incurring the substantial costs associated with a full-scale construction renovation. By adjusting rental rates to match those already achieved within the building, the incoming owner can further enhance its income potential. Live in one unit and let the rest of the building pay your mortgage or add to your portfolio for a long term hold. This unique offering allows for the acquisition of a stable investment with upside in an excellent location, ensuring a solid cash-on- cash return for years to come.

    Zillow last checked:

    Listing updated:

    Listing courtesy of:

    Harrison Cohen 847-624-6639,

    Triton Realty Group LLC,

    James Thompson,

    Triton Realty Group LLC

    Bought with:

    Chris Katsulis

    Baird & Warner

    Frank Ferro

    Baird & Warner

    Source: MRED as distributed by MLS GRID,MLS#: 11821387MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    • Full bathrooms: 5
    Heating
    • Forced Air, Indv Controls
    Features
    • Basement: Partially Finished,Full

    Property

    Parking
    • Total spaces: 2
    • Parking features: On Site, Garage Owned, Detached, Garage
    • Garage spaces: 2
    Lot
    • Size: 4,100 sqft
    • Dimensions: 25 X 164
    Details
    • Parcel number: 20113170040000
    • Zoning: MULTI
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    Condition
    • New construction: No
    • Year built: 1912
    • Major remodel year: 2009

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Lake Michigan, Public

    Community & neighborhood

    Location
    • Region: Chicago

    Other

    Other facts
    • Listing terms: Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    11/15/2023Sold$592,500-0.4%
    Source: MRED as distributed by MLS GRID #11821387 Report a problem
    9/28/2023Contingent$595,000
    Source: MRED as distributed by MLS GRID #11821387 Report a problem
    9/28/2023Listed for sale$595,000
    Source: MRED as distributed by MLS GRID #11821387 Report a problem
    9/21/2023Listing removed--
    Source: MRED as distributed by MLS GRID #11821387 Report a problem
    9/21/2023Price change$595,000-25.5%
    Source: MRED as distributed by MLS GRID #11821387 Report a problem
    9/6/2023Listed for sale$799,000
    Source: MRED as distributed by MLS GRID #11821387 Report a problem
    7/10/2023Contingent$799,000
    Source: MRED as distributed by MLS GRID #11821387 Report a problem
    7/1/2023Listed for sale$799,000+157.7%
    Source: MRED as distributed by MLS GRID #11821387 Report a problem
    9/29/2009Sold$310,000-4.6%
    Source: MRED as distributed by MLS GRID #06960462 Report a problem
    5/30/2009Listing removed$325,000
    Source: Homes.com #06960462 Report a problem
    3/22/2009Price change$325,000-16.7%
    Source: Homes.com #06960462 Report a problem
    1/18/2009Price change$390,000-2.5%
    Source: Homes.com #06960462 Report a problem
    12/5/2008Listed for sale$400,000
    Source: Homes.com #06960462 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024-- $66,000 +24.5%
    2023$11,222 +2.9%$53,000
    2022$10,901 +2.3%$53,000
    2021$10,658 +10.8%$53,000 +22.8%
    2020$9,619 -0.2%$43,177 -10%
    2019$9,639 +1.7%$47,975
    2018$9,477 -4.3%$47,975 +4.3%
    2017$9,899 +7.5%$45,985
    2016$9,210 +9.3%$45,985
    2015$8,427 +13%$45,985 +14.4%
    2014$7,457 0%$40,190 -2%
    2013$7,460 +1.4%$41,015
    2012$7,360 -4.4%$41,015 -13.7%
    2011$7,699 -0.4%$47,510
    2010$7,731 +4.4%$47,510
    2009$7,408 +17.9%$47,510 -8.4%
    2008$6,281 +6.6%$51,846
    2007$5,890 +14.7%$51,846
    2006$5,136 +18%$51,846 +47.9%
    2005$4,354 +3%$35,064
    2004$4,227 +3.1%$35,064
    2003$4,101 +13.9%$35,064 +53.3%
    2002$3,601 +5.4%$22,877
    2001$3,416 -8.2%$22,877
    2000$3,721 +0%$22,877 +1.8%
    1999$3,721 $22,480

    Find assessor info on the county website

    Neighborhood: Hyde Park

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: 299

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $740,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $740,500