Brick vintage 4 unit investment opportunity! Ideally located, this building is classic Wicker Park/East Village/West Town, two-and-a-half story with a huge expandable attic, front and back four-unit on a 25x130 lot with a two-car garage. Zoned RT-4. Makes a great income producer as it sits! Potential to greatly increase value if desired. Rent increases, units have rehab upgrade potential, attic ability to duplex top units, or be more creative. Lot size and location ideal for a SFH conversion or new build. Vibrant, high-demand rental area. Public transportation, restaurants, entertainment, shopping all steps away. This property is a rare and exciting opportunity.
Closed
$865,000
862 N Hermitage Ave, Chicago, IL 60622
8beds
--sqft
Multi Family
Built in 1898
-- sqft lot
$1,095,300 Zestimate®
$--/sqft
$3,203 Estimated rent
Home value
$1,095,300
$964,000 - $1.24M
$3,203/mo
Zestimate® history
Owner options
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$3,203/mo
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$3,203/mo
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$6,180/mo
Est. payment
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$6,180/mo
Est. payment
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List your homeWhat's special
Rehab upgrade potentialTwo-car garage
Zillow last checked:
Listing updated:
Listed by:
Bradley Dumes 773-697-5555,
Baird & Warner
Bought with:
Joseph Niego
Double TT Real Estate Inc.
Source: MRED as distributed by MLS GRID,MLS#: 12376677
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Forced Air
Features
- Basement: Crawl Space
Property
Parking
- Total spaces: 2
- Parking features: Garage Door Opener, On Site, Garage Owned, Detached, Garage
- Garage spaces: 2
- Has uncovered spaces: Yes
Lot
- Size: 3,250 Square Feet
- Dimensions: 25X130
Details
- Parcel number: 17064290220000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1898
Utilities & green energy
- Sewer: Public Sewer, Storm Sewer
- Water: Lake Michigan, Public
Community & HOA
Community
- Features: Street Lights, Street Paved
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $800,000
- Annual tax amount: $16,526
- Date on market: 6/25/2025
- Listing terms: Cash
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2025 | Sold | $865,000+1.8% |
Source:  MRED as distributed by MLS GRID #12376677 Report a problem | ||
| 7/3/2025 | Contingent | $849,999 |
Source: MRED as distributed by MLS GRID #12376677 Report a problem | ||
| 6/25/2025 | Listed for sale | $849,999+9.7% |
Source: MRED as distributed by MLS GRID #12376677 Report a problem | ||
| 4/4/2017 | Sold | $775,000 |
Source: MRED as distributed by MLS GRID #09386635 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $16,120 -2.5% | $80,000 +2.4% |
| 2023 | $16,527 +2.9% | $78,095 |
| 2022 | $16,063 +2.3% | $78,095 |
| 2021 | $15,704 +18.2% | $78,095 +30.9% |
| 2020 | $13,288 -10.3% | $59,649 -19.1% |
| 2019 | $14,818 +1.7% | $73,751 |
| 2018 | $14,568 +40.6% | $73,751 +53.2% |
| 2017 | $10,365 +7.5% | $48,149 |
| 2016 | $9,644 +1.4% | $48,149 -7.2% |
| 2015 | $9,513 +24.6% | $51,912 +26.1% |
| 2014 | $7,636 +2% | $41,158 |
| 2013 | $7,486 -9.7% | $41,158 -10.9% |
| 2012 | $8,293 0% | $46,216 -9.7% |
| 2011 | $8,297 -0.4% | $51,200 |
| 2010 | $8,331 +4.4% | $51,200 |
| 2009 | $7,984 -5.6% | $51,200 -13.2% |
| 2008 | $8,457 +1% | $58,958 |
| 2007 | $8,373 -1.1% | $58,958 |
| 2006 | $8,464 +50% | $58,958 +70.7% |
| 2005 | $5,642 +1% | $34,529 |
| 2004 | $5,585 +2.2% | $34,529 |
| 2003 | $5,464 +26% | $34,529 +43.1% |
| 2002 | $4,336 +3.8% | $24,135 |
| 2001 | $4,179 +32.6% | $24,135 |
| 2000 | $3,153 -0.7% | $24,135 +47% |
| 1999 | $3,174 | $16,413 |
Find assessor info on the county website
Neighborhood: East Ukrainian Village
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Nearby schools
GreatSchools rating
- 3/10Talcott Elementary SchoolGrades: PK-8Distance: 0.4 mi
- 1/10Wells Community Academy High SchoolGrades: 9-12Distance: 0.2 mi
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
$1,095,300
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
$1,095,300
- Illinois
- Cook County
- Chicago
- 60622
- East Ukrainian Village
- 862 N Hermitage Ave
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