Welcome to 7948 South Hermitage Avenue, a building located in Gresham, South Side, Chicago in Chicago, IL.
As a quick overview, these are the most up-to-date information we've collected about the property.
The building itself was built in 1926.
There are a total of 2 floors.
Finally, 7948 South Hermitage Avenue was most recently sold on Dec 1, 2022 for $2,192,500.
The market value for the land that the building sits on has been listed at $67,500.
In addition, improvements upon the building have an added value of $379,250.
In total, the total market value of the property as a whole is $446,750.
According to local assessors, the total value of the building is currently valued at $44,675.
Specifically, the value of the land that the property sits on has been assessed at $6,750.
The building was last assessed in 2023.
Here's what we know about the features and amenities in this building.
While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead.
We are not sure what system the building uses for cooling.
Sadly, informaton related to the heating system was not disclosed.
There is no porch or patio on the premise of the property.
For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool.
The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
More About The Building
Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition.
The building class code for 7948 South Hermitage Avenue is unknown but given the importance of this information, we will work to update this data as soon as possible.
Interested in learning more about the neighborhood that the property is located in?
Buildings in the Gresham area have a median price of $1,650.
Those in the 25th percentile, have a price around $1,338.
While those in the 75th percentile, have a price around $1,863.
Typically, the buildings in this area have a median sqft of 1,100.
That means that the median price per sqft is around $1.
In other words, the price per sqft for buildings in the 25th percentile is $1.
While the price per sqft for buildings in the 75th percentile is $2.
As a breakdown, we've included the following stats:
- There are currently no studio listings being advertised in the area.
- There are currently no one bedroom listings being advertised in the area.
- There are currently a total of 5 two bedroom listings.
The median price for these types of listings is $1,350.
That's $1.39 price per sqft.
- There are currently a total of 2 three bedroom listings.
The median price for these types of listings is $1,725.
That's $1.45 price per sqft.
- There is currently a single advertised four bedroom listing.
About The Area
7948 South Hermitage Avenue is located in 60620.
There are 69,299 people living here.
There are 25,623 households.
Most of these households have an average family size of 3.5 people.
According to the census, 54% are currently renting while 46% own their homes.
The median age of this population is around 39.6 years old.
On average, most folks in the zipcode are unmarried.
About 3% of folks speak a language other than English in this area.
The area's employment rate is currently around 43.8%.
Speaking of employment, the median income is $32,401.
Most folks will commute by car for around 40.4 minutes.
Finally, we know that 31% of residents in the area have graduated with their high school degree.
Additionally, 10% and 6% have their Bachelor's and Master's degree, respectfully.
Moving on to the county level.
Cook County, Illinois has a population of 5,227,575 people.
Based on census records, there are 1,951,606 registered households.
Families in this area are on average made up of 3.43 people per household.
Most folks are unmarried.
They are also typically around 36.1 years old.
Does diversity matter to you? Right now, 35% of folks speak a language other than English here.
About 43% rent while 57% purchased their homes.
Right now, the community is made up of 24% of residents who have graduated with at least a high school degree.
On top of that, 22% have a Bachelor's degree and 15% have a Master's degree.
The employment rate is currently around 59.7%.
Those employed, have a median income of $56,902.
If you move here, you can expect to commute mostly by car for around 32.6 minutes.
Finally, let's take a look at the stats related to Chicago, IL - IN Urban Area.
The urban area is home to 8,672,319 people.
A total of 3,153,810 households are registered here.
With average family sizes being listed at 3.4 people.
About 24% of residents have graduated with a high school degree.
Of the rest, 22% have their Bachelor's and 14% have their Master's degree.
Folks speaking a language other than English, make up about 30% of the population.
Looking to move to this urban area? You'll need to look forward to commuting by car for around 31.5 minutes.
Speaking of your commute, 61.2% of people in this area are employed.
The recorded median income is currently at $63,064 per year.
The median population age has been listed at 36.6 years old.
Interestingly enough, unmarried people make up the majority of the population.
Last but not least, renters make up about 37% of the population while homeowners are at about 63% of the population.
PUBLIC TRANSIT
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