Investment Overview

PROPERTY OVERVIEW 822 North Hermitage Avenue is a boutique multifamily asset located in the heart of Chicago’s desirable West Town / Noble Square submarket. Situated on a quiet residential block just west of Ashland Avenue, the property benefits from proximity to the Chicago Avenue and Division Street retail corridors while maintaining a neighborhood streetscape feel. The area is characterized by strong renter demand, rising household incomes, and limited opportunities for new small-scale multifamily development. The property offers convenient access to public transportation via the CTA Blue Line at Chicago and Division stations, along with nearby bus routes providing efficient connectivity to downtown and major employment centers. The surrounding neighborhood features a dense mix of restaurants, cafes, and neighborhood-serving retail, creating a highly walkable urban environment. UNIT MIX FIVE UNITS: 2 BEDROOM / 1 BATHROOM ONE UNIT: 4 BEDROOM / 2.5 BATHROOM TOTAL: SIX RESIDENTIAL UNITS INVESTMENT RATIONALE 822 North Hermitage Avenue provides investors with exposure to one of Chicago’s most supply-constrained and lifestyle-driven neighborhoods. The combination of strong transit access, dense retail infrastructure, and a unit mix that accommodates both standard and larger households supports durable occupancy and long-term rental stability. The property’s infill location within a premier West Side submarket positions it for sustained performance and long-term value appreciation.