Chicago, IL 60622,846 N Hoyne Avenue
Chicago, IL 60622,846 N Hoyne Avenue
Chicago, IL 60622,846 N Hoyne Avenue
10
$1,615,000
$1,699,900
5.0%
Est.Price: ?

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846 N Hoyne Avenue Chicago, IL 60622

Est. payment /mo
SOLD DATE : 01/31/2024

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Key Details

Sold Price $1,615,000

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 11811517

Sold Date 01/31/24

Year Built 1912

Annual Tax Amount $10,388

Tax Year 2021

Lot Dimensions 28X103

Property Description

846 North Hoyne Avenue is a six (6)-unit multifamily building located in Chicago's Ukrainian Village. This vintage brick walk-up has five renovated units and contains an excellent unit mix, featuring six (6) 2 bed | 1 bath apartments. This property has been renovated by a reputable builder in the area to exceed today's standards and expectations. All six apartments showcase desirable floor plans with in-unit laundry and outdoor balconies. There is ample living space and plenty of natural light. Five of the six units have been gut rehabbed throughout 2022 with stunning new kitchens with quartz counters, high-end bathroom design, and floors. The utilities are separately metered for heat, electric and cooking gas. The building has 6 newer furnaces, A/C units and water heaters, plus a full basement for storage. Further building improvements that have been done include a new roof within the last 5 years, brand new Pella windows throughout, new gutters and an abundance of masonry and tuck-pointing work. 846 N. Hoyne Avenue presents an incredible investment opportunity to acquire a value-add property in one of Chicago's most desirable neighborhoods, Ukrainian Village. An investor has the prospect of adding value through significant rent increases as most were rented through construction during off-season. A buyer has a great opportunity to acquire an investment with huge upside potential in an appreciating location.

Location

State IL

County Cook

Zoning MULTI

Interior

Cooling Central Air

Fireplace N

Exterior

View Y/N true

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Listed by Nico Krajecki • Triton Realty Group LLC
Bought with Robert Sikkel • @properties Christie's International Real Estate

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Kari Kohler

Broker | FA.475.129019

+1(630) 673-4586

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