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846 N Hoyne Avenue, Chicago, IL 60622
$1,615,000
846 N Hoyne Avenue, Chicago, IL 60622View this property at 846 N Hoyne Avenue, Chicago, IL 60622
846 N Hoyne AvenueChicagoIL60622
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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.
Full Property Details
Full Property Details for 846 N Hoyne Ave
General
- Sold For: $1,615,000
- Taxes: $10,388 (2021)
- Status: Closed
- Type: Commercial
- MLS ID: 11811517
- Added to Site: 335 day(s) ago
Location
- Area: CHI - West Town
- County: Cook
- Driving Directions: N/S on Western E on Chicago N on Hoyne to 846
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls
Structural Information
- Exterior Const.: Brick
- Stories/Levels: 3
- Current Bldg. Use: Multi-Family
- Year Built: 1912
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 28 x 103
- Frontage: City Street
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $27,939
- Assessment Year: 1912
- Tax Amount: $10,388.7
- Tax Year: 2021
- Tenant Pays: Air Conditioning, Electricity, Heat
Disclosures and Reports
- Property ID: 17063260270000
Listed by Triton Realty Group LLC
Sold by @properties Christie's International Real Estate
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Schools
Schools serving 846 N Hoyne Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1003 N Leavitt St, Chicago, IL 60622 | PK-8 | 0.2 mi | |
1147 N Western Ave, Chicago, IL 60622 | 9-12 | 0.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 846 N Hoyne Ave
Date
Details
Price
Change
Source
1/31/2024
Sold
$1,615,000
-4.99%
MLS
6/19/2023
Listed
$1,699,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
846 N Hoyne Avenue, Chicago, IL 60622 (MLS# 11811517) is a Commercial property that was sold at $1,615,000 on January 31, 2024. Want to learn more about 846 N Hoyne Avenue? Do you have questions about finding other Commercial real estate for sale in West Town? You can browse all West Town real estate or contact a Coldwell Banker agent to request more information.