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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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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Robert Sikkel • @properties Christie's International Real Estate
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Greg Cirone
Managing Broker | License ID: 471003959
Managing Broker License ID: 471003959