Price
$ 849,000

2223 North Hoyne Avenue, Chicago, IL 60647  
  • 6 beds
  • 5 baths

2223 North Hoyne Avenue, Chicago, IL 60647  

8% cap rate. Prime Bucktown location on Hoyne near Webster. Zoning is RT-4. Lot size is 25 x 126. All 4 units are currently rented and occupied. Arm chair investment or live in and subsidize your mortgage while enjoying appreciation in an appreciating market. Gross rental income $73,200. Gross expenses= $5,000. NOI =$68,200. Cap Rate is NOI divided by Purchase price $68,200/$849,000 = 8% cap rate. After property tax, cap rate is 6.8%. The 3 bedroom unit is a duplex up with central heat, central air, laundry in the unit & a dishwasher. The other units are all 1 bed 1 bath with central heat only. Never vacant, easy to rent units in a great location!

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Listing Type
Multi-Family
Listing ID
09400131
Bedrooms
6
Bathrooms
5
Lot Size
3,049.00 sqft
Listing Status
Active
Year Built
1885
County
Cook
Units
4
Rooms
14.0
County School District
Elem:299/Midl:299/High:299
School District 1
299
School District 2
299
School District 3
299
Zoning
MULTI
Taxes
9814.82
TaxID
14311160080000
TaxYear
2015
Listing courtesy of Coldwell Banker Residential
Houses for Sale Nearby
    Listing Information Provided By:
    RE/MAX Northern Illinois
    2205 Point Boulevard Suite 100 Elgin, IL 60123 | Phone: (847) 428-4200
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.