941 North Hoyne Avenue

Chicago, IL 60622

$1,075,000
Last Sold Price
6
Beds
4
Baths
1
1/2 Bath
5,340 Sq. Ft.
$201 / Sq. Ft.
5,340
Sq. Ft.
$201
per Sq. Ft.

Description

A cash positive investment property - the best of all worlds! You will love the classic style throughout this well-maintained three-unit building with opportunity around every corner. Details like natural light pouring in through big windows and skylights, and exposed brick accents helps keep this classic beauty in line with its time. Recent renovations draw renters to stay long-term. The renovated first floor unit is 2 bed/1.5 bath and boasts a fireplace, high ceilings, in-unit laundry and an enclosed...A cash positive investment property - the best of all worlds! You will love the classic style throughout this well-maintained three-unit building with opportunity around every corner. Details like natural light pouring in through big windows and skylights, and exposed brick accents helps keep this classic beauty in line with its time. Recent renovations draw renters to stay long-term. The renovated first floor unit is 2 bed/1.5 bath and boasts a fireplace, high ceilings, in-unit laundry and an enclosed porch for additional storage. Exposed brick and duct work compliment the modern renovations in the kitchen and bath, and the large, equally-sized bedrooms both feature a barn door to the closets. The second floor duplex up is unlike any other in the area with 2700 SF, 3 bedrooms on the 2nd level and a large living, dining, kitchen and den on the 3rd floor. 2 full bathrooms, one on each floor, plus walk-in closets, pantry and tons of storage make this a desirable home for nearly any type of tenant. Exposed brick and tons of natural sunlight from the added skylights complete this amazing unit. The lower level studio boasts almost 1300 square feet of open living space! Tenants will love the laundry room on the same level, plus the enclosed porch for extra storage. All of that within a few blocks of the Blue Line, bars and restaurants on Division, parks, boutique stores and more!! All three units are currently rented through 2021 with long-term tenants.Two exterior tandem parking spaces in the back of the building are also included. Recent projects include tuck pointing, roof work, 2nd floor renovations and more! CAP rate is 4% with potential for 5%+, and current GRM is at 17.0 and projected GRM at 12.89.

Listing Agent

  1. Julie Busby

    Julie Busby

    Listing Agent

    Compass

Sold By Jameson Sotheby's Intl Realty

Property Details for 941 North Hoyne Avenue

Area
CHI - West Town
Township
West Chicago
Ownership
Fee Simple
Num Of Parking Spaces
2.0
Num Of Cars
2.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air, Hot Water/Steam
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 09/17/2021 12:47 PM

Property Details for 941 North Hoyne Avenue

StatusClosed
MLS #10966152
Days on Market104
Taxes$15,672 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1896
Lot Size0.06 AC / 2,496 SF
CountyCook County

Location

Add your commute

Building Information for 941 North Hoyne Avenue

Stories-Residences3Year Built1896Building Size-Lot Size0.06 AC / 2,496 SF

Payment Calculator

$7,173 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,867

Property Taxes

$1,306

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 941 North Hoyne Avenue

General Information
School Information
  • Elementary School District: 299
  • Elementary School: Columbus Elementary School
  • Jr High Middle School: Columbus Elementary School
  • High School District: 299
  • High School: Clemente Community Academy Senio
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Off Alley
  • Parking On Site: true
  • Parking Ownership: Owned
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 15
  • Bedrooms (Below Grade): 0
  • Community Features: Sidewalks, Street Paved
  • Basement Type: Full, English
  • Bedrooms Possible: 6
  • Basement Description: Finished, Exterior Access
  • # Full Baths in Building: 4
  • # Half Baths in Building: 1
  • Room Type: Enclosed Porch, Foyer
  • Num of Baths: 4.1
Utilities / Equipment
  • Sewer: Sewer-Public, Sewer-Storm
  • Water: Lake Michigan, Public
Property/Lot Information
  • Exterior Property Features: Porch
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Standard Chicago Lot
  • Lot Dimensions: 24X104
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • General Information: Commuter Bus,Commuter Train,Interstate Access,Historical District
  • North Coordinate: 1000
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 2100
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 4
  • Document Date: 2021-02-09T18:23:57
  • Photos Count: 29
Virtual Tour/Additional Media
  • Virtual Tour: Image360+realtor
  • Virtual Tour YN: Yes
  • Virtual Tour Date: 02-09-2021
Multi Family
Income & Expenses
  • Gross Income: $70,500.00
  • Insurance Expense: $4,088.00
  • Insurance Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Trash Expense Year: 2019
  • Net Operating Income: $49,190.00
  • Trash Expense: $1,550.00
Unit 1
  • Unit Type Actual Rent: $1,100.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Total Sq Ft - Unit 1: 1290
  • Floor # - Unit 1: L
  • # Of Rooms - Unit 1: 2
  • # Half Baths-Unit 1: 0
  • # Full Baths-Unit 1: 1
  • Appliances/Features Unit 1: Stove, Refrigerator, Microwave, Laundry Hook-Up
  • Lease Exp Date (Mo/Yr) - Unit 1: 09-21-2024
  • Sec Deposit $ - Unit 1: 0
  • Tenant Pays - Unit 1: Electric, Gas, Heat
Unit 2
  • Unit Type Actual Rent: $1,950.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Total Sq Ft - Unit 2: 1350
  • Floor # - Unit 2: 1
  • # Of Rooms - Unit 2: 5
  • # Half Baths-Unit 2: 1
  • # Full Baths-Unit 2: 1
  • Appliances/Features Unit 2: Stove, Refrigerator, Dishwasher, Microwave, Disposal, Central Air Conditioner, Fireplace-Artificial, Laundry Hook-Up, Hardwood Floors
  • Lease Exp Date (Mo/Yr) - Unit 2: 06-21-2024
  • Sec Deposit $ - Unit 2: 0
  • Tenant Pays - Unit 2: Electric, Gas, Heat
Unit 3
  • Unit Type Actual Rent: $2,825.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Total Sq Ft - Unit 3: 2700
  • Floor # - Unit 3: 3
  • # Of Rooms - Unit 3: 8
  • # Half Baths-Unit 3: 0
  • # Full Baths-Unit 3: 2
  • Appliances/Features Unit 3: Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Artificial, Laundry Hook-Up, Hardwood Floors, Skylights/Windows, Walk-In Closet
  • Lease Exp Date (Mo/Yr) - Unit 3: 08-21-2024
  • Sec Deposit $ - Unit 3: 0
  • Tenant Pays - Unit 3: Electric, Gas, Heat

Property History for 941 North Hoyne Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 941 North Hoyne Avenue

Taxable ValueLand$18,200Additions$56,800Total$75,000
Tax Record2022$14,723 ($1,227 / month)
Home Facts
Baths3Total Finished SqFt3,924 SqFtAbove Grade Finished SqFt3,924 SqFtStories3Lot Size2,600 SqFtStyleMulti-Family Res (5+ Units)Year Built1908CountyCOOKAPN17-06-319-018

Schools near 941 North Hoyne Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Public - 9 to 12
Rating
School
Distance
Columbus Elementary School
PublicPK to 8

Clemente Community Academy High School
Public9 to 12

Lasalle II Lang Acad Elementary School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 09/17/2021 12:47 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.