2223 North Hoyne Avenue, CHICAGO
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!
- MLS® #09400131
- Full Baths5
- Year Built1885
- Sub-TypeTwo to Four Units
- Estimated Tax$9,815
- Tax Year2015
- AmenitiesPark/Playground, Pool, Curbs/Gutters, Sidewalks, Street Lights, Street Paved
- Exterior FeaturesDeck
- Listing OfficeColdwell Banker Residential
- Address2223 North Hoyne Avenue
- AreaCHI - Logan Square
- Zip Code60647
- HeatingGas, Forced Air
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Listing information last updated on February 18th, 2018 at 12:50am CST.