2223 North Hoyne Avenue, CHICAGO

$849,000

6 Beds
5 Baths
0 Sqft
.07 Acres
0 Garages

Cap rate is 5.7% including taxes and expenses. 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. Expenses : Trash = $5781, Water = $1200, insurance = $3568. Gross expenses= $10,549. NOI =$62,651. Cap Rate is NOI divided by Purchase price $62,651/$849,000 = cap rate of 7.3%. Including property tax of $13,642, cap rate is 5.7%. The 3 bedroom unit is a duplex up with central heat, central air, laundry in the unit & a dishwasher. The other three units are all 1 bed 1 bath with central heat only. Never vacant, easy to rent units in a great location!

Essential Information
MLS® #09400131
Price$849,000
Bedrooms6
Bathrooms5.00
Full Baths5
Acres0.07
Year Built1885
TypeResidential
Sub-TypeTwo to Four Units
StatusActive
Community Information
Address2223 North Hoyne Avenue
AreaCHI - Logan Square
CityCHICAGO
CountyCook
StateIL
Zip Code60647
Amenities
Amenities

Park/Playground, Pool, Curbs/Gutters, Sidewalks, Street Lights, Street Paved

Interior
HeatingGas, Forced Air
BasementNone
Exterior
ExteriorBrick
Exterior FeaturesDeck
Additional Information
ZoningMULTI
Listing Details
OfficeColdwell Banker Residential
Property History
Status Changed from New to Active

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Listing information last updated on May 26th, 2018 at 4:50am CDT.

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