Building Details

Building Size 5,900 SF

Year Built 1903

Listed By: Lee Kiser · License #IL #471014529 Show Phone

Source: Kisergroup

Added: Jul 25 Changed: Oct 25 Last Checked: Oct 30 at 11:47AM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee Kiser

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This prominent corner mixed-use building includes four residential units and two commercial units. The architecturally distinctive exterior features historic masonry construction and vintage character.

Situated in the heart of Bucktown, the property benefits from immediate access to local dining, retail, entertainment, and transit amenities. The diversified residential and commercial tenancy creates income variety within a single asset.

Designed as a mixed-use configuration, the building supports both residential living and street-facing commercial space within the same corner structure.

Key Highlights

• Mixed‑use building with 4 residential units and 2 commercial units
• Prominent corner property in Bucktown
• Year built: 1903

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$99,563

Cap Rate

5.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,991,260 $2.0M

Cap Rate 7%

$1,422,329 $1.4M

Cap Rate 9%

$1,106,256 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,900 SF

Gross rent

$177.0K $30.00/SF

− Vacancy

−$17.7K −$3.00/SF

EGI

$159.3K $27.00/SF

− OpEx

−$59.7K −$10.13/SF

NOI

$99.6K $16.88/SF

Area

Chicago, IL

Vacancy

10.00%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,991,260

Cap Rate 7%

$1,422,329

Cap Rate 9%

$1,106,256

Alternative Uses

Best Use

Mixed Use

$1.42M

$1.24M – $1.66M (±1% cap)

NOI $99,563 @ 7.0% cap · market cap 5.46%

Second Best

Apartment 5plus

$1.29M

$1.13M – $1.51M (±1% cap)

NOI $90,442 @ 7.0% cap · market cap 4.96%

Theoretical Best

Office A

$2.78M

$2.43M – $3.25M (±1% cap)

NOI $194,728 @ 7.0% cap · market cap 10.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Accentric Custom Framing (Bike/Boat/Book/etc) Store European Sojourns Travel Agency

Suggested Use

Top Pick Accounting Firm (Bike/Boat/Book/etc) Store Butcher Nursing Home Clothing & Fashion Store Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,702

Businesses Nearby

Explore this area Business Placement

Demographics for 60647, IL

85,631

Population

41,975

Households

2

Avg Household Size

33

Median Age

61%

College-Educated

92%

High-School Grad

4.0 sq mi

ZIP Area

21,408

Density / Sq Mi

$102,851

Median Household Income

$65,776

Median Earnings

$1,714

Median Rent

$557,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Similar For Sale Nearby

See more

Six-Unit Brick Apartment Building

2500 W Walton Street, Chicago, IL 60622

$2,000,000

5,973 SF

View details

Six-Unit Apartment Building

1620 N Marshfield Ave, Chicago, IL 60622

$1,600,000

5,980 SF

View details

Six-Unit Apartment Building

1835 N Paulina St, Chicago, IL 60622

$1,625,000

6,095 SF

View details

Historic Mixed-Use Property

642 N DEARBORN Street, Chicago, IL 60654

$2,100,000

0.06 Acres

View details

Mixed-Use Building with Restaurant Space

1631 N Halsted Street, Chicago, IL 60614

$1,570,000

5,658 SF

View details

New Construction Duplex

1728 N Sawyer Avenue, Chicago, IL 60647

$2,094,000

6,200 SF

View details

Candy Manufacturing Facility

4933-4935 W Fullerton Ave, Chicago, IL 60639

$1,299,000

5,850 SF

View details

Brick Mixed-Use Building with Restaurant

2506 N Clybourn Avenue, Chicago, IL 60614

$1,475,000

0.23 Acres

View details

Corner Storefront Property with Flexible Layout

50 E 16th Street C-1a, Chicago, IL 60616

$1,890,000

7,000 SF

View details

Mixed-Use Banquet Hall

6155 W FULLERTON Avenue, Chicago, IL 60639

$1,199,500

0.20 Acres

View details

Retail Storefront with Lease Extension

4625 S Pulaski Rd, Chicago, IL 60632

$1,958,000

6,974 SF

View details

7-Unit Renovated Apartment Building

140 W 66th Street, Chicago, IL 60621

$1,100,000

6,000 SF

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - Mixed-use property with four residential units and two commercial units in a prominent corner location.

Where is this mixed-use property located?

The property is located at 2100 N Hoyne Ave Chicago, IL.

What is the asking price?

The asking price for this property is $1,825,000.

What are key features of this property?

This property features: Mixed‑use building with 4 residential units and 2 commercial units; Prominent corner property in Bucktown; Year built: 1903