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4-Unit Quadplex Redevelopment Property
For Sale
$600,000

2310 N Hoyne Avenue, Chicago, IL 60647

Two-building residential income property offered as-is with extensive repair or teardown requirements.

Property SizeContact for details
Days on Market65

Property Features for 2310 N Hoyne Avenue

General Information

Standard status Active
Property subtype Multi-Family

Property Condition

Severity Teardown
Evidence complete teardown

Additional Details

Multifamily Units 4

Amenities

Natural Gas
Space Heater

Building Details

Year Built 1891
Buildings 2
Listing Agency: Domain Realty
Listed By: Adam Wavrunek · License #471013415
Source: Kw
Added: Jun 28 Changed: Aug 30 Last Checked: Aug 30 at 7:38PM

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 Domain Realty

Investment Insights

Based on property information with market context.

Located at 2310 N Hoyne Avenue in Chicago, this quadplex includes two separate buildings with two apartments in each structure. The property was built in 1891 and is being offered in as-is condition, with extensive repairs required throughout or the option to pursue a complete teardown and redevelopment.

Interior features include natural gas service and space heaters. An adjacent lot owned by IDOT may also be available for purchase, providing a separate opportunity to expand the development footprint subject to acquisition and applicable approvals.

Key Highlights

  • Four apartments distributed across two buildings
  • Built in 1891
  • Extensive repairs required throughout or complete teardown contemplated

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Tanning Salon Bed & Breakfast Clothing & Fashion Store Acupuncture

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

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,493
Businesses Nearby

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
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Two-building residential income property offered as-is with extensive repair or teardown requirements.
Where is this quadplex located?
The property is located at 2310 N Hoyne Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Four apartments distributed across two buildings; Built in 1891; Extensive repairs required throughout or complete teardown contemplated
More about this property
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