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3-Unit Multifamily Building
New
For Sale
$485,000

2315 S HOYNE Avenue, Chicago, IL 60608

Three residential units have separate utilities, with shared laundry inside the building.

Property SizeContact for details
Days on Market3

Property Features for 2315 S HOYNE Avenue

General Information

Standard status Active
Property subtype MULTI_FAMILY

Units

Unit Mix 3 x 2BR/1BA
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $10,837

Amenities

common laundry area
patio

Building Details

Buildings 1
Listing Agency: Compass
Listed By: Vanessa Smith · License #475171665
Source: Dawnmckennagroup
Added: Sep 25 Changed: Sep 26 Last Checked: Sep 26 at 2:46PM

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 Compass

Investment Insights

Based on property information with market context.

This legal triplex contains three apartments, each configured with two bedrooms and one bathroom. Utilities are separately metered, and residents have access to a common laundry area. A vacant attic provides additional storage space. Patio areas are positioned at both the front and rear of the building.

One apartment is vacant, while the other two are occupied by longer-term tenants. The property is located on S Hoyne Avenue in Chicago’s Pilsen area.

Key Highlights

  • Three legal apartments, each with 2 bedrooms and 1 bathroom
  • Utilities are separate for each unit
  • One unit is vacant; the other two have longer‑term tenants

Property Analytics

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Current Use

Triplexes

Suggested Use

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

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,493
Businesses Nearby

Demographics for 60608, IL

75,770
Population
32,617
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
12,221
Density / Sq Mi
$70,704
Median Household Income
$42,211
Median Earnings
$1,208
Median Rent
$341,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three residential units have separate utilities, with shared laundry inside the building.
Where is this triplex located?
The property is located at 2315 S HOYNE Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Three legal apartments, each with 2 bedrooms and 1 bathroom; Utilities are separate for each unit; One unit is vacant; the other two have longer‑term tenants
More about this property
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