Greystone Multifamily
852 N Hoyne Avenue, Chicago, IL 60622
For Sale
$1,850,000
Two-bedroom residences feature central air, hardwood flooring, tall ceilings, and updated kitchens and baths.
Property Size5,940 SF
Price / SF$311.45
Days on Market44
Property Features for 852 N Hoyne Avenue
General Information
Standard status
Size
Property subtype
Zoning
Lease Term
Site & Location
Neighborhood
Highway Access
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
central air
high ceilings
upgraded kitchens
upgraded baths
hardwood floors
great natural light
Building Details
Building Size
Year Built
Stories
Units
Construction
Listing Agency:
@properties Christie's International Real Estate
Listed By:
Jill Halpern
(773) 432-0200
Source:
Amberrealty
Added: Oct 2
Changed: Nov 10
Last Checked: Nov 14 at 7:07PM
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 @properties Christie's International Real Estate
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Investment Insights
Based on property information with market context.
This 5,940-square-foot Greystone multifamily building was constructed in 1909 and is zoned MULTI. Its residences have two-bedroom layouts, central air, high ceilings, hardwood floors, and upgraded kitchens and bathrooms. Recent improvements have also been completed.
The property is on N Hoyne Avenue in Chicago’s Ukrainian Village, near shops, restaurants, and entertainment. Transit options connect with the Loop, Michigan Avenue, expressways, hospitals, and universities.
The property is on N Hoyne Avenue in Chicago’s Ukrainian Village, near shops, restaurants, and entertainment. Transit options connect with the Loop, Michigan Avenue, expressways, hospitals, and universities.
Key Highlights
- 5,940‑square‑foot multifamily building, built in 1909
- Two‑bedroom residences with central air
- High ceilings, hardwood floors, upgraded kitchens and baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,055
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,821,100
$1.8M
Cap Rate 7%
$1,300,786
$1.3M
Cap Rate 9%
$1,011,722
$1.0M
Market Conditions
NOI Build-Up for 5,940 SF
Gross rent
$174.6K $29.40/SF
− Vacancy
−$9.1K −$1.53/SF
EGI
$165.6K $27.87/SF
− OpEx
−$74.5K −$12.54/SF
NOI
$91.1K $15.33/SF
Area
Chicago, IL
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,821,100
Cap Rate 7%
$1,300,786
Cap Rate 9%
$1,011,722
Alternative Uses
Best Use
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $91,055 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.80M
$2.45M – $3.27M
NOI $196,049 @ 7.0% cap · market cap 10.60%
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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,626
Businesses Nearby
Explore this area
Business Placement
Demographics for 60622, IL
55,075
Population
27,630
Households
2
Avg Household Size
33
Median Age
73%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
22,030
Density / Sq Mi
$124,852
Median Household Income
$76,180
Median Earnings
$1,932
Median Rent
$622,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Multifamily properties in Chicago
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two-bedroom residences feature central air, hardwood flooring, tall ceilings, and updated kitchens and baths.
Where is this multifamily property located?
The property is located at 852 N Hoyne Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 5,940‑square‑foot multifamily building, built in 1909; Two‑bedroom residences with central air; High ceilings, hardwood floors, upgraded kitchens and baths
