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Specialty properties

3615 Hoyne Ave Chicago, IL 60609

Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a unique chance to redevelop a significant historic property in Chicago's McKinley Park neighborhood. The property, located at 3615 S Hoyne Avenue, encompasses a substantial 53,000 square foot parcel and includes multiple buildings: a Gothic-style church (circa 1936, 8,500 sq ft of column-free worship space and partial basement), a two-story rectory (circa 1918, 6,800+ sq ft, requiring extensive rehabilitation and featuring attached garage parking), a one-story social center (nearly 5,200 sq ft), and a two-story school building (circa 1954, 12,800 sq ft, currently leased to CPS as a daycare). A double vacant lot (49x125 ft) is also included, currently used for parking. The property's dimensions are 374x154x84x28x291x125 ft, potentially comprising 17 standard city lots with multiple addresses and PINs. Its prime location offers easy access to public transportation (Orange Line and Archer Avenue), shopping, medical facilities, McKinley Park's recreational amenities, and highly-rated schools. This presents an ideal opportunity for developers seeking a large-scale project with significant potential to benefit the community. The asking price is $1,995,000.

Property profile
Verified
Property type Specialty properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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