Property profile

3615 Hoyne Ave Chicago, IL 60609

OFF-MARKET
Specialty properties
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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

Location

3615 Hoyne Ave Chicago, IL 60609
Chicago metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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