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$899,900

  • For Sale
  • Active
  • Commercial
  • Updated 2 days ago
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Welcome to McKinley Park. This positive cash flow 8-unit building sits two minutes away from I55 and 10 minutes away from downtown Chicago. Walking distance to Target, shopping and restaurants. This massive building host 7 two-bedroom apartments and 1 one-bedroom apartment. Unfinished attic with high ceilings and insulation for your finishing touches. All units have been updated within the last couple of years. 2 of the units have tankless water heaters and the other 6 units have new water heaters. Property also has one active laundry room with an additional room that already has plumbing set up for a second laundry area. Plenty of parking as no residential homes across the street. Several beautiful brick new construction homes on the same block and surrounding area.

Full Property Details for 3242 S Hoyne Ave

General

  • Price: $899,900
  • Taxes: $17,258 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12560532
  • Updated: 2/10/2026
  • Added to Site: 9 day(s) ago

Interior

  • Basement: None

Location

  • Area: CHI - McKinley Park
  • County: Cook
  • Driving Directions: South on Damen from i55, West on 33rd North to 3242 Hoyne

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Forced Air, Space Heaters

Utilities

  • Trash: 515

Structural Information

  • Basement Desc.: None
  • Stories/Levels: 3
  • Current Bldg. Use: Multi-Family
  • Year Built: 1888
  • Built Before 1978: Yes

Unit Information

  • Units w/Refrigerators: 8
  • Units w/Range/Oven: 8
  • # Dryers: 1

Lot Features

  • Lot Size (Acres): 0.06
  • Lot Dimensions: 25 x 125
  • Zoning: COMMR

Financial Considerations

  • Insurance Fee: $10,000
  • Operating Expenses: $15,123
  • Assessment Year: 1888
  • Tax Amount: $17,258
  • Tax Year: 2024
  • Tenant Pays: Electricity, Heat
  • Pays Electric: 362
  • Pays Trash: 515

Disclosures and Reports

  • Property ID: 17311080190000

Listed by Realty of America, LLC

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— 3242 S Hoyne Ave —

  • Realty of America, LLC

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NMLS#: 1598647

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NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 3242 S Hoyne Ave

School District:Chicago Public School District 299
NameGradesDistance
Everett Elementary School, Chicago, IL
3419 South Bell Avenue, Chicago, IL 60608
PK-50.3 mi
Evergreen Academy Middle School
3537 South Paulina Street, Chicago, IL 60609
6-80.7 mi
Thomas Kelly College Preparatory
4136 South California Avenue, Chicago, IL 60632
9-121.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3242 S Hoyne Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/03/2026
Listed
$899,900
462.44%
MLS
2/28/2003
Sold
$160,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3242 S Hoyne Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$15,979
3%
$75,735
—
2022
$15,577
2%
$75,735
—
2021
$15,230
33%
$75,735
47%
2020
$11,478
11%
$51,522
—
2019
$10,351
2%
$51,522
—
2018
$10,177
-4%
$51,522
5%
2017
$10,573
7%
$49,114
—
2016
$9,837
9%
$49,114
—
2015
$9,000
3%
$49,114
4%
2014
$8,754
2%
$47,180
—
2013
$8,581
1%
$47,180
—
2012
$8,466
—
$47,180
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Realty of America, LLC

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3242 S Hoyne Avenue, Chicago, IL 60608 (MLS# 12560532) is a Commercial property. 3242 S Hoyne Avenue is currently listed for $899,900 and was received on February 03, 2026. Want to learn more about 3242 S Hoyne Avenue? Do you have questions about finding other Commercial real estate for sale in McKinley Park? You can browse all McKinley Park real estate or contact a Coldwell Banker agent to request more information.

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