3242 S Hoyne Avenue, Chicago, IL 60608 - Photo 1

1/1

$900,000

Sold
Closed
Commercial

1/1

Property Description

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

Full Property Details for 3242 S Hoyne Ave

General

Sold For: $900,000
Taxes: $17,258 (2024)
Status: Closed
Type: Commercial
Source: MRED
MLS ID: 12560532

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

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

Operating Expenses: $15,123
Assessment Year: 1888
Tax Amount: $17,258
Tax Year: 2024
Tenant Pays: Electricity, Heat

Disclosures and Reports

Property ID: 17311080190000

Listed by Realty of America, LLC
Sold by Chi Real Estate Group LLC

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Schools

Schools serving 3242 S Hoyne Ave

School District:Chicago Public School District 299

Name	Grades	Distance
Everett Elementary School, Chicago, IL 3419 South Bell Avenue, Chicago, IL 60608	PK-5	0.3 mi
Evergreen Academy Middle School 3537 South Paulina Street, Chicago, IL 60609	6-8	0.7 mi
Thomas Kelly College Preparatory 4136 South California Avenue, Chicago, IL 60632	9-12	1.4 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

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3242 S Hoyne Avenue, Chicago, IL 60608 (MLS# 12560532) is a Commercial property that was sold at $900,000 on May 01, 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.

3242 S Hoyne Ave Chicago, IL 60608