3242 S Hoyne Avenue Chicago, IL ^$ 899,900

3242 S Hoyne Avenue

^$ 899,900

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New Construction

3242 S Hoyne Avenue

Chicago, IL, 60608

^$ 899,900

Bedrooms14 Baths0.0

Monthly Estimate*

^$ 5,541

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Multi-Family Home for sale in Chicago, IL

for $899,900 with 14 bedrooms. This home was built in 1888 on a lot size of 0.06.

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.

Multi-Family Contingent

Price

^$ 899,900

Bedrooms

Property Type

Multi-Family

Taxes

^$ 17,258

Style

Multi-Family

Lot Size

0.06

Year Built

1888

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12560532

Features

General

Cooling Window Unit(s)

Possession Closing

Zoning COMMR

Year Built 1888

Tenant Pays Electricity Heat

Stories Count 3

Tax Year 2024

Current Use Multi-Family

Gross Income 120000

County Cook

Net Operating Income 88620

Operating Expense 15123

Insurance Expense 10000

Property Type Commercial Sale Multi Family 5+

Contingency Attorney/Inspection

MaintenanceExpense 0

Status Contingent

Directions South on Damen from i55 West on 33rd North to 3242 Hoyne

City Chicago

Number Of Units Total 8

MLS Area CHI - McKinley Park

Tax Annual Amount 17258

Electric Expense 362

Fuel Expense 0

Trash Expense 515

Water Sewer Expense 1500

Additional Parcels Y/N N

Standard Status Active Under Contract

Interior

Basement None

Exterior

Lot Dimensions 25X125

Lot Size Acres 0.06

* Excluded Features

List By

Realty Of America, Llc

Broker

Ocampofreddie@gmail.com;freddie@realtyofchicago.com

Affordability Calculator

$6,979

Per Month

Monthly Principal & Interest: $5,541
Monthly Property Taxes: $1,438
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$608,359

Percent of Sale Price 32%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/4/2026	$899,900		Listed Price

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3242 S Hoyne Avenue, Chicago, IL, 60608 is a Multi-Family Home for sale at $899,900 with a lot size of 0.06. 3242 S Hoyne Avenue has 14 bedrooms, 0.0 baths, and was built in 1888. The property's zip code is 60608 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 2/22/2026.

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3242 S Hoyne Avenue

Multi-Family Home for sale in Chicago, IL

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