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Multifamily

937 North Hoyne Avenue

937 N Hoyne Ave, Chicago, IL 60622

Listing Price: $1,100,000

Cap Rate
5.28%
Number of Units
3
GRM
12.26
Price/Unit
$366,667
Price/Gross SF
$298.91
Gross SF
3,680

Investment Overview

PROPERTY OVERVIEW
937 North Hoyne Avenue is a three unit multifamily asset located in the heart of Chicago’s highly desirable Wicker Park / West Town submarket, with parking in the rear. Situated on a quiet residential block just steps from Chicago Avenue and Division Street, the property benefits from proximity to two of the city’s most active retail and dining corridors while maintaining a neighborhood streetscape feel. The area is known for strong renter demand, high household incomes, and limited opportunities for new small-scale multifamily development.
The property offers direct access to public transportation via the CTA Blue Line at Chicago and Division stations, along with multiple bus routes providing efficient connectivity to downtown and major employment centers. The surrounding neighborhood features a dense mix of restaurants, cafes, boutiques, and daily-use amenities, creating a highly walkable urban environment.
UNIT MIX
2 UNITS: 3 BEDROOM / 1.5 BATHROOM
1 UNIT: 3 BEDROOM / 2 BATHROOM
TOTAL: 3 RESIDENTIAL UNITS

INVESTMENT RATIONALE
937 North Hoyne Avenue provides investors with exposure to one of Chicago’s most supply-constrained and lifestyle-driven neighborhoods. The combination
of strong transit access, dense retail infrastructure, and a unit mix tailored toward larger households supports durable occupancy and long-term rental
stability. The property’s infill location within a premier West Side submarket positions it for sustained performance and long-term value appreciation.

Investment Highlights

  • Prime Wicker Park / West Town Submarket
  • Attractive Unit Mix: Three Large Three-Bedroom Units
  • In-Place Rents Are Below Market

Exclusively Listed By

  • Kyle A. Stengle

    Senior Managing Director Investments

    (312) 327-5455

    Email Kyle

    License(s): IL: 475.138461

    Chicago Downtown

Multifamily

937 North Hoyne Avenue

Listing Price: $1,100,000

Cap Rate
5.28%
Number of Units
3
GRM
12.26
Price/Unit
$366,667
Price/Gross SF
$298.91
Gross SF
3,680

Investment Highlights

  • Prime Wicker Park / West Town Submarket
  • Attractive Unit Mix: Three Large Three-Bedroom Units
  • In-Place Rents Are Below Market

Investment Overview

PROPERTY OVERVIEW 937 North Hoyne Avenue is a three unit multifamily asset located in the heart of Chicago’s highly desirable Wicker Park / West Town submarket, with parking in the rear. Situated on a quiet residential block just steps from Chicago Avenue and Division Street, the property benefits from proximity to two of the city’s most active retail and dining corridors while maintaining a neighborhood streetscape feel. The area is known for strong renter demand, high household incomes, and limited opportunities for new small-scale multifamily development. The property offers direct access to public transportation via the CTA Blue Line at Chicago and Division stations, along with multiple bus routes providing efficient connectivity to downtown and major employment centers. The surrounding neighborhood features a dense mix of restaurants, cafes, boutiques, and daily-use amenities, creating a highly walkable urban environment. UNIT MIX 2 UNITS: 3 BEDROOM / 1.5 BATHROOM 1 UNIT: 3 BEDROOM / 2 BATHROOM TOTAL: 3 RESIDENTIAL UNITS INVESTMENT RATIONALE 937 North Hoyne Avenue provides investors with exposure to one of Chicago’s most supply-constrained and lifestyle-driven neighborhoods. The combination of strong transit access, dense retail infrastructure, and a unit mix tailored toward larger households supports durable occupancy and long-term rental stability. The property’s infill location within a premier West Side submarket positions it for sustained performance and long-term value appreciation.

Exclusively Listed By

  • Kyle A. Stengle

    Senior Managing Director Investments

    (312) 327-5455

    Email Kyle

    License(s): IL: 475.138461

    Chicago Downtown

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