CRER presents this exceptional six-unit property located at 1860 N. Hoyne Ave, in the highly sought-after Bucktown neighborhood of Chicago, IL 60647. This investment opportunity boasts a strong Gross Rent Multiplier of 10.40 and a cap rate of 6.22%, offering reliable cash flow from the start. Zoned RM-5, the property provides flexibility for future expansion or redevelopment.

The building is well-maintained, featuring central A/C in each unit, ensuring tenant comfort. It’s hitting the market for the first time in 45 years, presenting a rare chance to acquire a long-standing asset in this vibrant area. The location is unbeatable, situated near the Damen and Western Blue Line stops and just a short walk from the popular 606 Bloomingdale Trail.

Additionally, the property is close to Milwaukee Avenue’s major retail corridor, providing easy access to shopping, dining, and entertainment options. With its current strong performance and the potential to increase value through renovations, this property is an outstanding investment in one of Chicago’s most desirable neighborhoods