It appears the current owner is "gut" renovating to a single family home, possibly for retail sale. At first glance, I have not located a sale on the building in the last several years. It's possible it was recently bought to renovate, or, it's a long time owner taking advantage of demand for affordable newly renovated homes.
I also spotted another gut rehab home that came on the market in August at 2907 N Hoyne, now listed for $509,000. The home was purchased in the beginning of the year for $289,000.