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1838 S Racine Avenue Chicago, IL $ 795,000
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$ 795,000 Get more info
1838 S Racine Avenue
$ 795,000
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1838 S Racine Avenue

Chicago, IL, 60608
$ 795,000
Bedrooms8 Baths4.0

Monthly Estimate*

$ 5,553

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Multi-Family Home for sale in Chicago, IL

for $795,000 with 8 bedrooms and 4 full baths. This home was built in 1888.

1838 S Racine Ave is a four (4) unit multifamily property in the popular Pilsen neighborhood. **7.4% IN PLACE CAP RATE** Located just off 18th St., this asset is ideal located in one of the hottest neighborhoods in Chicago and even the world (according to Forbes). With a walkscore of 97, this is labeled a "Walker's Paradise!" The property features two (2) three bed, one bath units and two (2) one bed, one bath units. All units were renovated in 2018 and features newer kitchens, bathrooms, stainless steel appliances, granite counter tops, new electric, panels, front porch and flooring where needed and In-Unit Laundry. All units have central heat and there is a mix of updates throughout systems wise. The roof was replaced in 2014 (tear off) and windows were replaced in 2002. In the rear, there are two (2) parking spaces: one garage space and one surface parking space.

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Multi-Family Contingent

Price

$ 795,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 10,490

Style

Year Built

1888

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11937681
Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing
Garage Spaces 1
Year Built 1888
Township West Chicago
Tax Year 2022
Percent Ownership Fee Simple
Gross Income 81120
County Cook
Net Operating Income 58525
Insurance Expense 2000
New Construction N
Property Type Residential Income Two to Four Units
Contingency Attorney/Inspection
Total Rooms 36
Status Contingent
Directions West on 18th St South on Racine Ave
City Chicago
High School District 299
MLS Area CHI - Lower West Side
Waterfront Y/N N
Street Name Racine
Tax Annual Amount 10490
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 2449
Days on Market 60
Standard Status Active Under Contract
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement None Slab
Street Suffix Avenue
Total Bedrooms 8
Total Baths 4
Bedrooms Possible 8
Full Baths Building 4
Half Baths Building 0
Total Number of Units 4
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Exterior
Water Source Lake Michigan
Total Parking 1
Lot Dimensions 25X125
Garage Onsite Yes
Garage Type Detached
Garage Ownership Owned
Exterior Vinyl Siding
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* Excluded Features
List By
Flats, Llc

Broker

melissa13@aol.com

Email

Affordability Calculator

$6,427
Per Month
86%
14%
0%
Monthly Principal & Interest
$5,553
Monthly Property Taxes
$874
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% 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
566059 Elementary School
566846 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/28/2023$795,000 Listed Price

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1838 S Racine Avenue, Chicago, IL, 60608 is a Multi-Family Home for sale at $795,000. 1838 S Racine Avenue has 8 bedrooms, 4.0 baths, and was built in 1888. The property's zip code is 60608 which is in Chicago, IL

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