1946 S Racine Avenue Chicago, IL ^$ 2,599,000

1946 S Racine Avenue

^$ 2,599,000

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1946 S Racine Avenue

Chicago, IL, 60608

^$ 2,599,000

Bedrooms6 Baths0.0 Sq 12,168

Monthly Estimate*

^$ 16,214

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Multi-Family Home for sale in Chicago, IL

for $2,599,000 with 6 bedrooms. This 12,168 square foot home was built in 1889.

Large brick 10 unit in Chicago's East Pilsen neighborhood. Complete gut renovation completed in 2017-18. 100% tenant occupied and generates over $250K in annual gross rental income. At the time of renovations, the building was taken down to the brick walls and new open floor plans were created. Flooring, windows, roof, electrical, plumbing, all mechanical systems, etc., were all updated at that time. Condo quality units feature large bedrooms, open layouts, white kitchens with quartz counters, all S.S. appliances, in-unit washer & dryer in all units, and modern white/gray finishes. The building sits on an oversized lot with 3 parking spots in the rear and a full basement for potential additional storage. Great mix of 1BR, 2BR, & 3BR units. Highly desirable location in Pilsen!

Multi-Family Contingent

Price

^$ 2,599,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 22,422

Style

Multi-Family

Year Built

1889

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12438463

Features

General

Cooling Central Air Central Individual

Roof Membrane Reflective Coating Rubber

Zoning MULTI

Construction Materials Brick

Year Built 1889

Electric Circuit Breakers Separate Meters

Tenant Pays Air Conditioning Electricity Heat

Stories Count 4

Township West Chicago

Tax Year 2023

Current Use Multi-Family

Gross Income 250308

County Cook

Net Operating Income 194948

Operating Expense 55360

Insurance Expense 5207

Property Type Commercial Sale Multi Family 5+

Contingency Attorney/Inspection

MaintenanceExpense 7970

Possible Use Multi-Family

Status Contingent

Directions 18th & Racine South to 1946 on West Side of the Street.

City Chicago

Number Of Units Total 10

MLS Area CHI - Lower West Side

Tax Annual Amount 22422

Electric Expense 1447

Fuel Expense 0

Trash Expense 1891

Water Sewer Expense 5000

Additional Parcels Y/N N

Standard Status Active Under Contract

Interior

Basement Unfinished

Exterior

Foundation Details Block Brick/Mortar Concrete Perimeter

Building Area Total 12168

Lot Dimensions 33X126

* Excluded Features

List By

Coldwell Banker Real Estate Group

Broker

brian@coldwellhomes.com

Affordability Calculator

$18,083

Per Month

Monthly Principal & Interest: $16,214
Monthly Property Taxes: $1,869
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% 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 ^$615,846

Percent of Sale Price 76%

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
8/20/2025	$2,599,000		Listed Price

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1946 S Racine Avenue, Chicago, IL, 60608 is a Multi-Family Home for sale at $2,599,000 with 12,168 sqft. 1946 S Racine Avenue has 6 bedrooms, 0.0 baths, and was built in 1889. 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 6.375% 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 12/8/2025.

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1946 S Racine Avenue

Multi-Family Home for sale in Chicago, IL

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