1843 S Racine Avenue Chicago, IL ^$ 1,875,000

1843 S Racine Avenue

^$ 1,875,000

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1843 S Racine Avenue

Chicago, IL, 60608

^$ 1,875,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 11,545

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Commercial Property for sale in Chicago, IL

for $1,875,000. This building was built in 1884 on a lot size of 0.057392.

Turn-key investment opportunity in the heart of Pilsen. Fully rehabbed in 2017, this charming brick building offers seven updated 1-bedroom, 1-bath units plus a street-front retail space for multiple income streams. All units feature 2017+ appliances, individual HVAC, and in-unit stackable washer/dryers-highly desirable for today's renters. Just steps from 18th Street's acclaimed restaurants and nightlife, with easy permitted street parking, the property also sits within walking distance of the CTA Pink Line, bus routes, the Loop, UIC, and the Illinois Medical District. With strong rental demand and appreciation potential in one of Forbes' "Coolest Neighborhoods," this is an opportunity investors will not want to miss.

Commercial Active

Price

^$ 1,875,000

Property Type

Commercial

Taxes

^$ 23,003

Style

Lot Size

0.057392

Year Built

1884

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12602846

Features

General

Cooling Central Air

Construction Materials Brick

Year Built 1884

Electric Other

Tenant Pays Air Conditioning Electricity Heat

Stories Count 3

Property Subtype Mixed Use

Tax Year 2024

Gross Income 178239

County Cook

Net Operating Income 133259

Operating Expense 42577

Insurance Expense 7504

Property Type Commercial Sale Mixed Use

Status New

Directions Racine to 18th St property is just south of 18th on east side of Racine.

City Chicago

Number Of Units Total 9

MLS Area CHI - Lower West Side

Lot Size Square Feet 2500

Tax Annual Amount 23003

Electric Expense 467

Fuel Expense 0

Trash Expense 3856

Water Sewer Expense 2447

Additional Parcels Y/N N

Standard Status Active

Total Actual Rent 14853

Cap Rate 7.24

Exterior

Lot Dimensions 25x100

* Excluded Features

List By

Impero Properties

Broker

kathleen.jeske@imperopartners.com

Affordability Calculator

$13,462

Per Month

Monthly Principal & Interest: $11,545
Monthly Property Taxes: $1,917
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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

Commerical listings in Chicago, IL

Average List Price ^$970,635

Percent of Sale Price 48%

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
3/26/2026	$1,875,000		Listed Price

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1843 S Racine Avenue, Chicago, IL, 60608 is a Commercial Property for sale at $1,875,000 with a lot size of 0.057392. 1843 S Racine Avenue was built in 1884. 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 6.25% 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 3/27/2026.

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1843 S Racine Avenue

Commercial Property for sale in Chicago, IL

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