2129 N Racine Avenue Chicago, IL $ 3,000,000
2129 N Racine Avenue
$ 3,000,000
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2129 N Racine Avenue

Chicago, IL, 60614
$ 3,000,000
Bedrooms9 Baths0.0

Monthly Estimate*

$ 18,472

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Multi-Family Home for sale in Chicago, IL

for $3,000,000 with 9 bedrooms. This home was built in 1900.

Rare opportunity to acquire a fully renovated five-unit Greystone property in the heart of Chicago's highly sought-after Lincoln Park neighborhood. The property consists of a three-unit front building and a two-unit coach house, offering an attractive unit mix of spacious 2-, 3-, and 4-bedroom apartments ideal for strong tenant demand. Located just steps from neighborhood retail, public transportation, and the lakefront, this turnkey investment combines prime location with modern functionality. All units were completely gut rehabbed down to the studs in 2016 and feature high-end finishes throughout, including quartz countertops, in-unit laundry, individual HVAC systems, and separate hot water heaters. The extensive 2016 renovation also included updated building systems, providing long-term peace of mind for ownership. The first-floor coach house lease expires at the end of July, creating a potential owner-occupancy opportunity, while all other units are secured with leases extending through summer 2027, offering stable in-place income.

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Multi-Family Active

Price

$ 3,000,000

Bedrooms

9

Property Type

Multi-Family

Taxes

$ 36,370

Style

Year Built

1900

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12656616

Features
General
Cooling Central Air
Zoning MULTI
Construction Materials Brick
Year Built 1900
Tenant Pays Air Conditioning Electricity Heat
Stories Count 3
Tax Year 2024
Gross Income 262200
County Cook
Net Operating Income 191391
Operating Expense 73309
Insurance Expense 5087
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 7330
Status New
Directions East on Webster south on Racine
City Chicago
Number Of Units Total 5
MLS Area CHI - Lincoln Park
Tax Annual Amount 36370
Electric Expense 1047
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 4228
Additional Parcels Y/N N
Standard Status Active
Cap Rate 6.4
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Interior
Total Fireplaces 3
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Exterior
Lot Dimensions 25X127.5
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* Excluded Features
List By
Star Realty & Management

Broker

tylerjamesweekes@gmail.com

Email

Affordability Calculator

$21,502
Per Month
86%
14%
0%
Monthly Principal & Interest
$18,472
Monthly Property Taxes
$3,031
Monthly 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/28/2026$3,000,000 Listed Price

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2129 N Racine Avenue, Chicago, IL, 60614 is a Multi-Family Home for sale at $3,000,000. 2129 N Racine Avenue has 9 bedrooms, 0.0 baths, and was built in 1900. The property's zip code is 60614 which is in Chicago, IL