1003 S Racine Avenue Chicago, IL $ 749,000
1003 S Racine Avenue
$ 749,000
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1003 S Racine Avenue

Chicago, IL, 60607
$ 749,000
Bedrooms3 Baths3.0

Monthly Estimate*

$ 5,173

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Multi-Family Home for sale in Chicago, IL

for $749,000 with 3 bedrooms and 3 full baths. This home was built in 1848 on a lot size of 0.04.

Exceptional investment opportunity in the heart of Chicago's University Village - Little Italy neighborhood! This well-maintained multifamily property blends historic character with modern convenience, offering spacious living areas and timeless architectural appeal. The building features three units with strong rental potential: All unit are currently rented. Unit 1 is a garden unit at $1,825/month. Unit 2 is a middle-floor unit with a rent of $2,150/month and includes an assigned parking space. Unit 3 is a top-floor unit with a rent of $2,250/month and includes an assigned parking space. Total projected monthly rental income is $6,225. Ideally situated just steps from the vibrant dining, cafes, and shops along Taylor Street, with nearby green spaces including Arrigo Park and Sheridan Park. Excellent transportation options include CTA Blue Line access, bus routes, and convenient connections to major expressways. Whether you're seeking a turnkey investment or an owner-occupant opportunity with supplemental income, 1003 S Racine Ave offers the perfect combination of location, lifestyle, and income-producing potential.First showings on Saturday November 7th.

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Multi-Family Active

Price

$ 749,000

Bedrooms

3

Full Bath

3

Property Type

Multi-Family

Taxes

$ 11,019

Style

Lot Size

0.04

Year Built

1848

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12796205

Features
General
Sewer Public Sewer
Heating Gas
Possession Closing
Construction Materials Brick
Year Built 1848
Township South Chicago
Tax Year 2023
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 10
Status New
Directions 1003 S Racine Ave Chicago IL 60607 From Downtown - Head west on W Jackson Blvd - Turn left onto S Halsted St - Turn right onto W Taylor St - Turn left onto S Racine Ave - Continue a few blocks - 1
City Chicago
High School District 299
MLS Area CHI - Near West Side
Tax Annual Amount 11019
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement None
Total Bedrooms 3
Total Baths 3
Bedrooms Possible 3
Full Baths Building 3
Half Baths Building 0
Total Number of Units 3
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Exterior
Parking Features Yes Other
Water Source Public
Total Parking 2
Lot Dimensions 1886
Lot Size Acres 0.04
Waterfront Y/N N
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* Excluded Features
List By
Option Premier Llc

Broker

cory@optionpremier.com

Email

Affordability Calculator

$6,091
Per Month
85%
15%
0%
Monthly Principal & Interest
$5,173
Monthly Property Taxes
$918
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/29/2026$749,000 Listed Price

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1003 S Racine Avenue, Chicago, IL, 60607 is a Multi-Family Home for sale at $749,000 with a lot size of 0.04. 1003 S Racine Avenue has 3 bedrooms, 3.0 baths, and was built in 1848. The property's zip code is 60607 which is in Chicago, IL