1113 S Racine Ave, Chicago, IL
9 bd · 3 ba · 0 sqft Multi-Family listed at $1,025,000, built in 1878 in the Little Italy neighborhood.
About this home
Gut-Rehabbed beautiful LEGAL 3 flat with all new kitchens, cabinets, quarts countertops, stainless steel appliances, backsplashes, new bathrooms, showers/tubs, tile, flooring, washer / dryer in-unit, separate HVAC, exposed brick, high ceilings, high-rent with modern high-design custom finishes. Beautiful 1883 brick Victorian in top location in the UIC East Campus "Little Italy" neighborhood. Steps to Taylor St. Steps to multiple CTA buses and UIC school bus. Walking distance to UIC east and west campus as well as the Illinois Medical District and UIC, Rush, Cook and West side Va hospitals as well as the UIC medical, nursing, dental and pharmacy schools. Walking distance to both blue and pink line EL trains. Easy access to Roosevelt Rd, I-290, I-90/94 and minutes to downtown. Agent-Owned. Includes an oversized covered porch and 2-car garage. Garage can generate an additional $400+/mo. There is also room for an additional 4 car open air parking for additional $300+/mo. So combined total income with unrented parking income would be $104,220/year. Perfect for owner-user or investment with an operating CAP rate ~ 7.5
Property details
- Price
- $1,025,000
- Bedrooms
- 9
- Bathrooms
- 3
- Year built
- 1878
- Type
- Multi-Family
- Days on market
- 19
- Est. property tax
- $21,320/yr · $1,777/mo · 2.08% IL avg
Estimated monthly payment
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Location
This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.
About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)
Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.
Home Intelligence
Neighborhood (zip 60607)
This neighborhood skews young (median age 30.9) and is highly educated (42% hold a bachelor's degree). 46% of homes are owner-occupied; median household income is $119,500.
- Median income
- $119,500
- Median age
- 30.9
- Owner-occupied
- 45.9%
- Bachelor's degree
- 42.2%
- Census median home value
- $487,000
Source: US Census Bureau American Community Survey 5-year estimates.
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