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1838 S Racine Avenue

Chicago, IL 60608
  • $795,000
  • STATUS: Active Under Contract
  • ON SITE: 144 Days
  • MLS #: 11937681
Under Contract
$795,000
  • 8
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1888
County:

School Ratings & Info

School District:
299

Description

1838 S Racine Ave is a four (4) unit multifamily property in the popular Pilsen neighborhood. **7.4% IN PLACE CAP RATE** Located just off 18th St., this asset is ideal located in one of the hottest neighborhoods in Chicago and even the world (according to Forbes). With a walkscore of 97, this is labeled a "Walker's Paradise!" The property features two (2) three bed, one bath units and two (2) one bed, one bath units. All units were renovated in 2018 and features newer kitchens, bathrooms, stainless steel appliances, granite counter tops, new electric, panels, front porch and flooring where needed and In-Unit Laundry. All units have central heat and there is a mix of updates throughout systems wise. The roof was replaced in 2014 (tear off) and windows were replaced in 2002. In the rear, there are two (2) parking spaces: one garage space and one surface parking space.

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© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-04-20T19:32:36.197 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1838 S Racine Avenue Chicago, IL 60608

  • Price: $795,000
  • Status: Active Under Contract
  • On Site: 144 Days
  • MLS #: 11937681
8
Beds
0
Baths
0
½ Baths
N/A
Acres
1888
Built
Neighborhood:
Chi - Lower West Side
County:
Cook
Area:
Chi - Lower West Side
School District:
299
Property Description
1838 S Racine Ave is a four (4) unit multifamily property in the popular Pilsen neighborhood. **7.4% IN PLACE CAP RATE** Located just off 18th St., this asset is ideal located in one of the hottest neighborhoods in Chicago and even the world (according to Forbes). With a walkscore of 97, this is labeled a "Walker's Paradise!" The property features two (2) three bed, one bath units and two (2) one bed, one bath units. All units were renovated in 2018 and features newer kitchens, bathrooms, stainless steel appliances, granite counter tops, new electric, panels, front porch and flooring where needed and In-Unit Laundry. All units have central heat and there is a mix of updates throughout systems wise. The roof was replaced in 2014 (tear off) and windows were replaced in 2002. In the rear, there are two (2) parking spaces: one garage space and one surface parking space.
Exterior Features

Exterior Building Type Vinyl Siding Garage Details Garage Door Opener(s) Garage Onsite Yes Garage Ownersite Owned Garage Type Detached Lot Size Less Than .25 Acre Multi Family Type 4 Flat Parking Details Garage Parking Total 1 Waterfront YN No

Interior Features

Basement Slab Basement Bathrooms YN No Basement Details None Bedrooms Below Grade 0 Bedrooms Total 8 Full Baths In Building 4 Half Baths In Building 0 Heating Natural Gas Rooms Total 36

Property Features

Age 100+ Years Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show No - has seller written direction Corporate Limits Chicago General Information None Gross Income 81120 Insurance Expense 2000 Maintenance Expense 1200 Mls Actual Status Contingent Net Operating Income 58525 New Construction YN No Other Additional Income Garage/s Ownership Fee Simple Rebuilt YN No Rehab Year 2018 Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 10490 Tax Year 2022 Total Numberof Unitsin Building 4 Total Rental Income 79980 Township West Chicago Type Two to Four Units Water Source Lake Michigan

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Flats, LLC: 312-506-3200.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-04-20T19:32:36.197 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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