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616 S Racine Avenue

Chicago, IL 60607
  • $2,500,000
  • STATUS: Active Under Contract
  • ON SITE: 198 Days
  • MLS #: 11868059
Under Contract
$2,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2019
County:

School Ratings & Info

Description

Newer construction 5 unit building with parking and student tenants under lease through 7/31/24. 25 total bedrooms. See rent roll under additional documents. These units stay occupied due to high demand for student housing in this neighborhood with the University of Illinois at Chicago campus so close and this property has excellent proximity to downtown Chicago and the Lakefront. This property is part of a larger portfolio of student housing properties all located in the same neighborhood.

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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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616 S Racine Avenue Chicago, IL 60607

  • Price: $2,500,000
  • Status: Active Under Contract
  • On Site: 198 Days
  • MLS #: 11868059
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2019
Built
Neighborhood:
Chi - Near West Side
County:
Cook
Area:
Chi - Near West Side
Property Description
Newer construction 5 unit building with parking and student tenants under lease through 7/31/24. 25 total bedrooms. See rent roll under additional documents. These units stay occupied due to high demand for student housing in this neighborhood with the University of Illinois at Chicago campus so close and this property has excellent proximity to downtown Chicago and the Lakefront. This property is part of a larger portfolio of student housing properties all located in the same neighborhood.
Interior Features

Heat Ventilation Central Heat/Indiv Controls

Property Features

Additional Parcels YN No Approximate Age 1-6 Years Built Before1978 YN No Contingency Attorney/Inspection Continue To Show Yes Gross Income 249900 Gross Scheduled Income 249900 Insurance Expense 2500 Maintenance Expense 1000 Mls Actual Status Contingent Net Operating Income 209822 Operating Expense 12236 Tax Annual Amount 27842 Tax Year 2021 Tenant Pays Other Total Monthly Income 20825 Type Multi Family 5+

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Baird & Warner: 708-460-1400.


© 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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4112C Fieldstone Road
Champaign IL, 61822