2143 Racine Avenue, Lincoln Park, Chicago, Illinois 60614
$1,085,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 5 |
| Baths: | 4 |
| Year Built: | — |
| Property Taxes: | $18,944 |
| Days On Market: | 2047 |
| Lot Size: | 0,00 |
Description
Superb location, surrounded by multi million dollar homes. Endless possibilities with bonus garden apartment that can be annexed to 1st floor unit for massive owner occupied apartment. Let two additional rental units pay your mortgage. Just steps to DePaul University, shops, restaurants and Brown/Purple/ Armitage stop. This well maintained 3 unit property is a money making machine. Convert to a SFH or simply keep as an armchair investment property, building running smoothly just keep rents coming. Currently (1) 3Br/1bath apartment, (2) 1BR/1bath units plus nonconforming garden unit and 1.5 car garage. Building has many updates including copper plumbing lines, renovated kitchens and bathrooms, updated gas forced air furnace systems, separate utilities, new hot water tanks and many newer windows. Add this to your portfolio, room to improve rents without having to do major renovations. Building has over 5% cap rate potential. Prime for Airbnb business due to enviable location with a walk score of 95. Total annual income includes Garden unit rent.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| — | |
| Full | |
| Brick, Limestone | |
| Rubber | |
| — | |
| No | |
| — |
| Cook | |
| — | |
| — / — | |
| — | |
| Lake Michigan | |
| Public Sewer | |
| — | |
| Natural Gas | |
| 11030437 | |
| 14322130120000 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Oscar Mayer Elementary School |
299 | — | |
|
High School
Lincoln Park High School |
299 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 16 Jun, 2021 | Sold | $1,085,000 | MRED MLS |
| 30 Mar, 2021 | Under contract | $1,085,000 | MRED MLS |
| 23 Mar, 2021 | Listed for sale | $1,085,000 | MRED MLS |
Room Specifics
Total Bedrooms: 5
Bedrooms Above Ground: 5
Bedrooms Below Ground: 0
Full Bathrooms: 4
Bathroom Amenities: Soaking Tub
Bathroom in Basement: —
Rooms: —
Other Specifics
| 1.5 | |
| Brick/Mortar,Stone | |
| Garage | |
| — | |
| — | |
| — | |
| — | |
| — | |
| 25X125 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| Curbs, Sidewalks, Street Lights, Street Paved | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2021 | $18,944 |
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Listing Provided By
Lucid Realty, Inc.
