2909 Racine Avenue, Lake View, Chicago, Illinois 60657


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$664,000

Sold
Status: Closed
Sqft: 0
Cost/Sqft: —
Beds: 5
Baths: 0
Year Built: 1886
Property Taxes: $9,390
Days On Market: 3814
Lot Size: 0,00
Map
Street View

Description

Rents are WAY under market value for the neighborhood. The current tenants are long-term and the owner has never raised rent! Cap Rate is 7+ with market value rents. Yearly expenses for owner are minimal. Building is over 100 years old and needs some common area work. Perfect for a family wanting to live in Duplex up and rent Unit 1, or for an investor who wants to rent out both units. No work needed inside if plan is to rent. Also great for converting into a dream SFH in a gorgeous neighborhood!

Property Specifics

Multi-unit
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—
1886
Partial
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No
—
Cook
—
— / —
—
Lake Michigan
Public Sewer
09220576
14292190070000

Property History

DATE: EVENT: PRICE: SOURCE:
27 Jun, 2016 Sold $664,000 MRED MLS
13 May, 2016 Under contract $699,000 MRED MLS
9 May, 2016 Listed for sale $699,000 MRED MLS
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Room Specifics

All Bedroom Info:
Total Bedrooms: 5
Bedrooms Above Ground: 5
Bedrooms Below Ground: 0
Second Bedroom Info:
Dimensions: —
Location: —
Floor Type: —
Third Bedroom Info:
Dimensions: —
Location: —
Floor Type: —
Fourth Bedroom Info:
Dimensions: —
Location: —
Floor Type: —
Fifth Bedroom Info:
Dimensions: —
Location: —
Floor Type: —
Bathroom Info:
Full Bathrooms: 3
Partial Bathrooms: —
Bathroom Amenities: —
Bathroom in Basement: —
Additional Rooms Info:
Rooms: —
Basement: Partial
Basement Description: Unfinished

Other Specifics

2
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Porch Screened
Fenced Yard
24X116
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—
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Not in DB
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—

Tax History

Year Property Taxes
2016 $9,390

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