5027 Racine Avenue, New City, Chicago, Illinois 60609
$165,000
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Sold
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| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 6 |
| Baths: | 0 |
| Year Built: | 1885 |
| Property Taxes: | $2,672 |
| Days On Market: | 2173 |
| Lot Size: | 0,00 |
Description
Recently rehabbed in 2016, this 2-Flat is ideal for an owner-occupant or an investor. Ideally, someone who is looking for an investment opportunity or wants to live rent-free while at the same time taking advantage of the positive cash-flow opportunity it presents. Each unit comes with hardwood floors, new enclosed porches, bathrooms, kitchens, electrical and plumbing. The 2nd-floor unit has a built-in washer/dryer with access to an expansive finished attic for the owner-occupant; it's an open canvas waiting for your decorative ideas. The market rent for three-bedrooms in this area can go up as high as $1,200 a month. For that savvy owner-occupant, this means living rent-free and receiving positive cash flow each month. Since the tenant pays all the utilities except for water, taxes, and insurance, rent collections should cover most, if not all, of your monthly escrowed payments and then some. In any event, Living Rent-Free! The property is well maintained and situated in an ideal location, in the "Back of the Yard" neighborhood. Close to shopping, schools, public transport, and expressways. Call today, it won't last!!!
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1885 | |
| Full | |
| — | |
| No | |
| — |
| Cook | |
| — | |
| — / — | |
| — | |
| Lake Michigan | |
| Public Sewer | |
| 10545793 | |
| 20082140100000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 13 Nov, 2009 | Sold | $19,100 | MRED MLS |
| 27 Oct, 2009 | Under contract | $19,000 | MRED MLS |
| 14 Jul, 2009 | Listed for sale | $19,000 | MRED MLS |
| 24 Jun, 2016 | Sold | $33,000 | MRED MLS |
| 8 Jun, 2016 | Under contract | $46,000 | MRED MLS |
| 1 Mar, 2016 | Listed for sale | $46,000 | MRED MLS |
| 31 May, 2018 | Sold | $137,000 | MRED MLS |
| 23 Apr, 2018 | Under contract | $137,000 | MRED MLS |
| 16 Apr, 2018 | Listed for sale | $137,000 | MRED MLS |
| 17 Mar, 2020 | Sold | $165,000 | MRED MLS |
| 21 Jan, 2020 | Under contract | $165,000 | MRED MLS |
| — | Last price change | $175,000 | MRED MLS |
| 11 Oct, 2019 | Listed for sale | $185,000 | MRED MLS |
Room Specifics
Total Bedrooms: 6
Bedrooms Above Ground: 6
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 2
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: Unfinished
Other Specifics
| — | |
| — | |
| — | |
| — | |
| — | |
| 25 X 125 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| Park | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2009 | $2,545 |
| 2016 | $2,293 |
| 2018 | $2,486 |
| 2020 | $2,672 |
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Listing Provided By
eXp Realty, LLC
