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$749,000
Est. payment /mo
3 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi 2-4 Units
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12796205
Bedrooms 3
Year Built 1848
Annual Tax Amount $11,019
Tax Year 2023
Lot Dimensions COMMON
Property Sub-Type Two to Four Units
Property Description
Exceptional investment opportunity in the heart of Chicago's University Village - Little Italy neighborhood! This well-maintained multifamily property blends historic character with modern convenience, offering spacious living areas and timeless architectural appeal. The building features three units with strong rental potential: Unit 1 is a garden unit currently leased through 04/30/2027 at $1,825/month. Unit 2 is a vacant middle-floor unit with a market rent of $2,150/month and includes an assigned parking space. Unit 3 is a vacant top-floor unit with a market rent of $2,250/month and includes an assigned parking space. Total projected monthly rental income is $6,225. Ideally situated just steps from the vibrant dining, cafes, and shops along Taylor Street, with nearby green spaces including Arrigo Park and Sheridan Park. Excellent transportation options include CTA Blue Line access, bus routes, and convenient connections to major expressways. Whether you're seeking a turnkey investment or an owner-occupant opportunity with supplemental income, 1003 S Racine Ave offers the perfect combination of location, lifestyle, and income-producing potential.
Location
State IL
County Cook
Area Chi - Near West Side
Rooms
Basement None
Interior
Heating Gas
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition Standard
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Listed by Cory Tanzer of Option Premier LLC
NEARBY SCHOOL & BUSINESS
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