40
See all 40 photos
$1,025,000
Est. payment /mo
9 Beds
3 Baths
Active Under Contract
1113 S Racine AVE Chicago, IL 60607
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Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12605996
Style Victorian
Bedrooms 9
Year Built 1878
Annual Tax Amount $14,116
Tax Year 2024
Lot Dimensions 3880
Property Sub-Type Two to Four Units
Property Description
Gut-Rehabbed beautiful LEGAL 3 flat with all new kitchens, cabinets, quarts countertops, stainless steel appliances, backsplashes, new bathrooms, showers/tubs, tile, flooring, washer / dryer in-unit, separate HVAC, exposed brick, high ceilings, high-rent with modern high-design custom finishes. Beautiful 1883 brick Victorian in top location in the UIC East Campus "Little Italy" neighborhood. Steps to Taylor St. Steps to multiple CTA buses and UIC school bus. Walking distance to UIC east and west campus as well as the Illinois Medical District and UIC, Rush, Cook and West side Va hospitals as well as the UIC medical, nursing, dental and pharmacy schools. Walking distance to both blue and pink line EL trains. Easy access to Roosevelt Rd, I-290, I-90/94 and minutes to downtown. Agent-Owned. Includes an oversized covered porch and 2-car garage. Garage can generate an additional $400+/mo. There is also room for an additional 4 car open air parking for additional $300+/mo. So combined total income with unrented parking income would be $104,220/year. Perfect for owner-user or investment with an operating CAP rate ~ 7.5
Location
State IL
County Cook
Area Chi - Near West Side
Rooms
Basement None
Interior
Heating Natural Gas, Forced Air, Indv Controls
Fireplace N
Exterior
Garage Spaces 2.0
Roof Type Rubber
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer, Storm Sewer
Water Lake Michigan, Public
Structure Type Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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Listed by Adam Saffro of New Era Chicago, LLC
NEARBY SCHOOL & BUSINESS
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