Chicago, IL 60607,616 S Racine AVE
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Chicago, IL 60607,616 S Racine AVE
Chicago, IL 60607,616 S Racine AVE
Chicago, IL 60607,616 S Racine AVE
Chicago, IL 60607,616 S Racine AVE

$2,500,000

Est. payment /mo

$2,500,000

Est.Price: ?

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616 S Racine AVE Chicago, IL 60607

SOLD DATE : 04/23/2024

Key Details

Sold Price $2,500,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 11868059

Sold Date 04/23/24

Maintenance Fees $1,000

Year Built 2019

Annual Tax Amount $27,842

Tax Year 2021

Lot Dimensions 25 X 120

Property Description

Newer construction 5 unit building with parking and student tenants under lease through 7/31/24. 25 total bedrooms. See rent roll under additional documents. These units stay occupied due to high demand for student housing in this neighborhood with the University of Illinois at Chicago campus so close and this property has excellent proximity to downtown Chicago and the Lakefront. This property is part of a larger portfolio of student housing properties all located in the same neighborhood.

Location

State IL

County Cook

Area Chi - Near West Side

Interior

Fireplace N

Building

Level or Stories 5

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Midwest Real Estate Data (MRED) IDX
Listed by Michael Galvan • Baird & Warner
Bought with Fernando Rivera • Extreme Realty LLC

Carly Jones

Advisor | License Partner | Michigan Managing Broker

+1(312) 391-3170

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