$760,000
$795,000
4.4%For more information regarding the value of a property, please contact us for a free consultation.
1838 S Racine AVE Chicago, IL 60608
8 Beds
4 Baths
Key Details
Sold Price $760,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11937681
Sold Date 03/25/24
Bedrooms 8
Maintenance Fees $1,200
Year Built 1888
Annual Tax Amount $10,490
Tax Year 2022
Lot Dimensions 25X125
Property Description
1838 S Racine Ave is a four (4) unit multifamily property in the popular Pilsen neighborhood. **7.4% IN PLACE CAP RATE** Located just off 18th St., this asset is ideal located in one of the hottest neighborhoods in Chicago and even the world (according to Forbes). With a walkscore of 97, this is labeled a "Walker's Paradise!" The property features two (2) three bed, one bath units and two (2) one bed, one bath units. All units were renovated in 2018 and features newer kitchens, bathrooms, stainless steel appliances, granite counter tops, new electric, panels, front porch and flooring where needed and In-Unit Laundry. All units have central heat and there is a mix of updates throughout systems wise. The roof was replaced in 2014 (tear off) and windows were replaced in 2002. In the rear, there are two (2) parking spaces: one garage space and one surface parking space.
Location
State IL
County Cook
Area Chi - Lower West Side
Rooms
Basement None
Interior
Heating Natural Gas
Fireplace N
Exterior
Parking Features Detached
Garage Spaces 1.0
Building
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Abraham Alarape • Coldwell Banker Realty