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Listed by Cory Tanzerof Option Premier LLC
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Est. payment /mo
3 Beds
1,742 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
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 Size 1,742 Sqft
Lot Dimensions 1886
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: All unit are currently rented. Unit 1 is a garden unit at $1,825/month. Unit 2 is a middle-floor unit with a rent of $2,150/month and includes an assigned parking space. Unit 3 is a top-floor unit with a 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
Rooms
Basement None
Interior
Heating Gas
Fireplace N
Exterior
View Y/N true
Building
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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Joanna Lewkowicz
Designated Managing Broker | Owner Illinois: 471.018027Indiana: RB18001061Florida: BK3514240
+1(708) 963-0011 | joanna@boutiquehomerealty.com