3215 South Racine Avenue

Chicago, IL 60608

$1,300,000
Price
12
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

For more Unit information please check out the 3D tour. Time Realty is pleased to present this expansive multi-family building, boasting 5,500 square feet of living space, situated on a 25 125 lot, offering 4 legal units and 1 non-conforming unit. Located near Bridgeport Village, it provides a unique urban-suburban ambiance. Each unit contains high ceilings, recently renovated contemporary kitchens, and modern bathrooms. Additionally, individual HVAC systems and in-unit laundry facilities are provided...For more Unit information please check out the 3D tour. Time Realty is pleased to present this expansive multi-family building, boasting 5,500 square feet of living space, situated on a 25 125 lot, offering 4 legal units and 1 non-conforming unit. Located near Bridgeport Village, it provides a unique urban-suburban ambiance. Each unit contains high ceilings, recently renovated contemporary kitchens, and modern bathrooms. Additionally, individual HVAC systems and in-unit laundry facilities are provided for each unit. This property also includes a spacious unfinished basement and extra storage in the attic. With a consistent cash flow, this property appeals to both investors and owner-occupants interested in renting out multiple units. Currently performing exceptionally well, there is potential for the new owner to increase rental rates for even greater returns. Don't miss out on this turnkey opportunity to enhance your investment portfolio.

Property Details for 3215 South Racine Avenue

Area
CHI - Bridgeport
Township
South Chicago
Ownership
Fee Simple
Num Of Parking Spaces
2.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas
Zoning
MULTI

Location

Listing Courtesy of Time Realty LLC
Add your commute
LISTING UPDATED: 05/12/2024 12:07 AM

Property Details for 3215 South Racine Avenue

StatusActive
MLS #12047639
Days on Market14
Taxes$11,518 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built-
Lot Size0.07 AC / 3,125 SF
CountyCook County

Location

Listing Courtesy of Time Realty LLC
Add your commute

Virtual Tour

Building Information for 3215 South Racine Avenue

Stories-Residences4Year Built-Building Size-Lot Size0.07 AC / 3,125 SF

Payment Calculator

$8,054 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,095

Property Taxes

$960

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3215 South Racine Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Off Street
  • Parking On Site: true
  • Parking Ownership: Owned
  • Open Parking Spaces: 2.0
Property Information
Interior Features
  • Num Of Rooms: 22
  • Bedrooms (Below Grade): 0
  • Community Features: Park
  • Basement Type: Full
  • Bedrooms Possible: 12
  • Basement Description: Unfinished
  • # Full Baths in Building: 5
  • # Half Baths in Building: 0
  • Num of Baths: 5.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2023
  • Built Before 1978: Yes
  • Age: Unknown
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 25X125
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 3215
  • East Coordinate: 0
  • West Coordinate: 1200
  • Lot Size Source: Survey
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 18
  • OpenHouse Count: 1
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Additional Media Type 1: 3D Tour
Multi Family
Income & Expenses
  • Electric Expense: $200.00
  • Gross Income: $104,140.00
  • Insurance Expense: $4,000.00
  • Maintenance Expense: $1,200.00
  • Electric Expense Source: Broker Projection
  • Insurance Expense Source: Broker Projection
  • Repairs-Decor Expense Source: Broker Projection
  • Water Expense Source: Broker Projection
  • Net Operating Income: $84,821.00
  • Water Sewer Expense: $2,400.00
Unit 1
  • Unit Type Actual Rent: $1,850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 03/25
Unit 2
  • Unit Type Actual Rent: $3,300.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 5
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 08/24
Unit 3
  • Unit Type Actual Rent: $1,595.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: M/M
Unit 4
  • Unit Type Actual Rent: $1,725.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Lease Expiration Date: 04/25

Property History for 3215 South Racine Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 3215 South Racine Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Public - K to 8
Rating
School
Distance
Armour Elementary School
PublicPK to 8

Air Force Academy High School
Public9 to 12

Namaste Elementary Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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3215 South Racine Avenue is a multi-family home for sale in Chicago, IL 60608. This property was listed for sale on May 6, 2024 by Time Realty LLC, it's currently listed at $1,300,000. It has been on the market for a total of 14 days and was last sold on December 7, 2021. This listing's school district is City Of Chicago School District 299. Nearby schools include Armour Elementary School, Air Force Academy High School and Namaste Elementary Charter School. 3215 South Racine Avenue is a 12-bed, 5-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Time Realty LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 05/12/2024 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.