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$749,000 Contingent

  • For Sale
  • Contingent
  • Multi-Family
  • 3 Total Beds
  • Updated 1 day ago
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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.

Full Property Details for 1003 S Racine Ave

General

  • Price: $749,000
  • Taxes: $11,019 (2023)
  • Status: Contingent
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12796205
  • Updated: 11/10/2026
  • Added to Site: 14 day(s) ago

Interior

  • Basement: None

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Upper - Full Baths: 3

Bedrooms

  • Total Bedrooms: 3

Parking

  • Total Spaces: 2
  • Parking Features: Yes, Other

Location

  • Area: CHI - Near West Side
  • County: Cook
  • Township: South Chicago
  • Driving Directions: 1003 S Racine Ave, Chicago, IL 60607 From Downtown - Head west on W Jackson Blvd - Turn left onto S Halsted St - Turn right onto W Taylor St - Turn left onto S Racine Ave - Continue a few blocks - 1003 S Racine Ave will be on your right.

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Heating & Cooling

  • Heating Type: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement Desc.: None
  • Year Built: 1848
  • Built Before 1978: Yes
  • Remodeled/Updated: 2018

Unit Information

  • Units in Building: 3

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 19 x 100

Financial Considerations

  • Assessment Year: 1848
  • Tax Amount: $11,019
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: Standard
  • Property ID: 17174260660000

Listed by Option Premier LLC

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Listing agent

— 1003 S Racine Ave —

  • Option Premier LLC

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1003 S Racine Ave

School District:Chicago Public School District 299
NameGradesDistance
Smyth J Elementary School
1059 West 13th Street, Chicago, IL 60608
K-80.3 mi
Wells Community Academy High School
936 North Ashland Avenue, Chicago, IL 60622
9-112.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1003 S Racine Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/28/2026
Listed
$749,000
263.59%
MLS
9/21/1999
Sold
$206,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1003 S Racine Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$11,019
—
$55,000
6%
2023
$11,019
3%
$52,046
—
2022
$10,741
2%
$52,046
—
2021
$10,500
17%
$52,046
29%
2020
$8,989
-1%
$40,219
-11%
2019
$9,110
2%
$45,190
—
2018
$8,956
-1%
$45,190
8%
2017
$9,073
8%
$42,003
—
2016
$8,413
9%
$42,003
—
2015
$7,697
14%
$42,003
15%
2014
$6,763
2%
$36,453
—
2013
$6,630
1%
$36,453
—
2012
$6,541
—
$36,453
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Option Premier LLC

1003 S Racine Avenue, Chicago, IL 60607 (MLS# 12796205) is a Multi-Family property with 3 units containing 3 bedrooms and 0 full bathrooms. 1003 S Racine Avenue is currently listed for $749,000 and was received on October 28, 2026. Want to learn more about 1003 S Racine Avenue? Do you have questions about finding other Multi-Family real estate for sale in Near West Side? You can browse all Near West Side real estate or contact a Coldwell Banker agent to request more information.

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