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1109 S Racine Avenue, Chicago, IL 60607
$1,350,000
1109 S Racine Avenue, Chicago, IL 60607View this property at 1109 S Racine Avenue, Chicago, IL 60607
1109 S Racine AvenueChicagoIL60607
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Property Description
First time for sale in over 40 years! Big beautiful 4-level 7-unit 1880s Victorian Greystone "tower" in top location in the UIC East Campus "Little Italy" neighborhood. Steps to Taylor St. Steps to multiple CTA buses and UIC school bus. Walking distance to UIC east and west campus as well as the Illinois Medical District and UIC, Rush, Cook and West side VA hospitals as well as the UIC medical, nursing, dental and pharmacy schools. Walking distance to both blue and pink line EL trains. Easy access to Roosevelt Rd, I-290, I-90/94 and minutes to downtown. Property is cosmetically and mechanically updated and well maintained. Room to improve existing rents $500/mo+ as well as 2-car garage for $300+/mo. Also has an 8th "in law" studio apt. This is the ultimate "armchair" property, and long term investment. Property has 100% occupancy at almost all times, due to high level location, condition and occupancy. Can be purchased as a package with 3834 S. Parnell, a jumbo 4/4/3 3-unit listed for $599,000.
Full Property Details
Full Property Details for 1109 S Racine Ave
General
- Sold For: $1,350,000
- Taxes: $21,117 (2021)
- Status: Closed
- Type: Commercial
- MLS ID: 11824548
- Added to Site: 297 day(s) ago
Parking
- Total Spaces: 2
Location
- Area: CHI - Near West Side
- County: Cook
- Driving Directions: 1/2 block N of Roosevelt And Racine 1/2 mile south of I-290 and Racine
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas, Individual Furnaces
Structural Information
- Construction: Brick, Stone
- Exterior Const.: Brick
- Foundation: Stone
- Roof: Rubber
- Stories/Levels: 4
- Square Feet: 5,949
- Year Built: 1890
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 7
- Units w/Range/Oven: 7
- # Dryers: 1
Lot Features
- Lot Size (Sq. Ft.): 3,880
- Lot Dimensions: 3880
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $27,402
- Assessment Year: 1890
- Tax Amount: $21,117
- Tax Year: 2021
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 17174260200000
Listed by Art of Real Estate LLC
Sold by Mango Realty Group
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Schools
Schools serving 1109 S Racine Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1059 W 13th St, Chicago, IL 60608 | PK-8 | 0.2 mi | |
936 N Ashland Ave, Chicago, IL 60622 | 9-12 | 2.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1109 S Racine Ave
Date
Details
Price
Change
Source
11/09/2023
Sold
$1,350,000
-10%
MLS
8/12/2023
Price Reduced
$1,500,000
-9.09%
MLS
7/06/2023
Listed
$1,650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1109 S Racine Avenue, Chicago, IL 60607 (MLS# 11824548) is a Commercial property that was sold at $1,350,000 on November 09, 2023. Want to learn more about 1109 S Racine Avenue? Do you have questions about finding other Commercial 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.