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$1,875,000

  • For Sale
  • Active
  • Commercial
  • Updated 2 days ago
See This Home
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Turn-key investment opportunity in the heart of Pilsen. Fully rehabbed in 2017, this charming brick building offers seven updated 1-bedroom, 1-bath units plus a street-front retail space for multiple income streams. All units feature 2017+ appliances, individual HVAC, and in-unit stackable washer/dryers-highly desirable for today's renters. Just steps from 18th Street's acclaimed restaurants and nightlife, with easy permitted street parking, the property also sits within walking distance of the CTA Pink Line, bus routes, the Loop, UIC, and the Illinois Medical District. With strong rental demand and appreciation potential in one of Forbes' "Coolest Neighborhoods," this is an opportunity investors will not want to miss.

Full Property Details for 1843 S Racine Ave

General

  • Price: $1,875,000
  • Taxes: $23,003 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12602846
  • Updated: 4/1/2026
  • Added to Site: 9 day(s) ago

Additional Information

  • Security/Safety: Fire Extinguisher(s)

Location

  • Area: CHI - Lower West Side
  • County: Cook
  • Driving Directions: Racine to 18th St, property is just south of 18th on east side of Racine.
  • Location Details: Chicago West

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Central Heat/Individual Controls

Utilities

  • Trash: 3856

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Stories/Levels: 3
  • # of Stores: 2
  • Year Built: 1884
  • Built Before 1978: Yes

Unit Information

  • Units w/Range/Oven: 7
  • # Dryers: 8

Lot Features

  • Lot Size (Sq. Ft.): 2,500
  • Lot Dimensions: 25 x 100

Financial Considerations

  • Lease Price: $71
  • Insurance Fee: $7,504
  • Operating Expenses: $42,577
  • Security Deposit: Fire Extinguisher/s
  • Assessment Year: 1884
  • Tax Amount: $23,003
  • Tax Year: 2024
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Pays Electric: 467
  • Pays Trash: 3856

Disclosures and Reports

  • Property ID: 17204070140000

Listed by Impero Properties

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— 1843 S Racine Ave —

  • Impero Properties

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NMLS#: 1598647

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NMLS#: 1598647

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

Schools serving 1843 S Racine Ave

School District:Chicago Public School District 299
NameGradesDistance
Jungman Elementary School
1746 South Miller Street, Chicago, IL 60608
PK-80.2 mi
Juarez Community Academy High School
1450 West Cermak Road, Chicago, IL 60608
9-120.5 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 1843 S Racine Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/26/2026
Listed
$1,875,000
129.08%
MLS
7/17/2019
Sold
$818,500
—
Public Record
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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 1843 S Racine Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$21,334
3%
$101,116
—
2022
$20,798
2%
$101,116
—
2021
$20,334
139%
$101,116
165%
2020
$8,491
11%
$38,116
—
2019
$7,658
2%
$38,116
—
2018
$7,529
9%
$38,116
18%
2017
$6,935
7%
$32,214
—
2016
$6,452
259%
$32,214
228%
2015
$1,799
-28%
$9,815
-27%
2014
$2,485
-73%
$13,396
-73%
2013
$9,090
1%
$49,982
—
2012
$8,969
—
$49,982
—
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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1843 S Racine Avenue, Chicago, IL 60608 (MLS# 12602846) is a Commercial property. 1843 S Racine Avenue is currently listed for $1,875,000 and was received on March 26, 2026. Want to learn more about 1843 S Racine Avenue? Do you have questions about finding other Commercial real estate for sale in Lower West Side? You can browse all Lower West Side real estate or contact a Coldwell Banker agent to request more information.

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