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$1,850,000
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Property Description
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
Full Property Details for 1843 S Racine Ave
General
- Sold For: $1,850,000
- Taxes: $23,003 (2024)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12602846
- Added to Site: 140 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
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
- 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
Disclosures and Reports
- Property ID: 17204070140000
Listed by Impero Properties
Sold by @properties Christie's International Real Estate
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Schools
Schools serving 1843 S Racine Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Jungman Elementary School 1746 South Miller Street, Chicago, IL 60608 | PK-8 | 0.2 mi |
Juarez Community Academy High School 1450 West Cermak Road, Chicago, IL 60608 | 9-12 | 0.5 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
Date
Details
Price
Change
Source
7/24/2026
Sold
$1,850,000
-1.33%
MLS
3/26/2026
Listed
$1,875,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1843 S Racine Avenue, Chicago, IL 60608 (MLS# 12602846) is a Commercial property that was sold at $1,850,000 on July 24, 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.

