1946 S Racine Avenue, Chicago, IL 60608 - Photo 1

1/1

$2,453,000

Sold
Closed
Commercial
12,168 Sq. Ft.

1/1

Property Description

Large brick 10 unit in Chicago's East Pilsen neighborhood. Complete gut renovation completed in 2017-18. 100% tenant occupied and generates over $250K in annual gross rental income. At the time of renovations, the building was taken down to the brick walls and new open floor plans were created. Flooring, windows, roof, electrical, plumbing, all mechanical systems, etc., were all updated at that time. Condo quality units feature large bedrooms, open layouts, white kitchens with quartz counters, all S.S. appliances, in-unit washer & dryer in all units, and modern white/gray finishes. The building sits on an oversized lot with 3 parking spots in the rear and a full basement for potential additional storage. Great mix of 1BR, 2BR, & 3BR units. Highly desirable location in Pilsen!

Full Property Details

Full Property Details for 1946 S Racine Ave

General

Sold For: $2,453,000
Taxes: $22,422 (2023)
Status: Closed
Type: Commercial
Source: MRED
MLS ID: 12438463
Added to Site: 183 day(s) ago

Location

Area: CHI - Lower West Side
County: Cook
Driving Directions: 18th & Racine, South to 1946 on West Side of the Street.

Heating & Cooling

Cooling Type: Central Air Conditioning, Central Individual
Heating Type: Central Heat/Individual Controls, Forced Air, Gas

Structural Information

Construction: Brick
Exterior Const.: Brick
Basement Desc.: Unfinished
Foundation: Block, Brick/Mortar, Concrete Perimeter
Roof: Membrane, Reflective Coating, Rubber
Stories/Levels: 4
Square Feet: 12,168
Current Bldg. Use: Multi-Family
Year Built: 1889
Built Before 1978: Yes

Unit Information

Units w/Refrigerators: 10
Units w/Range/Oven: 10
# Dryers: 10

Lot Features

Lot Dimensions: 33 x 126
Potential Use: Multi-Family
Zoning: MULTI

Financial Considerations

Operating Expenses: $55,360
Assessment Year: 1889
Tax Amount: $22,422
Tax Year: 2023
Tenant Pays: Air Conditioning, Electricity, Heat

Disclosures and Reports

Property ID: 17203260370000

Listed by Coldwell Banker Real Estate Group
Sold by @properties Christie's International Real Estate

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Schools

Schools serving 1946 S Racine Ave

School District:Chicago Public School District 299

Name	Grades	Distance
Perez Elementary School 1241 West 19th Street, Chicago, IL 60608	PK-8	0.1 mi
Juarez Community Academy High School 1450 West Cermak Road, Chicago, IL 60608	9-12	0.4 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1946 S Racine Ave

Date

Details

Price

Change

Source

1/30/2026

Sold

$2,453,000

-5.62%

MLS

8/20/2025

Listed

$2,599,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1946 S Racine Avenue, Chicago, IL 60608 (MLS# 12438463) is a Commercial property that was sold at $2,453,000 on January 30, 2026. Want to learn more about 1946 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.

1946 S Racine Ave Chicago, IL 60608