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$134,900
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Property Description
Located in the highly sought after back of the yards community this jumbo two-unit building offers a pivot opportunity to a savvy buyer! Renovate the building, add value and live in one unit while renting the other out or use this as a straight investment property by renting both units while adding value, either way this is a win win situation! The building offers great size in both units with formal living room that features eastern exposure where tons of natural light shines in and flows effortlessly to a formal dining room! There are two bedrooms on the first-floor unit with three bedrooms on the second-floor unit. The basement is unfinished and can be duplexed into the main level unit while adding tons of equity upside! Having a deep lot with a two car garage is an added plus as well as being so close to the red line and Dan Ryan! Do not overlook the upside on this building in a market where you will rarely find value add multi units!
Full Property Details
Full Property Details for 4734 S Racine Ave
General
- Price: $134,900
- Taxes: $745 (2023)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12662042
- Updated: 6/8/2026
- Added to Site: 15 day(s) ago
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 2
- Upper - Full Baths: 2
Bedrooms
- Total Bedrooms: 5
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Garage Owned, Detached, Garage
Location
- Area: CHI - New City
- County: Cook
- Township: Lake
- Driving Directions: 47th St East of Dan Ryan to Racine south to the property
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Construction: Aluminum Siding, Frame
- Exterior Const.: Aluminum Siding, Frame
- Basement: Yes
- Basement Desc.: Unfinished, Full
- Year Built: 1888
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Standard Chicago Lot
- Lot Dimensions: 3000
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1888
- Tax Amount: $745
- Tax Year: 2023
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: REO/Lender Owned
- Property ID: 20081070390000
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Schools
Schools serving 4734 S Racine Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Hamline Elementary School 4747 South Bishop Street, Chicago, IL 60609 | K-8 | 0.3 mi |
Tilden Career Communty Academy High School 4747 South Union Avenue, Chicago, IL 60609 | 9-12 | 0.7 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 4734 S Racine Ave
Date
Details
Price
Change
Source
5/29/2026
Listed
$134,900
—
MLS
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
Tax History for 4734 S Racine Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$745
—
$15,000
58%
2023
$745
8%
$9,500
—
2022
$688
-2%
$9,500
—
2021
$705
129%
$9,500
36%
2020
$308
-21%
$6,967
-14%
2019
$388
2%
$8,102
—
2018
$379
-66%
$8,102
-50%
2017
$1,107
-27%
$16,091
—
2016
$1,517
-49%
$16,091
—
2015
$2,949
104%
$16,091
29%
2014
$1,446
—
$12,484
—
2013
$1,451
23%
$12,484
—
2012
$1,183
—
$12,484
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4734 S Racine Ave
4734 S Racine Avenue, Chicago, IL 60609 (MLS# 12662042) is a Multi-Family property with 2 units containing 5 bedrooms and 0 full bathrooms. 4734 S Racine Avenue is currently listed for $134,900 and was received on May 29, 2026. Want to learn more about 4734 S Racine Avenue? Do you have questions about finding other Multi-Family real estate for sale in New City? You can browse all New City real estate or contact a Coldwell Banker agent to request more information.

