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$260,000 Contingent

  • For Sale
  • Contingent
  • Multi-Family
  • 4 Total Beds
  • Updated 5 days ago
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2 flat features large apartments, 4 bedrooms, 2 bathrooms including a full, unfinished basement with 4 parking spaces. Perfect for an owner occupied buyer, or investor looking for cash flow. For an owner occupied buyer this building would be cheaper than paying rent since the income covers a portion of the mortgage and expenses.

Full Property Details for 4942 S Racine Ave

General

  • Price: $260,000
  • Taxes: $1,594 (2023)
  • Status: Contingent
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12600280
  • Updated: 3/30/2026
  • Added to Site: 11 day(s) ago

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Upper - Full Baths: 2

Bedrooms

  • Total Bedrooms: 4

Parking

  • Total Spaces: 4
  • Parking Features: Yes, Other

Location

  • Area: CHI - New City
  • County: Cook
  • Township: South Chicago
  • Driving Directions: RACINE (1200W) NORTH OR SOUTH TO PROPERTY (4942S)

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Heating & Cooling

  • Heating Type: Natural Gas, Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Construction: Aluminum Siding, Vinyl Siding, Steel Siding, Brick
  • Exterior Const.: Aluminum Siding, Vinyl Siding, Steel Siding, Brick
  • Basement: Yes
  • Basement Desc.: Unfinished, Full
  • Year Built: 1914
  • Built Before 1978: Yes
  • Remodeled/Updated: 2018

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 25 x 125
  • Zoning: MULTI

Financial Considerations

  • Assessment Year: 1914
  • Tax Amount: $1,594
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 20081230420000

Listed by Equity Realty

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— 4942 S Racine Ave —

  • Equity Realty

  • Equity Realty

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Find the right home insurance for your new home!

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Request a Quote

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

Schools serving 4942 S Racine Ave

School District:Chicago Public School District 299
NameGradesDistance
Hamline Elementary School
4747 South Bishop Street, Chicago, IL 60609
K-80.4 mi
Richards Career Academy High School
5009 South Laflin Street, Chicago, IL 60609
9-120.4 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 4942 S Racine Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/24/2026
Listed
$260,000
3150%
MLS
5/11/2009
Sold
$8,000
—
Public Record
Get Price Alerts and Save Property
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 4942 S Racine Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,594
3%
$7,555
—
2022
$1,554
2%
$7,555
—
2021
$1,519
17%
$7,555
29%
2020
$1,300
-4%
$5,836
-13%
2019
$1,348
2%
$6,709
—
2018
$1,325
-43%
$6,709
-38%
2017
$2,326
7%
$10,807
—
2016
$2,165
9%
$10,807
—
2015
$1,980
4%
$10,807
6%
2014
$1,896
2%
$10,220
—
2013
$1,859
1%
$10,220
—
2012
$1,834
—
$10,220
—
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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4942 S Racine Avenue, Chicago, IL 60609 (MLS# 12600280) is a Multi-Family property with 2 units containing 4 bedrooms and 0 full bathrooms. 4942 S Racine Avenue is currently listed for $260,000 and was received on March 24, 2026. Want to learn more about 4942 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.

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