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$384,900

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
See This Home
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Fantastic opportunity to build equity and expand your portfolio with this spacious multi-unit property in the Back of the Yards neighborhood! This property features 3 units: The first-floor unit boasts high ceilings, 4 generously sized bedrooms, a full bath, an eat-in kitchen, a spacious living room and a month-to-month tenant. The second-floor front unit includes 2 bedrooms, a full bath, a kitchen with granite countertops, new cabinets, and a living room. The second-floor rear unit offers 2 bedrooms, a full bath, an eat-in kitchen with granite countertops, newer cabinets, and laminate flooring. All units have their own forced air furnaces. Additional highlights include a large rear slab, perfect for exterior parking. Conveniently located near schools, parks, shopping, public transportation, and with easy access to the highway, this property is a smart investment!

Full Property Details for 5029 S Racine Ave

General

  • Price: $384,900
  • Taxes: $2,531 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12254220
  • Updated: 6/18/2025
  • Added to Site: 405 day(s) ago

Rental Information

  • Complex Features: Park, Sidewalks, Street Lights, Street Paved

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Upper - Full Baths: 3

Bedrooms

  • Total Bedrooms: 8

Additional Information

  • Other Features: School Bus Service, Commuter Bus, Commuter Train, Interstate Access

Parking

  • Total Spaces: 4
  • Parking Features: Driveway, Alley Access, On Site, Owned
  • Parking On-Site: Yes

Location

  • Area: CHI - New City
  • County: Cook
  • Township: Lake
  • Subdivision: Back of the Yards
  • Driving Directions: Head west on W 47th St, Turn left onto S Racine Ave -- Destination will be on the left.

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, Sep Heating Systems - 2+, Individual Controls

Utilities

  • Sewer: Storm Sewer
  • Water: Lake Michigan

Structural Information

  • Architectural Info: Brownstone
  • Architectural Style: Brownstone
  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Unfinished, Partial
  • Foundation: Brick/Mortar, Stone
  • Roof: Asphalt, Flat
  • Year Built: 1896
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 3

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.15
  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 25 x 121
  • Lot Features: Common Grounds
  • Zoning: MULTI

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1896
  • Tax Amount: $2,531.91
  • Tax Year: 2023
  • Pays Sewer: Storm Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 20082140110000

Listed by RE/MAX Partners

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— 5029 S Racine Ave —

  • RE/MAX Partners

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

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

Schools serving 5029 S Racine Ave

School District:Chicago Public School District 299
NameGradesDistance
Sherman School of Excellence
1000 West 52nd Street, Chicago, IL 60609
PK-80.3 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 5029 S Racine Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/14/2025
Price Reduced
$384,900
-3.75%
MLS
4/08/2025
Price Reduced
$399,900
-4.76%
MLS
12/10/2024
Listed
$419,900
170.9%
MLS
4/08/2024
Sold
$155,000
—
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 5029 S Racine Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,532
3%
$12,000
—
2022
$2,468
2%
$12,000
—
2021
$2,413
39%
$12,000
54%
2020
$1,738
-4%
$7,801
-13%
2019
$1,802
2%
$8,967
—
2018
$1,771
-51%
$8,967
-47%
2017
$3,612
8%
$16,778
—
2016
$3,360
9%
$16,778
—
2015
$3,074
44%
$16,778
46%
2014
$2,139
2%
$11,528
—
2013
$2,097
1%
$11,528
—
2012
$2,069
—
$11,528
—
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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5029 S Racine Avenue, Chicago, IL 60609 (MLS# 12254220) is a Multi-Family property with 3 units containing 8 bedrooms and 0 full bathrooms. 5029 S Racine Avenue is currently listed for $384,900 and was received on December 10, 2024. Want to learn more about 5029 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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