5245 S Racine Avenue, Chicago, IL 60609 - Photo 1

1/1

$87,000

Sold
Closed
Single Family
2 Beds
1 Full Bath
1 Partial Bath
903 Sq. Ft.
2 Car Garage

1/1

Property Description

Unlock value and long term upside with this strategically located investment property in the heart of Chicago's South Side. Situated in the New City / Back of the Yards area this home presents a strong value add opportunity for investors seeking appreciation redevelopment potential or long term portfolio growth. A brand new roof has already been completed removing a major capital expense and adding immediate value for the next owner a significant advantage for investors planning renovations or long term holds. Bring your vision run the numbers and capitalize on an opportunity in an established Chicago neighborhood with strong long term potential.

Full Property Details

Full Property Details for 5245 S Racine Ave

General

Sold For: $87,000
Taxes: $323 (2023)
Status: Closed
Type: Single Family
Source: MRED
MLS ID: 12538330
Added to Site: 68 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 1
Half Bathrooms: 1

Bedrooms

Total Bedrooms: 2

Parking

Garage: Yes
Garage Spaces: 2
Total Spaces: 2
Parking Features: Yes, Detached, Garage

Location

Area: CHI - New City
County: Cook
Driving Directions: South of Racine Avenue and 52nd Street

School Information

School District: 299
Midd School District: 299

Community

Assoc. Fees Include: None

Heating & Cooling

Cooling Type: None
Heating Type: Forced Air

Utilities

Water: Lake Michigan, Public

Structural Information

Construction: Brick
Exterior Const.: Brick
Basement Desc.: Finished, Full
Square Feet: 903
Sq. Ft. Source: Estimated
Year Built: 1895
Built Before 1978: Yes

Lot Features

Lot Size Range: Less than .25 Acre
Lot Dimensions: 3125

Financial Considerations

Parking Included: Yes
Assessment Year: 1895
Tax Amount: $323
Tax Year: 2023

Disclosures and Reports

Ownership: Fee Simple
Special Conditions: Short Sale
Property ID: 20084080180000

Listed by Real Broker LLC
Sold by Keller Williams Preferred Realty

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Listing agent

— 5245 S Racine Ave —

Real Broker LLC

(312) 282-5652

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Schools

Schools serving 5245 S Racine Ave

School District:Chicago Public School District 299

Name	Grades	Distance
Sherman School of Excellence 1000 West 52nd Street, Chicago, IL 60609	PK-8	0.2 mi
Tilden Career Communty Academy High School 4747 South Union Avenue, Chicago, IL 60609	9-12	0.9 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 5245 S Racine Ave

Date

Details

Price

Change

Source

1/28/2026

Sold

$87,000

16.15%

MLS

12/30/2025

Listed

$74,900

—

MLS

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

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5245 S Racine Avenue, Chicago, IL 60609 (MLS# 12538330) is a Single Family property that was sold at $87,000 on January 28, 2026. Want to learn more about 5245 S Racine Avenue? Do you have questions about finding other Single 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.

5245 S Racine Ave Chicago, IL 60609