Date
Details
Price
Change
Source
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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$74,900 Contingent
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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
- Price: $74,900
- Taxes: $323 (2023)
- Status: Contingent
- Type: Single Family
- Source: MRED
- MLS ID: 12538330
- Updated: 1/9/2026
- Added to Site: 20 day(s) ago
Interior
- Basement: Finished, F
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
- Township: South Chicago
- Driving Directions: South of Racine Avenue and 52nd Street
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- 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
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: Standard
- Property ID: 20084080180000
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— 5245 S Racine Ave —
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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
Tax History
Tax History for 5245 S Racine Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$323
17%
$7,499
—
2022
$276
100%
$7,499
—
2021
-100%
$7,499
34%
2020
$552
-3%
$5,581
-11%
2019
$571
2%
$6,271
—
2018
$560
-58%
$6,271
-35%
2017
$1,346
-6%
$9,626
—
2016
$1,428
11%
$9,626
—
2015
$1,283
8%
$9,626
7%
2014
$1,192
51%
$8,995
—
2013
$788
-32%
$8,995
—
2012
$1,166
—
$8,995
—
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 5245 S Racine Ave
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- Single Family
- Active
- Updated 3 days ago
- 2Beds
- 2Total Baths
- 990Sq. Ft.
- Single Family
- Active
- Updated 8 days ago
- 3Beds
- 1Total Bath
- 1,200Sq. Ft.
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- Single Family
- Active
- Updated 3 days ago
- 6Beds
- 2Total Baths
- 1,400Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 1Total Bath
- 1,110Sq. Ft.
- Single Family
- Active
- Updated 14 hours ago
- 3Beds
- 2Total Baths
- 1,195Sq. Ft.
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- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 2Total Baths
- 1,700Sq. Ft.
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- Single Family
- Closed
- Updated 4 days ago
- 2Beds
- 1Total Bath
- 1,200Sq. Ft.
5245 S Racine Avenue, Chicago, IL 60609 (MLS# 12538330) is a Single Family property with 2 bedrooms, 1 full bathroom and 1 partial bathroom. 5245 S Racine Avenue is currently listed for $74,900 and was received on December 30, 2025. 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.