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616 S Racine Avenue, Chicago, IL 60607
$2,500,000
616 S Racine Avenue, Chicago, IL 60607View this property at 616 S Racine Avenue, Chicago, IL 60607
616 S Racine AvenueChicagoIL60607
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Property Description
Newer construction 5 unit building with parking and student tenants under lease through 7/31/24. 25 total bedrooms. See rent roll under additional documents. These units stay occupied due to high demand for student housing in this neighborhood with the University of Illinois at Chicago campus so close and this property has excellent proximity to downtown Chicago and the Lakefront. This property is part of a larger portfolio of student housing properties all located in the same neighborhood.
Full Property Details
Full Property Details for 616 S Racine Ave
General
- Sold For: $2,500,000
- Taxes: $27,842 (2021)
- Status: Closed
- Type: Commercial
- MLS ID: 11868059
- Added to Site: 206 day(s) ago
Location
- Area: CHI - Near West Side
- County: Cook
- Driving Directions: Roosevelt to Racine N to property
Heating & Cooling
- Heating Type: Central Heat/Individual Controls
Structural Information
- Stories/Levels: 5
- Year Built: 2019
Lot Features
- Lot Dimensions: 25 x 120
Financial Considerations
- Operating Expenses: $12,236
- Assessment Year: 2019
- Tax Amount: $27,842
- Tax Year: 2021
Disclosures and Reports
- Property ID: 17173080150000
Listed by Baird & Warner
Sold by Extreme Realty LLC
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Schools
Schools serving 616 S Racine Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1059 W 13th St, Chicago, IL 60608 | PK-8 | 0.6 mi | |
936 N Ashland Ave, Chicago, IL 60622 | 9-12 | 1.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 616 S Racine Ave
Date
Details
Price
Change
Source
4/23/2024
Sold
$2,500,000
—
MLS
11/20/2023
Price Reduced
$2,500,000
-7.41%
MLS
10/05/2023
Listed
$2,700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
616 S Racine Avenue, Chicago, IL 60607 (MLS# 11868059) is a Commercial property that was sold at $2,500,000 on April 23, 2024. Want to learn more about 616 S Racine Avenue? Do you have questions about finding other Commercial real estate for sale in Near West Side? You can browse all Near West Side real estate or contact a Coldwell Banker agent to request more information.