Sold
Last Sold Price
19 beds
1039 S Racine Ave, Chicago, IL 60607
Multi FamilyProperty Type
0.09 acresLot Size
1900Year Built
2 carsParking Spaces

Description

Excellent 6 unit residential apartment building located in Little Italy UIC neighborhood. Building is in very good condition, newer rear porch, and roof repairs finished before marketing. Full unfinished walk-out basement with coin operated washer/dryer, individual metered electric & gas utilities. Hardwood floors, remodeled kitchens. This is a great opportunity for investor and easy to lease and self manage.Excellent 6 unit residential apartment building located in Little Italy UIC neighborhood. Building is in very good condition, newer rear porch, and roof repairs finished before marketing. Full unfinished walk-out basement with coin operated washer/dryer, individual metered electric & gas utilities. Hardwood floors, remodeled kitchens. This is a great opportunity for investor and easy to lease and self manage.

    Sold By HomeSmart Realty Group

    • Listed by: William Altier 312.735.3124 bill@altierteam.com • New West Realty LLC
    Listing closed: 10/30/2019 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 10573684

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    Property Taxes

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    Property Information for 1039 South Racine Avenue

    Property Details
    • Taxes: $12,861 / year
    • MLS Type: Multi Family 5+ / Flats
    • County: Cook County
    • Area: CHI - Near West Side
    • Township: West Chicago
    • Air Conditioning Type: None
    • Zoning: MULTI
    Building Information
    • Stories: 3
    • Residences: 6
    • Year Built: 1900
    • Lot Size: 0.09 AC / 3,840 SF
    General Information
    Location and General Information
    • Frontage Type: City Street
    • Information: 48-Hr Notice Required,No Sign on Property
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • Air Conditioning: None
    • Electric: Circuit Breakers
    • # Of Washers: 1
    • Basement Description: Slab
    • Heat/Ventilation: Forced Air,Gas,Separate Per Unit
    • # Of Refrigerators: 6
    • Misc Inside: Laundry Room
    • # Of Dryers: 1
    • Num of Baths: 0.0
    Exterior Features
    • Misc Outside: Security Gate,Storms and Screens (as exist)
    Utilities / Equipment
    • Utilities: Sanitary Sewer, Water-Municipal
    Property/Lot Information
    • Owners Association: No
    • Tenant Pays: Electricity, Heat, Hot Water
    • Built Before 1978: Yes
    • Approximate Age: Older
    • Multi-Family Type: Flats
    • Lot Dimensions: 24X160
    • Lot Size Square Feet: 3840.0
    • Stories: 3
    • Exterior Building Type: Brick, Stone
    • Construction: Brick, Stone
    • Fire Protection: Smoke or Fire Protectors,Carbon Monoxide Detector(s)
    • Roof Structure: Flat
    • Foundation Details: Concrete Perimeter, Stone
    • Building Area Total: 6818
    • # Of Ranges: 6
    Property and Assessments
    • Possible Use: Multi-Family
    • Public Document Count: 0
    • Photos Count: 4
    Miscellaneous
    • Current Use: Multi-Family
    • Location: Public Transport Avail
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 6
    Income & Expenses
    • Electric Expense: $600.00
    • Fuel Expense: $1,613.00
    • Gross Income: $131,849.00
    • Gross Scheduled Income: $136,850.00
    • Insurance Expense: $1,904.00
    • Maintenance Expense: $3,700.00
    • Manager Expense: $6,963.00
    • Electric Expense Source: Actual
    • Expense Year: 2017
    • Total Annual Expense Source: Actual
    • Fuel Expense Source: Actual
    • Insurance Expense Source: Actual
    • Janitor Expense: 4980
    • Manager Expense Source: AC
    • Net Operating Income Year: 2017
    • Other Expense Source: Broker Projection
    • Repairs-Decor Expense Source: Actual
    • Trash Expense Source: Actual
    • Total Monthly Income: 10987
    • Water Expense Source: Actual
    • Net Operating Income: $84,925.00
    • Operating Expense: $51,926.00
    • Other Expense: $9,000.00
    • Trash Expense: $2,257.00
    • Water Sewer Expense: $2,653.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 4
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 1
    • # Of Rooms - Unit 1: 6
    • # Of Full Bthrms - Type 1: 1
    • Monthly Income - 1: 2200
    Unit 2
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 2
    • # Of Rooms - Unit 2: 5
    • # Of Full Bthrms - Type 2: 1
    • Monthly Income - 2: 2100
    Unit 3
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 3
    • Unit Type Units Total: 3
    • # Of Rooms - Unit 3: 5
    • # Of Full Bthrms - Type 3: 1
    • Monthly Income - 3: 1800
    • Monthly Income Max - 3: 2100
    Unit 4
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 4
    • Unit Type Units Total: 0
    • # Of Rooms - Unit 4: 0
    • Monthly Income - 4: 0
    Unit 5
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 5
    • Unit Type Units Total: 0
    • # Of Rooms - Unit 5: 0
    • Monthly Income - 5: 0
    Unit 6
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 6
    • Unit Type Units Total: 0
    • Monthly Income - 6: 0
    Unit 7
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 7
    • Unit Type Units Total: 0
    • # Of Rooms - Unit 7: 0
    • Monthly Income - 7: 0

    Property History for 1039 South Racine Avenue

    DateEvent & SourcePriceAppreciation
    Oct 30, 2019

    Sold (Public Record)

    Public Record #656079468

    $1,430,000—
    Oct 30, 2019

    Sold

    MRED #10573684

    $1,430,000—
    Sep 26, 2019

    Pending

    MRED #10573684

    —
    DateEvent & SourcePrice
    10/30/2019

    Sold (Public Record)

    Public Record #656079468

    $1,430,000
    10/30/2019

    Sold

    MRED #10573684

    $1,430,000
    09/26/2019

    Pending

    MRED #10573684

    —

    For completeness, we often displays two records for one sale: the MLS record and the public record.

    Public Records for 1039 South Racine Avenue

    Taxable ValueLand$21,504Additions$109,496Total$131,000
    Tax Record2023$30,275 ($2,523 / month)
    Home Facts
    Baths6Total Finished SqFt6,483 SqFtAbove Grade Finished SqFt6,483 SqFtStories3Lot Size3,840 SqFtStyleMulti-Family Res (5+ Units)Year Built1903Year Renovated1905ZoningRT-4CountyCOOKAPN17-17-426-016-0000

    Schools near 1039 South Racine Avenue

    This home is within Chicago Public Schools.
    Rating
    School
    Type
    Grades
    Distance
    Public - PK to 8
    Public - 9 to 12
    Public - K to 8
    Public - K to 8
    Rating
    School
    Distance
    Smyth J Elementary School
    PublicPK to 8

    Wells Community Academy High School
    Public9 to 12

    STEM Magnet Academy Elementary
    PublicK to 8

    School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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    No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

    Listing Courtesy of New West Realty LLC

    Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 05/05/2021 08:34 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.