1109 South Racine Avenue

Closed 11/9/23
Closed 11/9/23
Gallery Image 1
Sold
Last Sold Price
$1,350,000
17 beds
1109 S Racine Ave, Chicago, IL 60607
Multi FamilyProperty Type
0.09 acresLot Size
1890Year Built
2 carsParking Spaces

Description

First time for sale in over 40 years! Big beautiful 4-level 7-unit 1880s Victorian Greystone "tower" in top location in the UIC East Campus "Little Italy" neighborhood. Steps to Taylor St. Steps to multiple CTA buses and UIC school bus. Walking distance to UIC east and west campus as well as the Illinois Medical District and UIC, Rush, Cook and West side VA hospitals as well as the UIC medical, nursing, dental and pharmacy schools. Walking distance to both blue and pink line EL trains. Easy access...First time for sale in over 40 years! Big beautiful 4-level 7-unit 1880s Victorian Greystone "tower" in top location in the UIC East Campus "Little Italy" neighborhood. Steps to Taylor St. Steps to multiple CTA buses and UIC school bus. Walking distance to UIC east and west campus as well as the Illinois Medical District and UIC, Rush, Cook and West side VA hospitals as well as the UIC medical, nursing, dental and pharmacy schools. Walking distance to both blue and pink line EL trains. Easy access to Roosevelt Rd, I-290, I-90/94 and minutes to downtown. Property is cosmetically and mechanically updated and well maintained. Room to improve existing rents $500/mo+ as well as 2-car garage for $300+/mo. Also has an 8th "in law" studio apt. This is the ultimate "armchair" property, and long term investment. Property has 100% occupancy at almost all times, due to high level location, condition and occupancy. Can be purchased as a package with 3834 S. Parnell, a jumbo 4/4/3 3-unit listed for $599,000.

    Sold By Mango Realty Group

    • Listed by: Michael Ramstedt 312.952.2894 michaelramstedt1@gmail.com • Art of Real Estate LLC
    Listing closed: 11/09/2023 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 11824548

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    Median sold price

    $1,150,000

    Avg days on market

    23

    Sale-to-list ratio

    97.8%

    Chicago, IL

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    Property Information for 1109 South Racine Avenue

    Property Details
    • Taxes: $21,117 / year
    • MLS Type: Multi Family 5+ / Flats
    • County: Cook County
    • Area: CHI - Near West Side
    • Township: West Chicago
    • Air Conditioning Type: Central Air
    • Num of Interior Fireplaces: 0
    • Zoning: MULTI
    Building Information
    • Stories: 4
    • Residences: 7
    • Year Built: 1890
    • Lot Size: 0.09 AC / 3,880 SF
    General Information
    Addtl Parking Information
    • Indoor Parking: 1-5 Spaces
    Location and General Information
    • Information: List Broker Must Accompany
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • Air Conditioning: Central Air
    • Electric: Separate Meters, Service - 101 to 200 Amps
    • # Of Washers: 1
    • Heat/Ventilation: Forced Air,Gas,Individual Furnaces
    • # Of Refrigerators: 7
    • # Of Dryers: 1
    • # Of Disposals: 7
    • Num of Baths: 7.0
    Property/Lot Information
    • Tenant Pays: Electricity, Heat
    • Built Before 1978: Yes
    • Approximate Age: New Rehab
    • Multi-Family Type: Flats
    • Lot Dimensions: 3880
    • Lot Size Square Feet: 3880.0
    • Stories: 4
    • Exterior Building Type: Brick, Stone
    • Construction: Brick, Stone
    • Roof Type: Rubber
    • Roof Structure: Flat
    • Foundation Details: Stone
    • Building Area Total: 5949
    • Lot Size Source: County Records
    • # Of Ranges: 7
    • Conversion: N
    Property and Assessments
    • Public Document Count: 0
    • Photos Count: 29
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 7
    Income & Expenses
    • Electric Expense: $.00
    • Fuel Expense: $.00
    • Gross Income: $11,275.00
    • Gross Scheduled Income: $135,300.00
    • Insurance Expense: $4,343.00
    • Maintenance Expense: $.00
    • Manager Expense: $.00
    • Electric Expense Source: Owner Projection
    • Expense Year: 2022
    • Total Annual Expense Source: Actual
    • Fuel Expense Source: Owner Projection
    • Insurance Expense Source: Actual
    • Janitor Expense: 0
    • Manager Expense Source: OP
    • Net Operating Income Year: 2022
    • Other Expense Source: Owner Projection
    • Repairs-Decor Expense Source: Owner Projection
    • Trash Expense Source: Owner Projection
    • Total Monthly Income: 11275
    • Water Expense Source: Actual
    • Net Operating Income: $106,098.00
    • Operating Expense: $27,402.00
    • Other Expense: $.00
    • Trash Expense: $.00
    • Water Sewer Expense: $1,942.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 1
    Unit 2
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 1
    Unit 3
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 3
    • Unit Type Units Total: 1
    Unit 4
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 4
    • Unit Type Units Total: 1
    Unit 5
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 5
    • Unit Type Units Total: 1
    Unit 6
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 6
    • Unit Type Units Total: 1
    Unit 7
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 7
    • Unit Type Units Total: 1

    Property History for 1109 South Racine Avenue

    DateEvent & SourcePriceAppreciation
    Nov 9, 2023

    Sold

    MRED #11824548

    		$1,350,000—
    Oct 23, 2023

    Sold (Public Record)

    Public Record #1525486905

    		$1,350,000—
    Sep 8, 2023

    Price Change

    MRED #11824548

    		$1,500,000—
    DateEvent & SourcePrice
    11/09/2023

    Sold

    MRED #11824548

    $1,350,000
    10/23/2023

    Sold (Public Record)

    Public Record #1525486905

    $1,350,000
    09/08/2023

    Price Change

    MRED #11824548

    $1,500,000

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

    Public Records for 1109 South Racine Avenue

    Taxable ValueLand$21,728Additions$92,272Total$114,000
    Tax Record2023$22,163 ($1,847 / month)
    Home Facts
    Baths6Total Finished SqFt5,949 SqFtAbove Grade Finished SqFt5,949 SqFtStories3Lot Size3,880 SqFtStyleMulti-Family Res (5+ Units)Year Built1888CountyCOOKAPN17-17-426-020

    Schools near 1109 South Racine Avenue

    This home is within Chicago Public Schools.
    Rating
    School
    Type
    Grades
    Distance
    Smyth J Elementary School
    		Public - PK to 8
    Wells Community Academy High School
    		Public - 9 to 12
    Galileo Scholastic Academy of Math & Science
    		Public - K to 8
    Chicago Academy Adv Tech High School
    		Public - 9 to 12
    Rating
    School
    Distance
    Smyth J Elementary School
    PublicPK to 8

    Wells Community Academy High School
    Public9 to 12

    Galileo Scholastic Academy of Math & Science
    PublicK to 8

    Chicago Academy Adv Tech High School
    Public9 to 12

    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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    Nearby home values

    AddressSold priceBedsBathsSqftLot (Sqft)
    This home: 1109 South Racine Avenue, Chicago, IL 60607
    $1,350,000
    17
    –
    3,880
    1111 South Racine Avenue, Chicago, IL 60607
    $60,000
    –
    2
    1,764
    3,880
    1107 South Racine Avenue, Chicago, IL 60607
    $131,000
    –
    3.5
    3,465
    3,880
    1105 South Racine Avenue, Chicago, IL 60607
    –
    –
    3
    3,177
    4,000
    1117 South Racine Avenue, Chicago, IL 60607
    –
    –
    –
    5,168
    4,000
    1101 South Racine Avenue, Chicago, IL 60607
    $250,000
    –
    4
    4,089
    4,080

    Explore Nearby Homes

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    Listing Courtesy of Art of Real Estate 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 11/09/2023 02:57 PM. 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.