1838 S Racine Ave

Chicago, IL 60608

$865,000
Last Sold Price
8
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Closed 9/19/25
Closed 9/19/25
a front view of a house with a porch
a view of a kitchen with a sink and refrigerator
a kitchen with stainless steel appliances a refrigerator stove and microwave
a kitchen with a refrigerator and a stove top oven
a view of an empty room with a window and wooden floor
an empty room with wooden floor and windows
wooden floor in an empty room with a window
a view of empty room with wooden floor
a bathroom with a sink and mirror
a kitchen with stainless steel appliances granite countertop a stove a sink and a refrigerator
a view of a room with wooden floor and a ceiling fan
a kitchen with a stove and a refrigerator
a view of an empty room with wooden floor and a window
a view of a backyard
unknown

Description

1838 S Racine Ave is a fully renovated four-unit multifamily property located in the heart of East Pilsen-one of Chicago's most culturally vibrant and rapidly appreciating neighborhoods. Offering a strong 7.8% in-place cap rate, this asset is just off 18th Street and surrounded by award-winning dining, art, and community energy. In fact, Pilsen has been recognized as one of the coolest neighborhoods in the world, celebrated for its rich culture, dynamic food scene, and thriving art galleries. It's...1838 S Racine Ave is a fully renovated four-unit multifamily property located in the heart of East Pilsen-one of Chicago's most culturally vibrant and rapidly appreciating neighborhoods. Offering a strong 7.8% in-place cap rate, this asset is just off 18th Street and surrounded by award-winning dining, art, and community energy. In fact, Pilsen has been recognized as one of the coolest neighborhoods in the world, celebrated for its rich culture, dynamic food scene, and thriving art galleries. It's the only Chicago neighborhood to earn this global recognition, underscoring its distinct character and widespread appeal. The property features two three-bedroom, one-bath units and two one-bedroom, one-bath units, all of which were fully renovated in 2018. Renovations include modern kitchens with Samsung stainless steel appliances, granite countertops, updated cabinets, gas ranges, and French-door refrigerators with pull-out freezers. Each unit offers full-size in-unit laundry, updated bathrooms, new flooring, and individual HVAC systems with central heat. The building also benefits from a tear-off roof replacement in 2014 and newer windows installed in 2002. Interiors are bright and welcoming, with wood laminate flooring throughout, spacious queen-sized bedrooms with walk-in closets, and open-concept living and dining areas. Select units include window A/C units for added comfort. Residents enjoy private access to a shared backyard-perfect for relaxing outdoors-and the convenience of two parking spaces in the rear, including one garage and one surface spot. Located within walking distance to popular spots like La Luna, Pilsen Yards, and Rabbanitos, and just over a mile from UIC, the property boasts a Walk Score of 97-making it a true "Walker's Paradise." Divvy bike stations, CTA stops, and proximity to downtown further enhance connectivity and rental demand. The building is fully leased through 2026 with excellent in-place rents and responsible tenants. Tenants pay for gas, electricity, and internet, while the owner covers water, trash, sewer, and recycling. This is a turnkey investment opportunity in one of the most exciting neighborhoods Chicago has to offer-with both cash flow stability and long-term upside.

Listing Agent

  1. Vilgert Kostaqi

    Vilgert Kostaqi

    Listing Agent

    Coldwell Banker Realty

    P: (312)-776-9055

    CallText

Sold By Keller Williams ONEChicago

Property Details for 1838 South Racine Avenue

Area
CHI - Lower West Side
Township
West Chicago
Ownership
Fee Simple
Num Of Garage Spaces
1.0
Num Of Parking Spaces
1.0
Heat/Fuel
Natural Gas
LISTING CLOSED: 09/19/2025 12:00 AM

Property Details for 1838 South Racine Avenue

StatusClosed
MLS #12433143
Days on Market9
Taxes$10,790 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1888
Lot Size0.07 AC / 3,125 SF
CountyCook County
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Location

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Building Information for 1838 South Racine Avenue

Stories-Residences4Year Built1888Building Size-Lot Size0.07 AC / 3,125 SF

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$5,296 per month

30 year fixed, 6.55% Interest

Principal and Interest

$4,397

Property Taxes

$899

HOA Dues

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Property Information for 1838 South Racine Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking Details: Garage Door Opener, On Site, Garage Owned, Detached, Garage
Property Information
Interior Features
  • Num Of Rooms: 36
  • Bedrooms Total: 8
  • Bedrooms (Below Grade): 0
  • Basement Type: None
  • Bedrooms Possible: 8
  • Basement Bathrooms: No
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 4.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2018
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 25X125
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding
  • Construction: Vinyl Siding
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 1800
  • East Coordinate: 0
  • West Coordinate: 1838
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 16
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $87,000.00
  • Insurance Expense: $1,560.00
  • Maintenance Expense: $1,200.00
  • Electric Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Other Addl Income: Garage/s
  • Repairs-Decor Expense Source: Owner Projection
  • Trash Expense Source: Actual
  • Water Expense Source: Actual
  • Net Operating Income: $80,000.00
  • Professional Management Expense: $1,200.00
  • Trash Expense: $.00
  • Water Sewer Expense: $2,449.00
  • Other Expenses $: 1200
Unit 1
  • Unit Type Actual Rent: $1,400.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 06/26
Unit 2
  • Unit Type Actual Rent: $1,575.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 03/26
Unit 3
  • Unit Type Actual Rent: $2,150.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 03/26
Unit 4
  • Unit Type Actual Rent: $2,100.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 4
  • Lease Expiration Date: 03/26

Property History for 1838 South Racine Avenue

DateEvent & SourcePriceAppreciation
Sep 19, 2025

Sold

MRED #12433143

$865,000—
Sep 3, 2025

Sold (Public Record)

Public Record #1918107707

$865,000

+9.3% / yr

Aug 7, 2025

Pending

MRED #12433143

—
DateEvent & SourcePrice
09/19/2025

Sold

MRED #12433143

$865,000
09/03/2025

Sold (Public Record)

Public Record #1918107707

$865,000

+9.3% / yr

08/07/2025

Pending

MRED #12433143

—

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

Public Records for 1838 South Racine Avenue

Taxable ValueLand$11,563Additions$45,438Total$57,001
Tax Record2023$10,760 ($897 / month)
Home Facts
Baths4Total Finished SqFt3,400 SqFtAbove Grade Finished SqFt3,400 SqFtStories2Lot Size3,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1891CountyCOOKAPN17-20-316-036

Schools near 1838 South Racine Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Perez Elementary School
Public - PK to 8
Juarez Community Academy High School
Public - 9 to 12
Chicago Academy Adv Tech High School
Public - 9 to 12
Acero Charter - Bartolome De Las Casas
Charter - K to 8
Rating
School
Distance
Perez Elementary School
PublicPK to 8

Juarez Community Academy High School
Public9 to 12

Chicago Academy Adv Tech High School
Public9 to 12

Acero Charter - Bartolome De Las Casas
CharterK 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.

Neighborhood Map and Transit

Similar Homes

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
1834 South Racine Avenue, Chicago, IL 60608
$437,000
7
–
10,890
1840 South Racine Avenue, Chicago, IL 60608
$240,000
–
7,500
3,125
1832 South Racine Avenue, Chicago, IL 60608
$255,000
–
4,428
3,000
1842 South Racine Avenue, Chicago, IL 60608
–
–
2,478
3,125
1844 South Racine Avenue, Chicago, IL 60608
–
–
4
5,922
3,125

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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 Coldwell Banker Realty

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 09/19/2025 06:08 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.