1946 S Racine Ave

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Large brick 10 unit in Chicago's East Pilsen neighborhood. Complete gut renovation completed in 2017-18. 100% tenant occupied and generates over $250K in annual gross rental income. At the time of renovations, the building was taken down to the brick walls and new open floor plans were created. Flooring, windows, roof, electrical, plumbing, all mechanical systems, etc., were all updated at that time. Condo quality units feature large bedrooms, open layouts, white kitchens with quartz counters, all...Large brick 10 unit in Chicago's East Pilsen neighborhood. Complete gut renovation completed in 2017-18. 100% tenant occupied and generates over $250K in annual gross rental income. At the time of renovations, the building was taken down to the brick walls and new open floor plans were created. Flooring, windows, roof, electrical, plumbing, all mechanical systems, etc., were all updated at that time. Condo quality units feature large bedrooms, open layouts, white kitchens with quartz counters, all S. S. appliances, in-unit washer & dryer in all units, and modern white/gray finishes. The building sits on an oversized lot with 3 parking spots in the rear and a full basement for potential additional storage. Great mix of 1BR, 2BR, & 3BR units. Highly desirable location in Pilsen!
  1. Listed by Brian Ruff • Coldwell Banker Real Estate Group
    P: (773)-720-2651 brian@coldwellhomes.com

Property Details for 1946 South Racine Avenue

Area
CHI - Lower West Side
Township
West Chicago
Air Conditioning Type
Central Air, Central Individual
Zoning
MULTI
LISTING CLOSED: 01/30/2026 12:00 AM

Property Details for 1946 South Racine Avenue

StatusClosed
MLS #12438463
Days on Market29
Taxes$22,422 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1889
Lot Size0.10 AC / 4,158 SF
CountyCook County
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Building Information for 1946 South Racine Avenue

Stories4Residences10Year Built1889Building Size-Lot Size0.10 AC / 4,158 SF

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$14,337 per month

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Principal and Interest

$12,468

Property Taxes

$1,869

HOA Dues

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Property Information for 1946 South Racine Avenue

General Information
Location and General Information
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Basement Type: Unfinished
  • Air Conditioning: Central Air, Central Individual
  • Electric: Circuit Breakers, Separate Meters
  • # Of Washers: 10
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas
  • # Of Refrigerators: 10
  • Washer/Dryer Lsd: No
  • # Of Dryers: 10
  • # Of Dishwashers: 10
  • Num of Baths: 14.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Multi-Family Type: Flats
  • Lot Dimensions: 33X126
  • Stories: 4
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Membrane, Reflective Coating, Rubber
  • Foundation Details: Block, Brick/Mortar, Concrete Perimeter
  • Building Area Total: 12168
  • # Of Ranges: 10
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 1
  • Document Date: 2025-08-05T19:24:34
  • Photos Count: 24
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Curbs and Gutters,Sidewalks
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 10
Income & Expenses
  • Electric Expense: $1,447.00
  • Fuel Expense: $.00
  • Gross Income: $250,308.00
  • Gross Scheduled Income: $250,308.00
  • Insurance Expense: $5,207.00
  • Maintenance Expense: $7,970.00
  • Manager Expense: $4,843.00
  • Expense Year: 2024
  • Janitor Expense: 2100
  • Total Monthly Income: 20859
  • Net Operating Income: $194,948.00
  • Operating Expense: $55,360.00
  • Other Expense: $4,480.00
  • Trash Expense: $1,891.00
  • Water Sewer Expense: $5,000.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 4
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 4
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 1946 South Racine Avenue

DateEvent & SourcePriceAppreciation
Jan 30, 2026

Sold

MRED #12438463

$2,453,000
Jan 20, 2026

Sold (Public Record)

Public Record #1927922470

$2,453,000

+10.2% / yr

Sep 17, 2025

Pending

MRED #12438463

DateEvent & SourcePrice
01/30/2026

Sold

MRED #12438463

$2,453,000
01/20/2026

Sold (Public Record)

Public Record #1927922470

$2,453,000

+10.2% / yr

09/17/2025

Pending

MRED #12438463

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

Public Records for 1946 South Racine Avenue

Taxable ValueLand$16,632Additions$134,068Total$150,700
Tax Record2023$22,422 ($1,869 / month)
Home Facts
Total Finished SqFt1,400 SqFtAbove Grade Finished SqFt1,400 SqFtStories4Lot Size4,158 SqFtStyleStoresYear Built1889CountyCOOKAPN17-20-326-037

Schools near 1946 South Racine Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
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.

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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 Real Estate Group

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 01/31/2026 02:03 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.