2129 N Racine Ave

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

Description

Rare opportunity to acquire a fully renovated five-unit Greystone property in the heart of Chicago's highly sought-after Lincoln Park neighborhood. The property consists of a three-unit front building and a two-unit coach house, offering an attractive unit mix of spacious 2-, 3-, and 4-bedroom apartments ideal for strong tenant demand. Located just steps from neighborhood retail, public transportation, and the lakefront, this turnkey investment combines prime location with modern functionality. All...Rare opportunity to acquire a fully renovated five-unit Greystone property in the heart of Chicago's highly sought-after Lincoln Park neighborhood. The property consists of a three-unit front building and a two-unit coach house, offering an attractive unit mix of spacious 2-, 3-, and 4-bedroom apartments ideal for strong tenant demand. Located just steps from neighborhood retail, public transportation, and the lakefront, this turnkey investment combines prime location with modern functionality. All units were completely gut rehabbed down to the studs in 2016 and feature high-end finishes throughout, including quartz countertops, in-unit laundry, individual HVAC systems, and separate hot water heaters. The extensive 2016 renovation also included updated building systems, providing long-term peace of mind for ownership. The first-floor coach house lease expires at the end of July, creating a potential owner-occupancy opportunity, while all other units are secured with leases extending through summer 2027, offering stable in-place income.
  1. Listed by Tyler Weekes • Star Realty & Management
    P: (708)-400-0171 C: (708)-400-0171 tylerjamesweekes@gmail.com

Property Details for 2129 North Racine Avenue

Area
CHI - Lincoln Park
Air Conditioning Type
Central Air
Num of Interior Fireplaces
3
Zoning
MULTI
LISTING UPDATED: 06/08/2026 09:09 AM

Property Details for 2129 North Racine Avenue

StatusActive
MLS #12656616
Days on Market16
Taxes$36,370 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1900
Lot Size0.07 AC / 3,187 SF
CountyCook County

Location

Listing Courtesy of Star Realty & Management
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Building Information for 2129 North Racine Avenue

Stories3Residences5Year Built1900Building Size-Lot Size0.07 AC / 3,187 SF

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$17,980 per month

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Principal and Interest

$14,949

Property Taxes

$3,031

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Property Information for 2129 North 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
  • Air Conditioning: Central Air
  • # Of Washers: 5
  • Heat/Ventilation: Central Bldg Heat,Central Heat/Indiv Controls
  • # Of Window/Ac: 0
  • # Of Refrigerators: 5
  • # Of Dryers: 5
  • # Of Disposals: 5
  • # Of Dishwashers: 5
  • Num of Baths: 8.0
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Exterior Entrance
  • Lot Dimensions: 25X127.5
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • # Of Ranges: 5
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 27
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $1,047.00
  • Fuel Expense: $.00
  • Gross Income: $262,200.00
  • Gross Scheduled Income: $264,700.00
  • Insurance Expense: $5,087.00
  • Maintenance Expense: $7,330.00
  • Manager Expense: $11,533.00
  • Electric Expense Source: Actual
  • Expense Year: 2025
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 4800
  • Manager Expense Source: AC
  • Other Expense Source: Actual
  • Repairs-Decor Expense Source: Broker Projection
  • Trash Expense Source: Actual
  • Total Monthly Income: 21850
  • Water Expense Source: Actual
  • Net Operating Income: $191,391.00
  • Operating Expense: $73,309.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $4,228.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 2
Unit 2
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
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 2129 North Racine Avenue

DateEvent & SourcePriceAppreciation
May 26, 2026

Listed (Active)

MRED #12656616

$3,000,000
Dec 22, 2022

Sold

MRED #11464149

$1,885,000
Oct 31, 2022

Expired

MRED #11464149

$2,000,000
DateEvent & SourcePrice
05/26/2026

Listed (Active)

MRED #12656616

$3,000,000
12/22/2022

Sold

MRED #11464149

$1,885,000
10/31/2022

Expired

MRED #11464149

$2,000,000

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

Public Records for 2129 North Racine Avenue

Taxable ValueLand$38,750Additions$116,902Total$155,652
Tax Record2023$32,841 ($2,737 / month)
Home Facts
Baths3Total Finished SqFt1,540 SqFtAbove Grade Finished SqFt1,540 SqFtStories2Lot Size3,100 SqFtStyleMulti-Family Res (5+ Units)Year Built1889CountyCOOKAPN14-32-213-017

Schools near 2129 North Racine Avenue

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

Lincoln Park High School
Public9 to 12

Drummond Elementary School
PublicPK 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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Similar Homes

2129 North Racine Avenue is a multi-family home for sale in Chicago, IL 60614. This property was listed for sale on May 26, 2026 by Star Realty & Management, it's currently listed at $3,000,000. It has been on the market for a total of 16 days and was last sold on December 22, 2022. This listing's school district is Chicago Public Schools. Nearby schools include Mayer Elementary School, Lincoln Park High School and Newberry Elementary Math & Science Academy. 2129 North Racine Avenue is a 14-bed, 8-bath, multi-family home built in 1900.

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 Star Realty & Management

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 06/08/2026 09:09 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.