2143 North Racine Avenue

Closed 6/16/21
Closed 6/16/21
Gallery Image 1
Sold
Last Sold Price
$1,085,000
5 beds

2143 N Racine Ave, Chicago, IL 60614

Multi FamilyProperty Type
0.07 acresLot Size
1 carParking Spaces

Description

Superb location, surrounded by multi million dollar homes. Endless possibilities with bonus garden apartment that can be annexed to 1st floor unit for massive owner occupied apartment. Let two additional rental units pay your mortgage. Just steps to DePaul University, shops, restaurants and Brown/Purple/ Armitage stop. This well maintained 3 unit property is a money making machine. Convert to a SFH or simply keep as an armchair investment property, building running smoothly just keep rents coming....Superb location, surrounded by multi million dollar homes. Endless possibilities with bonus garden apartment that can be annexed to 1st floor unit for massive owner occupied apartment. Let two additional rental units pay your mortgage. Just steps to DePaul University, shops, restaurants and Brown/Purple/ Armitage stop. This well maintained 3 unit property is a money making machine. Convert to a SFH or simply keep as an armchair investment property, building running smoothly just keep rents coming. Currently (1) 3Br/1bath apartment, (2) 1BR/1bath units plus nonconforming garden unit and 1.5 car garage. Building has many updates including copper plumbing lines, renovated kitchens and bathrooms, updated gas forced air furnace systems, separate utilities, new hot water tanks and many newer windows. Add this to your portfolio, room to improve rents without having to do major renovations. Building has over 5% cap rate potential. Prime for Airbnb business due to enviable location with a walk score of 95. Total annual income includes Garden unit rent.

    Sold By Compass

    • Listed by: Sari Levy 630.359.4696 slevy@lucidrealty.com; info@lucidrealty.com • Lucid Realty, Inc.
    • Listed by: Marco Mejia 773.991.1222 marcotmejia@hotmail.com;Marco@Lucidrealty.com • Lucid Realty, Inc.
    Listing closed: 06/16/2021 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 11030437
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    Recent comparable sales

    Median sold price

    $1,015,000

    Avg days on market

    12

    Sale-to-list ratio

    103.7%

    Chicago, IL

    9 comparable properties found

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    Bedrooms
    2,400
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    1845 North Marshfield Avenue, Chicago, IL 60622

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    2330 West Palmer Street, Chicago, IL 60647

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    1521 North Bell Avenue, Chicago, IL 60622

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    827 North Damen Avenue, Chicago, IL 60622

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    3021 North Racine Avenue, Chicago, IL 60657

    a house that has a tree in front of the house
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    3714 North Bosworth Avenue, Chicago, IL 60613

    $1,015,000 | 1809 West Armitage Avenue, Chicago, IL 60622
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    $1,050,000 | 1809 West Cortland Street, Chicago, IL 60622
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    Bedrooms
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    Square Feet
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    1809 West Cortland Street, Chicago, IL 60622

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    30 year fixed, 7.03% Interest

    Principal and Interest

    $5,792

    Property Taxes

    $1,579

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    Property Information for 2143 North Racine Avenue

    Property Details

    • Taxes: $18,944 / year
    • MLS Type: Two to Four Units / 2 Flat
    • County: Cook County
    • Area: CHI - Lincoln Park
    • Township: North Chicago
    • Ownership: Fee Simple
    • Num Of Garage Spaces: 1.5
    • Num Of Cars: 1.5
    • Parking Included in Price: Yes
    • Heat/Fuel: Natural Gas
    • Zoning: MULTI

    Building Information

    • Residences: 3
    • Lot Size: 0.07 AC / 3,125 SF

    General Information

    School Information
    • Elementary School District: 299
    • Elementary School: Oscar Mayer Elementary School
    • High School District: 299
    • High School: Lincoln Park High School
    • Middle Or Junior School District: 299
    Addtl Parking Information
    • Garage Details: Garage Door Opener(s)
    • Garage On Site: true
    • Garage Ownership: Owned
    • Garage Type: Detached
    • Parking: Garage

    Property Information

    Interior Features
    • Num Of Rooms: 12
    • Bedrooms Total: 5
    • Bedrooms (Below Grade): 0
    • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
    • Bath Amenities: Soaking Tub
    • Basement Type: Full
    • Bedrooms Possible: 5
    • Basement Description: Finished
    • # Full Baths in Building: 4
    • # Half Baths in Building: 0
    • Num of Baths: 4.0
    Utilities / Equipment
    • Sewer: Sewer-Public
    • Water: Lake Michigan
    • Other Equipment: CO Detectors, Ceiling Fan(s), Sump Pump
    Property/Lot Information
    • New Construction YN: No
    • Rebuilt: No
    • Rehabilitated: No
    • Built Before 1978: Yes
    • Age: 91-100 Years
    • Lot Size: Less Than .25 Acre
    • Lot Dimensions: 25X125
    • Total # Units in Building: 3.0
    • Waterfront: No
    • Exterior Building Type: Brick, Limestone
    • Roof Type: Rubber
    • Foundation Details: Brick/Mortar, Stone
    • General Information: School Bus Service,Commuter Bus,Commuter Train
    • North Coordinate: 2143
    • South Coordinate: 0
    • East Coordinate: 0
    • West Coordinate: 800
    • 3 Br Un In Bldg: Yes
    Property and Assessments
    • Public Document Count: 0
    • Photos Count: 21
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    • Virtual Tour Date: 03-24-2021

    Multi Family

    Income & Expenses
    • Gross Income: $74,100.00
    • Other Addl Income: Garage/s
    Unit 1
    • Unit Type Actual Rent: $2,100.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 1
    • Floor # - Unit 1: 1
    • # Of Rooms - Unit 1: 6
    • # Half Baths-Unit 1: 0
    • # Full Baths-Unit 1: 1
    • Appliances/Features Unit 1: Stove, Refrigerator, Microwave
    • Sec Deposit $ - Unit 1: NONE
    • Tenant Pays - Unit 1: Electric, Gas, Heat
    Unit 2
    • Unit Type Actual Rent: $1,475.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 2
    • Floor # - Unit 2: 2
    • # Of Rooms - Unit 2: 2
    • # Half Baths-Unit 2: 0
    • # Full Baths-Unit 2: 1
    • Appliances/Features Unit 2: Stove, Refrigerator
    • Lease Exp Date (Mo/Yr) - Unit 2: 05-21-2026
    • Sec Deposit $ - Unit 2: 1475
    • Tenant Pays - Unit 2: Electric, Gas, Heat
    Unit 3
    • Unit Type Actual Rent: $1,350.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 3
    • Floor # - Unit 3: 2
    • # Of Rooms - Unit 3: 3
    • # Half Baths-Unit 3: 0
    • # Full Baths-Unit 3: 1
    • Appliances/Features Unit 3: Stove, Refrigerator
    • Lease Exp Date (Mo/Yr) - Unit 3: 08-21-2026
    • Sec Deposit $ - Unit 3: 1350
    • Tenant Pays - Unit 3: Electric, Gas, Heat

    Property History for 2143 North Racine Avenue

    DateEvent & SourcePriceAppreciation
    Jun 16, 2021

    Sold

    MRED #11030437

    		$1,085,000—
    Mar 30, 2021

    Pending

    MRED #11030437

    		—
    Mar 23, 2021

    Listed (Active)

    MRED #11030437

    		$1,085,000—
    DateEvent & SourcePrice
    06/16/2021

    Sold

    MRED #11030437

    $1,085,000
    03/30/2021

    Pending

    MRED #11030437

    —
    03/23/2021

    Listed (Active)

    MRED #11030437

    $1,085,000

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

    Public Records for 2143 North Racine Avenue

    Taxable Value

    Land

    $16,275

    Additions

    $108,255
    Total$124,530

    Tax Record

    2023

    $26,275 ($2,190 / month)

    Home Facts

    Beds

    0

    Style

    Condominium

    County

    COOK

    APN

    14-32-213-051-1001

    Schools near 2143 North Racine Avenue

    This home is within Chicago Public Schools.
    Rating
    School
    Type
    Grades
    Distance
    Mayer Elementary School
    		Public - PK to 8
    Lincoln Park High School
    		Public - 9 to 12
    Newberry Elementary Math & Science Academy
    		Public - PK to 8
    Drummond Elementary School
    		Public - PK to 8
    Rating
    School
    Distance
    Mayer Elementary School
    PublicPK to 8

    Lincoln Park High School
    Public9 to 12

    Newberry Elementary Math & Science Academy
    PublicPK to 8

    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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    Nearby home values

    AddressSold priceBedsBathsSqftLot (Sqft)
    This home: 2143 North Racine Avenue, Chicago, IL 60614
    $1,085,000
    5
    –
    3,125
    2143 North Racine Avenue, Unit 1, Chicago, IL 60614
    $1,275,000
    4
    –
    –
    2143 North Racine Avenue, Unit 3, Chicago, IL 60614
    $920,000
    2
    –
    –
    2139 North Racine Avenue, Chicago, IL 60614
    $1,710,000
    5
    5,000
    3,101
    2145 North Racine Avenue, Unit 301, Chicago, IL 60614
    $650,000
    2
    2
    –
    –
    2145 North Racine Avenue, Unit 101, Chicago, IL 60614
    $1,260,000
    4
    –
    –

    Explore Nearby Homes

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    Listing Courtesy of Lucid Realty, Inc.

    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 06/21/2021 05:20 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.