2246 N Racine Ave

1,250 Sq. Ft.
$948 / Sq. Ft.
1,250
Sq. Ft.
$948
per Sq. Ft.

Description

One of the rarest kinds of opportunities in the market: A first generation 5,100 SF Lincoln Park Mansard Graystone in the absolute heart of the neighborhood. The building is currently configured as four apartments. Two 3bed/1bath units, an open 2/1 on the top floor and a non conforming 2/1 in the garden providing, with addition of the two car garage a total gross rent of $108,360/year. Keep as is, update the units for higher returns or turn into what could be the next great single family renovation...One of the rarest kinds of opportunities in the market: A first generation 5,100 SF Lincoln Park Mansard Graystone in the absolute heart of the neighborhood. The building is currently configured as four apartments. Two 3bed/1bath units, an open 2/1 on the top floor and a non conforming 2/1 in the garden providing, with addition of the two car garage a total gross rent of $108,360/year. Keep as is, update the units for higher returns or turn into what could be the next great single family renovation in the neighborhood. High ceilings, side bays, huge original curved and leaded glass windows, original moldings and wood work and one of the best facades in the entire neighborhood. Right across the street from Trebes Park, in the Mayer School District and steps away from the tree lined streets and shops that make Lincoln Park, Lincoln Park. Truly a special opportunity at an exceptional price.

Listing Agents

  1. Alex Morsch

    Alex Morsch

    Listing Agent

    Peak Realty Chicago

    P: (312)-720-3404

  2. Charlie Cohen

    Charlie Cohen

    Alternative Listing Agent

    Peak Realty Chicago

    P: (847)-287-7791

Sold By Area606 Properties, LLC

Property Details for 2246 North Racine Avenue

Area
CHI - Lincoln Park
Township
North Chicago
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Parking Included in Price
Yes
Heat/Fuel
Hot Water/Steam, Radiator(s)
Architectural Style
Greystone
LISTING UPDATED: 05/22/2023 03:39 PM

Property Details for 2246 North Racine Avenue

StatusClosed
MLS #11707044
Days on Market80
Taxes$26,544 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1876
Lot Size0.07 AC / 3,224 SF
CountyCook County
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Building Information for 2246 North Racine Avenue

Stories-Residences3Year Built1876Building Size-Lot Size0.07 AC / 3,224 SF

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Property Information for 2246 North Racine Avenue

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
  • Parking Details: Garage Door Opener, On Site, Garage Owned, Detached, Garage
Property Information
Interior Features
  • Num Of Rooms: 18
  • Bedrooms Total: 10
  • Bedrooms (Below Grade): 0
  • Basement Type: Finished, Walk-Out Access
  • Bedrooms Possible: 10
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Room Type: Den, Enclosed Balcony
  • Num of Baths: 4.0
Exterior Features
  • Patio And Porch Features: Patio, Deck
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • Exterior Property Features: Roof Deck
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2003
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Oversized Chicago Lot
  • Lot Dimensions: 26 X 124
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Brick, Stone, Limestone
  • Construction: Brick, Stone, Limestone
  • Roof Type: Asphalt
  • Foundation Details: Brick/Mortar
  • General Information: None
  • North Coordinate: 2246
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 1200
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 6
  • Document Date: 2023-03-06T20:25:15
  • Photos Count: 16
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $108,360.00
  • Other Addl Income: Coin Laundry,Garage/s
Unit 1
  • Unit Type Actual Rent: $1,650.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 08/23
Unit 2
  • Unit Type Actual Rent: $2,810.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 8/23
Unit 3
  • Unit Type Actual Rent: $2,590.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 7/23

Property History for 2246 North Racine Avenue

DateEvent & SourcePriceAppreciation
May 22, 2023

Sold

MRED #11707044

$1,185,000
May 17, 2023

Sold (Public Record)

Public Record #1519075040

$1,185,000

-0.2% / yr

May 1, 2023

Expired

MRED #11707044

$1,250,000
DateEvent & SourcePrice
05/22/2023

Sold

MRED #11707044

$1,185,000
05/17/2023

Sold (Public Record)

Public Record #1519075040

$1,185,000

-0.2% / yr

05/01/2023

Expired

MRED #11707044

$1,250,000

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

Public Records for 2246 North Racine Avenue

Taxable ValueLand$49,972Additions$86,028Total$136,000
Tax Record2023$27,851 ($2,321 / month)
Home Facts
Baths4Total Finished SqFt5,107 SqFtAbove Grade Finished SqFt5,107 SqFtStories2Lot Size3,224 SqFtStyleMulti-Family Res (5+ Units)Year Built1878CountyCOOKAPN14-32-113-028

Schools near 2246 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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Listing Courtesy of Peak Realty Chicago

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 05/22/2023 03:39 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.