Sold
Last Sold Price
5 beds
2909 N Racine Ave, Chicago, IL 60657
Multi FamilyProperty Type
0.06 acresLot Size
1886Year Built
2 carsParking Spaces

Description

Rents are WAY under market value for the neighborhood. The current tenants are long-term and the owner has never raised rent! Cap Rate is 7+ with market value rents. Yearly expenses for owner are minimal. Building is over 100 years old and needs some common area work. Perfect for a family wanting to live in Duplex up and rent Unit 1, or for an investor who wants to rent out both units. No work needed inside if plan is to rent. Also great for converting into a dream SFH in a gorgeous neighborhood!Rents are WAY under market value for the neighborhood. The current tenants are long-term and the owner has never raised rent! Cap Rate is 7+ with market value rents. Yearly expenses for owner are minimal. Building is over 100 years old and needs some common area work. Perfect for a family wanting to live in Duplex up and rent Unit 1, or for an investor who wants to rent out both units. No work needed inside if plan is to rent. Also great for converting into a dream SFH in a gorgeous neighborhood!

    Sold By Menard Johnson & Associates

    • Listed by: Kelsey 312.342.7333 khupp@atproperties.com • @properties
    Listing closed: 06/27/2016 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 09220576

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    Recent comparable sales

    Median sold price

    $725,000

    Avg days on market

    21

    Sale-to-list ratio

    99.0%

    Chicago, IL

    9 comparable properties found

    $650,000 | 2662 North Ashland Avenue, Chicago, IL 60614
    1/11
    1

    $650,000

    Sold 06/09/26

    5
    Bedrooms
    Unavailable
    Square Feet
    0.06
    Acres
    a front view of a house with a tree
    1/18
    2

    $750,000

    Sold 10/18/24

    5
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres
    a front view of a house
    1/20
    3

    $745,000

    Sold 10/31/24

    5
    Bedrooms
    2,000
    Square Feet
    3,750
    Acres
    a front view of a house with garage
    1/23
    4

    $660,000

    Sold 09/05/25

    5
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres
    a front view of a house
    1/16
    5

    $677,500

    Sold 11/25/24

    5
    Bedrooms
    Unavailable
    Square Feet
    0.06
    Acres
    a house view with a outdoor space
    1/3
    6

    $700,000

    Sold 03/11/25

    5
    Bedrooms
    Unavailable
    Square Feet
    0.09
    Acres
    a front view of a house with a yard covered with snow
    1/6
    7

    $730,000

    Sold 04/16/26

    5
    Bedrooms
    3,054
    Square Feet
    0.07
    Acres
    a front view of a residential houses
    1/24
    8

    $845,000

    Sold 03/02/26

    5
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres
    $725,000 | 1618 North Rockwell Street, Chicago, IL 60647
    1/41
    9

    $725,000

    Sold 05/29/26

    5
    Bedrooms
    1,877
    Square Feet
    0.07
    Acres

    Location

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    30 year fixed, 7.03% Interest

    Principal and Interest

    $3,545

    Property Taxes

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    HOA Dues

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    Property Information for 2909 North Racine Avenue

    Property Details
    • Taxes: $9,390 / year
    • MLS Type: Two to Four Units / 2 Flat
    • County: Cook County
    • Area: CHI - Lake View
    • Township: LAKE VIEW
    • Ownership: Fee Simple
    • Num Of Garage Spaces: 2.0
    • Parking Included in Price: Yes
    • Heat/Fuel: Natural Gas, Forced Air
    • Zoning: MULTI
    Building Information
    • Residences: 2
    • Year Built: 1886
    • Lot Size: 0.06 AC / 2,784 SF
    General Information
    School Information
    • Elementary School District: 299
    • High School District: 299
    • Middle Or Junior School District: 299
    Addtl Parking Information
    • Garage On Site: true
    • Garage Ownership: Owned
    • Garage Type: Detached
    • Parking: Garage
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • Num Of Rooms: 13
    • Bedrooms Total: 5
    • Bedrooms (Below Grade): 0
    • Basement Type: Partial
    • Bedrooms Possible: 5
    • Basement Description: Unfinished
    • # Full Baths in Building: 3
    • # Half Baths in Building: 0
    • Num of Baths: 3.0
    Utilities / Equipment
    • Sewer: Sewer-Public
    • Water: Lake Michigan
    Property/Lot Information
    • Exterior Property Features: Porch Screened
    • New Construction YN: No
    • Rehabilitated: No
    • Built Before 1978: Yes
    • Age: 100+ Years
    • Lot Description: Fenced Yard
    • Lot Size: Less Than .25 Acre
    • Lot Dimensions: 24X116
    • Total # Units in Building: 2.0
    • Waterfront: No
    • Exterior Building Type: Vinyl Siding, Frame
    • Roof Type: Shake
    • General Information: None
    • North Coordinate: 2909
    • South Coordinate: 0
    • East Coordinate: 0
    • West Coordinate: 1200
    • 3 Br Un In Bldg: No
    Property and Assessments
    • Photos Count: 18
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    • Virtual Tour Date: 05-09-2016
    Multi Family
    Unit 1
    • Unit Type Actual Rent: $1,375.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 1
    • Lease Expiration Date: 07/16
    Unit 2
    • Unit Type Actual Rent: $1,970.00
    • Unit Type Baths Total: 2
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 2
    • Lease Expiration Date: 07/16

    Property History for 2909 North Racine Avenue

    DateEvent & SourcePriceAppreciation
    Jun 27, 2016

    Sold (Public Record)

    Public Record #579098505

    $664,000—
    Jun 27, 2016

    Sold

    MRED #09220576

    $664,000—
    May 13, 2016

    Pending

    MRED #09220576

    —
    DateEvent & SourcePrice
    06/27/2016

    Sold (Public Record)

    Public Record #579098505

    $664,000
    06/27/2016

    Sold

    MRED #09220576

    $664,000
    05/13/2016

    Pending

    MRED #09220576

    —

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

    Public Records for 2909 North Racine Avenue

    Taxable ValueLand$44,999Additions$45,001Total$90,000
    Tax Record2023$16,391 ($1,366 / month)
    Home Facts
    Baths2Total Finished SqFt2,678 SqFtAbove Grade Finished SqFt2,678 SqFtStories2Lot Size2,760 SqFtStyleMulti-Family Res (5+ Units)Year Built1888CountyCOOKAPN14-29-219-007Fireplace TypeHas Fireplace

    Schools near 2909 North Racine Avenue

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

    Lincoln Park High School
    Public9 to 12

    Inter-American Elementary Magnet 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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    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 @properties

    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 05/04/2021 11:58 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.