Sold
Last Sold Price
5 beds
2909 N Racine Ave, Chicago, IL 60657
Multi FamilyProperty Type
2,784 sq ftLot 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!
Listing closed: 06/27/2016 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 09220576

Recent comparable sales

Median sold price

$700,000

Avg days on market

25

Sale-to-list ratio

98.8%

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 view of a large building with a tree
1/15
6

$597,000

Sold 10/03/24

5
Bedrooms
Unavailable
Square Feet
0.07
Acres
a house view with a outdoor space
1/3
7

$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
8

$730,000

Sold 04/16/26

5
Bedrooms
3,054
Square Feet
0.07
Acres
a front view of a residential houses
1/24
9

$845,000

Sold 03/02/26

5
Bedrooms
Unavailable
Square Feet
0.07
Acres

Location

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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.