Sold
Last Sold Price
8 beds
2937 N Racine Ave, Chicago, IL 60657
Multi FamilyProperty Type
0.06 acresLot Size
1888Year Built
2 carsParking Spaces

Description

ATTN INVESTORS - 6.4% CAP well maintained 3-Flat in AAA+ Lakeview location ideal for renters or convert to SFH. Features top floor 4BD/3BTH duplex-up with master suite; 1st floor 2BD/1BTH + Study/Den; and 2BD/1BTH Garden unit. Spacious Floor Plans with improvements throughout. Solid Building w/great tenants & strong income. All 3 units have been fully leased for 15+ years, with zero vacancy. Easy to rent, and walk to everything. 2-Car Garage + Rear Garden.ATTN INVESTORS - 6.4% CAP well maintained 3-Flat in AAA+ Lakeview location ideal for renters or convert to SFH. Features top floor 4BD/3BTH duplex-up with master suite; 1st floor 2BD/1BTH + Study/Den; and 2BD/1BTH Garden unit. Spacious Floor Plans with improvements throughout. Solid Building w/great tenants & strong income. All 3 units have been fully leased for 15+ years, with zero vacancy. Easy to rent, and walk to everything. 2-Car Garage + Rear Garden.

    Sold By Charles Rutenberg Realty of IL

    • Listed by: Jason Hiller 773.412.3899 jhiller@jamesonsir.com • Jameson Sotheby's Intl Realty
    Listing closed: 01/11/2021 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 10931776

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    Recent comparable sales

    Median sold price

    $1,025,000

    Avg days on market

    28

    Sale-to-list ratio

    94.9%

    Chicago, IL

    9 comparable properties found

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    Location

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    Property Information for 2937 North Racine Avenue

    Property Details
    • Taxes: $14,164 / year
    • MLS Type: Two to Four Units / 3 Flat
    • County: Cook County
    • Area: CHI - Lake View
    • Township: North Chicago
    • Ownership: Fee Simple
    • Num Of Garage Spaces: 2.0
    • Num Of Cars: 2.0
    • Parking Included in Price: Yes
    • Heat/Fuel: Natural Gas, Forced Air
    • Zoning: MULTI
    Building Information
    • Residences: 3
    • Year Built: 1888
    • Lot Size: 0.06 AC / 2,760 SF
    General Information
    School Information
    • Elementary School District: 299
    • High School District: 299
    • Middle Or Junior School District: 299
    Addtl Parking Information
    • Garage Details: Transmitter(s)
    • Garage On Site: true
    • Garage Ownership: Owned
    • Garage Type: Detached
    • Parking: Garage
    Location and General Information
    • Postal Code Plus 4: 4233
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • Num Of Rooms: 18
    • Bedrooms Total: 8
    • Bedrooms (Below Grade): 0
    • Bath Amenities: Whirlpool,Double Sink
    • Basement Type: Full, Walkout
    • Bedrooms Possible: 8
    • Basement Description: Finished
    • # Full Baths in Building: 5
    • # Half Baths in Building: 0
    • Num of Baths: 5.0
    Utilities / Equipment
    • Sewer: Sewer-Public
    • Water: Lake Michigan
    Property/Lot Information
    • New Construction YN: No
    • Rebuilt: No
    • Rehabilitated: No
    • Built Before 1978: Yes
    • Age: 100+ Years
    • Lot Size: Standard Chicago Lot
    • Lot Dimensions: 24 X 115
    • Total # Units in Building: 3.0
    • Waterfront: No
    • Exterior Building Type: Vinyl Siding, Brick
    • Roof Type: Shake
    • Foundation Details: Concrete Perimeter
    • General Information: None
    • North Coordinate: 2937
    • South Coordinate: 0
    • East Coordinate: 0
    • West Coordinate: 1200
    • 3 Br Un In Bldg: Yes
    Property and Assessments
    • Public Document Count: 6
    • Document Date: 2020-11-12T16:05:20
    • Photos Count: 48
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    • Virtual Tour Date: 11-12-2020
    Multi Family
    Income & Expenses
    • Gross Income: $81,600.00
    • Insurance Expense: $1,608.00
    • Net Operating Income: $57,925.00
    • Other Expenses $: 6903
    Unit 1
    • Unit Type Actual Rent: $1,350.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 1
    • Floor # - Unit 1: G
    • # Of Rooms - Unit 1: 4
    • # Half Baths-Unit 1: 0
    • # Full Baths-Unit 1: 1
    • Appliances/Features Unit 1: Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner
    • Lease Exp Date (Mo/Yr) - Unit 1: 04-21-2026
    • Sec Deposit $ - Unit 1: 1350
    • Tenant Pays - Unit 1: Electric, Gas
    Unit 2
    • Unit Type Actual Rent: $1,850.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 2
    • Floor # - Unit 2: 1
    • # Of Rooms - Unit 2: 5
    • # Half Baths-Unit 2: 0
    • # Full Baths-Unit 2: 1
    • Appliances/Features Unit 2: Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Garage/Space, Hardwood Floors
    • Lease Exp Date (Mo/Yr) - Unit 2: 05-21-2026
    • Sec Deposit $ - Unit 2: 1850
    • Tenant Pays - Unit 2: Electric, Gas
    Unit 3
    • Unit Type Actual Rent: $3,600.00
    • Unit Type Baths Total: 3
    • Unit Type Beds Total: 4
    • Unit Type Type: Unit 3
    • Floor # - Unit 3: 2
    • # Of Rooms - Unit 3: 9
    • # Half Baths-Unit 3: 0
    • # Full Baths-Unit 3: 3
    • Appliances/Features Unit 3: Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner, Window Air Conditioner, Garage/Space, Cathedral Ceilings, Hardwood Floors, Skylights/Windows, Walk-In Closet
    • Lease Exp Date (Mo/Yr) - Unit 3: 05-21-2026
    • Sec Deposit $ - Unit 3: 3600
    • Tenant Pays - Unit 3: Electric, Gas

    Property History for 2937 North Racine Avenue

    DateEvent & SourcePriceAppreciation
    Jan 11, 2021

    Sold

    MRED #10931776

    $850,000—
    Dec 29, 2020

    Sold (Public Record)

    Public Record #691770156

    $850,000—
    Dec 29, 2020

    Sold (Public Record)

    Public Record #1452212800

    $850,000

    +6.9% / yr

    DateEvent & SourcePrice
    01/11/2021

    Sold

    MRED #10931776

    $850,000
    12/29/2020

    Sold (Public Record)

    Public Record #691770156

    $850,000
    12/29/2020

    Sold (Public Record)

    Public Record #1452212800

    $850,000

    +6.9% / yr

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

    Public Records for 2937 North Racine Avenue

    Taxable ValueLand$38,499Additions$38,501Total$77,000
    Tax Record2023$17,512 ($1,459 / month)
    Home Facts
    Baths3Total Finished SqFt2,916 SqFtAbove Grade Finished SqFt2,916 SqFtStories2Lot Size2,760 SqFtStyleMulti-Family Res (5+ Units)Year Built1888CountyCOOKAPN14-29-215-010

    Schools near 2937 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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    Listing Courtesy of Jameson Sotheby's Intl Realty

    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 05/05/2021 10:19 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.