Sold
Last Sold Price
6 beds

2943 N Racine Ave, Chicago, IL 60657

Multi FamilyProperty Type
0.06 acresLot Size
1896Year Built
2 carsParking Spaces

Description

Attn investors! 5.8% CAP with potential for 7%. Well maintained 3-flat in AAA+ Lakeview location ideal for renters or convert to SFH. Features newly gut-rehabbed (2020) top floor 3BD/2BTH duplex-up with all new appliances, HVAC, kitchen/baths ++. Unit 1 2BD/1BTH and 1BD/1BTH Garden unit each with mix of vintage and modern charm. Spacious Floor Plans with improvements throughout - HDWD Floors, Newer Baths/Kitchen & Mechanicals. Structural Engineer approved building w/excellent history of tenants &...Attn investors! 5.8% CAP with potential for 7%. Well maintained 3-flat in AAA+ Lakeview location ideal for renters or convert to SFH. Features newly gut-rehabbed (2020) top floor 3BD/2BTH duplex-up with all new appliances, HVAC, kitchen/baths ++. Unit 1 2BD/1BTH and 1BD/1BTH Garden unit each with mix of vintage and modern charm. Spacious Floor Plans with improvements throughout - HDWD Floors, Newer Baths/Kitchen & Mechanicals. Structural Engineer approved building w/excellent history of tenants & steady income. All 3 units have been fully leased for 10+ years, with zero vacancy, and minimal marketing effort. Units 1 or 2 make for ideal Owner's Units, with Garden as bonus income. Newly paved (2019) and spacious rear patio and side breezeway + Foundation fully Waterproofed, along with all new sewer lines installed in 2019 as well. Newly built (2019) 2-Car Detached Garage w/ parking included in rents. A true walkers paradise +++

    Sold By Compass

    • Listed by: Jason Hiller 773.412.3899 jhiller@jamesonsir.com • Jameson Sotheby's Intl Realty
    Listing closed: 11/26/2021 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 11215197
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    30 year fixed, 7.03% Interest

    Principal and Interest

    $4,813

    Property Taxes

    $1,355

    HOA Dues

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    Property Information for 2943 North Racine Avenue

    Property Details

    • Taxes: $16,262 / year
    • MLS Type: Two to Four Units / 3 Story Unit/S
    • 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
    • Architectural Style: Victorian
    • Zoning: MULTI

    Building Information

    • Residences: 3
    • Year Built: 1896
    • Lot Size: 0.06 AC / 2,760 SF

    General Information

    School Information
    • Elementary School District: 299
    • Elementary School: Agassiz Elementary School
    • Jr High Middle School: Agassiz 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), Transmitter(s)
    • 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: 17
    • Bedrooms Total: 6
    • Bedrooms (Below Grade): 0
    • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
    • Basement Type: Full, Walkout
    • Bedrooms Possible: 6
    • Basement Description: Finished, Sub-Basement, Exterior Access
    • # Full Baths in Building: 4
    • # Half Baths in Building: 0
    • Room Type: Utility Room-1st Floor
    • Num of Baths: 4.0
    Utilities / Equipment
    • Sewer: Sewer-Public
    • Water: Lake Michigan
    Property/Lot Information
    • Exterior Property Features: Porch Screened
    • New Construction YN: No
    • Rebuilt: No
    • Rehabilitated: Yes
    • Rehab Year: 2020
    • Built Before 1978: Yes
    • Age: 100+ Years
    • Lot Size: Standard Chicago Lot
    • Lot Dimensions: 24X115
    • Total # Units in Building: 3.0
    • Waterfront: No
    • Exterior Building Type: Vinyl Siding, Cedar, Frame
    • Roof Type: Asphalt
    • Foundation Details: Concrete Perimeter
    • General Information: None
    • North Coordinate: 2943
    • South Coordinate: 0
    • East Coordinate: 0
    • West Coordinate: 1200
    • Lot Size Source: Survey
    • 3 Br Un In Bldg: Yes
    Property and Assessments
    • Public Document Count: 2
    • Document Date: 2021-09-09T22:05:19
    • Photos Count: 42
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    • Virtual Tour Date: 09-10-2021

    Multi Family

    Income & Expenses
    • Gross Income: $78,000.00
    • Net Operating Income: $53,578.00
    Unit 1
    • Unit Type Actual Rent: $1,125.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 1
    • Lease Expiration Date: 09/22
    Unit 2
    • Unit Type Actual Rent: $1,900.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 2
    • Lease Expiration Date: 07/22
    Unit 3
    • Unit Type Actual Rent: $3,475.00
    • Unit Type Baths Total: 2
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 3
    • Lease Expiration Date: 4/23

    Property History for 2943 North Racine Avenue

    DateEvent & SourcePriceAppreciation
    Nov 26, 2021

    Sold

    MRED #11215197

    $901,500—
    Nov 2, 2021

    Sold (Public Record)

    Public Record #1478469477

    $901,500

    +10.6% / yr

    Oct 4, 2021

    Contingent

    MRED #11215197

    —
    DateEvent & SourcePrice
    11/26/2021

    Sold

    MRED #11215197

    $901,500
    11/02/2021

    Sold (Public Record)

    Public Record #1478469477

    $901,500

    +10.6% / yr

    10/04/2021

    Contingent

    MRED #11215197

    —

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

    Public records

    2943 North Racine Avenue

    Baths

    3

    Total Finished SqFt

    4,603 SqFt

    Above Grade Finished SqFt

    4,603 SqFt

    Stories

    2

    Lot Size

    2,760 SqFt

    Style

    Multi-Family Res (5+ Units)

    Schools near 2943 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 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 12/01/2021 02:02 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.