Sold
Last Sold Price
7 beds
3017 N Racine Ave, Chicago, IL 60657
Multi FamilyProperty Type
0.07 acresLot Size
1910Year Built
2 carsParking Spaces

Description

Let the numbers do the talking. 6.9% CAP rate at current rents. There is room to increase this to 7.7% Cap rate. Unit one has been fully updated in 2011 to owner standard. Unit 2 was updated to owner standard in 2005, so is slightly dated. Two great units. New roof in 2008, new basement slab in 2010. Very well maintained building. It's a money maker. Great neighborhood, easy walk to the El. Very easy to rent.Let the numbers do the talking. 6.9% CAP rate at current rents. There is room to increase this to 7.7% Cap rate. Unit one has been fully updated in 2011 to owner standard. Unit 2 was updated to owner standard in 2005, so is slightly dated. Two great units. New roof in 2008, new basement slab in 2010. Very well maintained building. It's a money maker. Great neighborhood, easy walk to the El. Very easy to rent.

    Sold By Berkshire Hathaway HomeServices KoenigRubloff

    • Listed by: Adam 312.497.7918 adam.meredith@xplusrealestate.com • X Plus Real Estate
    Listing closed: 06/03/2014 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 08536032

    See It First™ on Compass

    Find homes before they're listed on other real estate sites.

    Start your search

    Location

    Add your commute

    Payment Calculator

    Get preapproved with
    OriginPoint Mortgage or Rocket Mortgage1

    $4,972 per month

    30 year fixed, 7.03% Interest

    Principal and Interest

    $4,244

    Property Taxes

    $728

    HOA Dues

    $0

    The Payment Calculator is for illustrative purposes only.

    Know your buying power with a preapproval and custom rate in minutes

    Rocket Mortgage1

    Property Information for 3017 North Racine Avenue

    Property Details
    • Taxes: $8,732 / 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
    • Zoning: MULTI
    Building Information
    • Residences: 2
    • Year Built: 1910
    • Lot Size: 0.07 AC / 3,125 SF
    General Information
    School Information
    • Elementary School District: 299
    • Elementary School: AGASSIZ ELEMENTARY SCHOOL
    • Jr High Middle School: LINCOLN PARK HIGH SCHOOL
    • High School District: 299
    • High School: LINCOLN PARK HIGH SCHOOL
    • 2nd Alternate High School: LAKE VIEW HIGH SCHOOL
    • Middle Or Junior School District: 299
    Addtl Parking Information
    • Garage Details: Garage Door Opener(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: 15
    • Bedrooms Total: 7
    • Bedrooms (Below Grade): 0
    • Bath Amenities: Separate Shower,No Tub
    • Basement Type: Full
    • Bedrooms Possible: 7
    • Basement Description: Finished
    • # Full Baths in Building: 4
    • # Half Baths in Building: 0
    • Num of Baths: 4.0
    Utilities / Equipment
    • Sewer: Sewer-Public
    • Water: Lake Michigan
    • Other Equipment: Intercom, CO Detectors, Ceiling Fan(s), Sump Pump
    Property/Lot Information
    • Exterior Property Features: Deck, Patio, Storms/Screens
    • New Construction YN: No
    • Rehabilitated: Yes
    • Built Before 1978: Yes
    • Age: 100+ Years
    • Lot Size: Less Than .25 Acre
    • Lot Dimensions: 25 X 125
    • Total # Units in Building: 2.0
    • Waterfront: No
    • Exterior Building Type: Vinyl Siding
    • Roof Type: Asphalt
    • Foundation Details: Concrete Perimeter
    • General Information: School Bus Service,Commuter Bus,Commuter Train
    • North Coordinate: 3017
    • South Coordinate: 0
    • East Coordinate: 0
    • West Coordinate: 1200
    • 3 Br Un In Bldg: Yes
    Property and Assessments
    • Photos Count: 10
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Income & Expenses
    • Gross Income: $66,000.00
    • Other Addl Income: Garage/s
    • Net Operating Income: $55,268.00
    • Other Expenses $: 10731
    Unit 1
    • Unit Type Actual Rent: $3,200.00
    • Unit Type Baths Total: 2
    • Unit Type Beds Total: 4
    • Unit Type Type: Unit 1
    • Lease Expiration Date: 04/14
    Unit 2
    • Unit Type Actual Rent: $2,100.00
    • Unit Type Baths Total: 2
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 2
    • Lease Expiration Date: 08/14

    Property History for 3017 North Racine Avenue

    DateEvent & SourcePriceAppreciation
    Jun 3, 2014

    Sold

    MRED #08536032

    $795,000—
    May 29, 2014

    Sold (Public Record)

    Public Record #417224254

    $795,000

    +2.8% / yr

    Feb 21, 2014

    Pending

    MRED #08536032

    —
    DateEvent & SourcePrice
    06/03/2014

    Sold

    MRED #08536032

    $795,000
    05/29/2014

    Sold (Public Record)

    Public Record #417224254

    $795,000

    +2.8% / yr

    02/21/2014

    Pending

    MRED #08536032

    —

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

    Public Records for 3017 North Racine Avenue

    Taxable ValueLand$40,999Additions$41,001Total$82,000
    Tax Record2023$17,446 ($1,454 / month)
    Home Facts
    Baths2Total Finished SqFt2,620 SqFtAbove Grade Finished SqFt2,620 SqFtStories2Lot Size2,904 SqFtStyleMulti-Family Res (5+ Units)Year Built1878Year Renovated1880ZoningRS-3CountyCOOKAPN14-29-207-017-0000

    Schools near 3017 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.

    Neighborhood Map and Transit

    Similar Homes

    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 X Plus Real Estate

    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 10:02 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.