Sold
Last Sold Price
6 beds

3051 N Racine Ave, Chicago, IL 60657

Multi FamilyProperty Type
0.06 acresLot Size
1892Year Built

Description

Amazing Add-Value opportunity in Lakeview! Legal Brick 4 units PLUS bonus in law garden (TOTAL 5 units) in an A+ location that's perfect for investors or owner occupants. Four apartments, (3) good sized 1 beds and (1) 2 bed garden in the front building & a separate 2 story coach house. The coach house is currently completely GUTTED to the studs...and is waiting for full Re-DO. All separate heat and tenant paid utilities. Steps from shopping, bars, restaurants, transportation, EL and more!Amazing Add-Value opportunity in Lakeview! Legal Brick 4 units PLUS bonus in law garden (TOTAL 5 units) in an A+ location that's perfect for investors or owner occupants. Four apartments, (3) good sized 1 beds and (1) 2 bed garden in the front building & a separate 2 story coach house. The coach house is currently completely GUTTED to the studs...and is waiting for full Re-DO. All separate heat and tenant paid utilities. Steps from shopping, bars, restaurants, transportation, EL and more!

    Sold By Kale Realty

    Listing closed: 11/08/2019 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 10442951
    See It First™ on Compass

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

    Start your search

    Recent comparable sales

    Median sold price

    $980,000

    Avg days on market

    84

    Sale-to-list ratio

    94.5%

    Chicago, IL

    9 comparable properties found

    $895,000 | 1918 North Damen Avenue, Chicago, IL 60647
    1/13
    1

    $895,000

    Sold 03/07/25

    6
    Bedrooms
    1,904
    Square Feet
    0.06
    Acres
    a house that has tree in front of it
    1/31
    2

    $1,375,000

    Sold 05/21/25

    6
    Bedrooms
    Unavailable
    Square Feet
    0.05
    Acres
    $1,050,000 | 1140 West Barry Avenue, Chicago, IL 60657
    1/25
    3

    $1,050,000

    Sold 07/31/25

    6
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres
    $925,000 | 2854 West Grace Street, Chicago, IL 60618
    1/15
    4

    $925,000

    Sold 08/06/26

    6
    Bedrooms
    Unavailable
    Square Feet
    0.09
    Acres
    a front view of a building
    1/3
    5

    $870,000

    Sold 04/02/26

    6
    Bedrooms
    5,000
    Square Feet
    Unavailable
    Acres
    a buildings view that has a lots of windows
    1/25
    6

    $980,000

    Sold 11/25/25

    6
    Bedrooms
    850
    Square Feet
    0.08
    Acres
    7

    $820,000

    Sold 02/11/25

    6
    Bedrooms
    5.5
    Bathrooms
    3,600
    Square Feet
    0.05
    Acres
    a front view of a house
    1/21
    8

    $1,200,000

    Sold 03/24/26

    6
    Bedrooms
    2,772
    Square Feet
    0.07
    Acres
    a view of a building with a door
    1/13
    9

    $985,000

    Sold 05/12/25

    6
    Bedrooms
    Unavailable
    Square Feet
    0.06
    Acres

    Location

    Add your commute
    Payment Calculator

    Get preapproved with
    OriginPoint Mortgage or Rocket Mortgage1

    $5,992 per month

    30 year fixed, 7.03% Interest

    Principal and Interest

    $4,538

    Property Taxes

    $1,454

    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 3051 North Racine Avenue

    Property Details

    • Taxes: $17,449 / year
    • MLS Type: Two to Four Units / 4 Flat
    • County: Cook County
    • Area: CHI - Lake View
    • Township: Lake View
    • Ownership: Fee Simple
    • Num Of Cars: 0.0
    • Heat/Fuel: Natural Gas, Forced Air
    • Zoning: MULTI

    Building Information

    • Residences: 4
    • Year Built: 1892
    • Lot Size: 0.06 AC / 2,613 SF

    General Information

    School Information
    • Elementary School District: 299
    • High School District: 299
    • Middle Or Junior School District: 299
    Addtl Parking Information
    • Parking: None

    Property Information

    Interior Features
    • Num Of Rooms: 16
    • Bedrooms Total: 6
    • Bedrooms (Below Grade): 0
    • Basement Type: Full
    • Bedrooms Possible: 6
    • Basement Description: Finished
    • # Full Baths in Building: 5
    • # Half Baths in Building: 0
    • Num of Baths: 5.0
    Utilities / Equipment
    • Sewer: Sewer-Public
    • Water: Public
    Property/Lot Information
    • New Construction YN: No
    • Rebuilt: No
    • Rehabilitated: No
    • Built Before 1978: Yes
    • Age: 100+ Years
    • Lot Size: Less Than .25 Acre
    • Lot Dimensions: 25 X 121
    • Total # Units in Building: 4.0
    • Waterfront: No
    • Exterior Building Type: Brick
    • General Information: School Bus Service,Commuter Bus,Commuter Train
    • North Coordinate: 3051
    • South Coordinate: 0
    • East Coordinate: 0
    • West Coordinate: 1200
    • 3 Br Un In Bldg: No
    Property and Assessments
    • Public Document Count: 5
    • Document Date: 2019-07-08T20:39:00
    • Photos Count: 33
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No

    Multi Family

    Income & Expenses
    • Gross Income: $81,780.00
    • Net Operating Income: $57,780.00
    • Other Expenses $: 24000
    Unit 1
    • Unit Type Actual Rent: $1,400.00
    • 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, Central Air Conditioner, Hardwood Floors
    • Lease Exp Date (Mo/Yr) - Unit 1: 04-20-2026
    • Sec Deposit $ - Unit 1: NA
    • Tenant Pays - Unit 1: Electric, Gas
    Unit 2
    • Unit Type Actual Rent: $1,375.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 2
    • Floor # - Unit 2: 1
    • # Of Rooms - Unit 2: 4
    • # Half Baths-Unit 2: 0
    • # Full Baths-Unit 2: 1
    • Appliances/Features Unit 2: Stove, Refrigerator, Central Air Conditioner, Hardwood Floors
    • Lease Exp Date (Mo/Yr) - Unit 2: 08-20-2026
    • Sec Deposit $ - Unit 2: NA
    • Tenant Pays - Unit 2: Electric, Gas
    Unit 3
    • Unit Type Actual Rent: $1,375.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 3
    • Floor # - Unit 3: 2
    • # Of Rooms - Unit 3: 4
    • # Half Baths-Unit 3: 0
    • # Full Baths-Unit 3: 1
    • Appliances/Features Unit 3: Stove, Refrigerator
    • Lease Exp Date (Mo/Yr) - Unit 3: 05-20-2026
    • Sec Deposit $ - Unit 3: NA
    • Tenant Pays - Unit 3: Electric, Gas
    Unit 4
    • Unit Type Actual Rent: $1,395.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 4
    • Floor # - Unit 4: 3
    • # Of Rooms - Unit 4: 4
    • # Half Baths-Unit 4: 0
    • # Full Baths-Unit 4: 1
    • Appliances/Features Unit 4: Stove, Refrigerator
    • Lease Exp Date (Mo/Yr) - Unit 4: 09-20-2026
    • Sec Deposit $ - Unit 4: NA
    • Tenant Pays - Unit 4: Electric, Gas

    Property History for 3051 North Racine Avenue

    DateEvent & SourcePriceAppreciation
    Nov 8, 2019

    Sold (Public Record)

    Public Record #657362869

    $850,000—
    Nov 8, 2019

    Sold

    MRED #10442951

    $850,000—
    Sep 11, 2019

    Pending

    MRED #10442951

    —
    DateEvent & SourcePrice
    11/08/2019

    Sold (Public Record)

    Public Record #657362869

    $850,000
    11/08/2019

    Sold

    MRED #10442951

    $850,000
    09/11/2019

    Pending

    MRED #10442951

    —

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

    Public Records for 3051 North Racine Avenue

    Taxable Value

    Land

    $52,635

    Additions

    $64,365
    Total$117,000

    Tax Record

    2023

    $17,934 ($1,495 / month)

    Home Facts

    Baths

    4

    Total Finished SqFt

    3,894 SqFt

    Above Grade Finished SqFt

    3,894 SqFt

    Stories

    3

    Lot Size

    3,025 SqFt

    Style

    Multi-Family Res (5+ Units)

    Year Built

    1894

    County

    COOK

    APN

    14-29-207-004

    Schools near 3051 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

    New listings in 60657

    $539,000 | 3180 North Lake Shore Drive, Unit 17F, Chicago, IL 60657
    1/33
    Virtual TourNew

    $539,000

    2
    Bedrooms
    1,550
    Square Feet
    $2,200,000 | 925 West Wolfram Street, Chicago, IL 60657
    1/21
    New

    $2,200,000

    3
    Bedrooms
    2,270
    Square Feet
    0.14
    Acres
    $249,000 | 3410 North Lake Shore Drive, Unit 15G, Chicago, IL 60657
    1/19
    Listed By Coldwell Banker RealtyNew

    $249,000

    1
    Bedrooms
    700
    Square Feet
    $569,000 | 3530 North Lake Shore Drive, Unit 7B, Chicago, IL 60657
    1/27
    Listed By @propertiesNew

    $569,000

    2
    Bedrooms
    2,000
    Square Feet
    $350,000 | 330 West Diversey Parkway, Unit 706, Chicago, IL 60657
    1/25
    New

    $350,000

    2
    Bedrooms
    1,140
    Square Feet
    $382,000 | 3100 North Lake Shore Drive, Unit 1408, Chicago, IL 60657
    1/20
    New

    $382,000

    2
    Bedrooms
    950
    Square Feet
    $625,000 | 3454 North Ashland Avenue, Unit 4S, Chicago, IL 60657
    1/33
    See It First@properties Coming Soon

    $625,000

    2
    Bedrooms
    1,310
    Square Feet
    $169,000 | 3440 North Lake Shore Drive, Unit 3C, Chicago, IL 60657
    1/16

    $169,000

    1
    Bedrooms
    800
    Square Feet
    $350,000 | 3150 North Sheffield Avenue, Unit 607, Chicago, IL 60657
    1/23
    Listed By Compass

    $350,000

    1
    Bedrooms
    680
    Square Feet

    Nearby home values

    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.

    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 07:58 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.