Sold
Last Sold Price
16 beds
3100 N Racine Ave, Chicago, IL 60657
Multi FamilyProperty Type
6,120 sq ftLot Size
1890Year Built
5 carsParking Spaces

Description

Come see this gorgeous six-unit center entrance apartment building located in Chicago's popular Lakeview neighborhood. The Property consists of two (2) 2Bd/1Ba, three (3) 3Bd/1Ba, and one (1) 3Bd/2Ba spacious and sun-filled apartments due to the building's corner location. The units feature hardwood floors, HVAC, and three apartments have in-unit laundry (2S,2N,3N). A number of the units have received updates, such as granite countertops, stainless steel appliances, and new bathroom fixtures. The...Come see this gorgeous six-unit center entrance apartment building located in Chicago's popular Lakeview neighborhood. The Property consists of two (2) 2Bd/1Ba, three (3) 3Bd/1Ba, and one (1) 3Bd/2Ba spacious and sun-filled apartments due to the building's corner location. The units feature hardwood floors, HVAC, and three apartments have in-unit laundry (2S,2N,3N). A number of the units have received updates, such as granite countertops, stainless steel appliances, and new bathroom fixtures. The Property has wood porches in the rear of the building, a basement with coin laundry, and five exterior parking spaces. Market rents for the area average 8- 30% higher, allowing a potential investor to raise rents "as-is".

    Sold By Third Coast Realty LLC

    • Listed by: John Warren 708.315.7310 fortesaleschicago@gmail.com • Forte Properties, Inc.
    Listing closed: 12/22/2022 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 11489296

    Recent comparable sales

    Median sold price

    $1,825,000

    Avg days on market

    28

    Sale-to-list ratio

    95.3%

    Chicago, IL

    9 comparable properties found

    front view of a brick house
    1/32
    1

    $1,920,000

    Sold 10/09/25

    10
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres
    a front view of a house with parking area
    1/10
    2

    $2,050,000

    Sold 12/30/25

    8
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres
    a front view of a building with street
    1/16
    3

    $1,465,000

    Sold 10/09/24

    6
    Bedrooms
    Unavailable
    Square Feet
    0.06
    Acres
    a kitchen with a stove and a sink
    1/6
    4

    $1,400,000

    Sold 11/26/24

    14
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres
    $1,890,000 | 1434 North Bosworth Avenue, Chicago, IL 60642
    1/11
    5

    $1,890,000

    Sold 04/29/25

    11
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres
    a front view of a residential apartment building with a yard
    1/16
    6

    $560,000

    Sold 11/24/25

    16
    Bedrooms
    Unavailable
    Square Feet
    0.14
    Acres
    $2,200,000 | 1114 North Wolcott Avenue, Chicago, IL 60622
    1/14
    7

    $2,200,000

    Sold 12/30/24

    15
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres
    8

    $1,825,000

    Sold 04/08/25

    Unavailable
    Bedrooms
    7
    Bathrooms
    6,757
    Square Feet
    0.07
    Acres
    9

    $1,650,000

    Sold 03/18/25

    Unavailable
    Bedrooms
    7
    Bathrooms
    3,949
    Square Feet
    0.07
    Acres

    Location

    Add your commute

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    $11,408 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $9,149

    Property Taxes

    $2,259

    HOA Dues

    $0

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    Property Information for 3100 North Racine Avenue

    Property Details
    • Taxes: $27,110 / year
    • MLS Type: Multi Family 5+ / Flats
    • County: Cook County
    • Area: CHI - Lake View
    Building Information
    • Stories: 2
    • Residences: 6
    • Year Built: 1890
    • Lot Size: 0.14 AC / 6,120 SF
    General Information
    Location and General Information
    • Information: None
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • Heat/Ventilation: Forced Air
    • Num of Baths: 7.0
    Property/Lot Information
    • Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
    • Built Before 1978: Yes
    • Approximate Age: Older
    • Multi-Family Type: Flats
    • Lot Dimensions: 61.2X100
    • Stories: 2
    Property and Assessments
    • Public Document Count: 0
    • Photos Count: 10
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 6
    Income & Expenses
    • Electric Expense: $782.00
    • Fuel Expense: $643.00
    • Gross Income: $163,892.00
    • Gross Scheduled Income: $163,892.00
    • Insurance Expense: $4,764.00
    • Maintenance Expense: $2,400.00
    • Janitor Expense: 2100
    • Total Monthly Income: 13624
    • Net Operating Income: $99,426.00
    • Operating Expense: $56,348.00
    • Other Expense: $1,200.00
    • Trash Expense: $2,430.00
    • Water Sewer Expense: $3,453.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 2
    Unit 2
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 3
    Unit 3
    • Unit Type Baths Total: 2
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 3
    • Unit Type Units Total: 1
    Unit 4
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 4
    • Unit Type Units Total: 0
    Unit 5
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 5
    • Unit Type Units Total: 0
    Unit 6
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 6
    • Unit Type Units Total: 0
    Unit 7
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 7
    • Unit Type Units Total: 0

    Property History for 3100 North Racine Avenue

    DateEvent & SourcePriceAppreciation
    Dec 22, 2022

    Sold

    MRED #11489296

    $1,800,000
    Dec 19, 2022

    Sold (Public Record)

    Public Record #1503227991

    $1,800,000

    -2.7% / yr

    Sep 12, 2022

    Pending

    MRED #11489296

    DateEvent & SourcePrice
    12/22/2022

    Sold

    MRED #11489296

    $1,800,000
    12/19/2022

    Sold (Public Record)

    Public Record #1503227991

    $1,800,000

    -2.7% / yr

    09/12/2022

    Pending

    MRED #11489296

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

    Public Records for 3100 North Racine Avenue

    Taxable ValueLand$96,495Additions$96,505Total$193,000
    Tax Record2023$37,978 ($3,165 / month)
    Home Facts
    Baths6Total Finished SqFt7,470 SqFtAbove Grade Finished SqFt7,470 SqFtStories3Lot Size6,122 SqFtStyleMulti-Family Res (5+ Units)Year Built1889Year Renovated1890ZoningRT-4CountyCOOKAPN14-29-107-035-0000

    Schools near 3100 North Racine Avenue

    This home is within Chicago Public Schools.
    Rating
    School
    Type
    Grades
    Distance
    Public - K to 8
    Public - 9 to 12
    Public - K to 8
    Public - PK to 8
    Rating
    School
    Distance
    Burley Elementary School
    PublicK to 8

    Lake View 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 Forte Properties, Inc.

    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 12/26/2022 11:56 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.