5245 S Racine Ave

Chicago, IL 60609

$74,900
Price
2
Beds
903 Sq. Ft.
$83 / Sq. Ft.
903
Sq. Ft.
$83
per Sq. Ft.
Open: 1/3 11:00AM - 12:00PM
Open: 1/3 11:00AM - 12:00PM

Description

Unlock value and long term upside with this strategically located investment property in the heart of Chicago's South Side. Situated in the New City / Back of the Yards area this home presents a strong value add opportunity for investors seeking appreciation redevelopment potential or long term portfolio growth. A brand new roof has already been completed removing a major capital expense and adding immediate value for the next owner a significant advantage for investors planning renovations or long...Unlock value and long term upside with this strategically located investment property in the heart of Chicago's South Side. Situated in the New City / Back of the Yards area this home presents a strong value add opportunity for investors seeking appreciation redevelopment potential or long term portfolio growth. A brand new roof has already been completed removing a major capital expense and adding immediate value for the next owner a significant advantage for investors planning renovations or long term holds. Bring your vision run the numbers and capitalize on an opportunity in an established Chicago neighborhood with strong long term potential.
  1. Listed by Jessica Macey • Real Broker LLC
    P: (312)-282-5652 jess@heartofchicagohomes.com

Property Details for 5245 South Racine Avenue

Area
CHI - New City
Township
South Chicago
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Parking Included in Price
Yes
Air Conditioning Type
None
Heat/Fuel
Forced Air

Open Houses

Saturday, Jan 3rd

11:00 AM - 12:00 PM

Public

Saturday, Jan 10th

10:00 AM - 12:00 PM

Public

Sunday, Jan 11th

10:00 AM - 12:00 PM

Public

LISTING UPDATED: 01/01/2026 07:54 PM

Property Details for 5245 South Racine Avenue

StatusNew
MLS #12538330
Days on Market4
Taxes$323 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeDetached Single / 2 Stories
Year Built1895
Lot Size0.07 AC / 3,125 SF
CountyCook County

Location

Listing Courtesy of Real Broker LLC
Add your commute

Building Information for 5245 South Racine Avenue

Stories-Year Built1895Building Size-Lot Size0.07 AC / 3,125 SF

Payment Calculator

$397 per month

30 year fixed, 6.28% Interest

Principal and Interest

$370

Property Taxes

$27

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5245 South Racine Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking Details: Yes, Detached, Garage
Taxes and HOA Information
  • Association Fee Frequency: Not Applicable
  • Association Fee Includes: None
  • Master Association Fee Frequency: Not Required
Property Information
Interior Features
  • Num Of Rooms: 4
  • Bedrooms Total: 2
  • Bedrooms (Below Grade): 0
  • Basement Type: Finished, Full
  • Bedrooms Possible: 2
  • Air Conditioning: None
  • Basement Bathrooms: No
  • Room Type: No additional rooms
  • Num of Baths: 1.1
Exterior Features
  • Type: 2 Stories
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Type Detached: 2 Stories
  • Total Sq Ft: 0
  • Aprox Total Finished Sq Ft: 0
  • Total Finished and Unfin Sq Ft: 0
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 3125
  • Waterfront: No
  • Disability Access and/or Equipped: No
  • Construction: Brick
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 42
  • East Coordinate: 0
  • West Coordinate: 88
  • Living Area Source: Estimated
  • Assessor Square Footage: 903
Property and Assessments
  • Public Document Count: 3
  • Document Date: 2025-12-31T03:46:42
  • Photos Count: 6
  • OpenHouse Count: 3
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Room Information
Master Bedroom Information
  • Master Bedroom Level: Main
  • Room Type: Master Bedroom
  • Master Bedroom Bath: None
  • Master Bedroom Dimensions: 11X10
Bedroom #2 Information
  • 2nd Bedroom Level: Main
  • Room Type: Bedroom 2
  • Bedroom #2 Room Dimensions: 10X10
Bedroom #3 Information
  • 3rd Bedroom Level: N/A
  • Room Type: Bedroom 3
Bedroom #4 Information
  • 4th Bedroom Level: N/A
  • Room Type: Bedroom 4
Dining Room Information
  • Dining Room Level: N/A
  • RoomType_DR: Dining Room
Family Room Information
  • Family Room Level: N/A
  • RoomType_FR: Family Room
Kitchen Information
  • Kitchen Level: Main
  • RoomType_KT: Kitchen
  • Kitchen Dimensions: 10X10
Laundry Information
  • Laundry Level: N/A
  • Room Type: Laundry
Living Room Information
  • Living Room Level: Main
  • Room Type: Living Room
  • Living Room Dimensions: 12X11

Property History for 5245 South Racine Avenue

DateEvent & SourcePriceAppreciation
Dec 30, 2025

Listed (Active)

MRED #12538330

$74,900—
DateEvent & SourcePrice
12/30/2025

Listed (Active)

MRED #12538330

$74,900

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

Public Records for 5245 South Racine Avenue

Taxable ValueLand$2,031Additions$5,468Total$7,499
Tax Record2023$323 ($27 / month)
Home Facts
Beds2Baths1Total Finished SqFt903 SqFtAbove Grade Finished SqFt903 SqFtStories1Lot Size3,125 SqFtStyleSingle Family ResidenceYear Built1895CountyCOOKAPN20-08-408-018

Schools near 5245 South Racine Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Sherman School of Excellence
Public - PK to 8
Peace And Education Coalition High School
Public - 10 to 12
KIPP Bloom Charter Elementary School
Charter - K to 8
CICS Basil
Charter - K to 8
Rating
School
Distance
Sherman School of Excellence
PublicPK to 8

Peace And Education Coalition High School
Public10 to 12

KIPP Bloom Charter Elementary School
CharterK to 8

CICS Basil
CharterK 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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More information about 5245 South Racine Avenue, Chicago, IL 60609

5245 South Racine Avenue is a single family home for sale in Chicago, IL 60609. This property was listed for sale on December 30, 2025 by Real Broker LLC, it's currently listed at $74,900. This listing's school district is Chicago Public Schools. Nearby schools include Sherman School of Excellence, Peace And Education Coalition High School and KIPP Bloom Charter Elementary School. 5245 South Racine Avenue is a 2-bed, 2-bath, 903 sqft single family home built in 1895.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real Broker LLC

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 01/01/2026 07:54 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.