Last Sold Price
24 beds
7000 S Racine Ave, Chicago, IL 60636

Description

Located in the opportunity zone, add -value ten-unit apartment building in the Englewood neighborhood. Brick corner building consists of four (4) three-bedroom / one-bathroom units, six (6) two-bedroom / one-bathroom units and one (1) bedroom / one-bathroom units. All units are on month/month leases. New ownership has the opportunity to update the units and rent them out at market rate. Sold As-Is, Where is.Located in the opportunity zone, add -value ten-unit apartment building in the Englewood neighborhood. Brick corner building consists of four (4) three-bedroom / one-bathroom units, six (6) two-bedroom / one-bathroom units and one (1) bedroom / one-bathroom units. All units are on month/month leases. New ownership has the opportunity to update the units and rent them out at market rate. Sold As-Is, Where is.
LISTING CLOSED: 03/31/2022 12:00 AM

  1. Listed by Dhereck Gomez • 33 Realty
    P: (773) 587-4304 dhereck.gomez@33realty.com

Sold By Keller Williams Preferred Rlty

Property Details for 7000 South Racine Avenue

Status
MLS #
10859204
Days on Market
402
Taxes
$10,742 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi Family 5+ / Corridor-Interior Entrance
Year Built
1914
Lot Size
0.14 AC / 6,147 SF
Area
CHI - West Englewood
Num Of Parking Spaces
0.0

Recent comparable sales

Median sold price

$635,000

Avg days on market

168

Sale-to-list ratio

82.2%

Chicago, IL

9 comparable properties found

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Square Feet
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Acres
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Bedrooms
Unavailable
Square Feet
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Sold 12/30/24

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Bedrooms
Unavailable
Square Feet
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Sold 09/15/25

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Bedrooms
Unavailable
Square Feet
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Acres
a front view of a building
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Sold 06/20/25

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Bedrooms
Unavailable
Square Feet
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Acres
$400,000 | 7304 South Union Avenue, Chicago, IL 60621
1/93
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Bedrooms
Unavailable
Square Feet
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Acres
$375,000 | 1203 West 78th Place, Chicago, IL 60620
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Sold 01/15/26

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Bedrooms
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Location

Add your commute

Building Information for 7000 South Racine Avenue

Stories3Residences10Year Built1914Building Size-Lot Size0.14 AC / 6,147 SF

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Principal and Interest

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Property Taxes

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HOA Dues

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Property Information for 7000 South Racine Avenue

General Information
Location and General Information
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Gas,Hot Water
  • Num of Baths: 10.0
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 124 X 50
  • Lot Size Square Feet: 6147.0
  • Stories: 3
  • Exterior Building Type: Brick
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 6
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 10
Income & Expenses
  • Electric Expense: $720.00
  • Fuel Expense: $9,000.00
  • Gross Income: $79,200.00
  • Gross Scheduled Income: $79,200.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Janitor Expense: 0
  • Total Monthly Income: 6600
  • Net Operating Income: $46,320.00
  • Operating Expense: $32,880.00
  • Other Expense: $.00
  • Trash Expense: $1,608.00
  • Water Sewer Expense: $5,400.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 6
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 4
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
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 7000 South Racine Avenue

DateEvent & SourcePriceAppreciation
Mar 31, 2022

Sold

MRED #10859204

$350,000
Feb 27, 2022

Expired

MRED #10859204

Feb 23, 2022

Sold (Public Record)

Public Record #1490809417

$350,000

+2.0% / yr

DateEvent & SourcePrice
03/31/2022

Sold

MRED #10859204

$350,000
02/27/2022

Expired

MRED #10859204

02/23/2022

Sold (Public Record)

Public Record #1490809417

$350,000

+2.0% / yr

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

Public Records for 7000 South Racine Avenue

Taxable ValueLand$5,625Additions$65,475Total$71,100
Tax Record2023$12,650 ($1,054 / month)
Home Facts
Total Finished SqFt8,916 SqFtAbove Grade Finished SqFt8,916 SqFtStories2Lot Size6,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1913Year Renovated1914ZoningB1-1CountyCOOKAPN20-20-331-024-0000

Schools near 7000 South Racine Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Charter - PK to 8
Rating
School
Distance
Bond Elementary School
PublicPK to 8

Englewood STEM High School
Public9 to 12

EXCEL ACADEMY - ENGLEWOOD HS
Public9 to 12

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

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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.

Listing Courtesy of 33 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 05/03/2022 11:03 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.