Sold for $1,085,000 on 6/16/21
| Beds |
Baths |
Built |
Sq.Ft. |
Garage |
Taxes |
On Market |
| 5 |
4 |
|
— |
1.5 |
$18,944 |
1515 days |
Superb location, surrounded by multi million dollar homes. Endless possibilities with bonus garden apartment that can be annexed to 1st floor unit for massive owner occupied apartment. Let two additional rental units pay your mortgage. Just steps to DePaul University, shops, restaurants and Brown/Purple/ Armitage stop. This well maintained 3 unit property is a money making machine. Convert to a SFH or simply keep as an armchair investment property, building running smoothly just keep rents coming. Currently (1) 3Br/1bath apartment, (2) 1BR/1bath units plus nonconforming garden unit and 1.5 car garage. Building has many updates including copper plumbing lines, renovated kitchens and bathrooms, updated gas forced air furnace systems, separate utilities, new hot water tanks and many newer windows. Add this to your portfolio, room to improve rents without having to do major renovations. Building has over 5% cap rate potential. Prime for Airbnb business due to enviable location with a walk score of 95. Total annual income includes Garden unit rent.
Listing courtesy of Lucid Realty, Inc.
2143 N Racine Ave. is a multi-unit home, and is located in Chicago, IL, in the Lincoln Park neighborhood. It has 5 bedrooms and 4 bathrooms, a 1.5-car garage, and has annual property taxes of $18,944. This home goes to Oscar Mayer Elementary School and Lincoln Park High School.
Marco Amidei
(888) 32-Marco (847) 630-4886
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