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$1,985,000
119 Days Online

4431 N Racine Avenue
Chicago, IL 60640

For Sale|Multi-Family|Active
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Keller Williams ONEChicago

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4431 N Racine Avenue4431 N Racine Avenue4431 N Racine Avenue4431 N Racine Avenue
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Center-entrance six-unit apartment building located in Chicago's vibrant Sheridan Park neighborhood. Given its location, the property presents an investor with the opportunity to leverage the City's ADU Pilot Program and the potential to convert the property into eight (8) legal units by adding two (2) 2 Bed/2 Bath Garden units. The Subject Property currently consists of four (4) 3 Bed/2 Bath units and two (2) 4 Bed/2 Bath units. The property also includes two (2) large unfinished basements, back decks, a communal backyard and four (4) to five (5) exterior parking spaces. In addition, a new owner may benefit from adding central air conditioning and heating, and in-unit laundry. These improvements may equate to an estimated 47% increase in income. The property, which benefits from convenient access to multiple CTA Stations and bus stops, is located across the street from Harry S Truman College, as well as a multitude of trendy restaurants, local coffee shops and evening entertainment options.

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Listing Snapshot
Price 
$1,985,000
Days Online 
119 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1906
MLS Number 
11427200
Status 
Active
Property Tax 
$18,450
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS
4 months agoListing first seen online
General Features
Parking Spaces 
4
Number of Stories 
3
Zoning 
MULTI
Number Of Stories 
3
Parking Total 
4
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Community Features
MLS Area 
CHI - Uptown
Listing Courtesy of MRED as distributed by MLS Grid of Keller Williams ONEChicago



Based on information submitted to the MLS GRID as of 2022-10-03 07:55 AM UTC. 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.
Data last updated: 2022-10-03 07:55 AM UTC
MRED DMCA Copyright Information Copyright © 2022 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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