Beds7
Baths4
On Site14 days
Year1903
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Tim Stassi
(312) 371-1070ASAP
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Status:
Active
Property Type:Multi Family- 2-4 Units
MLS #:11880764
On Site:14 Days
County:Cook
Presenting a great investment opportunity, this two-story building boasts four well-maintained apartments (two of which were owner occupied). The units each have a mix of traditional design and trim, hardword floors mixed with updated kichens. Three spacious two-bedroom, one-bath units offering quaint living spaces and ample natural light. The fourth apartment, a cozy one-bedroom, one-bath unit, suits singles or couples perfectly. This well-managed property had consistent rental income but is current vacant to prepare the units for sale. Situated in a prime location with easy access to amenities, schools, and transportation, it appeals to a wide tenant demographic. With impressive local rental rates, there is potential for increased cash flow, This property represents a secure and lucrative real estate investment. This property is also combined as a package with an adjacent lot (Listing# 11885072) for an opportunity to either enjoy the space, or possibly build another dream house next door. Seller is motivated and will consider all written offers.
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Price Change History
Date | Old Price | New Price | Percent Change |
9/18/2023 | $748,000 | $548,000 | -26.7% |
Community Information
Address:3238 S Racine Ave, Chicago, IL 60608
Area:Bridgeport
County:Cook
City:Chicago
School District:299
Township:South Chicago
Zip Code:60608
Architecture
Bedrooms:
7
Bathrooms:
4
Year Built:1903
Exterior Construction Type: Brick
Total # Units in Building: 4
Age Range: 100+ Years
Basement: Crawl
Features / Amenities
Cars: 0
Heat Source / Type: Natural Gas, Electric
Total Rooms:19
Property Features
Lot Dimensions:Standard Chicago Lot
Sewer: Public Sewer
Water: Lake Michigan, Public
Transportation: Commuter Bus, Commuter Train, Interstate Access
Directions:West bound on 35th St to Racine, north bound on Racine to 3238 S Racine.
Tax and Financial Info
Tax Year: 2021
Tax Annual Amount: $2,863.03
Ownership: Fee Simple
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3238 S Racine Ave Chicago, IL 60608
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Sep
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29
Sep
Sat
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Sep
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Oct
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3
Oct
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Listings courtesy of MRED MLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of September 26, 2023 6:30 AM CST. 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.
Properties displayed may be listed or sold by various participants in the MLS