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5027 S Racine Avenue

Chicago, Illinois 60609


Laura Meier
312.282.2122

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$165,000


Bedrooms
6

Bathrooms
2



Property Type
Multiple Unit (2-4)
Community Area
New City


Recently rehabbed in 2016, this 2-Flat is ideal for an owner-occupant or an investor. Ideally, someone who is looking for an investment opportunity or wants to live rent-free while at the same time taking advantage of the positive cash-flow opportunity it presents. Each unit comes with hardwood floors, new enclosed porches, bathrooms, kitchens, electrical and plumbing. The 2nd-floor unit has a built-in washer/dryer with access to an expansive finished attic for the owner-occupant; it's an open canvas waiting for your decorative ideas. The market rent for three-bedrooms in this area can go up as high as $1,200 a month. For that savvy owner-occupant, this means living rent-free and receiving positive cash flow each month. Since the tenant pays all the utilities except for water, taxes, and insurance, rent collections should cover most, if not all, of your monthly escrowed payments and then some. In any event, Living Rent-Free! The property is well maintained and situated in an ideal location, in the "Back of the Yard" neighborhood. Close to shopping, schools, public transport, and expressways. Call today, it won't last!!!



Full Features
Exterior Type: Frame
Basement: Unfinished
Beds Above Grade: 6
Heating System: Gas
Pool: No
Age: 100+ Years
Parking Type: None
Parking Spaces: 0
Room Count: 12
Water Front: No
Square Feet: N/A
Tax Amount: $2,671
Tax Year: 2017


Taxes & Assessments
Taxes: $2,671


Listing Office: eXp Realty, LLC

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New City

Neighborhoods: Canaryville, Back of the Yards

New City is part of the Chicago South Side. Situated just south of Chicago's Loop, Chicago South has experienced rapid development in recent years, particularly in the South Loop neighborhood. Chicago South offers a wide range of housing styles, including…

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School District(s)
City Of Chicago SD 299
Elementary School
Sherman Elementary School
Middle School
Sherman Elementary School, Tilden Career Communty Academy High School
High School
Tilden Achievement Academy High School, Tilden Career Communty Academy High School

School information is provided by the National Center for Education Statistics. This information should only be used as a reference and does not warrant or guarantee enrollment. Please contact applicable schools or school districts directly to verify information and enrollment eligibility.

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Nearby Public Transportation

Metra

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5027 S Racine Avenue Chicago, Illinois 60609 is a multiple unit (2-4) which sold for $165,000. 5027 S Racine Avenue features 6 bedroom(s) and 2 bath(s). This multiple unit (2-4) has been listed on @properties since October 11th, 2019 and was built in 1885. Nearby schools include Sherman Elementary School, Tilden Career Communty Academy High School, Tilden Achievement Academy High School. The nearest transit stops include Metra Electric Main Branch 47th St Metra. Want to learn more about 5027 S Racine Avenue Chicago, Illinois 60609? Contact an @properties agent to request more info.


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