5029 S Racine Avenue

Chicago, Illinois 60609

Brittany Bussell

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

Perfect investment opportunity with the gross income of $30,600 per year. Legal income producing 3 unit property. Brick building with full unfinished basement. Roof 2yrs old, security cameras, forced heat in all 3 units. 1st FL unit rent is below neighborhood average for 4 bedroom due to having great long term tenant. All units have high ceilings. Apt #2REAR recently updated with new bathroom tile, vanity, toilet & mirror. Kitchen has new cabinets, new flooring, New fridge, new stove. New ceiling fans in kitchen and bedrooms (pictures are from the rehab-it doesn't show the unit was re-painted). Huge fenced backyard for 3-4 cars. Newer water heater, tuck-pointing 5-6 years old, back wooden porch needs to be repainted, other 2 units could use some updates. Tenants are given free internet so that is the additional expense of $800. Coin washer and dryer in basement just need to do the plumbing for extra income. Clean from violations. Great building and self managed. PRIVATE SHOWINGS ONLY-Do not disturb tenants. **$3000 CLOSING COST CREDIT***Owner is license agent in the state of IL. *Sold AS *IS but solid building and great add to your investment portfolio.

Full Features
Architecture Style: Brownstone
Exterior Type: Brick
Basement: Unfinished
Beds Above Grade: 8
Beds Below Grade: 0
Heating System: Natural Gas, Forced Air, 2+ Sep Heating Systems, Indv Controls
Pool: No
Age: 100+ Years
Parking Type: Space/s
Parking Spaces: 4
Roof Type: Flat
Room Count: 12
Water Front: No
Square Feet: N/A
Tax Amount: $1,801
Tax Year: 2019

Taxes & Assessments
Taxes: $1,801

Listing information updated 7/26/2021 at 7:43am

Listing Office: Signature Realty Group, 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




5029 S Racine Avenue Chicago, Illinois 60609 is a multiple unit (2-4) which sold for $275,000. 5029 S Racine Avenue features 8 bedroom(s) and 3 bath(s). This multiple unit (2-4) has been listed on @properties since June 7th, 2021. 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 5029 S Racine Avenue Chicago, Illinois 60609? Contact an @properties agent to request more info.

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