Closed
$500,000
3238 S Racine Ave, Chicago, IL 60608
7beds
--sqft
Multi Family
Built in 1903
-- sqft lot
$622,100 Zestimate®
$--/sqft
$2,511 Estimated rent
Home value
$622,100
$572,000 - $684,000
$2,511/mo
Zestimate® history
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Owner options
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What's special
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.
Zillow last checked: 8 hours ago
Listing updated: March 26, 2024 at 09:20am
Listing courtesy of:
Mark Johns 773-780-9825,
Gordon Realty Co.
Bought with:
Mark Johns
Gordon Realty Co.
Source: MRED as distributed by MLS GRID,MLS#: 11880764
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Electric
Features
- Basement: Crawl Space
Property
Lot
- Size: 2,976 sqft
- Dimensions: 24 X 124
Details
- Parcel number: 17321100400000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1903
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & neighborhood
Location
- Region: Chicago
Other
Other facts
- Listing terms: Cash
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 2/29/2024 | Sold | $500,000-7.1% |
Source: | ||
| 1/17/2024 | Pending sale | $538,000 |
Source: | ||
| 10/13/2023 | Price change | $538,000-1.8% |
Source: | ||
| 9/19/2023 | Price change | $548,000-26.7% |
Source: | ||
| 9/14/2023 | Listed for sale | $748,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Neighborhood: Bridgeport
Nearby schools
GreatSchools rating
- 8/10Armour Elementary SchoolGrades: PK-8Distance: 0.3 mi
- 1/10Tilden Career Communty Academy High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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$622,100
2% more+ $12,442
With Zillow Showcase(estimated)
$634,542