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  • $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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    $3,386/mo

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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#: 11880764MLS Logo

    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

    DateEventPrice
    2/29/2024Sold$500,000-7.1%
    Source: MRED as distributed by MLS GRID #11880764 Report a problem
    1/17/2024Pending sale$538,000
    Source: MRED as distributed by MLS GRID #11880764 Report a problem
    10/13/2023Price change$538,000-1.8%
    Source: MRED as distributed by MLS GRID #11880764 Report a problem
    9/19/2023Price change$548,000-26.7%
    Source: MRED as distributed by MLS GRID #11880764 Report a problem
    9/14/2023Listed for sale$748,000
    Source: MRED as distributed by MLS GRID #11880764 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Bridgeport

    Nearby schools

    GreatSchools rating
    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