Unlock value and long term upside with this strategically located investment property in the heart of Chicago's South Side. Situated in the New City / Back of the Yards area this home presents a strong value add opportunity for investors seeking appreciation redevelopment potential or long term portfolio growth. A brand new roof has already been completed removing a major capital expense and adding immediate value for the next owner a significant advantage for investors planning renovations or long term holds. Bring your vision run the numbers and capitalize on an opportunity in an established Chicago neighborhood with strong long term potential.
Active
$74,900
5245 S Racine Ave, Chicago, IL 60609
2beds
903sqft
Est.:
Single Family Residence
Built in 1895
3,125 Square Feet Lot
$-- Zestimate®
$83/sqft
$-- HOA
What's special
Brand new roof
- 8 days |
- 846 |
- 40 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: January 04, 2026 at 10:07pm
Listing courtesy of:
Jessica Macey (312)282-5652,
Real Broker LLC
Source: MRED as distributed by MLS GRID,MLS#: 12538330
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Rooms
- Room types: No additional rooms
Primary bedroom
- Level: Main
- Area: 110 Square Feet
- Dimensions: 11X10
Bedroom 2
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10X10
Kitchen
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10X10
Living room
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12X11
Heating
- Forced Air
Cooling
- None
Features
- Basement: Finished,Full
Interior area
- Total structure area: 0
- Total interior livable area: 903 sqft
Property
Parking
- Total spaces: 2
- Parking features: Yes, Detached, Garage
- Garage spaces: 2
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 2
Lot
- Size: 3,125 Square Feet
Details
- Parcel number: 20084080180000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick
Condition
- New construction: No
- Year built: 1895
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & HOA
HOA
- Services included: None
Location
- Region: Chicago
Financial & listing details
- Price per square foot: $83/sqft
- Tax assessed value: $74,990
- Annual tax amount: $323
- Date on market: 12/31/2025
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
$1,920/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/31/2025 | Listed for sale | $74,900$83/sqft |
Source:  MRED as distributed by MLS GRID #12538330 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $323 +17% | $7,499 |
| 2022 | $276 -9.1% | $7,499 |
| 2021 | $304 -45% | $7,499 +34.4% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$440/mo
Principal & interest
$290
Property taxes
$124
Home insurance
$26
Climate risks
Neighborhood: Back of the Yards
Nearby schools
GreatSchools rating
- 6/10Sherman School of ExcellenceGrades: PK-8Distance: 0.2 mi
- 1/10Tilden Career Communty Academy High SchoolGrades: 9-12Distance: 0.9 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.
- Loading
- Loading
