2815 N Racine Avenue
Chicago, IL 60657

Status: Sold
Multi Family
9 beds
0 baths
0 sq.ft
Listing Price: $1,150,000

About this home

Rare find! Majestic 3-story Greystone, exudes all the charm of the Victorian era, nestled in the heart of Chicago's vibrant South Lakeview neighborhood. This cherished property, making its debut on the market after a 37-year tenure, boasts meticulously maintained units, offering a blend of modern updates and historic charm, located near the intersection of Racine, Diversey and Lincoln. Originally built in 1895 the property has much of the vintage charm preserved, including wood trim, art fireplaces, leaded glass and built-ins, and features three distinct units, all sun filled and spacious featuring formal living rooms, large dining rooms, huge eat-in-kitchens with pantries and enclosed rear porches. The owner's duplex unit boasts three bedrooms plus an office, a family room, two bathrooms, has separate utilities and was renovated with architect/permits in the 90s. The 2nd and 3rd floor units each 3 BR + Office 1 Bath and heat is provided by owner. Dishwashers in the 1st and 2nd floor units. The 2nd floor also has in-unit laundry. The fully fenced backyard oasis is professionally landscaped with many trees, shrubs and perennials, as well as a paved walkway and concrete patio adjacent to the charming 2-car brick garage. Tenants are family and close friends, on month to month. Rental potential with minimal updates are projected to be in the $90, 000 range per year. Tenants and owners alike will enjoy unparalleled access to an array of renowned restaurants, bars, and entertainment venues, this property epitomizes the allure of city living. Don't miss this extraordinary chance to own a piece of Lakeview history while embracing a lucrative investment opportunity.

Property details

Interior Features
Additional Rooms Enclosed Porch
Basement Description Finished, Rec/Family Area, Sleeping Area, Storage Space
Bath Amenities Soaking Tub
Basement Full
Bedrooms Count 9
Bedrooms Possible 9
Baths Count 4
Full Baths in Building Count 4
Total Rooms 24
Units
unit 1
Beds Total 3
Baths Total 2
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave
Full Baths Total 2
Lease Expiration Date OWNR
Rooms Total 10
Security Deposit OWNR
Tenant Pays All, Electric, Gas, Heat, Parking
Floor Number 1
Square Feet 2100
unit 2
Beds Total 3
Baths Total 1
Actual Rent 1500
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher
Full Baths Total 1
Lease Expiration Date MO
Rooms Total 7
Tenant Pays Electric,Gas
Floor Number 2
Square Feet 1400
unit 3
Beds Total 3
Baths Total 1
Actual Rent 1500
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date MO
Rooms Total 7
Security Deposit 1500
Tenant Pays Electric,Gas
Floor Number 3
Square Feet 1450
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Additional Media Type 1 3D Tour
Additional Media URL 1 External link
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1891
Parking Total 2
Exterior Building Type Brick
Exterior Property Features Brick Paver Patio
Foundation Brick/Mortar, Stone
Garage Details Garage Door Opener(s)
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Rehab Year 1991
Roof Type Rubber ,Flat
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Curbs, Gated, Sidewalks, Street Lights, Street Paved
Area Major CHI - Lake View
Zoning Type MULTI
Corporate Limits Chicago
Directions Diversey Pkwy W To Racine N To Address
Equipment CO Detectors, Ceiling Fan(s)
Elementary School Harriet Tubman Elementary School
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air, Steam
High Sch Lincoln Park High School
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle School Harriet Tubman Elementary School
Jr High/Middle Dist 299
Other Public Sch Dist 299
Township Lake View
Property / Lot Details
Deconversion N
Lot Dimensions 25 X 124
Lot Size Source County Records
Lot Size Less Than .25 Acre
Model GREYSTONE
Ownership Fee Simple
Style of House Greystone
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units

Financials

ElectricExpense 952
Electric Expense Source Actual
Financing Conventional
Fuel Expense $5,411
Fuel Expense Source Actual
Gross Rental Income $36,000
Insurance Expense $1,671
Insurance Expense Source Actual
Manager Expense Source AC
MaintenanceExpense 300
Rental Income 36000
Scavenger Expense $1,000
Investment Profile Residential Income
Water Expense $1,770

Tax/Assessments/Liens

PIN 14292270050000
Special Assessments N
Taxes $21,048
Tax Exemptions Homeowner
Tax Year 2021
$1,150,000 Listing Price:
MLS # 12029922
Investment Profile Residential Income
Listing Market Time 45 days
Basement Full
Type Unit 3 Flat
Number of Units in Building 3
Parking Garage
List Date 04/22/2024
Year Built 1891
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