5429 S Racine Avenue
Chicago, IL 60609

Status: Sold
Multi Family
5 beds
0 baths
0 sq.ft
Listing Price: $276,000

About this home

Welcome to this well maintained two-flat residence in Back of the Yards, located right along the Garfield corridor. Each unit includes 2 bedrooms and 1 bathroom, with potential for an owners studio or garden unit in the basement. This home offers unique options with the owner's suite in the basement that was originally part of the first floor duplex. Keep it that way, or easily reopen the doorway to recreate the original floorplan, adding versatility and value to the property. With its prime location and desirable features, this turnkey investment is ideal for investors or owner-occupants seeking to leverage rental income to offset mortgage expenses. Don't miss the chance to explore the endless possibilities of this versatile property-whether you aim to rent both units for consistent cash flow or reside in one while renting out the other, this home promises exceptional opportunities for savvy buyers and investors alike. Great location across the street from Sherman Park and library.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 91-100 Years
3 Bedroom Unit in Building No
Approx Year Built 1925
Parking Total 2
Exterior Building Type Brick
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Rehab Year 2019
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - New City
Corporate Limits Chicago
Directions Garfield to Racine, North to property
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township Lake
Interior Features
Basement Description Partially Finished
Basement Bathrooms No
Basement Full
Bedrooms Count 5
Bedrooms Possible 5
Baths Count 2
Full Baths in Building Count 2
Total Rooms 10
Units
unit 1
Beds Total 2
Baths Total 1
Appliances And Features Stove, Refrigerator, Central Air Conditioner
Full Baths Total 1
Lease Expiration Date VAC
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1200
Appliances And Features Stove, Refrigerator, Central Air Conditioner
Full Baths Total 1
Lease Expiration Date 09/24
Rooms Total 4
Security Deposit 1200
Tenant Pays Electric, Gas, Heat
Floor Number 2
Property / Lot Details
Lot Dimensions 25X125
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units

Financials

Financing FHA
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 20084230070000
Special Assessments N
Taxes $2,263
Tax Exemptions None
Tax Year 2023
$276,000 Listing Price:
MLS # 12108893
Investment Profile Residential Income
Listing Market Time 57 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 2
Parking Garage
List Date 07/11/2024
Year Built 1925
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