7146 S RACINE Avenue
Chicago, IL 60636

Status: Active
Multi Family
4 beds
0 baths
0 sq.ft
Listing Price: $275,000
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About this home

Welcome to your next investment! Fall in love with this traditional yellow brick two-flat. Live in one unit and rent the other. The second floor has refinished hardwood floors, two bedrooms and one bath. The first floor has hardwood floors, two bedrooms and one bath. This property has massive value add with a partially finished basement which can be converted into a garden unit over time that makes it even more of fantastic value. This multi-unit also includes a spacious 2 car garage and a nice sized backyard. Great opportunity for those who seek the opportunity of putting some finishing touches on this beautiful property; both units are currently occupied so you don't have to do much to get the invest UP and Running. Schedule your showings today!

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 91-100 Years
3 Bedroom Unit in Building No
Approx Year Built 1929
Parking Total 2
Exterior Building Type Brick
Exterior Property Features Deck
Foundation Concrete Perimeter
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Roof Type Rubber
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - West Englewood
Zoning Type MULTI
Corporate Limits Chicago
Directions EAST OR WEST ON 71ST, SOUTH ON RACINE TO ADDRESS
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township Lake
Interior Features
Basement Description Partially Finished
Basement Full
Bedrooms Count 4
Bedrooms Possible 4
Baths Count 2
Full Baths in Building Count 2
Total Rooms 10
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1050
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 6/30
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1250
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 05/31
Rooms Total 5
Tenant Pays Electric,Gas
Floor Number 2
Property / Lot Details
Lot Dimensions 25 X 125
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

Gross Rental Income $27,600
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 20291090590000
Special Assessments N
Taxes $1,217
Tax Exemptions None
Tax Year 2022
$275,000 Listing Price:
MLS # 12031192
Investment Profile Residential Income
Listing Market Time 17 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 2
Parking Garage
List Date 04/17/2024
Year Built 1929
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