4431 North Racine Avenue, Chicago, IL, 60640

$1,985,000

About 4431 North Racine Avenue

Center-entrance six-unit apartment building located in Chicago's vibrant Sheridan Park neighborhood. Given its location, the property presents an investor with the opportunity to leverage the City's ADU Pilot Program and the potential to convert the property into eight (8) legal units by adding two (2) 2 Bed/2 Bath Garden units. The Subject Property currently consists of four (4) 3 Bed/2 Bath units and two (2) 4 Bed/2 Bath units. The property also includes two (2) large unfinished basements, back decks, a communal backyard and four (4) to five (5) exterior parking spaces. In addition, a new owner may benefit from adding central air conditioning and heating, and in-unit laundry. These improvements may equate to an estimated 47% increase in income. The property, which benefits from convenient access to multiple CTA Stations and bus stops, is located across the street from Harry S Truman College, as well as a multitude of trendy restaurants, local coffee shops and evening entertainment options.

Additional Information: This property is located in the CHI - Uptown neighborhood, IL. This 0 bedrooms multi family 5+ property is priced at $1,985,000.

Facts & Features

MLS® # 11427200
Price $1,985,000
Bathrooms 0.00
Taxes $18,450
Acres 0.00
Year Built 1906
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 4431 North Racine Avenue
Area CHI - Uptown
City Chicago
County Cook
State IL
Zip Code 60640

Amenities

Parking Spaces 4
Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Additional Information

Days on Market 123
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No
Taxes $18,450

Listing Details

OfficeKeller Williams ONEChicago

Listing Map

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