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    3021 N Racine Ave Chicago, IL 60657

    For Sale
    $825,000

    Land - Chicago, IL

    Days on Market:
    31
    Last Refresh:
    Dec 13 at 2:06 am

    Property Features for 3021 N Racine Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    14292070160000

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Architectural style
    Other

    Dream Town Realty (312) 265-8000 [email protected]

    Listing agent Heather Hillebrand (312) 265-8000 License #471017870

    Listing date Nov 13, 2025

    MLS# 12516645 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lakeview Land Opportunity

    This property presents an opportunity to acquire land in the Lakeview area of Chicago. The lot measures 24x121 and is zoned R3. Currently, the site is occupied by a two-flat building. Unit 1 is leased for $2235 with the lease ending on November 25. Unit 2 is leased for $3250 on a month-to-month basis. The annual property taxes are $15,297.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6585188
    Latitude
    41.9368796

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    FAQs

    What type of property is this?
    Residential land & home lot - Prime Lakeview land available in Chicago.
    Where is this residential land & home lot located?
    The property is located at 3021 N Racine Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: - Prime Lakeview location.; - R3 zoning on a 24x121 lot.; - Income-generating two-flat property.
    (312) 265-8000
    Request Owner's contact information
    3021 N Racine Ave Chicago, IL 60657
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    Chicago, IL 60657
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3021 N Racine Ave Chicago, IL 60657
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