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    3021 N Racine St Chicago, IL 60657

    For Sale
    $825,000

    Residential Income - Chicago, IL

    Days on Market:
    32
    Last Refresh:
    Dec 14 at 7:06 pm

    Property Features for 3021 N Racine St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    APN
    14292070160000
    Parking
    2

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1876
    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# 12516294 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 Two-Flat Income Property

    Located in the heart of Lakeview, this property features a two-flat residential income building on a 24x121 R3 lot. Unit 1 is currently occupied with a lease ending on 11/25 and a monthly rent of $2235. Unit 2 is occupied on a month-to-month basis with a monthly rent of $3250. The annual property taxes are $15,297.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6568
    Latitude
    41.9396

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    FAQs

    What type of property is this?
    Duplex - Two-unit residential income property in prime Lakeview location.
    Where is this duplex located?
    The property is located at 3021 N Racine St 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 allows for development opportunities.; - Existing 2-flat building provides immediate rental income.
    (312) 265-8000
    Request Owner's contact information
    3021 N Racine St 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 St Chicago, IL 60657
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