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Triplex with Finished Third Floor
For Sale
$149,900
Pending

5027 S Racine Avenue, Chicago, IL 60609

MULTI_FAMILY - Chicago, IL

Property SizeContact for details
Days on Market28

Property Features for 5027 S Racine Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 5, Basement, Bedroom 3, Bedroom 4, Bedroom 6, Bedroom 1
Parking 2
Basement Unfinished, Full
Elementary school district 299
Middle school district 299
High school district 299
Directions Drive east on West 47th St. Right to South Racine Ave. Left to West 50th St. Turn right. Property is on the right.
Subdivision CHI - New City
Standard status Pending
APN 20082140100000

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 2210

Utilities

Sewer type Public Sewer
Heating system Forced Air

Building Details

Year built 1885
Building materials Frame
Listing Agency: Beycome Brokerage Realty LLC
Listed By: Jeffrey Sklar · License #471022783
Added: Jul 15 Changed: Aug 4 Last Checked: Aug 11 at 11:06PM
MLS# 12706406

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This triplex features a frame construction design and was built in 1885. The first and second floors each include three bedrooms, and there is a finished third floor. An unfinished basement with a high ceiling provides additional space, along with forced-air heating for each apartment.

The property has two separate heating systems, including two furnaces and two hot water heaters. Public sewer is available.

Location-wise, the property is about two blocks from Sherman Park and roughly three blocks from the Stockyards Industrial Park, placing it near neighborhood and employment-oriented destinations in the area.

Key Highlights

  • Frame triplex built in 1885
  • First and second floors: three bedrooms each
  • Finished third floor living space

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Skin Care Clinic Accounting Firm Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

956
Businesses Nearby

Demographics for 60609, IL

65,770
Population
26,122
Households
2.5
Avg Household Size
34
Median Age
20%
College-Educated
76%
High-School Grad
7.7 sq mi
ZIP Area
8,542
Density / Sq Mi
$54,142
Median Household Income
$37,694
Median Earnings
$1,070
Median Rent
$251,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Triplex with forced-air heating and a finished third floor, plus an unfinished basement with a high ceiling.
Where is this triplex located?
The property is located at 5027 S Racine Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Frame triplex built in 1885; First and second floors: three bedrooms each; Finished third floor living space
More about this property
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