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3-Unit Multifamily Building
New
For Sale
$749,000

1003 S Racine Avenue, Chicago, IL 60607

All three residences are occupied, and two units have assigned parking.

Property SizeContact for details
Days on Market4

Property Features for 1003 S Racine Avenue

General Information

Standard status Active
Property subtype MULTI_FAMILY
Occupancy 100%

Site & Location

Neighborhood Little Italy
Public Transit Yes

Additional Details

Multifamily Units 3
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $11,019

Building Details

Year Built 1848
Buildings 1
Listing Agency: Option Premier LLC
Listed By: Cory Tanzer · License #475167115
Source: Dawnmckennagroup
Added: Oct 28 Changed: Oct 31 Last Checked: Oct 31 at 3:23AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Option Premier LLC

Rey
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Investment Insights

Based on property information with market context.

This Chicago multifamily property contains three occupied residences: a garden-level unit, a middle-floor unit, and a top-floor unit. Assigned parking is included with the middle- and top-floor residences. The building dates to 1848.

The property is at 1003 S Racine Avenue, near Taylor Street dining and retail, Arrigo Park, and Sheridan Park. CTA Blue Line service, bus routes, and connections to major expressways are also identified in the surrounding area.

Key Highlights

  • Three occupied residential units: garden, middle‑floor, and top‑floor
  • Assigned parking accompanies the middle‑floor and top‑floor units
  • Building dates to 1848

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

2,878
Businesses Nearby

Demographics for 60607, IL

31,816
Population
16,540
Households
1.9
Avg Household Size
31
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
13,833
Density / Sq Mi
$126,307
Median Household Income
$79,870
Median Earnings
$2,333
Median Rent
$494,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - All three residences are occupied, and two units have assigned parking.
Where is this triplex located?
The property is located at 1003 S Racine Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Three occupied residential units: garden, middle‑floor, and top‑floor; Assigned parking accompanies the middle‑floor and top‑floor units; Building dates to 1848
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