Boutique 48-Unit Walk-Up Apartment
For Sale
$6,750,000
4700 N Racine, Chicago, IL 60640
2019 gut-rehab studios and 1–2 bedroom apartments with modern finishes, in-unit laundry, fitness, and an outdoor patio.
Days on Market62
Property Features for 4700 N Racine
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Multifamily Units
48
Building Details
Year Built
1911
Year Renovated
2019
Tenancy
Multi
Listing Agency:
Kiser Group
(773) 293-5046
Listed By:
Katie LeGrand · License ##475.201874
Source:
Kisergroup
Added: Jun 2
Changed: Jul 10
Last Checked: Jul 15 at 1:57PM
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 Kiser Group
Investment Insights
Based on property information with market context.
This boutique 48-unit walk-up apartment building offers studios and one- and two-bedroom layouts with modernized interiors following a 2019 gut rehab. Units feature updated finishes including stainless steel appliances and granite countertops, along with in-unit laundry. Community amenities include a fitness room and an outdoor patio, supporting day-to-day tenant comfort in a compact, efficient setting.
The property is steps to Uptown’s thriving Broadway retail corridor and entertainment district. It is also well positioned for public transit access, with the Lawrence and Wilson CTA Red Line stations each approximately 0.2 miles away, and the lakefront about 0.7 miles from the building.
With its complete modernization and strong convenience to both transit and neighborhood amenities, the building is well suited for investors or operators looking for a residential income asset in a walkable, amenity-rich area. The mix of studio through two-bedroom homes can help broaden demand across different renter types, while the in-unit laundry and on-site fitness and patio space add practical value for day-to-day livability.
The property is steps to Uptown’s thriving Broadway retail corridor and entertainment district. It is also well positioned for public transit access, with the Lawrence and Wilson CTA Red Line stations each approximately 0.2 miles away, and the lakefront about 0.7 miles from the building.
With its complete modernization and strong convenience to both transit and neighborhood amenities, the building is well suited for investors or operators looking for a residential income asset in a walkable, amenity-rich area. The mix of studio through two-bedroom homes can help broaden demand across different renter types, while the in-unit laundry and on-site fitness and patio space add practical value for day-to-day livability.
Key Highlights
- 48‑unit walk‑up building (former Darlington Hotel) built in 1911 in Chicago’s Sheridan Park neighborhood
- 2019 gut rehab with studio, and 1- and 2‑bedroom apartments
- Modernized unit finishes with stainless steel appliances and granite countertops
Property Analytics
Property Profile
Current Use
Lease Details
48
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,087
Businesses Nearby
Explore this area
Business Placement
Demographics for 60640, IL
65,941
Population
40,850
Households
1.6
Avg Household Size
38
Median Age
63%
College-Educated
92%
High-School Grad
2.4 sq mi
ZIP Area
27,475
Density / Sq Mi
$71,030
Median Household Income
$59,264
Median Earnings
$1,374
Median Rent
$363,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - 2019 gut-rehab studios and 1–2 bedroom apartments with modern finishes, in-unit laundry, fitness, and an outdoor patio.
Where is this apartment building located?
The property is located at 4700 N Racine Chicago, IL.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: 48‑unit walk‑up building (former Darlington Hotel) built in 1911 in Chicago’s Sheridan Park neighborhood; 2019 gut rehab with studio, and 1- and 2‑bedroom apartments; Modernized unit finishes with stainless steel appliances and granite countertops
