Three-Unit Income
For Sale
Contact for pricing
Pending
2943 N Racine Ave, Chicago, IL 60657
Well-maintained 3-flat with a newly rehabbed 2020 duplex-up top unit and long-term fully leased history.
Days on Market112
Property Features for 2943 N Racine Ave
General Information
Standard status
Pending
Total Parking Spaces
2
Property subtype
Multifamily
Occupancy
100%
Financials
Cap Rate
7%
Business Included
Yes
Additional Details
Multifamily Units
3
Building Details
Year Renovated
2020
Stories
3
Tenancy
Multi
Listing Agency:
Jameson Commercial Real Estate
(773) 412-3899
Listed By:
Jason Hiller · License #IL 475158547
Source:
Crexi
Added: Apr 10
Changed: Jul 21
Last Checked: Jul 29 at 4:03PM
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 Jameson Commercial Real Estate
Investment Insights
Based on property information with market context.
This well-maintained 3-flat (triplex) offers three income-producing units with a mix of vintage and modern updates. The top floor features a newly gut-rehabbed (2020) 3-bedroom, 2-bath duplex-up with all-new appliances, HVAC, and kitchen and bathroom improvements. Additional updates include hardwood flooring, newer baths and kitchen elements, and improved mechanicals across the building.
The property is located at 2943 N. Racine Ave in Chicago, IL 60657. Exterior improvements include a newly paved (2019) rear patio and side breezeway, along with a newly built (2019) 2-car detached garage, with parking included in rents.
All three units have been fully leased for 10+ years, with zero vacancy and minimal marketing effort, supported by a structural engineer-approved building and an excellent tenant history.
The property is located at 2943 N. Racine Ave in Chicago, IL 60657. Exterior improvements include a newly paved (2019) rear patio and side breezeway, along with a newly built (2019) 2-car detached garage, with parking included in rents.
All three units have been fully leased for 10+ years, with zero vacancy and minimal marketing effort, supported by a structural engineer-approved building and an excellent tenant history.
Key Highlights
- Well‑maintained 3‑flat with newly gut‑rehabbed 2020 duplex‑up top unit (3bd/2bth) with all new appliances
- 2020 updates include new HVAC and new kitchen and baths in the top unit
- All 3 units have been fully leased for 10+ years with zero vacancy and minimal marketing effort
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
6,749
Businesses Nearby
Explore this area
Business Placement
Demographics for 60657, IL
72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained 3-flat with a newly rehabbed 2020 duplex-up top unit and long-term fully leased history.
Where is this triplex located?
The property is located at 2943 N Racine Ave Chicago, IL.
What are key features of this property?
This property features: Well‑maintained 3‑flat with newly gut‑rehabbed 2020 duplex‑up top unit (3bd/2bth) with all new appliances; 2020 updates include new HVAC and new kitchen and baths in the top unit; All 3 units have been fully leased for 10+ years with zero vacancy and minimal marketing effort
