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Renovated Five-Unit Apartment Building
For Sale
Contact for pricing
Pending

1827 S Racine Ave, Chicago, IL 60608

Multifamily property with a varied unit mix, two-car garage, and convenient access to CTA transit.

Property SizeContact for details
Days on Market142

Property Features for 1827 S Racine Ave

General Information

Standard status Pending
Total Parking Spaces 2
Property subtype Multifamily

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 2 x studio, 2 x 1BR/1BA, 1 x 3BR/2BA
Multifamily Units 5
Listing Agency: Marcus & Millichap - Chicago Downtown
Listed By: Kyle Stengle · License #IL 475.138461
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 30 at 5:22PM

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 Marcus & Millichap - Chicago Downtown

Investment Insights

Based on property information with market context.

This five-unit apartment building includes two studios, two one-bedroom/one-bath apartments, and one three-bedroom/two-bath residence. Substantial renovations have been completed throughout, and the property includes a two-car parking garage.

The building is a 15-minute walk from the CTA 18th Street Pink Line Station and a two-minute walk from the CTA 18th Street & Racine bus stop. I-90 is an 11-minute drive away. The property is located in Chicago’s Pilsen neighborhood, near galleries, murals, independent coffee shops, vintage stores, cafes, theaters, and the National Museum of Mexican Art.

Key Highlights

  • Five residential units with two studios, two 1‑bedroom/1‑bath units, and one 3‑bedroom/2‑bath unit
  • Substantial renovations completed throughout the property
  • Two‑car parking garage included

Property Analytics

Current Use

Death Mask Tattoo ... Tattoo & Piercing Shop

Suggested Use

Top Pick Carpet & Flooring Store (Bike/Boat/Book/etc) Store Bed & Breakfast Nursing Home Clothing & Fashion Store Daycare Center

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

5
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,768
Businesses Nearby

Demographics for 60608, IL

75,770
Population
32,617
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
12,221
Density / Sq Mi
$70,704
Median Household Income
$42,211
Median Earnings
$1,208
Median Rent
$341,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Multifamily property with a varied unit mix, two-car garage, and convenient access to CTA transit.
Where is this apartment building located?
The property is located at 1827 S Racine Ave Chicago, IL.
What are key features of this property?
This property features: Five residential units with two studios, two 1‑bedroom/1‑bath units, and one 3‑bedroom/2‑bath unit; Substantial renovations completed throughout the property; Two‑car parking garage included
(312) 636-6383 Call to check price and availability
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