Mixed-Use Building With Retail
For Sale
$1,875,000
1843 South Racine Avenue, Chicago, IL 60608
Rehabilitated brick property combines seven updated apartments with a street-level commercial storefront.
Property Size2,500 SF
Price / SF$750
Days on Market159
Property Features for 1843 South Racine Avenue
General Information
Standard status
Active
Size
2,500 SF
Net Operating Income
$133,259
Units
Unit Mix
7 x 1BR/1BA
Multifamily Units
7
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$23,003
Amenities
individual HVAC
in-unit stackable washer/dryers
Building Details
Year Built
1884
Year Renovated
2017
Buildings
1
Stories
3
Construction
brick
Tenancy
Multi
Listing Agency:
Impero Properties
(773) 932-7575
Listed By:
Kathleen Newell · License #475184350
(773) 932-7575
Source:
Compass
Added: Mar 25
Changed: Aug 29
Last Checked: Aug 29 at 3:19PM
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 Impero Properties
Investment Insights
Based on property information with market context.
Rehabilitated in 2017, this brick mixed-use building contains seven updated one-bedroom, one-bath apartments alongside a street-front retail space. Each apartment includes appliances dating from 2017 or later, individual HVAC, and an in-unit stackable washer and dryer, creating consistent residential features across the building.
The property is near 18th Street restaurants and nightlife, with permitted street parking nearby. The CTA Pink Line, bus routes, the Loop, UIC, and the Illinois Medical District are all within walking distance, providing access to transit, employment centers, education, and medical facilities.
The property is near 18th Street restaurants and nightlife, with permitted street parking nearby. The CTA Pink Line, bus routes, the Loop, UIC, and the Illinois Medical District are all within walking distance, providing access to transit, employment centers, education, and medical facilities.
Key Highlights
- Seven updated 1‑bedroom, 1‑bath apartments
- Street‑front retail space supports a mixed‑use configuration
- Building rehabilitation completed in 2017
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,768
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Rehabilitated brick property combines seven updated apartments with a street-level commercial storefront.
Where is this mixed-use property located?
The property is located at 1843 South Racine Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: Seven updated 1‑bedroom, 1‑bath apartments; Street‑front retail space supports a mixed‑use configuration; Building rehabilitation completed in 2017
