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Renovated Five-Unit Greystone
For Sale
$3,000,000

2129 North Racine Avenue, Chicago, IL 60614

Fully gut-rehabbed five-unit Greystone with in-unit laundry, individual HVAC, and separate hot water heaters.

Property SizeContact for details
Days on Market91

Property Features for 2129 North Racine Avenue

General Information

Standard status Active
Property subtype Multi Family 5+ / Corridor-Exterior Entrance
Zoning MULTI
Net Operating Income $191,391

Additional Details

Multifamily Units 5

Taxes and HOA fees

Annual Taxes $36,370

Amenities

quartz countertops
in-unit laundry
individual HVAC systems
separate hot water heaters

Building Details

Year Built 1900
Year Renovated 2016
Stories 3
Tenancy Multi
Listing Agency: Star Realty & Management
Listed By: Tyler Weekes · License #475174404
Source: Compass
Added: May 25 Changed: Aug 23 Last Checked: Jul 24 at 4:17PM

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 Star Realty & Management

Investment Insights

Based on property information with market context.

Fully renovated five-unit Greystone property featuring a three-unit front building and a two-unit coach house. The gut rehabilitation was completed in 2016 down to the studs, with updated building systems and finishes throughout. Units include quartz countertops, in-unit laundry, individual HVAC systems, and separate hot water heaters, supporting modern, efficient day-to-day living.

Located on N Racine Avenue in Chicago’s Lincoln Park neighborhood, the property is positioned within walking distance of neighborhood retail, public transportation, and the lakefront.

Current occupancy includes a lease for the first-floor coach house expiring at the end of July. All other units are leased with terms extending through summer 2027.

Key Highlights

  • Fully gut‑rehabbed five‑unit Greystone (2016) with a three‑unit front building and two‑unit coach house
  • Unit mix includes spacious 2-, 3-, and 4‑bedroom apartments
  • 2016 renovation features quartz countertops and in‑unit laundry in all units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Food Market Accounting Firm Butcher Mobile Phone Store Adult Day Care

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
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

4,126
Businesses Nearby

Demographics for 60614, IL

73,173
Population
38,089
Households
1.9
Avg Household Size
31
Median Age
86%
College-Educated
98%
High-School Grad
3.2 sq mi
ZIP Area
22,867
Density / Sq Mi
$139,561
Median Household Income
$86,386
Median Earnings
$2,019
Median Rent
$730,700
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 - Fully gut-rehabbed five-unit Greystone with in-unit laundry, individual HVAC, and separate hot water heaters.
Where is this apartment building located?
The property is located at 2129 North Racine Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Fully gut‑rehabbed five‑unit Greystone (2016) with a three‑unit front building and two‑unit coach house; Unit mix includes spacious 2-, 3-, and 4‑bedroom apartments; 2016 renovation features quartz countertops and in‑unit laundry in all units
More about this property
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