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R3-Zoned Two-Flat Property
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3021 N Racine Avenue, Chicago, IL 60657

R3-zoned parcel in Chicago with two occupied flat units, including a near-term lease-end for Unit 1.

Property SizeContact for details
Days on Market109

Property Features for 3021 N Racine Avenue

General Information

Standard status Active
Property subtype Land, Multifamily
Listing Agency: Dream Town Realty
Listed By: Heather Hillebrand · License #471017870
Source: Crexi
Added: Apr 24 Changed: Aug 8 Last Checked: Jul 23 at 7:21AM

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 Dream Town Realty

Investment Insights

Based on property information with market context.

This R3-zoned property includes an occupied two-flat configuration. Unit 1 is leased through 11/25, and Unit 2 is on a month-to-month basis. The property is described as measuring 24 by 121.

The offering is located at 3021 N Racine Avenue in Chicago, IL 60657. The current tenants are in place; please do not disturb tenants.

Taxes are listed as $15,297. Further income details and lease terms beyond what is provided should be confirmed with the listing broker.

Key Highlights

  • R3‑zoned Chicago parcel in the heart of Lakeview with 24x121 lot dimensions
  • Two occupied flat units on‑site: Unit 1 and Unit 2
  • Unit 1 rent is $2,235 with a lease end of 11/25

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Food Market Law Firm Grocery & Convenience Store (Bike/Boat/Book/etc) Store Home Appliance Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,749
Businesses Nearby

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

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

What type of property is this?
Duplex - R3-zoned parcel in Chicago with two occupied flat units, including a near-term lease-end for Unit 1.
Where is this duplex located?
The property is located at 3021 N Racine Avenue Chicago, IL.
What are key features of this property?
This property features: R3‑zoned Chicago parcel in the heart of Lakeview with 24x121 lot dimensions; Two occupied flat units on‑site: Unit 1 and Unit 2; Unit 1 rent is $2,235 with a lease end of 11/25
(312) 265-8000 Call to check price and availability
More about this property
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