Renovated Apartment
For Sale
$2,232,000
4431 N Racine Avenue, Chicago, IL 60640
Updated multifamily property with city-approved basement plans for additional dwelling units.
Property SizeContact for details
Days on Market63
Property Features for 4431 N Racine Avenue
General Information
Standard status
Active
Total Parking Spaces
5
Property subtype
Commercial
Zoning
MULTI
Additional Details
Public Transit
Yes
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$20,562
Building Details
Year Built
1903
Stories
3
Units
6
Listing Agency:
Uniconte LLC
(312) 423-7934
Listed By:
Mike Kaplun · License #471021692
(312) 423-7934
Source:
Allinonerealestateco
Added: Jun 22
Changed: Aug 22
Last Checked: Aug 22 at 1:17PM
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 Uniconte LLC
Investment Insights
Based on property information with market context.
This 1903 apartment building at 4431 N Racine Avenue in Chicago contains 6 apartments and 5 on-site parking spaces. The property includes renovated kitchens with stainless steel appliances, updated bathrooms, contemporary interior finishes, and substantial natural light. Heating and cooling systems were upgraded to modern HVAC throughout all units in late 2025.
The basement conversion is supported by city approvals, permits, and architectural/MEP plans for 2 additional ADU units. Zoning is MULTI. The property is located in Uptown near the Wilson Red Line station, with access to Truman College, cafes, restaurants, retail, entertainment, and other neighborhood amenities. Its combination of renovated residential space, on-site parking, and approved expansion plans provides a clearly defined multifamily configuration.
The basement conversion is supported by city approvals, permits, and architectural/MEP plans for 2 additional ADU units. Zoning is MULTI. The property is located in Uptown near the Wilson Red Line station, with access to Truman College, cafes, restaurants, retail, entertainment, and other neighborhood amenities. Its combination of renovated residential space, on-site parking, and approved expansion plans provides a clearly defined multifamily configuration.
Key Highlights
- 6 apartments with 5 on‑site parking spaces
- City approvals, permits, and architectural/MEP plans for 2 basement ADU units
- Modern HVAC installed throughout all units in late 2025
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,869
Businesses Nearby
Explore this area
Business Placement
Demographics for 60640, IL
65,941
Population
40,850
Households
1.6
Avg Household Size
38
Median Age
63%
College-Educated
92%
High-School Grad
2.4 sq mi
ZIP Area
27,475
Density / Sq Mi
$71,030
Median Household Income
$59,264
Median Earnings
$1,374
Median Rent
$363,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated multifamily property with city-approved basement plans for additional dwelling units.
Where is this apartment building located?
The property is located at 4431 N Racine Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $2,232,000.
What are key features of this property?
This property features: 6 apartments with 5 on‑site parking spaces; City approvals, permits, and architectural/MEP plans for 2 basement ADU units; Modern HVAC installed throughout all units in late 2025
