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Duplex with Finished Third Floor
For Sale
$160,000

5027 South Racine Avenue, Chicago, IL 60609

First and second floors offer 3 bedrooms each, with a finished third floor plus an unfinished, high-ceiling basement.

Property Size1,967 SF
Price / SF$81.34
Days on Market57

Property Features for 5027 South Racine Avenue

General Information

Standard status Active
Size 1,967 SF
Total Parking Spaces 2
Property subtype Two to Four Units / Duplex Side By Side

Taxes and HOA fees

Annual Taxes $2,210

Building Details

Year Built 1885
Stories 3
Listing Agency: Beycome Brokerage Realty LLC
Listed By: Jeffrey Sklar · License #471022783
Source: Compass
Added: Jul 13 Changed: Aug 8 Last Checked: Jul 23 at 8:27AM

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 Beycome Brokerage Realty LLC

Investment Insights

Based on property information with market context.

This multifamily duplex at 5027 South Racine Avenue in Chicago, IL features separate living space across the first and second floors, with 3 bedrooms on each level. A finished third floor adds additional usable interior space, while the unfinished basement provides extra area with a high ceiling.

The building is set up for tenant comfort with forced-air heating for each apartment, supported by two separate systems, including two furnaces and two hot water heaters.

The property also benefits from proximity to Sherman Park and the Stockyards Industrial Park, with strong rental demand noted in the remarks.

Key Highlights

  • Year built 1885 with 3 bedrooms on the 1st floor and 3 bedrooms on the 2nd floor
  • Finished 3rd floor plus an unfinished basement with a high ceiling
  • Forced‑air heating for each apartment with 2 separate systems

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Skin Care Clinic Accounting Firm Cafe & Coffee Shop

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

956
Businesses Nearby

Demographics for 60609, IL

65,770
Population
26,122
Households
2.5
Avg Household Size
34
Median Age
20%
College-Educated
76%
High-School Grad
7.7 sq mi
ZIP Area
8,542
Density / Sq Mi
$54,142
Median Household Income
$37,694
Median Earnings
$1,070
Median Rent
$251,600
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 - First and second floors offer 3 bedrooms each, with a finished third floor plus an unfinished, high-ceiling basement.
Where is this duplex located?
The property is located at 5027 South Racine Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Year built 1885 with 3 bedrooms on the 1st floor and 3 bedrooms on the 2nd floor; Finished 3rd floor plus an unfinished basement with a high ceiling; Forced‑air heating for each apartment with 2 separate systems
More about this property
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