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Three-Unit Property with Parking
For Sale
$384,900
Pending

5029 S Racine Avenue, Chicago, IL 60609

Three residences include updated kitchens, separate forced-air furnaces, and a rear slab for exterior parking.

Property SizeContact for details
Days on Market633

Property Features for 5029 S Racine Avenue

General Information

Standard status Pending
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $2,531

Building Details

Year Built 1896
Listing Agency: RE/MAX Partners
Listed By: Jose Leon · License #475155330
Source: Exitrealty
Added: Dec 10, 2024 Changed: Aug 30 Last Checked: Aug 30 at 6:39PM

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 RE/MAX Partners

Investment Insights

Based on property information with market context.

This 1896 triplex contains three residential units. The first-floor residence offers four bedrooms, a full bath, an eat-in kitchen, high ceilings, and a spacious living room; it is occupied by a month-to-month tenant. Two second-floor residences each provide two bedrooms, a full bath, a kitchen, and a living room. The front unit has granite countertops and new cabinets, while the rear unit includes granite countertops, newer cabinets, an eat-in kitchen, and laminate flooring. Each unit has its own forced-air furnace.

A large rear slab provides exterior parking. The property is located near schools, parks, shopping, public transportation, and highway access in Chicago's Back of the Yards neighborhood.

Key Highlights

  • Three‑unit triplex built in 1896
  • First‑floor unit offers 4 bedrooms, high ceilings, an eat‑in kitchen, and a month‑to‑month tenant
  • Two second‑floor units each include 2 bedrooms and 1 full bath

Property Analytics

Current Use

Triplexes

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
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Frequently Asked Questions

What type of property is this?
Triplex - Three residences include updated kitchens, separate forced-air furnaces, and a rear slab for exterior parking.
Where is this triplex located?
The property is located at 5029 S Racine Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $384,900.
What are key features of this property?
This property features: Three‑unit triplex built in 1896; First‑floor unit offers 4 bedrooms, high ceilings, an eat‑in kitchen, and a month‑to‑month tenant; Two second‑floor units each include 2 bedrooms and 1 full bath
More about this property
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