2015 Racine Ave Chicago, IL 60608
- Residential income homes
- 3,686 SF
- 0.08 lot acres
Current Use by Public Records
- Kevin Smith Photography / Photographer
- SZNL JAM Event Co. / Event Venue / Art Center
Property Details for 2015 Racine Ave
- Year built
- 1887
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.08 lot acres
- Property size
- 3,686 SF
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 14-32-221-013
- APU
- 1432221013
Description
This exceptional 5200-square-foot creative office space is ideally situated in the heart of Chicago's vibrant Pilsen neighborhood, at 2015 S Racine Ave, Chicago, IL 60608. The property is a single-tenant building featuring a unique bow truss design. The interior boasts a fully built-out space including a complete kitchen, a full bathroom with shower, and dedicated office areas. Climate control is ensured with central air conditioning and heating. Conveniently located, the building also includes an attached two-car garage in the rear, providing ample parking for tenants. The property is zoned C1-2, allowing for a variety of commercial uses, including office, restaurant, and retail. The building is served by a 300-amp electrical service. There are no elevators on the premises. This property presents a rare opportunity to acquire a unique and well-appointed space in a highly sought-after location. Its versatile layout and prime Pilsen location make it perfect for a variety of businesses seeking a creative and functional workspace. The cross street is Cullerton St. This is a single-tenant occupancy building.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,380,000
- 6.5%
- $2,390,000
- 7%
- $2,685,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,615,000
- Geo Method
- $2,250,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,670,000
- Retail
- $2,310,000
- Mixed-Use
- $2,710,000
- Hospitality
- $2,295,000
- Educational
- $2,040,000
- Residential Income
- $2,120,000
- Energy
- $2,310,000
- Income-Based Land
- $2,030,000
- Food Service
- $2,335,000
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6579
- Latitude
- 41.9186
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
