Chicago, IL 60608 1946 S Racine Avenue

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Presented By: Coldwell Banker Real Estate Group
  • MLS# 12438463
  • 08/20/2025
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  • Beds • 6
  • SQFT • 12,168

Home Details

Large brick 10 unit in Chicago's East Pilsen neighborhood. Complete gut renovation completed in 2017-18. 100% tenant occupied and generates over $250K in annual gross rental income. At the time of renovations, the building was taken down to the brick walls and new open floor plans were created. Flooring, windows, roof, electrical, plumbing, all mechanical systems, etc., were all updated at that time. Condo quality units feature large bedrooms, open layouts, white kitchens with quartz counters, all S.S. appliances, in-unit washer & dryer in all units, and modern white/gray finishes. The building sits on an oversized lot with 3 parking spots in the rear and a full basement for potential additional storage. Great mix of 1BR, 2BR, & 3BR units. Highly desirable location in Pilsen!
Presented By: Coldwell Banker Real Estate Group

Interior Features for 1946 S Racine Avenue

Other Interior Features

BasementUnfinished

General for 1946 S Racine Avenue

Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CoolingCentral Air, Central Individual
CountyCook
Current UseMulti-Family
Directions18th & Racine, South to 1946 on West Side of the Street.
ElectricCircuit Breakers, Separate Meters
Electric Expense1447
Fuel Expense
Gross Income250308
Insurance Expense5207
MLS AreaCHI - Lower West Side
MaintenanceExpense7970
ModificationTimestamp2025-08-26T05:07:13.760Z
Net Operating Income194948
Number Of Units Total10
Operating Expense55360
Possible UseMulti-Family
Property TypeCommercial Sale
Property TypeMulti Family 5+
RoofMembrane, Reflective Coating, Rubber
Standard StatusActive
StatusActive
Stories Count4
Tax Annual Amount22422
Tax Year2023
Tenant PaysAir Conditioning, Electricity, Heat
TownshipWest Chicago
Trash Expense1891
Water Sewer Expense5000
Year Built1889
ZoningMULTI

Exterior for 1946 S Racine Avenue

Building Area Total12168
Foundation DetailsBlock, Brick/Mortar, Concrete Perimeter
Lot Dimensions33X126

Additional Details

Price History

Client Care

Price $2,599,000
MLS#12438463
List Date 08/20/2025
Property Type Multi-Family
Phone 847.485.2500
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