Chicago, IL 60614 2129 N Racine Avenue
$3,000,000



22 more






















Presented By: Star Realty & Management
Home Details
Rare opportunity to acquire a fully renovated five-unit Greystone property in the heart of Chicago's highly sought-after Lincoln Park neighborhood. The property consists of a three-unit front building and a two-unit coach house, offering an attractive unit mix of spacious 2-, 3-, and 4-bedroom apartments ideal for strong tenant demand. Located just steps from neighborhood retail, public transportation, and the lakefront, this turnkey investment combines prime location with modern functionality. All units were completely gut rehabbed down to the studs in 2016 and feature high-end finishes throughout, including quartz countertops, in-unit laundry, individual HVAC systems, and separate hot water heaters. The extensive 2016 renovation also included updated building systems, providing long-term peace of mind for ownership. The first-floor coach house lease expires at the end of July, creating a potential owner-occupancy opportunity, while all other units are secured with leases extending through summer 2027, offering stable in-place income.
Presented By: Star Realty & Management
Interior Features for 2129 N Racine Avenue
Other Interior Features
Total Fireplaces3
General for 2129 N Racine Avenue
Additional Parcels Y/NNo
Cap Rate6.4
CityChicago
Construction MaterialsBrick
CoolingCentral Air
CountyCook
DirectionsEast on Webster, south on Racine
Electric Expense1047
Fuel Expense
Gross Income262200
Insurance Expense5087
MLS AreaCHI - Lincoln Park
MaintenanceExpense7330
Net Operating Income191391
Number Of Units Total5
Operating Expense73309
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount36370
Tax Year2024
Tenant PaysAir Conditioning, Electricity, Heat
Trash Expense0
Water Sewer Expense4228
Year Built1900
ZoningMULTI
Exterior for 2129 N Racine Avenue
Lot Dimensions25X127.5
Additional Details
Price History
