ClosedPrice Reduced

$538,000

$748,000
3238 Racine Avenue, Chicago, IL 60608
7 Beds4 Baths120 days
3238 Racine Avenue·Chicago, IL 60608
7Bedrooms
4Bathrooms
1903Year Built
About This Home

Presenting a great investment opportunity, this two-story building boasts four well-maintained apartments (two of which were owner occupied). The units each have a mix of traditional design and trim, hardword floors mixed with updated kichens. Three spacious two-bedroom, one-bath units offering quaint living spaces and ample natural light. The fourth apartment, a cozy one-bedroom, one-bath unit, suits singles or couples perfectly. This well-managed property had consistent rental income but is current vacant to prepare the units for sale. Situated in a prime location with easy access to amenities, schools, and transportation, it appeals to a wide tenant demographic. With impressive local rental rates, there is potential for increased cash flow, This property represents a secure and lucrative real estate investment. This property is also combined as a package with an adjacent lot (Listing# 11885072) for an opportunity to either enjoy the space, or possibly build another dream house next door. Seller is motivated and will consider all written offers.

MLS# 11880764Listed September 12, 2023Residential Income
Property Details

Beds & Baths

Total Bedrooms7
Total Bathrooms4
Total Rooms19

Size & Structure

Year Built1903
Lot Size24 X 124

Location

CountyCook
TownshipSouth Chicago
Zip Code60608

Financial

List Price$538,000
Original Price$748,000
Annual Taxes (2021)$2,863
Monthly Tax Est.$239
Parcel #17321100400000
Interior Features

Heating

Natural GasElectric

Basement

Crawl Space
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic
Tax & Financial
Annual Taxes
$2,863
Tax Year 2021
Monthly Tax Est.
$239
per month
Price Reduced by $210,000
Original list price: $748,000
Property Location

3238 Racine Avenue, Chicago, IL 60608Cook County

$538,000
3238 Racine Avenue
7 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
120 days on market
24 X 124
$2,863/yr taxes
Price reduced $210,000
$3,066
estimated monthly payment
Principal & Interest
$2,827/mo
Property Tax
$239/mo
$538,000
20% — $107,600
3%50%
6.875%
3%12%
Loan Amount
$430,400
Down Payment
$107,600

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Gordon Realty Co.
Agent: Mark Johns
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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