ClosedPrice Reduced

$2,500,000

$2,700,000
616 Racine Avenue, Chicago, IL 60607
140 days
616 Racine Avenue·Chicago, IL 60607
2019Year Built
About This Home

Newer construction 5 unit building with parking and student tenants under lease through 7/31/24. 25 total bedrooms. See rent roll under additional documents. These units stay occupied due to high demand for student housing in this neighborhood with the University of Illinois at Chicago campus so close and this property has excellent proximity to downtown Chicago and the Lakefront. This property is part of a larger portfolio of student housing properties all located in the same neighborhood.

MLS# 11868059Listed October 5, 2023Commercial Sale
Property Details

Beds & Baths

Size & Structure

Year Built2019
Lot Size25 X 120

Location

CountyCook
Zip Code60607

Financial

List Price$2,500,000
Original Price$2,700,000
Annual Taxes (2021)$27,842
Monthly Tax Est.$2,320
Parcel #17173080150000
Interior Features
Tax & Financial
Annual Taxes
$27,842
Tax Year 2021
Monthly Tax Est.
$2,320
per month
Price Reduced by $200,000
Original list price: $2,700,000
Property Location

616 Racine Avenue, Chicago, IL 60607 — Cook County

$2,500,000
616 Racine Avenue
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
140 days on market
25 X 120
$27,842/yr taxes
Price reduced $200,000
$15,459
estimated monthly payment
Principal & Interest
$13,139/mo
Property Tax
$2,320/mo
$2,500,000
20% — $500,000
3%50%
6.875%
3%12%
Loan Amount
$2,000,000
Down Payment
$500,000

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

Listed by
Baird & Warner
Agent: Michael Galvan
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