Multi-Family•Low-Rise/Garden•For Sale

3014 N. Racine - Two-Unit Apartment Building

3014 N. Racine Avenue, Chicago, Illinois 60657

Sale Price $775,000
Sale Type Investment
Zoning RT-4
Bldg Type Multi-Tenant
Year Built 1891
Stories 3
Cap Rate 5.16%
Vacancy 100%
Gross Bldg 3,800 SqFt
Land Area .07 Acres
Project Size 2
Net Op Inc $39,986.6
Market Chicago
Sub-Market Lakeview
Excellent two-unit + garage RT-4 zoned investment property for sale in central Lakeview. Top floor duplex lives like a single-family home - perfect for owner-occupant Two-unit in central Lakeview. Three blocks from CTA Wellington Brown/Purple & four blocks from CTA Belmont Red/Brown/Purple. Strong rental neighborhood with excellent amenities.
  • Unit 1: Large ground floor 2 bed / 1 bath has recently updated kitchen, bathroom, and appliances. Below market rent tenant is on month-to-month agreement
  • Unit 2: Second to third floor duplex-up 4 bed / 2.5 bath
  • Each unit has one garage parking space included in rent
  • NEW roof & extensive siding work completed in Spring 2020 ($30K)
  • RT-4 zoning on alley in generally RS-3 area - potential development opportunity
  • Both units feature in-unit laundry, central air/heat, and individual hot water tanks
3/24/2020 9:59:29 PM 3/29/2020 3:31:21 AM
Gene Hart
Investment Sales and Leasing Broker
33 Realty
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