4431 North Racine AvenueChicago, IL 60640Price: $1,985,000

  • Price: $1,985,000
  • 18 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 5.81% last updated on Jun 23, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 1906Year Built

Listing Tools

Center-entrance six-unit apartment building located in Chicago's vibrant Sheridan Park neighborhood. Given its location, the property presents an investor with the opportunity to leverage the City's ADU Pilot Program and the potential to convert the property into eight (8) legal units by adding two (2) 2 Bed/2 Bath Garden units. The Subject Property currently consists of four (4) 3 Bed/2 Bath units and two (2) 4 Bed/2 Bath units. The property also includes two (2) large unfinished basements, back decks, a communal backyard and four (4) to five (5) exterior parking spaces. In addition, a new owner may benefit from adding central air conditioning and heating, and in-unit laundry. These improvements may equate to an estimated 47% increase in income. The property, which benefits from convenient access to multiple CTA Stations and bus stops, is located across the street from Harry S Truman College, as well as a multitude of trendy restaurants, local coffee shops and evening entertainment options.

Driving Directions

Property Details

Other Details

Listed by Nicholas Apostal of Keller Williams ONEChicago

Based on information submitted to MRED  as of June 25, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field: