Seller's Agent in 2026
Brian Ruff
Coldwell Banker Real Estate Group
(773) 631-8300
1 in this area
88 Total Sales
1946 S Racine Ave Chicago, IL 60608
Pilsen NeighborhoodEstimated Value: $2,514,149
16
Beds
12
Baths
12,168
Sq Ft
$207/Sq Ft
Est. Value
About This Home
As of January 2026Large brick 10 unit in Chicago's East Pilsen neighborhood. Complete gut renovation completed in 2017-18. 100% tenant occupied and generates over $250K in annual gross rental income. At the time of renovations, the building was taken down to the brick walls and new open floor plans were created. Flooring, windows, roof, electrical, plumbing, all mechanical systems, etc., were all updated at that time. Condo quality units feature large bedrooms, open layouts, white kitchens with quartz counters, all S.S. appliances, in-unit washer & dryer in all units, and modern white/gray finishes. The building sits on an oversized lot with 3 parking spots in the rear and a full basement for potential additional storage. Great mix of 1BR, 2BR, & 3BR units. Highly desirable location in Pilsen!
Last Agent to Sell the Property
Coldwell Banker Real Estate Group License #475119859 Listed on: 08/20/2025
Last Buyer's Agent
@properties Christie's International Real Estate License #475165648
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,422
Year Built
- Built in 1889
Lot Details
- Lot Dimensions are 33x126
Home Design
- Brick Exterior Construction
- Brick Foundation
- Block Foundation
- Membrane Roofing
- Reflective Roof
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 12,168 Sq Ft Home
- 4-Story Property
- Unfinished Basement
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Separate Meters
Listing and Financial Details
- Tenant pays for air conditioning, electricity, heat
Community Details
Overview
- 10 Units
Building Details
- Electric Expense $1,447
- Insurance Expense $5,207
- Maintenance Expense $7,970
- Manager Expense $4,843
- Other Expense $4,480
- Trash Expense $1,891
- Water Sewer Expense $5,000
- Operating Expense $55,360
- Gross Income $250,308
- Net Operating Income $194,948
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 20, 2025
Closed on
Jan 30, 2026
Sold by
Bought by
Seller's Agent
Brian Ruff
Coldwell Banker Real Estate Group
Buyer's Agent
Brian Aurelio
@properties Christie's International Real Estate
List Price
$2,599,000
Sold Price
$2,453,000
Premium/Discount to List
-$146,000
-5.62%
Views
20
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,149
Avg. Annual Appreciation
4.95%
Original Mortgage
$1,779,000
Interest Rate
0.0621%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 30, 2020
Sold by
Bought by
Purchase Details
Closed on
Mar 23, 2018
Sold by
Bought by
Purchase Details
Closed on
Jun 18, 2015
Sold by
Bought by
Purchase Details
Closed on
Oct 31, 2007
Sold by
Bought by
Purchase Details
Closed on
Sep 8, 1999
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,453,000 | Proper Title | ||
| -- | Attorney | ||
| $1,150,000 | Proper Title Llc | ||
| $7,500 | Heritage Title Company | ||
| -- | None Available | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,779,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/30/2026 01/30/26 | Sold | $2,453,000 | -5.6% | $202 / Sq Ft |
| 09/17/2025 09/17/25 | Pending | -- | -- | -- |
| 08/20/2025 08/20/25 | For Sale | $2,599,000 | -- | $214 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $22,422 | $150,700 | $16,632 | $134,068 |
| 2024 | $22,422 | $150,700 | $16,632 | $134,068 |
| 2023 | $21,858 | $106,272 | $8,316 | $97,956 |
| 2022 | $21,858 | $106,272 | $8,316 | $97,956 |
| 2021 | $21,370 | $106,272 | $8,316 | $97,956 |
| 2020 | $32,903 | $147,699 | $8,316 | $139,383 |
| 2019 | $29,675 | $147,699 | $8,316 | $139,383 |
| 2018 | $16,703 | $84,559 | $8,316 | $76,243 |
| 2017 | $17,660 | $82,036 | $7,068 | $74,968 |
| 2016 | $16,431 | $82,036 | $7,068 | $74,968 |
| 2015 | $15,033 | $82,036 | $7,068 | $74,968 |
| 2014 | $15,221 | $82,036 | $7,068 | $74,968 |
| 2013 | -- | $82,036 | $7,068 | $74,968 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Ruff
-
Brian Aurelio
Buyer's Agent in 2026
Brian Aurelio
@ Properties
(312) 576-5002
4 in this area
89 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12438463
APN: 17-20-326-037-0000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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