NOT LISTED FOR SALE

2143 N Racine Ave Chicago, IL 60614

Old Town Neighborhood

Estimated Value: $1,262,000 - $1,491,000

5 Beds
4 Baths
-- Sq Ft
3,093 Sq Ft Lot

Last Sold June 16, 2021

Last sale price $1,085,000

Est. 25% increase in value since last sale

Current estimated payment $9,580/month

7 Days on Market

Highlights

  • 1.5 Car Detached Garage
  • Soaking Tub
  • Paved or Partially Paved Lot
  • Mayer Elementary School Rated A-
  • Ceiling Fan
  • 3-minute walk to Trebes Park

About This Home

As of June 2021

Superb location, surrounded by multi million dollar homes. Endless possibilities with bonus garden apartment that can be annexed to 1st floor unit for massive owner occupied apartment. Let two additional rental units pay your mortgage. Just steps to DePaul University, shops, restaurants and Brown/Purple/ Armitage stop. This well maintained 3 unit property is a money making machine. Convert to a SFH or simply keep as an armchair investment property, building running smoothly just keep rents coming. Currently (1) 3Br/1bath apartment, (2) 1BR/1bath units plus nonconforming garden unit and 1.5 car garage. Building has many updates including copper plumbing lines, renovated kitchens and bathrooms, updated gas forced air furnace systems, separate utilities, new hot water tanks and many newer windows. Add this to your portfolio, room to improve rents without having to do major renovations. Building has over 5% cap rate potential. Prime for Airbnb business due to enviable location with a walk score of 95. Total annual income includes Garden unit rent.

Last Agent to Sell the Property

Sari Levy

Lucid Realty, Inc. License #471004207 Listed on: 03/24/2021

Co-Listed By

Marco Mejia

Lucid Realty, Inc. License #475160999

Last Buyer's Agent

Tim Sheahan

Compass License #475145058

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,944

Lot Details

  • Lot Dimensions are 25x125
  • Paved or Partially Paved Lot

Parking

  • 1.5 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick Foundation
  • Stone Foundation
  • Rubber Roof

Interior Spaces

  • Ceiling Fan
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 4 Full Bathrooms
  • Soaking Tub

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Schools

  • Oscar Mayer Elementary School
  • Lincoln Park High School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 3 Units
  • Gross Income $74,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,944

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Other Equipment: CO Detectors, Ceiling Fan(s), Sump Pump
  • Basement Description: Finished
  • Bathroom Amenities: Soaking Tub
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0

Exterior Features

  • Foundation Details: Brick/Mortar, Stone
  • List Price: 1085000
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick,Limestone

Garage/Parking

  • Garage Spaces: 1.5
  • Number of Cars: 1.5
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Schools

  • Elementary School: Oscar Mayer Elementary School
  • High School: Lincoln Park High School
  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • GrossIncome: 74100
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 18944
  • Tax Year: 2019
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2022
Sold by
Gxsr Llc - Series C
Bought by
Putter Alexander S
Current Estimated Value
$1,356,196

Purchase Details

Closed on
Mar 22, 2022
Sold by
Gxsr Llc - Series C
Bought by
Ettner O'Reilly W and Ettner Annelise

Purchase Details

Listed on
Mar 24, 2021
Closed on
Jun 10, 2021
Sold by
Chicago Title Land Trust Company
Bought by
Gxsr Llc
Seller's Agent
Sari Levy
Lucid Realty, Inc.
Buyer's Agent
Tim Sheahan
Compass
List Price
$1,085,000
Sold Price
$1,085,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.09%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Putter Alexander S $920,000 None Listed On Document
Ettner O'Reilly W -- --
Gxsr Llc $1,085,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gxsr Llc $1,393,000
Closed Ettner O'Reilly W --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2021 06/16/21 Sold $1,085,000 0.0% --
03/30/2021 03/30/21 Pending -- -- --
03/23/2021 03/23/21 For Sale $1,085,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $26,275 $124,633 $20,181 $104,452
2023 $19,685 $124,530 $16,275 $108,255
2022 $19,685 $95,707 $38,750 $56,957
2021 $19,246 $95,707 $38,750 $56,957
2020 $18,905 $84,862 $34,100 $50,762
2019 $18,944 $94,292 $34,100 $60,192
2018 $19,624 $99,345 $34,100 $65,245
2017 $19,493 $90,550 $27,900 $62,650
2016 $18,136 $90,550 $27,900 $62,650
2015 $16,593 $90,550 $27,900 $62,650
2014 $16,353 $88,136 $21,700 $66,436
2013 $16,030 $88,136 $21,700 $66,436
Source: Public Records

Agents Affiliated with this Home

  • Sari Levy

    Seller's Agent in 2021

    Sari Levy

    Lucid Realty, Inc.

    (630) 359-4696

    4 in this area

    166 Total Sales

    Sari Levy
    Section Image

  • M

    Seller Co-Listing Agent in 2021

    Marco Mejia

    Lucid Realty, Inc.

    (773) 991-1222

    2 in this area

    41 Total Sales

    Marco Mejia
    Section Image
  • Tim Sheahan

    Buyer's Agent in 2021

    Tim Sheahan

    Compass

    (312) 733-7201

    32 in this area

    593 Total Sales

    Tim Sheahan
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11030437

Midwest Real Estate Data (MRED)

APN: 14-32-213-012-0000

Illinois Cook County Chicago 60614 Old Town

2143 N Racine Ave, Chicago, IL

This home is located at 2143 N Racine Ave, Chicago, IL 60614 since 24 March 2021 and is currently estimated at $1,356,196. 2143 N Racine Ave is a home located in Cook County with nearby schools including Mayer Elementary School, Lincoln Park High School, and St Josaphat School.

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