M
Seller's Agent in 2024
Mark Johns
Gordon Realty Co.
(773) 780-9825
5 in this area
14 Total Sales
3238 S Racine Ave Chicago, IL 60608
Bridgeport Neighborhood
7
Beds
4
Baths
--
Sq Ft
1903
Built
About This Home
As of February 2024Presenting a great investment opportunity, this two-story building boasts four well-maintained apartments (two of which were owner occupied). The units each have a mix of traditional design and trim, hardword floors mixed with updated kichens. Three spacious two-bedroom, one-bath units offering quaint living spaces and ample natural light. The fourth apartment, a cozy one-bedroom, one-bath unit, suits singles or couples perfectly. This well-managed property had consistent rental income but is current vacant to prepare the units for sale. Situated in a prime location with easy access to amenities, schools, and transportation, it appeals to a wide tenant demographic. With impressive local rental rates, there is potential for increased cash flow, This property represents a secure and lucrative real estate investment. This property is also combined as a package with an adjacent lot (Listing# 11885072) for an opportunity to either enjoy the space, or possibly build another dream house next door. Seller is motivated and will consider all written offers.
Last Agent to Sell the Property
Gordon Realty Co. License #471021139 Listed on: 09/14/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,863
Year Built
- Built in 1903
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Potential Bedrooms
- 4 Bathrooms
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Crawl Space
- Lot Dimensions are 24 x 124
Community Details
- 4 Units
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/29/2024 02/29/24 | Sold | $500,000 | -7.1% | -- |
| 01/09/2024 01/09/24 | Pending | -- | -- | -- |
| 10/13/2023 10/13/23 | Price Changed | $538,000 | -1.8% | -- |
| 09/19/2023 09/19/23 | Price Changed | $548,000 | -26.7% | -- |
| 09/14/2023 09/14/23 | For Sale | $748,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11880764
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