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2129 N Racine Avenue Chicago, IL 60614

$3,000,000
New / MLS# 12656616 / Multi Unit - Multiple / Chicago
0 Beds

Rare opportunity to acquire a fully renovated five-unit Greystone property in the heart of Chicago's highly sought-after Lincoln Park neighborhood. The property consists of a three-unit front building and a two-unit coach house, offering an attractive unit mix of spacious 2-, 3-, and 4-bedroom apartments ideal for strong tenant demand. Located just steps from neighborhood retail, public transportation, and the lakefront, this turnkey investment combines prime location with modern functionality. All units were completely gut rehabbed down to the studs in 2016 and feature high-end finishes throughout, including quartz countertops, in-unit laundry, individual HVAC systems, and separate hot water heaters. The extensive 2016 renovation also included updated building systems, providing long-term peace of mind for ownership. The first-floor coach house lease expires at the end of July, creating a potential owner-occupancy opportunity, while all other units are secured with leases extending through summer 2027, offering stable in-place income.

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Baird & Warner Liz Spencer Agent Cell: 847.650.1302 Email

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Estimated Payment

$ 10,572.50 per month $6,666.67 Principal & Interest $3,030.83 Property Tax $875.00 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Cooling: Central Air
Lot Size: 0.07 Acres
Stories: 3.0
Taxes: $36,370
Year Built: 1900

Feature Descriptions

Exterior: Brick
HVAC: Central Bldg Heat, Central Heat/Indiv Controls
Lot Dimensions: 25X127.5
Parcel#: 14322130170000
Tenant Pays: Air Conditioning, Electricity, Heat
Units: 5

Location

See details and scored characteristics about this location.

Listing Office: Star Realty & Management

Listing Office Phone: 312-371-2564



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