1707-1709 S Racine Ave - Apartments FOR SALE


Chicago, IL 60608- Pilsen
$3,125,000 USD
312-477-0195
1707-1709 S Racine Ave, Chicago, IL for Sale
$3,125,000 USD
Apartments - FOR SALE
1/3
null | 7.23% Cap Rate

1707-1709 S Racine Ave
Chicago, IL 60608
Pilsen


HIGHLIGHTS

  • 16-Unit Multifamily Offering in Dynamic Pilsen Location at 18th and Racine
  • Great Economies of Scale for Pilsen Sub-Market - Rarely Available
  • Updated Apartments with Granite Countertops, Dishwashers, and Central Heat
  • Four (4) Units Feature Central A/C
  • Basement Coin Laundry
  • Value-Add Potential Through Light Cosmetic Upgrades

OVERVIEW

Located in the heart of Pilsen, 1707-1709 S Racine Ave offers a rare opportunity to acquire a 16-unit multifamily asset across three buildings on one PIN in one of Chicago’s most sought-after rental neighborhoods. Positioned just off 18th Street and near the CTA Pink Line, the property provides tenants excellent access to dining, retail, nightlife, and downtown transportation. Assets with this unit count are increasingly hard to find in the immediate area. The buildings feature a well-maintained unit mix with updated interiors including granite countertops, modern kitchens, in-unit dishwashers, and central heat throughout all apartments. Four units currently offer central air conditioning, with the remaining units utilizing window AC. Additional amenities include coin laundry in the basement, creating supplemental income potential. With strong in-place fundamentals, meaningful upside potential, and an unbeatable Pilsen location, 1707-1709 S Racine Ave is well-positioned to attract investors seeking scale and long-term growth.

FOR SALE DETAILS

PRICE

$3,125,000 USD

PRICE/SF

$191 USD /SF

# OF UNITS

16

PRICE/UNIT

$195,313

CAP RATE

7.23%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1891

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,229 SF

ZONING

R

APN/PARCEL ID

17-20-401-003-0000

ASK ABOUT THIS PROPERTY

Brad FeldmanInterra RealtyMore Info
312-477-0195

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Brad FeldmanInterra RealtyMore Info
312-477-0195

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.