This home's estimate is 4.7% lower than the average sale price ($429K) of 6 comparable homes.
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1016 S Racine Ave #201, Chicago, IL 60607
About this home
Welcome to 1016 S Racine Ave, Unit 201-a rare opportunity to own a true 3-bedroom, 2-bathroom condo in the heart of Little Italy. This meticulously maintained, bright, and spacious corner unit offers an open-concept layout with abundant natural light throughout. The kitchen features granite countertops and ample cabinet space, making it ideal for both everyday living and entertaining. The primary suite includes a private en-suite bathroom, while two additional bedrooms offer versatility for guests, family, or a home office-an uncommon find in this area. Additional highlights include in-unit laundry, central HVAC, access to a shared yard, and a garage parking spot (included). The unit is offered fully furnished, if desired-providing a turnkey opportunity for homeowners. Located just steps from Taylor Street, a lively corridor of cafes, Italian bakeries, and top-rated eateries, this home offers the perfect blend of neighborhood charm and urban convenience. Situated close to the vibrant University Village community, you'll benefit from a well-managed and efficient HOA, along with easy access to UIC's East and West campuses, the Rush Medical District, and the Blue Line at Racine-making it a breeze for commuters, students, and professionals. Don't miss this rare 3-bedroom gem in one of Chicago's most sought-after neighborhoods, full of culture, community, and character.This is an income-restricted City of Chicago Affordable Housing (TIF) unit. Buyer must be at or below 100% HUD household income guidelines and be approved by DOH staff prior to placing an offer. For a household of 1 person, the household gross income requirement cannot exceed $84,000; and for a household of 2 persons, the household gross income requirement cannot exceed $96,000. At time of closing, buyer must agree to sign an Affordable Housing Covenant and Agreement with resale restrictions.
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Market trends in Little Italy, IL
Last updated July 2026
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Sale history for 1016 S Racine Ave #201
$252/sq ft
$252/sq ft
Tax history for 1016 S Racine Ave #201
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- # of Garage Spaces: 1
- # of Parking (Total): 1
- Parking Features: Garage Door Opener, Detached, Garage
Interior
- Bathroom Information
- # of Baths (Full): 2
- Bedroom Information
- # of Bedrooms: 3
- # of Bedrooms Possible: 3
- Room Information
- Room Type: Storage
- Level: Main
- Dimensions: 3 x 3
- Room Information
- Room Type: Bedroom 2
- Level: Main
- Dimensions: 11 x 11
- Flooring: Carpet
- Room Information
- Room Type: Bedroom 3
- Level: Main
- Dimensions: 11 x 10
- Flooring: Carpet
- Room Information
- Room Type: Bedroom 4
- Room Information
- Room Type: Dining Room
- Level: Main
- Dimensions: COMBO
- Room Information
- Room Type: Family Room
- Room Information
- Room Type: Kitchen
- Type: Granite Counters
- Level: Main
- Dimensions: 10 x 10
- Flooring: Ceramic Tile
- Room Information
- Room Type: Laundry
- Level: Main
- Dimensions: 3 x 3
- Flooring: Vinyl
- Room Information
- Room Type: Living Room
- Level: Main
- Dimensions: 20 x 15
- Flooring: Carpet
- Room Information
- Room Type: Master Bedroom
- Level: Main
- Dimensions: 11 x 13
- Flooring: Carpet
- Bath: Full
- Additional Rooms Information
- Dining Room: Combined w/ LivRm
- Laundry Features: Washer Hookup, In Unit, Laundry Closet
- Interior Features
- Interior Features: Open Floorplan, Dining Combo
- # of Rooms: 6
- Equipment
- Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Range Hood
Exterior
- Building Information
- # Of Units in Building: 6
- Living Area Source: Estimated
- Age: 16-20 Years
- Built Before 1978 (Y/N): No
- Construction Materials: Brick
- Property Information
- Entry Level: 2
- Property Type: Attached Single
- Property Type: Condo
- Ownership: Condo
- Property Currently Being Leased: No
- Rebuilt (Y/N): No
- Rehab (Y/N): No
- Parcel Number: 17173340454003
- Lot Information
- Dimensions: COMMON
Financial
- Tax Information
- Tax Annual Amount: $5,715.29
- Tax Year: 2023
- Tax Exemptions: Homeowner,Senior
- Financial Information
- Finance Code: Conventional
- Special Service Area: N
Utilities
- Utility Information
- Water Source: Lake Michigan
- Sewer: Public Sewer
- Electric: Circuit Breakers
- Heating & Cooling
- Heating: Natural Gas, Forced Air
- Cooling: Central Air
Location
- Community Information
- Management: Self-Management
- Pets Allowed (Y/N): Yes
- Pets Allowed: Cats OK, Dogs OK
- Max Pet Weight: 999
- Homeowners Association Information
- Association Fee: $201
- Association Fee Frequency: Monthly
- Association Fee Includes: Water, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
- Master Association Fee Frequency: Not Required
- School Information
- Elementary School District: 299
- Middle Or Junior School District: 299
- High School District: 299
- Location Information
- Township: South Chicago
- Corporate Limits: Chicago
- Directions: TAYLOR ST EAST OR WEST OT RACINE S TO PROPERTY
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: —
- Stories: —
- Lot Size: —
- Style: Condo/Co-op
- Year Built: —
- Year Renovated: —
- County: Cook County
- APN: 17173340454003
Other
- Listing Information
- Holds Earnest Money: Yes
- Possession: Closing
- Some Photos Virtually Staged?: No
- Teams Information
- Buyer Team Name: Refine Residential
Around this home
Schools
Public PreK-8 • Assigned • 0.3mi
Public 9-12 • Assigned • 2.2mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 99° expected this year, 14 days in 30 years
0% chance of strong winds in next 30 years
5 unhealthy days expected this year, 7 days in 30 years
Sun exposure
In this area, properties receive around 10.3 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.
Nearby similar homes
New listings for sale in 60607
Home values near 1016 S Racine Ave #201
| Address | Redfin Estimate |
|---|---|
4 Beds | 2 Baths | 1500 Sq. Ft. | $482,576 |
6 Beds | 2 Baths | 1760 Sq. Ft. | — |
| Address | Redfin Estimate |
|---|---|
8 Beds | 4 Baths | 3224 Sq. Ft. | $881,109 |
3 Beds | 2 Baths | 2300 Sq. Ft. | $665,761 |
| Address | Redfin Estimate |
|---|---|
9 Beds | 3 Baths | 3300 Sq. Ft. | $871,831 |
3 Beds | 2 Baths | - Sq. Ft. | $466,176 |
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