OFF MARKET

Off Market Oct 2019 for $1.4M

—

•

6 ba

•

6,818

sq ft

1039 S Racine Ave, Chicago, IL 60607

About this home

Excellent 6 unit residential apartment building located in Little Italy UIC neighborhood. Building is in very good condition, newer rear porch, and roof repairs finished before marketing. Full unfinished walk-out basement with coin operated washer/dryer, individual metered electric & gas utilities. Hardwood floors, remodeled kitchens. This is a great opportunity for investor and easy to lease and self manage.

Multi-familyProperty Type

1900Year Built

3,484 sq ftLot Size

$210Price/Sq.Ft.

2 spacesParking

Listed by William Altier • New West Realty LLC

Bought with Yunmei Luo • HomeSmart Realty Group

Redfin checked: a minute ago

•Source:MRED as Distributed by MLS Grid #10573684

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in Little Italy, IL

Last updated July 2026

Sale-to-List Price

98.1%

+1.2% MoM

Median sale price

$337K

$15K MoM

Avg. days on market

112d

7 days MoM

Recently sold homes

12 MoM

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See all

Provided by Redfin

Sale history for 1039 S Racine Ave

Year

Property tax

Land + Additions

Assessment*

2023

$30,275 (+2.6%)

$17,280 + $125,720

$143,000

2022

$29,513 (+2.3%)

$17,280 + $125,720

$143,000

2021

$28,850 (+55.8%)

$17,280 + $125,720

$143,000

2020

$18,521 (−1.3%)

$13,056 + $69,810

$82,866

2019

$18,769 (+1.7%)

$13,056 + $80,052

$93,108

2018

$18,452 (+43.5%)

$13,056 + $80,052

$93,108

2017

$12,861 (+7.8%)

$11,520 + $48,020

$59,540

2016

$11,925 (+9.3%)

$11,520 + $48,020

$59,540

2015

$10,910 (+19.1%)

$11,520 + $48,020

$59,540

2014

$9,160 (+2.0%)

$9,600 + $39,772

$49,372

2013

$8,979 (+1.3%)

$9,600 + $39,772

$49,372

2012

$8,860 (−25.8%)

$9,600 + $39,772

$49,372

2011

$11,938 (−0.4%)

$13,056 + $60,612

$73,668

2010

$11,987 (+4.4%)

$13,056 + $60,612

$73,668

2009

$11,487 (−0.9%)

$13,056 + $60,612

$73,668

2008

$11,596 (+1.0%)

$11,212 + $69,627

$80,839

2007

$11,481

$11,212 + $69,627

$80,839

Tax history for 1039 S Racine Ave

Year

Property tax

Land + Additions

Assessment*

2023

$30,275 (+2.6%)

$17,280 + $125,720

$143,000

2022

$29,513 (+2.3%)

$17,280 + $125,720

$143,000

2021

$28,850 (+55.8%)

$17,280 + $125,720

$143,000

2020

$18,521 (−1.3%)

$13,056 + $69,810

$82,866

2019

$18,769 (+1.7%)

$13,056 + $80,052

$93,108

2018

$18,452 (+43.5%)

$13,056 + $80,052

$93,108

2017

$12,861 (+7.8%)

$11,520 + $48,020

$59,540

2016

$11,925 (+9.3%)

$11,520 + $48,020

$59,540

2015

$10,910 (+19.1%)

$11,520 + $48,020

$59,540

2014

$9,160 (+2.0%)

$9,600 + $39,772

$49,372

2013

$8,979 (+1.3%)

$9,600 + $39,772

$49,372

2012

$8,860 (−25.8%)

$9,600 + $39,772

$49,372

2011

$11,938 (−0.4%)

$13,056 + $60,612

$73,668

2010

$11,987 (+4.4%)

$13,056 + $60,612

$73,668

2009

$11,487 (−0.9%)

$13,056 + $60,612

$73,668

2008

$11,596 (+1.0%)

$11,212 + $69,627

$80,839

2007

$11,481

$11,212 + $69,627

$80,839

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

3,840 Sq. Ft.

Year renovated

—

Sq. Ft.

6,483

Year built

1903

Style

Multi-Family (5+ Unit)

County

Cook County

APN

17174260160000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 11, 2026.

RT-4

Residential Two-Flat, Townhouse and Multi-Unit District

The primary purpose of the RT districts is to accommodate detached houses, two-flats, townhouses and low-density, multi-unit residential buildings at a density and building scale that is compatible with RS districts. The districts are intended to be applied in areas characterized by a mix of housing types. The districts are also intended to provide a gradual transition between RS districts and higher density RM districts. The RT districts are differentiated primarily on the basis of allowed density (minimum lot area per unit) and floor area ratios.

Permitted uses

Include but are not limited to:

Religious facility
Day care facility
Hospital / medical center
Housing-Group
Housing-Multiple units
Housing-Senior
Infrastructure
Bed & breakfast
Office
Public service

Property details

Parking

Parking Information
# of Parking Spaces: 2

Interior

Additional Rooms Information
Slab Basement

Equipment
Fire Protection: Smoke/Fire Protectors, Carbon Monoxide Detector(s)
# of Refrigerators: 6
# of Ranges: 6
# of Washers: 1
# of Dryers: 1

Heating & Cooling
Forced Air Heating, Gas Heating, Separate Heating Per Unit
No Air Conditioning

Multi-Family Information
# of Units: 6
Last Lease Expiration Date: Saturday, October 31, 2020 5:00 AM
Tenant Pays Electric, Tenant Pays Heat, Tenant Pays Hot Water

Unit 1 Information
# of Units of Type: 1
# of Rooms: 6
# of Beds: 4
# of Baths: 1
Monthly Income: $2,200
Maximum Monthly Income: $2,500

Unit 2 Information
# of Units of Type: 2
# of Rooms: 5
# of Beds: 3
# of Baths: 1
Monthly Income: $2,100
Maximum Monthly Income: $2,100

Unit 3 Information
# of Units of Type: 3
# of Rooms: 5
# of Beds: 3
# of Baths: 1
Monthly Income: $1,800
Maximum Monthly Income: $2,100

Exterior

Building Information
Built Before 1978
Age: 51+ Years
Brick Exterior, Stone Exterior
Brick Construction, Stone Construction
Concrete Foundation, Stone Foundation
Flat Roof

Property Features
Laundry Room
Security Gate, Storm Doors & Screens (As Exist)

Lot Information
Sq. Ft.: 3840
Dimensions: 24X160
City Street Access
Public Transport Available
Zoning: MULTI

Property Information
Ownership Type: Limited Liability Corp
Current Use: Residential (Multi-Family)
Potential Use: Residential (Multi-Family)
Parcel Identification Number: 17174260160000

Financial

Financial Information
Tax: $12,861
Tax Year: 2017
Total Monthly Income: $10,987
Total Annual Income: $136,850
Gross Rental Income: $131,849
Gross Rent Multiplier: 11
Net Operating Income: $84,925
Net Operating Income Year: 2017
Cap Rate: 5.6
Finance Code: Conventional

Utilities

Utility Information
Circuit Breakers
Sanitary Sewer to Site, Water (Municipal)

Location

Location Information
Township: West Chicago
Directions: Between Taylor Street (1000 south) & Roosevelt Rd (1200 south) on Racine (1200 west)

Public facts

Beds: 12
Baths: 6.0
Sq. Ft.: 6,483
Stories: 3.0
Lot Size: 3,840 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1903
Year Renovated: —
County: Cook County
APN: 17174260160000

Home facts updated by county records on Jul 10, 2026

Other

Expense Information
Total Annual: $51,926
Total Annual Year: 2017
Electricity: $600

Listing Information
Seller Concessions: No

Information for Agents
Agent Owned/Interest

Around this home

Schools

Smyth J Elementary School

Public PreK-8 • Assigned • 0.3mi

2/10

Wells Community Academy High School

Public 9-12 • Assigned • 2.2mi

1/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 99° expected this year, 14 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

4/10 Air Factor

5 unhealthy days expected this year, 7 days in 30 years

Provided by First Street

Historical weather

Chicago, IL • 60607

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

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.

10.3 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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Home values near 1039 S Racine Ave

Data from public records.

Address	Redfin Estimate
1105 S Racine Avenue, Chicago, IL 5 Beds \| 3 Baths \| 3177 Sq. Ft.	—
1033 S Racine Avenue #3SF, Chicago, IL 3 Beds \| 2.5 Baths \| - Sq. Ft.	$799,217

Address	Redfin Estimate
1101 S Racine Avenue, Chicago, IL 8 Beds \| 4 Baths \| 4089 Sq. Ft.	—
1033 S Racine Avenue #2S, Chicago, IL 2 Beds \| 2 Baths \| 1726 Sq. Ft.	$612,577

Address	Redfin Estimate
1037 S Racine Avenue #1, Chicago, IL 12 Beds \| 6 Baths \| 6483 Sq. Ft.	—
1033 S Racine Avenue #2N, Chicago, IL 2 Beds \| 2 Baths \| 1700 Sq. Ft.	$575,962

Property information provided by MRED as Distributed by MLS Grid when last listed in 2019. This data may not match . Learn more.

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About this home

Redfin Estimate

Market trends in Little Italy, IL

Sale history for 1039 S Racine Ave

Tax history for 1039 S Racine Ave

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 60661

Home values near 1039 S Racine Ave

More real estate resources