SOLD SEP 19, 2025

Off Market Sep 2025 for $865K

$1,001,165

Est. refi paymentEst. refi $6,735/mo

•

—

sq ft

1838 S Racine Ave, Chicago, IL 60608

About this home

1838 S Racine Ave is a fully renovated four-unit multifamily property located in the heart of East Pilsen-one of Chicago's most culturally vibrant and rapidly appreciating neighborhoods. Offering a strong 7.8% in-place cap rate, this asset is just off 18th Street and surrounded by award-winning dining, art, and community energy. In fact, Pilsen has been recognized as one of the coolest neighborhoods in the world, celebrated for its rich culture, dynamic food scene, and thriving art galleries. It's the only Chicago neighborhood to earn this global recognition, underscoring its distinct character and widespread appeal. The property features two three-bedroom, one-bath units and two one-bedroom, one-bath units, all of which were fully renovated in 2018. Renovations include modern kitchens with Samsung stainless steel appliances, granite countertops, updated cabinets, gas ranges, and French-door refrigerators with pull-out freezers. Each unit offers full-size in-unit laundry, updated bathrooms, new flooring, and individual HVAC systems with central heat. The building also benefits from a tear-off roof replacement in 2014 and newer windows installed in 2002. Interiors are bright and welcoming, with wood laminate flooring throughout, spacious queen-sized bedrooms with walk-in closets, and open-concept living and dining areas. Select units include window A/C units for added comfort. Residents enjoy private access to a shared backyard-perfect for relaxing outdoors-and the convenience of two parking spaces in the rear, including one garage and one surface spot. Located within walking distance to popular spots like La Luna, Pilsen Yards, and Rabbanitos, and just over a mile from UIC, the property boasts a Walk Score of 97-making it a true "Walker's Paradise." Divvy bike stations, CTA stops, and proximity to downtown further enhance connectivity and rental demand. The building is fully leased through 2026 with excellent in-place rents and responsible tenants. Tenants pay for gas, electricity, and internet, while the owner covers water, trash, sewer, and recycling. This is a turnkey investment opportunity in one of the most exciting neighborhoods Chicago has to offer-with both cash flow stability and long-term upside.

Multi-familyProperty Type

1888Year Built

3,125 sq ftLot Size

1 car garageParking

Listed by Vilgert Vincenzo Kostaqi • Coldwell Banker Realty

Bought with Lourdes Fernando • Keller Williams ONEChicago

Redfin checked: 2 minutes ago

•Source:MRED as Distributed by MLS Grid #12433143

Redfin Estimate

$1,001,165

$136K since sold in September 2025$10K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 49.1% higher than the average sale price ($672K) of 6 comparable homes.

SOLD JUL 31, 2026
$549,000
A
6 beds6 baths— sq ft
1036 W 18th St, Chicago, IL 60608
SOLD JAN 14, 2026
$600,000
B
10 beds4 baths— sq ft
835 S Laflin St, Chicago, IL 60607
SOLD AUG 13, 2026
$700,000
C
9 beds5 baths— sq ft
2149 W 18th Pl, Chicago, IL 60608
SOLD APR 29, 2026
$730,000
D
6 beds4 baths— sq ft
1536 W 17th St, Chicago, IL 60608
SOLD JUL 9, 2026
$655,000
E
7 beds4 baths— sq ft
944 W 18th St, Chicago, IL 60608
SOLD JUN 11, 2026
$795,000
F
8 beds4 baths— sq ft
2142 W 18th St, Chicago, IL 60608

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Earn from this home

Sell

$272,111

Est. take-home

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Refinance

Est. cash available

Get cash now or lower your monthly rate

Market trends in Pilsen Historic District, IL

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.5%

+2.5% MoM

Median sale price

$506K

$3K MoM

Avg. days on market

78d

17 days MoM

Recently sold homes

5 MoM

New listings for sale

$839,990
4 beds3.5 baths3,000 sq ft
2810 S Grove St, Chicago, IL 60608
$360,000
2 beds2 baths1,200 sq ft
833 W 15th Pl #303, Chicago, IL 60608
$824,900
7 beds4 baths— sq ft
2842-46 S Quinn St, Chicago, IL 60608
$549,999
8 beds3 baths— sq ft
1338 S Washtenaw Ave, Chicago, IL 60608
$2,575,000
20 beds12 baths7,235 sq ft
1334 W 18th Pl, Chicago, IL 60608
OPEN TODAY, 9:30AM TO 11:30AM
$399,000
3 beds1 bath2,052 sq ft
Chicago, IL 60608
$295,000
3 beds1 bath1,300 sq ft
1343 W 31st St #1, Chicago, IL 60608
$475,000
7 beds3 baths— sq ft
2800 S Hillock Ave, Chicago, IL 60608
$344,900
2 beds1.5 baths1,100 sq ft
1524 S Sangamon St Unit 704S, Chicago, IL 60608
$499,900
4 beds2 baths2,313 sq ft
2972 S Loomis St, Chicago, IL 60608
See all

Provided by Redfin

Sale history for 1838 S Racine Ave

Date

Event

Price

Public Records

Oct 30, 2025

Sold

$865,000

MRED as Distributed by MLS Grid #12433143

Sep 19, 2025

Sold (MLS) (Closed)

$865,000

Aug 7, 2025

Contingent (Contingent - Continue to Show)

—

Jul 30, 2025

Listed (Active)

$880,000

MRED as Distributed by MLS Grid #11937681

Mar 25, 2024

Sold (MLS) (Closed)

$760,000

Jan 25, 2024

Contingent (Contingent - No Showings)

—

Nov 27, 2023

Listed (Active)

$795,000

+11

1838 S Racine Ave is a four (4) unit multifamily property in the popular Pilsen neighborhood. **7.4% IN PLACE CAP RATE** Located just off 18th St., this asset is ideal located in one of the hottest neighborhoods in Chicago and even the world (according to Forbes). With a walkscore of 97, this is labeled a "Walker's Paradise!" The property features two (2) three bed, one bath units and two (2) one bed, one bath units. All units were renovated in 2018 and features newer kitchens, bathrooms, stainless steel appliances, granite counter tops, new electric, panels, front porch and flooring where needed and In-Unit Laundry. All units have central heat and there is a mix of updates throughout systems wise. The roof was replaced in 2014 (tear off) and windows were replaced in 2002. In the rear, there are two (2) parking spaces: one garage space and one surface parking space.

MRED as Distributed by MLS Grid #09958143

Sep 6, 2018

Listing Removed

—

May 21, 2018

Listed (New)

Public Records

Dec 23, 2003

Sold

$285,000

Public Records

May 30, 1991

Sold

$29,000

Year

Property tax

Land + Additions

Assessment*

2023

$10,760 (+2.6%)

$9,375 + $41,625

$51,000

2022

$10,490 (+2.3%)

$9,375 + $41,625

$51,000

2021

$10,256 (+36.9%)

$9,375 + $41,625

$51,000

2020

$7,492 (−3.5%)

$7,343 + $26,288

$33,631

2019

$7,767 (+1.7%)

$7,343 + $31,314

$38,657

2018

$7,636 (+32.9%)

$7,343 + $31,314

$38,657

2017

$5,745 (+32.2%)

$6,406 + $23,657

$30,063

2016

$4,347 (−13.5%)

$6,406 + $23,657

$30,063

2015

$5,028 (+28.4%)

$6,406 + $23,657

$30,063

2014

$3,917 (+2.3%)

$5,625 + $18,058

$23,683

2013

$3,829 (+29.0%)

$5,625 + $18,058

$23,683

2012

$2,969 (−35.9%)

$5,625 + $18,058

$23,683

2011

$4,633 (−0.4%)

$7,500 + $21,093

$28,593

2010

$4,653 (+4.4%)

$7,500 + $21,093

$28,593

2009

$4,459 (+2.7%)

$7,500 + $21,093

$28,593

2008

$4,341 (+1.0%)

$5,374 + $24,888

$30,262

2007

$4,298

$5,374 + $24,888

$30,262

Tax history for 1838 S Racine Ave

Year

Property tax

Land + Additions

Assessment*

2023

$10,760 (+2.6%)

$9,375 + $41,625

$51,000

2022

$10,490 (+2.3%)

$9,375 + $41,625

$51,000

2021

$10,256 (+36.9%)

$9,375 + $41,625

$51,000

2020

$7,492 (−3.5%)

$7,343 + $26,288

$33,631

2019

$7,767 (+1.7%)

$7,343 + $31,314

$38,657

2018

$7,636 (+32.9%)

$7,343 + $31,314

$38,657

2017

$5,745 (+32.2%)

$6,406 + $23,657

$30,063

2016

$4,347 (−13.5%)

$6,406 + $23,657

$30,063

2015

$5,028 (+28.4%)

$6,406 + $23,657

$30,063

2014

$3,917 (+2.3%)

$5,625 + $18,058

$23,683

2013

$3,829 (+29.0%)

$5,625 + $18,058

$23,683

2012

$2,969 (−35.9%)

$5,625 + $18,058

$23,683

2011

$4,633 (−0.4%)

$7,500 + $21,093

$28,593

2010

$4,653 (+4.4%)

$7,500 + $21,093

$28,593

2009

$4,459 (+2.7%)

$7,500 + $21,093

$28,593

2008

$4,341 (+1.0%)

$5,374 + $24,888

$30,262

2007

$4,298

$5,374 + $24,888

$30,262

*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

3,125 Sq. Ft.

Year renovated

—

Sq. Ft.

3,400

Year built

1891

Style

Multi-Family (2-4 Unit)

County

Cook County

APN

17203160360000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 11, 2026.

B3-2

Community Shopping District

The primary purpose of the B3, Community Shopping district is to accommodate a very broad range of retail and service uses, often in the physical form of shopping centers or larger buildings than found in the B1 and B2 districts. In addition to accommodating development with a different physical form than found in B1 and B2 districts, the B3 district is also intended to accommodate some types of uses that are not allowed in B1 and B2 districts. The B3 district is intended to be applied to large sites that have primary access to major streets. It may also be used along streets to accommodate retail and service use types that are not allowed in B1 and B2 districts.

Permitted uses

Include but are not limited to:

Automotive repair garage
Day care facility
General retail
Restaurant
Housing-Senior
Warehouse
Mixed use building
Office
Medical office
Veterinary clinic

Property details

Parking

Parking Information
# of Garage Spaces: 1
# of Parking (Total): 1
Parking Features: Garage Door Opener, On Site, Garage Owned, Detached, Garage

Interior

Bathroom Information
# of Baths (Full): 4

Bedroom Information
# of Bedrooms: 8
# of Bedrooms Possible: 8

Interior Features
# of Rooms: 36

Multi-Unit Information
3 Br Unit(s) In Bldg: Yes

Unit Type 1 Information
Floor Number: 1
# of Rooms: 4
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Window Air Conditioner,Accessible Entrance
Security Deposit: 1400
Rent: $1,400
Tenant Pays: Electric,Gas
Lease Expiration Date: Monday, June 1, 2026

Unit Type 2 Information
Floor Number: 1
# of Rooms: 4
# of Bedrooms: 1
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Window Air Conditioner,Accessible Entrance
Security Deposit: $1,575
Rent: $1,575
Tenant Pays: Electric,Gas
Lease Expiration Date: Sunday, March 1, 2026

Unit Type 3 Information
Floor Number: 2
# of Rooms: 8
# of Bedrooms: 3
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Window Air Conditioner,Accessible Entrance
Security Deposit: $2,150
Rent: $2,150
Tenant Pays: Electric,Gas
Lease Expiration Date: Sunday, March 1, 2026

Unit Type 4 Information
Floor Number: 3
# of Rooms: 8
# of Bedrooms: 3
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Window Air Conditioner,Accessible Entrance
Security Deposit: $2,500
Rent: $2,100
Tenant Pays: Electric,Gas
Lease Expiration Date: Sunday, March 1, 2026

Exterior

Building Information
# Of Units in Building: 4
Age: 100+ Years
Built Before 1978 (Y/N): Yes
Construction Materials: Vinyl Siding

Property Information
Property Type: Two to Four Units
Ownership: Fee Simple
Rebuilt (Y/N): No
Rehab (Y/N): Yes
Rehab Year: 2018
Parcel Number: 17203160360000

Lot Information
Dimensions: 25X125
Lot Size: Less Than .25 Acre

Financial

Tax Information
Tax Annual Amount: $10,790
Tax Year: 2023

Financial Information
Finance Code: Conventional
Special Service Area: N
Gross Income: $87,000

Utilities

Utility Information
Water Source: Lake Michigan
Sewer: Public Sewer

Heating & Cooling
Heating: Natural Gas

Location

School Information
Elementary School District: 299
Middle Or Junior School District: 299
High School District: 299

Location Information
Township: West Chicago
Corporate Limits: Chicago
Directions: West on 18th St, South on Racine Ave

Public facts

Beds: 8
Baths: 4.0
Sq. Ft.: 3,400
Stories: 2.0
Lot Size: 3,125 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1891
Year Renovated: —
County: Cook County
APN: 17203160360000

Home facts updated by county records on Jul 11, 2026

Other

Expense Information
Water Sewer Expense: $2,449
Water Expense Source: Actual
Insurance Expense: $1,560

Listing Information
Holds Earnest Money: Yes
Possession: Closing
Some Photos Virtually Staged?: No

Around this home

Schools

Perez Elementary School

Public PreK-8 • Assigned • 0.1mi

7/10

Juarez Community Academy High School

Public 9-12 • Assigned • 0.4mi

2/10

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 101° expected this year, 14 days in 30 years

2/10 Wind Factor

0% chance of strong winds in 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 • 60608

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

Estimated sale price

$952,000 – $1.15M

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Home values near 1838 S Racine Ave

Data from public records.

Address	Redfin Estimate
1832 South Racine Ave, Chicago, IL 10 Beds \| 5.5 Baths \| 4428 Sq. Ft.	—
1840 South Racine Ave, Chicago, IL 6 Beds \| 5 Baths \| 7500 Sq. Ft.	$743,606

Address	Redfin Estimate
1839 South Racine Ave, Chicago, IL 10 Beds \| 4.5 Baths \| - Sq. Ft.	$790,064
1824 South Racine Ave, Chicago, IL 4 Beds \| 2 Baths \| 1890 Sq. Ft.	$394,127

Address	Redfin Estimate
1830 South Racine Ave, Chicago, IL 4 Beds \| 2 Baths \| 2408 Sq. Ft.	$509,617
1844 South Racine Ave, Chicago, IL 10 Beds \| 4 Baths \| 5922 Sq. Ft.	$729,201

Property information provided by MRED as Distributed by MLS Grid when last listed in 2025. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in Pilsen Historic District, IL

Sale history for 1838 S Racine Ave

Tax history for 1838 S Racine Ave

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 60608

Home values near 1838 S Racine Ave

More real estate resources