ATTN INVESTORS! 5.8% CAP with potential for 7%. Well maintained 3-flat in AAA+ Lakeview location ideal for renters or convert to SFH. Features newly gut-rehabbed (2020) top floor 3BD/2BTH duplex-up with all new appliances, HVAC, kitchen/baths ++. Unit 1 2BD/1BTH and 1BD/1BTH Garden unit each with mix of vintage and modern charm. Spacious Floor Plans with improvements throughout - HDWD Floors, Newer Baths/Kitchen & Mechanicals. Structural Engineer approved building w/excellent history of tenants & steady income. All 3 units have been fully leased for 10+ years, with zero vacancy, and minimal marketing effort. Units 1 or 2 make for ideal Owner's Units, with Garden as bonus income. Newly paved (2019) and spacious rear patio and side breezeway + Foundation fully Waterproofed, along with all new sewer lines installed in 2019 as well. Newly built (2019) 2-Car Detached Garage w/ parking included in rents. A true walkers paradise +++
Multi-familyProperty Type
1896Year Built
2 car garageParking
Listed by Jason Hiller• Jameson Sotheby's Intl Realty
ATTN INVESTORS! 5.6% CAP with potential for 7%. Well maintained 2-flat + garden unit in AAA+ Lakeview location ideal for renters or convert to SFH (early termination clause in all leases). Features top floor 3BD/2BTH duplex-up with huge master suite; 1st floor 2BD/1BTH and 1BD/1BTH Garden unit. Spacious Floor Plans with improvements throughout - HDWD Floors, Newer Baths/Kitchen, Mechanicals and Roof within last 10-years. Structural Engineer approved Building w/ great tenants & strong income. All 3 units have been fully leased for 10+ years, with zero vacancy, and minimal marketing effort. Units 1 or 2 make for ideal Owner's Units, with Garden as bonus income. Spacious Rear Garden separates building from 2-Car Detached Garage (included in rents).
MRED as Distributed by MLS Grid #10122610
Nov 15, 2018
Listing Removed
—
MRED as Distributed by MLS Grid #09953367
Oct 17, 2018
Listing Removed
—
Public Records
Apr 2, 2018
Sold
$685,000
MRED as Distributed by MLS Grid #07428158
Feb 1, 2012
Listing Removed
—
Public Records
Oct 1, 1998
Sold
$555,000
Public Records
Mar 28, 1980
Sold
$76,000
Public Records
Feb 20, 1979
Sold
$40,000
Year
Property tax
Land + Additions
Assessment*
2023
$18,356 (+2.6%)
$48,024 + $56,976
$105,000
2022
$17,894 (+2.3%)
$48,300 + $38,700
$87,000
2021
$17,495 (+7.6%)
$48,300 + $38,700
$87,000
2020
$16,262 (−15.2%)
$18,768 + $54,232
$73,000
2019
$19,169 (+1.7%)
$18,768 + $76,640
$95,408
2018
$18,846 (+20.8%)
$18,768 + $76,640
$95,408
2017
$15,604 (+1.2%)
$16,560 + $55,926
$72,486
2016
$15,422 (+2.7%)
$16,560 + $60,441
$77,001
2015
$15,019 (+9.7%)
$16,560 + $65,404
$81,964
2014
$13,690 (+2.0%)
$13,800 + $59,986
$73,786
2013
$13,419 (+1.3%)
$13,800 + $59,986
$73,786
2012
$13,241 (−3.1%)
$13,800 + $59,986
$73,786
2011
$13,663 (−0.4%)
$16,008 + $68,309
$84,317
2010
$13,720 (−1.9%)
$16,008 + $68,309
$84,317
2009
$13,980 (+3.2%)
$16,008 + $73,648
$89,656
2008
$13,550 (+1.0%)
$17,933 + $76,527
$94,460
2007
$13,416
$17,933 + $76,527
$94,460
Tax history for 2943 N Racine Ave
Year
Property tax
Land + Additions
Assessment*
2023
$18,356 (+2.6%)
$48,024 + $56,976
$105,000
2022
$17,894 (+2.3%)
$48,300 + $38,700
$87,000
2021
$17,495 (+7.6%)
$48,300 + $38,700
$87,000
2020
$16,262 (−15.2%)
$18,768 + $54,232
$73,000
2019
$19,169 (+1.7%)
$18,768 + $76,640
$95,408
2018
$18,846 (+20.8%)
$18,768 + $76,640
$95,408
2017
$15,604 (+1.2%)
$16,560 + $55,926
$72,486
2016
$15,422 (+2.7%)
$16,560 + $60,441
$77,001
2015
$15,019 (+9.7%)
$16,560 + $65,404
$81,964
2014
$13,690 (+2.0%)
$13,800 + $59,986
$73,786
2013
$13,419 (+1.3%)
$13,800 + $59,986
$73,786
2012
$13,241 (−3.1%)
$13,800 + $59,986
$73,786
2011
$13,663 (−0.4%)
$16,008 + $68,309
$84,317
2010
$13,720 (−1.9%)
$16,008 + $68,309
$84,317
2009
$13,980 (+3.2%)
$16,008 + $73,648
$89,656
2008
$13,550 (+1.0%)
$17,933 + $76,527
$94,460
2007
$13,416
$17,933 + $76,527
$94,460
*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
6
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
2,760 Sq. Ft.
Year renovated
2022
Sq. Ft.
4,603
Year built
1896
Style
Multi-Family (2-4 Unit)
County
Cook County
APN
14292150070000
Parking Spaces
2
Basement
Yes
Accessible
No
HOA Dues
—
Garage
Yes
Features
—
Last updated by owner on Oct 17, 2022.
RS-3
Residential Single-Unit (Detached House) District
The primary purpose of the RS districts is to accommodate the development of detached houses on individual lots. It is intended that RS zoning be applied in areas where the land-use pattern is characterized predominately by detached houses on individual lots or where such a land use pattern is desired in the future. The Zoning Ordinance includes three RS districts - RS3 - which are differentiated primarily on the basis of minimum lot area requirements and floor area ratios.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Single unit
Housing-Other
Infrastructure
Educational / school
Library
Recreation
Cemetery
Park & open space
Property details
Parking
Parking Information
# Of Cars: 2
# of Garage Spaces: 2
Parking: Garage
Garage Ownership: Owned
Garage On-Site: Yes
Garage Type: Detached
Garage Details: Garage Door Opener(s),Transmitter(s)