Fantastic oportunity to add to your portofoio this brick 3 unit with finished attic living space. Fully rented provides $3600 in monthly income,tenants pays gas and electric bill. Newer electric, plumbing and windows, with detached 2 car garage . Property is being sold in ''As Is'' condition .
New City / Back of the Yards, located between Pershing Road and 55th Street, is a historic and industrial Chicago neighborhood with brick two-flats and rail-lined corridors. The neighborhood’s character concentrates around 47th Street and Ashland Avenue, where taquerias, corner bakeries, and long-running storefronts sit beside working warehouses. The Union Stock Yard Gate anchors the area’s legacy in the streetscape. Back of the Yards Coffee Co. adds a modern counterpoint in a straightforward, workshop-like setting. Davis Square Park and the broad lawns of Sherman Park frame everyday outdoor time among gridded blocks and freight routes.
Provided by Walk Score and Local Logic
Market insights
4813 S Racine St · $449,500
DAYS ON MARKET
2 days
The average home goes pending in 60 days.
SALE-TO-LIST
99.5%
Most homes are selling 0% below list price.
LIST PRICE
$449,500
Median list price in this area is $492,942. (10% higher than this home)
PRICE DROP
0 price drops
11% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Living
Interior features
17 total rooms
Partially finished daylight basement
Three 3-bedroom units in the building
Bedrooms
12 total bedrooms (units: 3-bed on 1st floor; 4-bed on 2nd floor; 4-bed on 3rd floor)
Bathrooms
4 full bathrooms building total (each unit has 1 full bath)
Kitchen
Each unit includes a stove and refrigerator
Laundry & utility
Tenants are responsible for electricity
Heating & cooling
Natural gas forced air heating
Exterior features
Lot dimensions approximately 25 x 128
Zoned multi-family
Less than 0.25 acre lot
Home design
Two-to-four unit multi-family building
Fee simple ownership
Rehab completed in 2010
Building is over 100 years old
Built before 1978
Parking
Detached garage with 2 garage spaces (2 total parking spaces)
Construction
Brick construction
Asphalt roof
Concrete perimeter foundation
Utilities
Water from Lake Michigan / public water
Sewer: other
Financial info
Gross income reported at $43,200
Other
Three units total in the building
Some units are rented month-to-month at $1,000 per unit
Electricity and solar
View estimated energy costs and solar savings for this home
You can't beat this price on this brick 3 unit with additional attic living space. Nwr windows, hardwood floors & a 2 car garage. Investors/rehabbers make this your next smart project and watch the cash flow in. Some vandalism, but great potential. Room cnt estimated. Seller provides no disclosures, warrantees or survey. Please allow 24-48 hours for bank repsonse.
Public Records
Aug 10, 2005
Sold
$194,000
Public Records
Aug 6, 1996
Sold
$95,000
Public Records
May 17, 1989
Sold
$63,000
Year
Property tax
Land + Additions
Assessment*
2023
$1,305 (+4.4%)
$2,968 + $6,531
$9,499
2022
$1,250 (+0.8%)
$2,968 + $6,531
$9,499
2021
$1,240 (+12.6%)
$2,968 + $6,531
$9,499
2020
$1,102 (−7.5%)
$2,968 + $5,081
$8,049
2019
$1,192 (+1.8%)
$2,968 + $6,392
$9,360
2018
$1,170 (−65.3%)
$2,968 + $6,392
$9,360
2017
$3,371 (+1.8%)
$2,656 + $16,377
$19,033
2016
$3,312 (+1.0%)
$2,656 + $16,377
$19,033
2015
$3,278 (+46.3%)
$2,656 + $17,861
$20,517
2014
$2,240 (+2.5%)
$2,500 + $12,146
$14,646
2013
$2,185 (+0.2%)
$2,500 + $12,146
$14,646
2012
$2,180 (−26.7%)
$2,500 + $12,146
$14,646
2011
$2,976 (−10.3%)
$3,125 + $17,259
$20,384
2010
$3,317 (−6.8%)
$3,125 + $17,259
$20,384
2009
$3,559 (+29.3%)
$3,125 + $19,701
$22,826
2008
$2,752 (+1.0%)
$3,624 + $15,563
$19,187
2007
$2,725
$3,624 + $15,563
$19,187
Public record
Public record
Zoning
Beds
6
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
3,125 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
3,044
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,044
Year built
1899
Style
Multi-Family (2-4 Unit)
County
Cook County
APN
20082040050000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2026.
M1-2
Limited Manufacturing/Business Park District
The primary purpose of the M1 Limited Manufacturing/Business Park district is to accommodate low-impact manufacturing, wholesaling, warehousing and distribution activities that occur within enclosed buildings. The district is intended to promote high-quality new development and reuse of older industrial buildings.
Permitted uses
Include but are not limited to:
Bank
General retail
Restaurant
Manufacturing
Warehouse
Infrastructure
Office
Post office
Veterinary clinic
Park & open space
Climate risks
4/10 Flood Factor
Estimated 19-29% chance 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 100° expected this year, 15 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Chicago, IL • 60609
Average low and high temperatures (°F)
31
17
39
25
54
36
62
45
68
52
81
65
85
71
81
68
79
63
68
52
52
40
37
25
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
Redfin Estimate for 4813 S Racine St
$449,268
$232 under list price of $450K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $290K to $568K.