Motivated Seller! 2 flat features large apartments, 4 bedrooms, 2 bathrooms including a full, unfinished basement with 4 parking spaces. Perfect for an owner occupied buyer, or investor looking for cash flow. For an owner occupied buyer this building would be cheaper than paying rent since the income covers a portion of the mortgage and expenses.
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
Offer insights
4942 S Racine Ave · $245,000
$246K and above
75% chance or better to win
Why $246K+ is a strong offer
DAYS ON MARKET
183 days
The average home goes pending in 58 days.
SALE-TO-LIST
99.5%
Most homes are selling 0% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
8 total rooms
Unfinished full basement
Bedrooms
4 bedrooms total (two 2-bedroom units: one on the 1st floor, one on the 2nd floor)
Bathrooms
2 full bathrooms total (each unit has 1 full bathroom)
Kitchen
Each unit includes a stove and refrigerator
Heating & cooling
Natural gas forced air heating
Exterior features
Yard on a 25 x 125 lot
Less than 0.25 acre lot
Home design
Two- to four-unit multi-family property
Fee simple ownership
Rehab completed in 2018
Parking
Parking for 4 vehicles
Other-style parking
Construction
Building over 100 years old
Aluminum, vinyl, steel siding and brick exterior
Utilities
Water source: Lake Michigan
Public sewer
Financial info
Special service area: No
Other
Two units in the building
Built before 1978
Possession at closing, immediate, subject to tenant rights
Some photos are virtually staged
Electricity and solar
View estimated energy costs and solar savings for this home
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
Climate risks
7/10 Flood Factor
Estimated 80%+ 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
80/ 100
Very good sunlight
Sunscore
This home ranks in the top 25% for direct sun exposure in Chicago. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.1 hrs
3.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4942 S Racine Ave
$241,092
$3,908 under list price of $245K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $130K to $280K.