Fantastic opportunity to build equity and expand your portfolio with this spacious multi-unit property in the Back of the Yards neighborhood! This property features 3 units: The first-floor unit boasts high ceilings, 4 generously sized bedrooms, a full bath, an eat-in kitchen, a spacious living room and a month-to-month tenant. The second-floor front unit includes 2 bedrooms, a full bath, a kitchen with granite countertops, new cabinets, and a living room. The second-floor rear unit offers 2 bedrooms, a full bath, an eat-in kitchen with granite countertops, newer cabinets, and laminate flooring. All units have their own forced air furnaces. Additional highlights include a large rear slab, perfect for exterior parking. Conveniently located near schools, parks, shopping, public transportation, and with easy access to the highway, this property is a smart investment!
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
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
14 total rooms
Unfinished, partial basement
Three 3-bedroom units present in building (multi-unit configuration)
Bedrooms
Total of 8 bedrooms across units
One 4-bedroom unit on the 1st floor
Two 2-bedroom units on the 2nd floor
Bathrooms
3 full bathrooms total (building)
First-floor unit: 1 full bathroom
Each second-floor unit: 1 full bathroom
Kitchen
No appliances reported in individual units
Laundry & utility
No tenant-paid utilities specified
Heating & cooling
Natural gas heating
Forced air
Separate heating systems for two or more units
Individual controls
Exterior features
Porch
Common grounds
Park, sidewalks, street lights, and paved streets nearby
Home design
Two- to four-unit property
More than 100 years old
Not a conversion
Fee simple ownership
Parking
Parking for 4 vehicles
Driveway with alley access
Owned parking
Construction
Brick construction
Brick/mortar and stone foundation
Asphalt flat roof
Utilities
Water source: Lake Michigan
Sewer: Storm sewer
Financial info
Special service area: No
Other
Zoning: MULTI
Parcel number available
Lot dimensions roughly 25 x 121 (less than 0.25 acre)
Electricity and solar
View estimated energy costs and solar savings for this home
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
Climate risks
3/10 Flood Factor
Estimated 10-14% 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
Minor risk of severe winds over 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
78
62
68
52
52
40
37
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
68/ 100
Moderate sunlight
Sunscore
This home receives average direct sun exposure in Chicago. There appears to be some shading by surrounding buildings, terrain, and vegetation.
7.9 hrs
3.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5029 S Racine Ave
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $265,000 and $469,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $265K to $469K.