This ten unit building contains three commercial units and seven one bedroom units. This Property is in need of repairs. Each unit rents for six hundred dollars each. This is a good investment for the right investor.
Multi-familyProperty Type
1901Year Built
6,250 sq ftLot Size
$14Price/Sq.Ft.
4 spacesParking
Listed by Douglas Jackson• D V Jackson & Asc
Bought with Ruthie McPhee-Grib• Classic Realty Group, Inc.
Source:MRED as Distributed by MLS Grid #09579160
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This ten unit building contains three commercial units and seven one bedroom units. This Property is in need of repairs. Each unit rents for six hundred dollars each. This is a good investment for the right investor.
Public Records
Dec 5, 1979
Sold
$25,000
$4/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$2,743 (+2.6%)
$1,875 + $17,125
$19,000
2022
$2,674 (+2.3%)
$4,062 + $8,937
$12,999
2021
$2,614 (−3.1%)
$4,062 + $8,937
$12,999
2020
$2,697 (−3.5%)
$4,062 + $8,043
$12,105
2019
$2,795 (+1.7%)
$4,062 + $9,852
$13,914
2018
$2,748 (−9.2%)
$4,062 + $9,852
$13,914
2017
$3,026 (+1.2%)
$3,750 + $13,683
$17,433
2016
$2,991 (+10.3%)
$3,750 + $13,683
$17,433
2015
$2,713 (−4.3%)
$3,750 + $13,683
$17,433
2014
$2,836 (+2.4%)
$3,437 + $14,422
$17,859
2013
$2,769 (+0.4%)
$3,437 + $14,422
$17,859
2012
$2,757 (+29.1%)
$3,437 + $14,422
$17,859
2011
$2,136 (−39.7%)
$4,375 + $17,388
$21,763
2010
$3,541 (+4.4%)
$4,375 + $17,388
$21,763
2009
$3,394 (−3.1%)
$4,375 + $17,388
$21,763
2008
$3,502 (+1.0%)
$6,000 + $18,413
$24,413
2007
$3,467
$6,000 + $18,413
$24,413
Tax history for 5524 S Racine Ave
Year
Property tax
Land + Additions
Assessment*
2023
$2,743 (+2.6%)
$1,875 + $17,125
$19,000
2022
$2,674 (+2.3%)
$4,062 + $8,937
$12,999
2021
$2,614 (−3.1%)
$4,062 + $8,937
$12,999
2020
$2,697 (−3.5%)
$4,062 + $8,043
$12,105
2019
$2,795 (+1.7%)
$4,062 + $9,852
$13,914
2018
$2,748 (−9.2%)
$4,062 + $9,852
$13,914
2017
$3,026 (+1.2%)
$3,750 + $13,683
$17,433
2016
$2,991 (+10.3%)
$3,750 + $13,683
$17,433
2015
$2,713 (−4.3%)
$3,750 + $13,683
$17,433
2014
$2,836 (+2.4%)
$3,437 + $14,422
$17,859
2013
$2,769 (+0.4%)
$3,437 + $14,422
$17,859
2012
$2,757 (+29.1%)
$3,437 + $14,422
$17,859
2011
$2,136 (−39.7%)
$4,375 + $17,388
$21,763
2010
$3,541 (+4.4%)
$4,375 + $17,388
$21,763
2009
$3,394 (−3.1%)
$4,375 + $17,388
$21,763
2008
$3,502 (+1.0%)
$6,000 + $18,413
$24,413
2007
$3,467
$6,000 + $18,413
$24,413
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
B1-1
Neighborhood Shopping District
The B1, Neighborhood Shopping district is intended to accommodate a broad range of small-scale retail and service uses.; B1 zoning is intended to be applied in compact nodes at the intersection of two or more major streets or in a cohesive linear fashion along relatively narrow streets that have low traffic speeds and volumes (compared to multi-lane, major streets).; The B1 district is intended to exhibit the physical characteristics of storefront-style shopping streets that are oriented to pedestrians.; The B1 district permits residential dwelling units above the ground floor.; The B1 district can be combined with the dash 1, dash 1.5, dash 2, dash 3 or dash 5 bulk and density designations
Permitted uses
Include but are not limited to:
Bank
Day care facility
General retail
Restaurant
Housing-Other
Bed & breakfast
Mixed use
Office
Library
Post office
Jul 15, 2024 • Final
Commercial
Remodel
Jul 26, 2022 • Final
Residential
Repair the rear and side porch to correct existing violations. Erect a wrought iron fence.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Basement Information
Basement Finish: Unfinished
Basement Type: Partial
Bathroom Information
# of Full Baths: 2
# of 1/2 Baths: 2
Heating & Cooling
Heating Type: Hot Water Steam
Exterior
Exterior Information
Physical Condition: Average
Building Style Type: Multi-Family
Exterior Wall: Masonry
Building Type: Residential
Property Information
Subdivision Name: MONCLAIR ACRES
Living Sq. Ft: 7,046
Building Sq. Ft: 4,200
# of Units: 4
# of Stories: 2
Stories Type: 2
Lot Information
# of Buildings: 1
Land Sq. Ft: 6,250
Legal Lot Number: 48-51
Acres: 0.1435
Zoning Code: 50
County Use Description: APARTMENTS 2-6
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 2
Baths: 3.0
Sq. Ft.: 7,046
Stories: 2.0
Lot Size: 6,250 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1901
Year Renovated: —
County: Cook County
APN: 20171070230000
Home facts updated by county records on Sep 15, 2026
Around this home
Schools
K - 12
Preschool & daycare
Nicholson Technology Academy Elementary School
Public PreK-8 • Assigned • 0.7mi
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 100° 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
4 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Chicago, IL • 60636
Average low and high temperatures (°F)
31
17
39
25
55
36
62
44
68
51
81
64
86
71
82
67
79
61
67
52
52
39
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.