OFF MARKET

Off Market Apr 2024 for $2.5M

—

•

10 ba

•

—

sq ft

616 S Racine Ave, Chicago, IL 60607

About this home

Newer construction 5 unit building with parking and student tenants under lease through 7/31/24. 25 total bedrooms. See rent roll under additional documents. These units stay occupied due to high demand for student housing in this neighborhood with the University of Illinois at Chicago campus so close and this property has excellent proximity to downtown Chicago and the Lakefront. This property is part of a larger portfolio of student housing properties all located in the same neighborhood.

Multi-familyProperty Type

2019Year Built

3,000 sq ftLot Size

Listed by Michael Galvan • Baird & Warner

Bought with Fernando Rivera • Extreme Realty LLC

Redfin checked: 3 minutes ago

•Source:MRED as Distributed by MLS Grid #11868059

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in Little Italy, IL

Last updated July 2026

Sale-to-List Price

98.1%

+1.2% MoM

Median sale price

$337K

$15K MoM

Avg. days on market

112d

7 days MoM

Recently sold homes

12 MoM

New listings for sale

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EARLY ACCESS
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See all

Provided by Redfin

Sale history for 616 S Racine Ave

Year

Property tax

Land + Additions

Assessment*

2023

$29,217 (+2.6%)

$15,030 + $122,970

$138,000

2022

$28,481 (+2.3%)

$15,030 + $122,970

$138,000

2021

$27,842 (−46.8%)

$15,030 + $122,970

$138,000

2020

$52,301 (+68.7%)

$11,356 + $222,643

$233,999

2019

$31,009 (+1,277.9%)

$11,356 + $142,473

$153,829

2018

$2,250 (+4.0%)

$11,356

2017

$2,164 (+7.9%)

$10,020

2016

$2,006 (+9.3%)

$10,020

2015

$1,836 (+16.2%)

$10,020

2014

$1,580 (+2.0%)

$8,517

2013

$1,549 (+1.4%)

$8,517

2012

$1,528 (−16.9%)

$8,517

2011

$1,840 (−0.4%)

$11,356

2010

$1,848 (+4.4%)

$11,356

2009

$1,771 (+44.3%)

$11,356

2008

$1,227 (+1.0%)

$8,554

2007

$1,215

$8,554

Tax history for 616 S Racine Ave

Year

Property tax

Land + Additions

Assessment*

2023

$29,217 (+2.6%)

$15,030 + $122,970

$138,000

2022

$28,481 (+2.3%)

$15,030 + $122,970

$138,000

2021

$27,842 (−46.8%)

$15,030 + $122,970

$138,000

2020

$52,301 (+68.7%)

$11,356 + $222,643

$233,999

2019

$31,009 (+1,277.9%)

$11,356 + $142,473

$153,829

2018

$2,250 (+4.0%)

$11,356

2017

$2,164 (+7.9%)

$10,020

2016

$2,006 (+9.3%)

$10,020

2015

$1,836 (+16.2%)

$10,020

2014

$1,580 (+2.0%)

$8,517

2013

$1,549 (+1.4%)

$8,517

2012

$1,528 (−16.9%)

$8,517

2011

$1,840 (−0.4%)

$11,356

2010

$1,848 (+4.4%)

$11,356

2009

$1,771 (+44.3%)

$11,356

2008

$1,227 (+1.0%)

$8,554

2007

$1,215

$8,554

*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

Baths

Stories

Lot width

—

Lot depth

—

Lot size

3,340 Sq. Ft.

Year renovated

—

Sq. Ft.

6,300

Year built

2019

Style

Multi-Family (5+ Unit)

County

Cook County

APN

17173080150000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 11, 2026.

RM-5

Residential Multi-Unit District 5

The RM5 districts are intended to accommodate multi-unit residential buildings. The RM5 district differs from the RM5.5 district only in terms of the maximum building height allowed. Applicable height limits in RM5 generally limit buildings to a maximum of 3.5 to 4 stories structures.

Permitted uses

Include but are not limited to:

Religious facility
Day care facility
Hospital / medical center
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Bed & breakfast
Educational / school

Property details

Interior

Unit Type 1 Information
# of Rooms: 7
# of Bedrooms: 5
# of Bathrooms (Total): 2
# of Full Bathrooms: 2
# of Units: 5
Monthly Income: $3,600
Monthly Income Max: $3,750

Exterior

Building Information
# of Units: 5
Built Before 1978 (Y/N): No

Property Information
Property Type: Multi Family 5+
Parcel Number: 17173080150000

Lot Information
Dimensions: 25 X 120

Financial

Tax Information
Tax Annual Amount: $27,842
Tax Year: 2021

Financial Information
Finance Code: Conventional
Gross Rent Multiplier: 9.3
Total Monthly Income: $20,825
Gross Income: $249,900

Utilities

Heating & Cooling
Heat/Ventilation: Central Heat/Indiv Controls

Location

Location Information
Directions: Roosevelt to Racine N to property

Public facts

Beds: 13
Baths: 10.0
Sq. Ft.: 6,300
Stories: 3.0
Lot Size: 3,340 square feet
Style: Multi-Family (5+ Unit)
Year Built: 2019
Year Renovated: —
County: Cook County
APN: 17173080150000

Home facts updated by county records on Jul 10, 2026

Other

Expense Information
Water Sewer Expense: $2,400
Electric Expense: $5,200
Insurance Expense: $2,500

Listing Information
Some Photos Virtually Staged?: No

Around this home

Schools

Smyth J Elementary School

Public PreK-8 • Assigned • 0.6mi

2/10

Wells Community Academy High School

Public 9-12 • Assigned • 1.8mi

1/10

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 99° 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

5 unhealthy days expected this year, 7 days in 30 years

Provided by First Street

Historical weather

Chicago, IL • 60607

Average low and high temperatures (°F)

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

Is this your home?

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Home values near 616 S Racine Ave

Data from public records.

Address	Redfin Estimate
620 S Racine Avenue, Chicago, IL 9 Beds \| 3 Baths \| 3608 Sq. Ft.	$869,967
1220 W Flournoy Street, Chicago, IL 8 Beds \| 4 Baths \| - Sq. Ft.	$1,194,046

Address	Redfin Estimate
618 S Racine Avenue Unit 2, Chicago, IL 8 Beds \| 3 Baths \| - Sq. Ft.	—
1222 W Flournoy Street, Chicago, IL 12 Beds \| 4 Baths \| 5367 Sq. Ft.	$1,254,990

Address	Redfin Estimate
618 S Racine Avenue, Chicago, IL 12 Beds \| 6 Baths \| - Sq. Ft.	$1,328,554
1205 W Flournoy Street, Chicago, IL 4 Beds \| 3.5 Baths \| 2508 Sq. Ft.	$961,067

Property information provided by MRED as Distributed by MLS Grid when last listed in 2023. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in Little Italy, IL

Sale history for 616 S Racine Ave

Tax history for 616 S Racine Ave

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 60607

Home values near 616 S Racine Ave

More real estate resources