Income-Producing 2-Unit Building in Chicago - 7411 S. Racine Ave. Don't miss this opportunity to own an income-producing property with extremely low property taxes! This two-unit building features two apartments remodeled in 2015, offering a great opportunity for investors or owner-occupants looking to generate rental income. Property improvements include updated electrical and plumbing systems, remodeled bathrooms, some newer flooring, newer vinyl windows, updated doors, and a newer roof. Whether you're looking to expand your investment portfolio or live in one unit while generating income from the other, this property offers excellent potential. Don't miss out on this investment opportunity!
Multi-familyProperty Type
3,049 sq ftLot Size
Listed by Gerald Fuentes• Hometown Real Estate Group
Englewood, located between Washington Park and West Englewood, is a historic and residential Chicago neighborhood with a grid of classic brick two-flats and broad commercial corridors. The neighborhood’s energy concentrates along West 63rd Street near South Halsted Street, where storefront blocks, murals, and corner shops set a street-level rhythm. Hamilton Park’s fieldhouse and greenspace give the area a strong civic anchor. Kennedy-King College adds a campus presence and steady daytime motion along 63rd. The Englewood Square development frames a modern retail-and-services node beside the college. Side streets mix worker cottages, greystones, and tidy bungalows, creating a grounded, architectural patchwork.
Provided by Walk Score and Local Logic
Offer insights
7411 S Racine Ave · $220,000
$226K and above
75% chance or better to win
Why $226K+ is a strong offer
DAYS ON MARKET
24 days
The average home goes pending in 68 days.
SALE-TO-LIST
99.2%
Most homes are selling 1% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Bedrooms
4 bedrooms total
2 bedrooms on the first floor
2 bedrooms on the second floor
Bathrooms
2 full bathrooms total
1 full bathroom on the first floor
1 full bathroom on the second floor
Heating & cooling
Natural gas forced-air heating
Home design
Two-unit building
Construction
Built before 1978
Rehabilitated in 2015
Frame construction with vinyl siding
Asphalt roof
Concrete perimeter foundation
Utilities
Lake Michigan water
Public sewer
Electricity and solar
View estimated energy costs and solar savings for this home
ENJOY THIS FRAME TWO UNIT THAT IS WAITING FOR YOUR PERSONAL UPDATES AND FINISHING TOUCHES! ALL INFO IS APPROX AND ESTIMATED. SOLD AS IS. TAXES ARE PRORATED AT 100%. BUYER RESPONSIBLE FOR SURVEY, TRANSFER STAMPS, INSPECTIONS, UTILITIES AND ESCROWS. ADDENDUMS TO FOLLOW ACCEPTANCE OF OFFER. Subject to HUD Guidelines 24 CFR 206.125.
Public Records
Nov 13, 2008
Sold
$220,000
MRED as Distributed by MLS Grid #06693519
Oct 23, 2007
Listing Removed
—
MRED as Distributed by MLS Grid #06455462
Sep 30, 2007
Listing Removed
—
MRED as Distributed by MLS Grid #06303175
Feb 28, 2007
Listing Removed
—
Public Records
Sep 27, 2004
Sold
$160,000
Public Records
Aug 2, 2004
Sold
$70,000
Public Records
Jul 21, 2004
Sold
$58,000
Public Records
Nov 17, 1999
Sold
$48,000
Year
Property tax
Land + Additions
Assessment*
2023
$703 (+212,930.3%)
$938 + $2,463
$3,401
2021
$0 (−99.9%)
$2,031 + $1,301
$3,332
2020
$438 (−61.3%)
$2,343 + $2,726
$5,069
2019
$1,132 (+1.7%)
$2,343 + $3,290
$5,633
2018
$1,113 (−12.5%)
$2,343 + $3,290
$5,633
2017
$1,272 (+7.5%)
$2,031 + $3,879
$5,910
2016
$1,184 (+9.4%)
$2,031 + $3,879
$5,910
2015
$1,082 (+9.1%)
$2,031 + $3,879
$5,910
2014
$992 (+2.1%)
$1,875 + $3,473
$5,348
2013
$972 (+1.3%)
$1,875 + $3,473
$5,348
2012
$960 (−32.6%)
$1,875 + $3,473
$5,348
2011
$1,423 (−0.4%)
$2,343 + $6,438
$8,781
2010
$1,429 (+57.6%)
$2,343 + $6,438
$8,781
2009
$907 (−50.9%)
$2,343 + $6,438
$8,781
2008
$1,847 (+1.0%)
$2,374 + $10,501
$12,875
2007
$1,829
$2,374 + $10,501
$12,875
Public record
Public record
Zoning
Beds
2
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
3,125 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
798
Unfinished Sq. Ft.
—
Total Sq. Ft.
798
Year built
1893
Style
Single Family Residential
County
Cook County
APN
20292240050000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 16, 2026.
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
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, 15 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
88/ 100
Very good sunlight
Sunscore
This home ranks in the top 8% for direct sun exposure in Chicago. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.5 hrs
4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 7411 S Racine Ave
$218,936
$1,064 under list price of $220K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $216K to $270K.