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Multifamily

1827 S Racine Ave

1827 S Racine Ave, Chicago, IL 60608

Listing Price: $1,200,000

Cap Rate
6.52%
Number of Units
5
Price/Unit
$240,000
Price/Gross SF
$183.21
Gross SF
6,550

Investment Overview

Marcus & Millichap is pleased to present 1827 South Racine Avenue in the Pilsen neighborhood of Chicago, Illinois. The subject property is comprised of five residential units, featuring substantial renovations throughout, and a two car parking garage. The exact unit mix is one studio, three one-bedroom/one-bath, and one three-bedroom/two-bath. 1827 South Racine Avenue is also in good proximity to multiple transit stations and has access to some of Pilsen’s best entertainment spots and cuisine. The Subject Property is a 15-minute walk from the Chicago Transit Authority (CTA)’s 18th Street Pink Line station, a two-minute walk from the CTA’s 18th Street & Racine bus stop, and an 11-minute drive to I-90. The Pilsen neighborhood of Chicago is known for being culturally rich and filled with history. Chicagoans are drawn to the area due to the abundance of art via galleries, murals, independent coffee shops, and vintage stores and cafes. Pilsen is also home to the Chicago Artists District, the National Museum of Mexican Art, and multiple theaters. Pilsen is also known as a hub for creative influences and is and up-and-coming neighborhood.

Investment Highlights

  • Five-Unit Multifamily Offering in Prime Pilsen Location
  • Substantial Renovations Completed in Recent Years
  • Two-Car Parking Garage
  • Unique Blend of Chic 1920's and Modern Finishes
  • Direct Loop Access via CTA's 'L' Pink Line and I-90

Exclusively Listed By

Listing Price: $1,200,000

Cap Rate
6.52%
Number of Units
5
Price/Unit
$240,000
Price/Gross SF
$183.21
Gross SF
6,550

Investment Highlights

  • Five-Unit Multifamily Offering in Prime Pilsen Location
  • Substantial Renovations Completed in Recent Years
  • Two-Car Parking Garage
  • Unique Blend of Chic 1920's and Modern Finishes
  • Direct Loop Access via CTA's 'L' Pink Line and I-90

Investment Overview

Marcus & Millichap is pleased to present 1827 South Racine Avenue in the Pilsen neighborhood of Chicago, Illinois. The subject property is comprised of five residential units, featuring substantial renovations throughout, and a two car parking garage. The exact unit mix is one studio, three one-bedroom/one-bath, and one three-bedroom/two-bath. 1827 South Racine Avenue is also in good proximity to multiple transit stations and has access to some of Pilsen’s best entertainment spots and cuisine. The Subject Property is a 15-minute walk from the Chicago Transit Authority (CTA)’s 18th Street Pink Line station, a two-minute walk from the CTA’s 18th Street & Racine bus stop, and an 11-minute drive to I-90. The Pilsen neighborhood of Chicago is known for being culturally rich and filled with history. Chicagoans are drawn to the area due to the abundance of art via galleries, murals, independent coffee shops, and vintage stores and cafes. Pilsen is also home to the Chicago Artists District, the National Museum of Mexican Art, and multiple theaters. Pilsen is also known as a hub for creative influences and is and up-and-coming neighborhood.

Exclusively Listed By

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