2129 N Racine Avenue
Chicago, IL, 60614
$3,000,000
9 Beds
5 Baths
0 SqFt
0 Acres
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MLS #MRD12656616 image #0
Rare opportunity to acquire a fully renovated five-unit Greystone property in the heart of Chicago’s highly sought-after Lincoln Park neighborhood. The property consists of a three-unit front building and a two-unit coach house, offering an attractive unit mix of spacious 2-, 3-, and 4-bedroom apartments ideal for strong tenant demand. Located just steps from neighborhood retail, public transportation, and the lakefront, this turnkey investment combines prime location with modern functionality. All units were completely gut rehabbed down to the studs in 2016 and feature high-end finishes throughout, including quartz countertops, in-unit laundry, individual HVAC systems, and separate hot water heaters. The extensive 2016 renovation also included updated building systems, providing long-term peace of mind for ownership. The first-floor coach house lease expires at the end of July, creating a potential owner-occupancy opportunity, while all other units are secured with leases extending through summer 2027, offering stable in-place income.

Property Details

Price:
$3,000,000
MLS #:
MRD12656616
Status:
Active Under Contract
Beds:
9
Baths:
5
Type:
Commercial
Neighborhood:
chilincolnpark
Listed Date:
May 26, 2026
Year Built:
1900
Chi – Lincoln ParkChilincolnpark

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Schools

Interior

Cooling
Central Air
Fireplaces Total
3

Exterior

Construction Materials
Brick
Stories
3

Financial

Maintenance Fee
$7,330
Net Operating Income
$191,391
Tax Year
2024
Taxes
$36,370

Map

Community

Market Summary

Current real estate data for Commercial in Chicago as of Jun 16, 2026
921
Commercial Listed
187
Avg DOM
$993,327
Avg List Price

Property Summary

    2129 N Racine Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60614. It is listed for $3,000,000

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