Find the home or investment property you’ve been looking for!

Quick Search

Select Search Area

Selected Areas (10)
Listing Types

Property Features

2 Flat 3021 Racine Lake View Chicago IL Mu Invest

City: CHICAGO ZIP: 60657

Built In: 1876

Lot Size: Less Than .25 Acre

Lot Dimensions: 2904

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 2 baths $1800

Unit 2 Floor 2: 3 bedrooms 2 baths $2700

Detailed Listing Description

Ever wanted a front yard in Lakeview? How about a second floor deck directly off your kitchen? This two-flat in south central Lakeview sits near the rear lot line, but leaves room for three parking spots off the alley. 3021 Racine is an excellent owner-occupant candidate. Live in the 2nd to 3rd floor 3 Bed/2 Bath duplex and rent out the 2 Bed / 2 Bath first floor to pay the bank. There's even a full length basement for storage and laundry. Download or request an offering memorandum for more information!

Additional Property Details

Garage & Parking
  • ParkingSpace/s,
  • Number of Parking Spaces3
  • Parking on SiteYes
  • Parking OwnershipOwned
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1Electric, Gas, Heat, Parking,
  • Tenant Pays Unit 2Electric, Gas, Heat, Parking,
  • Appliances Unit 1Stove, Refrigerator, Dishwasher, Disposal, Central Air Conditioner, Hardwood Floors, Walk-In Closet,
  • Appliances Unit 2Stove, Refrigerator, Dishwasher, Disposal, Central Air Conditioner, Hardwood Floors, Skylights/Windows,
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60657

Listings in this Zip Code average: 3 to 4 units, and are priced at $1,088,824 to $1,836,727
This listing is 20% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - Lake View

Listings in this Neighborhood average: 3 to 4 units, with average prices of $1,039,522 to $1,694,786
This listing is 21% more than other 2 unit listings in this neighborhood.

Calculated Rents
Rental Income : Annual $54,000 Monthly $4,500
Rental Income Stabilized : Annual $63,636 Monthly $5,303
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$4,500$5,303
Year Total$54,000$63,636
Net Operating Income$34,706$44,342
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $8409 $23285 $31694 $2642
Total         $8,409 $23,285 $31,694   $3,012 $8,409 $11,421
Stabilized         $8,409 $23,285 $31,694   $12,648 $8,409 $21,057
Custom         $8409 $23285 $31694   $12648 $8409 $21057

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

Explore Nearby Neighborhoods

West TownNearby Neighborhoods X Plus Real Estate

West Town

North CenterNearby Neighborhoods X Plus Real Estate

North Center

Lincoln ParkNearby Neighborhoods X Plus Real Estate

Lincoln Park

Listing Agent: Thomas Hart
Listing Office: 33 Realty
3024 N. Racine Avenue, unit 2 Chicago

© 2017 Midwest Real Estate Data, LLC (MRED). The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data, LLC (MRED). Real Estate listings held by brokerage firms other than X Plus Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.