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Description
Exceptional investment opportunity in the heart of Chicago's University Village - Little Italy neighborhood! This well-maintained multifamily property blends historic character with modern convenience, offering spacious living areas and timeless architectural appeal. The building features three units with strong rental potential: All unit are currently rented. Unit 1 is a garden unit at $1,825/month. Unit 2 is a middle-floor unit with a rent of $2,150/month and includes an assigned parking space. Unit 3 is a top-floor unit with a rent of $2,250/month and includes an assigned parking space. Total projected monthly rental income is $6,225. Ideally situated just steps from the vibrant dining, cafes, and shops along Taylor Street, with nearby green spaces including Arrigo Park and Sheridan Park. Excellent transportation options include CTA Blue Line access, bus routes, and convenient connections to major expressways. Whether you're seeking a turnkey investment or an owner-occupant opportunity with supplemental income, 1003 S Racine Ave offers the perfect combination of location, lifestyle, and income-producing potential.First showings on Saturday November 7th.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 3
Bathrooms: 3
County: Cook
Listed By:
Option Premier LLC
312-500-5808
MRED MLS
MLS ID: 12796205
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1003 S Racine Avenue, Chicago, IL 60607.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $749,000 | $749,000 | $749,000 |
| Down Payment | $149,800 | $26,215 | $187,250 |
| Monthly Mortgage Amount | $3,936 | $4,831 | $4,817 |
| Taxes | $1042 | $1042 | $1042 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $330 | $0 |
| Monthly Estimated Total | $5,196 | $6,421 | $6,077 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 11/03/2026. The listing information on this page last changed on 11/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 11/03/2026 12:09:16 AM EST) or MRED MLS (last updated Tue 11/03/2026 12:02:06 AM EST) or SCWMLS (last updated Mon 11/02/2026 11:55:07 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Mon 11/02/2026 10:15:24 PM EST) or Cedar Rapids MLS (last updated Mon 11/02/2026 10:44:30 PM EST) or NEIRBR MLS (last updated Tue 11/03/2026 12:08:44 AM EST) or ICAAR MLS (last updated Mon 11/02/2026 11:37:34 PM EST) or ECIMLS (last updated Mon 11/02/2026 11:44:36 PM EST) or RMLSA (last updated Tue 11/03/2026 12:01:00 AM EST) or Muscatine MLS (last updated Tue 11/03/2026 12:00:14 AM EST) or No Coast MLS (last updated Tue 11/03/2026 12:04:26 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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