1946 S Racine Avenue
Chicago, IL, 60608
$2,599,000
6 Beds
4 Baths
0 SqFt
0 Acres
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$2,599,000
1946 S Racine Avenue
Chicago, IL, 60608
MLS #MRD12438463 image #0MLS #MRD12438463 image #1MLS #MRD12438463 image #2MLS #MRD12438463 image #3MLS #MRD12438463 image #4MLS #MRD12438463 image #5MLS #MRD12438463 image #6MLS #MRD12438463 image #7MLS #MRD12438463 image #8MLS #MRD12438463 image #9MLS #MRD12438463 image #10MLS #MRD12438463 image #11MLS #MRD12438463 image #12MLS #MRD12438463 image #13MLS #MRD12438463 image #14MLS #MRD12438463 image #15MLS #MRD12438463 image #16MLS #MRD12438463 image #17MLS #MRD12438463 image #18MLS #MRD12438463 image #19MLS #MRD12438463 image #20MLS #MRD12438463 image #21MLS #MRD12438463 image #22MLS #MRD12438463 image #23
Large brick 10 unit in Chicago’s East Pilsen neighborhood. Complete gut renovation completed in 2017-18. 100% tenant occupied and generates over $250K in annual gross rental income. At the time of renovations, the building was taken down to the brick walls and new open floor plans were created. Flooring, windows, roof, electrical, plumbing, all mechanical systems, etc., were all updated at that time. Condo quality units feature large bedrooms, open layouts, white kitchens with quartz counters, all S.S. appliances, in-unit washer & dryer in all units, and modern white/gray finishes. The building sits on an oversized lot with 3 parking spots in the rear and a full basement for potential additional storage. Great mix of 1BR, 2BR, & 3BR units. Highly desirable location in Pilsen!

Property Details

Price:
$2,599,000
MLS #:
MRD12438463
Status:
Active Under Contract
Beds:
6
Baths:
4
Type:
Commercial
Neighborhood:
chilowerwestside
Listed Date:
Aug 20, 2025
Total Sq Ft:
12,168
Year Built:
1889
Chi – Lower West SideChilowerwestside

Schools

Interior

Cooling
Central Air, Central Individual

Exterior

Construction Materials
Brick
Roof
Membrane, Reflective Coating, Rubber

Financial

Maintenance Fee
$7,970
Net Operating Income
$194,948
Tax Year
2023
Taxes
$22,422
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Debra Dobbs

Debra Dobbs

Realtor®

Phone 312 307-4909

Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Commercial in Chicago as of Oct 08, 2025
1,127
Commercial Listed
161
Avg DOM
148
Avg $ / SqFt
$1,050,136
Avg List Price

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Property Summary

    1946 S Racine Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60608. It is listed for $2,599,000 To schedule a showing of MLS#mrd12438463 at 1946 S Racine Avenue in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
disclosure
Courtesy of Coldwell Banker Real Estate Group. Disclaimer: All data relating to real estate for sale on this page comes from Midwest Real Estate Data (MRED). Detailed information about real estate listings held by brokerage firms other than Compass / The Debra Dobbs Group include the name of the listing broker. Neither the listing company nor Compass / The Debra Dobbs Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Chicago, IL. All rights reserved.
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1946 S Racine Avenue
Chicago, IL