125 Racine AveChicago, IL 60607

Property Details for 125 Racine Ave

Year built

1943

Property size (Sq ft)

16,905 SF

Property type

Other commercial real estate

Property subtype

Multifamily properties

Description

This exceptional redevelopment opportunity presents a 4-unit, three-story brick apartment building totaling 16,905 square feet situated on a 7,571 square foot lot in Chicago's highly sought-after West Loop neighborhood. The property, built in 1943 and boasting DX-3 zoning, offers significant value-add potential. The building includes two garage parking spaces and two additional outdoor parking spaces. Its prime location places it just one block from Skinner Park, a Montessori school, and a Target store, providing residents with unparalleled convenience. The surrounding area is home to numerous high-profile corporate headquarters, including Google, McDonald's, and many others, ensuring a strong rental demand. Excellent public transportation is readily available, with easy access to the Racine Blue Line CTA station, Metra/Amtrak stations (Union Station), and the I-90/94 Expressway. This property is located within Transit-Oriented Development (TOD) boundaries and the City of Chicago's Near West Downtown Expansion Area, promising continued growth and appreciation. The asking price is $3,990,000. This is an irreplaceable opportunity to capitalize on the West Loop's dynamic growth and exceptional location. The property's APN is 17-17-210-032-0000.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8793

Longitude

-87.6571

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