125 Racine AveChicago, IL 60607

For Sale
$3,990,000

Prime West Loop location, 4-unit building.

Overview

Added:
Dec 11, 2024
Days on market:
94
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.

Highlights

  • West Loop development opportunity: 16,905 SF, three-story brick building; includes 2 garage and 2 outdoor parking spaces.
  • Prime West Loop location, one block from Skinner Park, Montessori School, and Target.
  • Surrounded by major corporate headquarters, including Google and McDonald's.
  • Excellent transit access via CTA Blue Line, Metra/Amtrak, and I-90/94.

Property Details for 125 Racine Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
16,905 SF
Class
B
Year Built
1943
Buildings
1
Stories
3
Units
4

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.879284857391
Longitude
-87.657049689389
125 Racine Ave, Chicago, Illinois

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125 Racine Ave
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