2943 N Racine Ave, Chicago, IL, 60657

2943 N Racine Ave Chicago, IL 60657

Property Type:
MultiFamily Apartments
Last Verified:
Sep 15, 2021


ATTN INVESTORS! 5.8% CAP with potential for 7%. Well maintained 3-flat in AAA+ Lakeview location ideal for renters or convert to SFH. Features newly gut-rehabbed (2020) top floor 3BD/2BTH duplex-up with all new appliances, HVAC, kitchen/baths ++. Unit 1 2BD/1BTH and 1BD/1BTH Garden unit each with mix of vintage and modern charm. Spacious Floor Plans with improvements throughout - HDWD Floors, Newer Baths/Kitchen & Mechanicals. Structural Engineer approved building w/excellent history of tenants & steady income. All 3 units have been fully leased for 10+ years, with zero vacancy, and minimal marketing effort. Units 1 or 2 make for ideal Owner's Units, with Garden as bonus income. Newly paved (2019) and spacious rear patio and side breezeway + newly built (2019) 2-Car Detached Garage (parking included in rents). Walkers paradise +++


Building Size: 4300sq ft
Lot Size: 0 acres

Map of 2943 N Racine Ave, Chicago, IL, 60657

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.