Property Overview
Located in the heart of Pilsen, 1707-1709 S Racine Ave offers a rare opportunity to acquire a 16-unit multifamily asset across three buildings on one PIN in one of Chicago’s most sought-after rental neighborhoods. Positioned just off 18th Street and near the CTA Pink Line, the property provides tenants excellent access to dining, retail, nightlife, and downtown transportation. Assets with this unit count are increasingly hard to find in the immediate area.
The buildings feature a well-maintained unit mix with updated interiors including granite countertops, modern kitchens, in-unit dishwashers, and central heat throughout all apartments. Four units currently offer central air conditioning, with the remaining units utilizing window AC. Additional amenities include
coin laundry in the basement, creating supplemental income potential.
With strong in-place fundamentals, meaningful upside potential, and an unbeatable Pilsen location, 1707-1709 S Racine Ave is well-positioned to attract investors seeking scale and long-term growth.
Highlights
- 16-Unit Multifamily Offering in Dynamic Pilsen Location at 18th and Racine
- Great Economies of Scale for Pilsen Sub-Market – Rarely Available
- Updated Apartments with Granite Countertops, Dishwashers, and Central Heat
- Four (4) Units Feature Central A/C
- Basement Coin Laundry
- Value-Add Potential Through Light Cosmetic Upgrades
- Ability to Reach Market Rents Through Further Renovations