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400 North Racine Avenue

400 North Racine Avenue, Chicago, IL 60642
400 North Racine Avenue is a condo located in Fulton Market, Chicago. The building was first built in 1979 and is 45 years old.

Interested in learning more about the building? There are many great amenities and features for residents in the building. On weekends, residents can enjoy the building's deck. There are 10 closings on record, of which we have matching data for 2 listings. In the past 3 years, a listing in this building will typically remain on the market for about 102 days and tend to sell below the original asking price of $482,450 by 11.56%. Meaning, listings tend to sell at a median of $329 price per square foot. The transaction that took the longest to complete was unit 211, listed on Aug 02, 2021 for $489,900. This particular unit ultimately sold 113 days later for $390,000. The most recent transaction was for unit 211, which was first advertised on Aug 02, 2021, sold for $390,000 on Nov 23, 2021. Fun fact, the oldest transaction we have on record took place on Apr 22, 1994. See the full transaction history for 400 North Racine Avenue below.

Fulton Market, where 400 North Racine Avenue is located, has a median asking price of $313,108 for condo buildings. Meanwhile, the building itself has a median asking price of $482,450. For interested buyers, that means the building's median asking price is around inf% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Brick Exterior
Block Exterior
Concrete Exterior
This property description is generated based on publicly available data.

4 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220617 Unit 104
06/17/2022
104
3 Bed
2 Bath
2650 ft²
$475,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
2650 ft²
-
-
-
Gail Spreen
Jameson Sotheby's Int'l Realty
20210802 Unit 211
08/02/2021
211
1 Bed
2 Bath
1600 ft²
$489,900
bedrooms
1 Bed
bathrooms
2 Bath
square feet
1600 ft²
$390,000 -20.39%
11/23/2021
Chris Vasilakopoulos
Dream Town Realty
20200728 Unit 101
07/28/2020
101
Loft
-
-
$5,500
bedrooms
Loft
bathrooms
-
-
-
-
Thomas Hart
33 Realty
20200508 Unit 209
05/08/2020
209
2 Bed
1 Bath
1350 ft²
$475,000
bedrooms
2 Bed
bathrooms
1 Bath
square feet
1350 ft²
$462,000 -2.74%
08/07/2020
Joe Zimmerman

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Unknown
  • Living Units: 33
  • Business/Commerical Units Count: 33
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 27,122
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: COLGATES RESUB OF LTS6-14 IN CIRCUIT C
  • Land Acres: 0.623
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: (COLGATES) RESUB OF LTS6-14 IN CIRCUIT COURT PARTITIO N OF 3ACS IN SW CORNER OF THE NE SEC 08-39-14

Ownership

  • Current Owner : 420 MAY ACQUISITIONS LLC
  • Previous Owner : MAY STREET INVESTMENTS LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 243400

Zoning

  • Zoning: M2-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 17-08-254-018-0000
  • Block: 1
  • Lot: 6-14
  • Meridian: SEC 08 TWN 39N RNG 14E
  • Municipality: WEST CHICAGO
  • Latitude: 41.8893
  • Longitude: -87.6568

    Address

  • Full Address: 400 N Racine Ave
  • Address - House Number: 400
  • Street Direction: N
  • Address - Street Name: Racine
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C003
  • 4-Digit Zip Code: 6095
  • Zip Code: 60642

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,808
  • Tax Rate Code Area: 77106

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $63,000,000
  • First Open Lien Mortgage Lender: CITIBANK, NA
  • First Open Lien Mortgage Recording Date: Mar 01, 2023
  • First Open Lien Mortgage Loan Amount: $63,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $190,088
  • Market Land Value: $176,292
  • Market Improvement Value: $13,796

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $47,522
  • Assessed Land Value: $44,073
  • Assessed Improvements Value: $3,449

    Sales

  • Current Sale Contract Date: Jan 09, 2018
  • Current Sale Recording Date: Jan 11, 2018
  • Current Sale Transaction ID: 11359329033
  • Current Sale Price: $15,250,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 1801106064

    Last Sale Mortgage

  • First Mortgage Lender: AMALGAMATED BANK OF CHICAGO
  • First Mortgage Transaction Date: Jan 11, 2018
  • First Mortgage Loan Amount: $10,675,000
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Jan 10, 2023

    Financing

  • First Mortgage Financing Type: Unknown

About West Side



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Frequently Asked Questions

What neighborhood is 400 North Racine Avenue located in?
The 400 North Racine Avenue is a condo located in the neighborhood of Fulton Market in West Side, Chicago.
What is the average sales price for listings in 400 North Racine Avenue?
The average sales price for units in 400 North Racine Avenue is $482,450 , or $329/sqft. currently.

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