201/1016 South Racine Avenue

Chicago IL 60607

1288 sq. ft.

Condo

Last sold for $325,000

Amy Duong, last sold this property on 28 October 2025 after 1126 days on market.

Overview

Welcome to 1016 S Racine Ave, Unit 201-a rare opportunity to own a true 3-bedroom, 2-bathroom condo in the heart of Little Italy. This meticulously maintained, bright, and spacious corner unit offers an open-concept layout with abundant natural light throughout. The kitchen features granite countertops and ample cabinet space, making it ideal for both everyday living and entertaining. The primary suite includes a private en-suite bathroom, while two additional bedrooms offer versatility for guests, family, or a home office-an uncommon find in this area. Additional highlights include in-unit laundry, central HVAC, access to a shared yard, and a garage parking spot (included). The unit is offered fully furnished, if desired-providing a turnkey opportunity for homeowners. Located just steps from Taylor Street, a lively corridor of cafes, Italian bakeries, and top-rated eateries, this home offers the perfect blend of neighborhood charm and urban convenience. Situated close to the vibrant University Village community, you'll benefit from a well-managed and efficient HOA, along with easy access to UIC's East and West campuses, the Rush Medical District, and the Blue Line at Racine-making it a breeze for commuters, students, and professionals. Don't miss this rare 3-bedroom gem in one of Chicago's most sought-after neighborhoods, full of culture, community, and character.This is an income-restricted City of Chicago Affordable Housing (TIF) unit. Buyer must be at or below 100% HUD household income guidelines and be approved by DOH staff prior to placing an offer. For a household of 1 person, the household gross income requirement cannot exceed $84,000; and for a household of 2 persons, the household gross income requirement cannot exceed $96,000. At time of closing, buyer must agree to sign an Affordable Housing Covenant and Agreement with resale restrictions.

Features

3 bedrooms

2 bathrooms

1 carspace

1 garage space

1288 sq. ft. floor area

Condo

Estimated Value

Based on this property and similar 3 bedroom condos sold in Chicago over the last 12 months, the estimated median property value of 201/1016 South Racine Avenue is $850k.

Median value

$850k

Estimated value range

$325k - $3.17m

Median days on market

Estimated value trend

-13%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Chicago. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 201/1016 South Racine Avenue

2025

Sold

$325,000

28 Oct 2025 by Amy Duong, of Compass

Happy sellers in Chicago

We have insufficient information to provide an overview of customer satisfaction for Chicago. Viewing the agent profiles, reviews and sales for Chicago can provide insights for this location.