Closed

$560,000

1016 RIDGEWAY Avenue, Chicago, IL 60651
11 Beds5 Baths8 days
1016 RIDGEWAY Avenue·Chicago, IL 60651
11Bedrooms
5Bathrooms
1926Year Built
About This Home

Gorgeous Brick Bungalow in front and Brick 2 Flat in back with tons of updates throughout. Check out this unique 3 unit in Humboldt Park ideal for multi-generational living or rental income! The Massive Front Brick Bungalow features 5 Bedrooms, (3 on main & 2 up) and 1.5 Bathrooms, unfinished basement with potential to duplex (high ceilings). Perfect for owner occupant to live in one unit and collect passive income from the 2 units. Rear Building features a Duplexed 4 bedrooms, 2 bathrooms plus the top floor unit has additional 2 bedroom and 1 bathroom currently rented to long term tenant paying below market rent. Bonus: ALL units have separate utilities. Front has radiant heating and rear has separate central heating and hot water tanks. Owner recently added drain tile system & sump pump to rear unit and updated 2 of the 3 units with new quartz countertops and shaker cabinetry in kitchens, updated bathrooms, freshly painted, new light fixtures, carpeting, and LVT flooring. Both Roofs are tear off and 3 years new! All Electrical & plumbing updated in 2010/2011. Too many upgrades to list. This block has easy permit parking all day. Your buyers will love the opportunity and the flexibility this property offers!

MLS# 12039022Listed June 15, 2024Residential IncomeBungalow
Property Details

Beds & Baths

Total Bedrooms11
Total Bathrooms5
Total Rooms18

Size & Structure

Year Built1926
Lot Size25 X 125

Location

CountyCook
TownshipWest Chicago
Zip Code60651

Financial

List Price$560,000
Annual Taxes (2022)$5,553
Monthly Tax Est.$463
Parcel #16023130390000
Interior Features

Heating

Natural GasForced AirRadiant

Basement

UnfinishedExterior EntryFull
Exterior & Lot

Construction

Brick

Roof

AsphaltFlat
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic
HOA & Community

Community Features

CurbsSidewalksStreet LightsStreet Paved
Tax & Financial
Annual Taxes
$5,553
Tax Year 2022
Monthly Tax Est.
$463
per month
Property Location

1016 RIDGEWAY Avenue, Chicago, IL 60651Cook County

$560,000
1016 RIDGEWAY Avenue
11 bd5 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
8 days on market
25 X 125
$5,553/yr taxes
$3,406
estimated monthly payment
Principal & Interest
$2,943/mo
Property Tax
$463/mo
$560,000
20% — $112,000
3%50%
6.875%
3%12%
Loan Amount
$448,000
Down Payment
$112,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Re/Max Cityview
Agent: Migdalia Cajigas
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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