Closed

$489,900

1540 Ridgeway Avenue, Chicago, IL 60623
7 Beds3 Baths26 days
1540 Ridgeway Avenue·Chicago, IL 60623
7Bedrooms
3Bathrooms
1903Year Built
About This Home

Welcome to a stunning 2025 full-gut rehabbed 2-flat located in the rapidly appreciating Lawndale neighborhood. Perfect for investors or owner-occupants looking for rental income, this property offers the perfect blend of modern finishes, functionality, and value. The first-floor duplex features 4 bedrooms and 2 full baths, offering generous living space ideal for larger households or higher rent potential. The second-floor unit includes 3 bedrooms and a full bath, perfect for an owner's unit or solid long-term tenant. Both units feature modern layouts, modern kitchens with quartz countertops, stainless steel appliances, new shaker cabinets, and designer bathrooms with contemporary tile and fixtures. Completely rebuilt from top to bottom with brand-new electrical (200-amp service), plumbing, HVAC, central air, roof, windows, and hardwood flooring. Exterior updates include fresh tuckpointing, rear deck, and fenced yard for added privacy. Separate utilities make this a true turnkey investment. Centrally located near Douglas Park, Kedzie Ave, and minutes to the expressway-this property is surrounded by ongoing development and community revitalization. Nothing to do but move in or rent out and start cash flowing. Schedule your showing today-this one won't last!

MLS# 12535068Listed December 19, 2025Residential Income
Property Details

Beds & Baths

Total Bedrooms7
Total Bathrooms3
Total Rooms14

Size & Structure

Year Built1903
Lot Size25X125

Location

CountyCook
TownshipWest Chicago
Zip Code60623

Financial

List Price$489,900
Annual Taxes (2023)$4,446
Monthly Tax Est.$371
Parcel #16231260280000
Interior Features

Heating

Natural Gas

Basement

FinishedFull
Exterior & Lot

Construction

Brick

Patio & Porch

Porch
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

Off AlleyYes
Tax & Financial
Annual Taxes
$4,446
Tax Year 2023
Monthly Tax Est.
$371
per month
Property Location

1540 Ridgeway Avenue, Chicago, IL 60623 — Cook County

$489,900
1540 Ridgeway Avenue
7 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
26 days on market
25X125
$4,446/yr taxes
$2,945
estimated monthly payment
Principal & Interest
$2,575/mo
Property Tax
$371/mo
$489,900
20% — $97,980
3%50%
6.875%
3%12%
Loan Amount
$391,920
Down Payment
$97,980

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

Listed by
Chicagoland Brokers, Inc.
Agent: Marcus Carter
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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