Closed

$485,000

1940 Ridgeway Avenue, Chicago, IL 60623
7 Beds3 Baths25 days
1940 Ridgeway Avenue·Chicago, IL 60623
7Bedrooms
3Bathrooms
1896Year Built
About This Home

Come take a look at this Absolutely Gorgeous Full Gut Rehab ((Legal 2 Flat with 3 full units)) in the Smoking Hot Lawndale Medical District area. The 3rd unit could easily be rented out not a problem, but it could also make for a great AirBNB as close as it is to the Medical District for traveling nurses and other Medical professionals that travel often. The 1st & 2nd floors are both (3) bedrooms (1) bathroom Condo quality Rehabbed Apartments ready to be rented out. The Lower level is complete and ready to be rented out as well. The entire property has all new Kitchens, Bathrooms, All New Electric and Plumbing. New quartz Countertops throughout the Kitchens and Bathrooms. New Roof, New Hot water tanks, New Furnaces, New Electric lines, New Plumbing, (2) New AC Condensers. A New Catch Basin along with a New Sewer Line, New front Concrete Stairs, New Back Walkway, New Concrete Base for the Parking Pad,. There's nothing left to be done here at this property except close on it and find the right tenants which should be easy as close to the Medical District as it is. The property sits only two blocks away from the closest CTA train station. And all other major transportation is super close by.

MLS# 12312125Listed March 17, 2025Residential Income
Property Details

Beds & Baths

Total Bedrooms7
Total Bathrooms3
Total Rooms18

Size & Structure

Year Built1896
Lot Size25X116

Location

CountyCook
TownshipWest Chicago
Zip Code60623

Financial

List Price$485,000
Annual Taxes (2023)$2,011
Monthly Tax Est.$168
Parcel #16233210330000
Interior Features

Heating

Other

Basement

FinishedFull
Exterior & Lot

Construction

Brick

Roof

Rubber

Foundation

Concrete Perimeter

Exterior Features

Lighting
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

Off AlleyAlley AccessOn SiteOwned
HOA & Community

Community Features

ParkCurbsGatedSidewalksStreet LightsStreet Paved
Tax & Financial
Annual Taxes
$2,011
Tax Year 2023
Monthly Tax Est.
$168
per month
Property Location

1940 Ridgeway Avenue, Chicago, IL 60623Cook County

$485,000
1940 Ridgeway Avenue
7 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
25 days on market
25X116
$2,011/yr taxes
$2,716
estimated monthly payment
Principal & Interest
$2,549/mo
Property Tax
$168/mo
$485,000
20% — $97,000
3%50%
6.875%
3%12%
Loan Amount
$388,000
Down Payment
$97,000

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

Listed by
Compass
Agent: David Mishel
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