ClosedPrice Reduced

$99,900

$129,900
7251 Ridgeland Avenue, Chicago, IL 60649
2 Beds2 Baths0 sqft95 days
7251 Ridgeland Avenue·Chicago, IL 60649
2Bedrooms
2Bathrooms
0Sq Ft
1965Year Built
About This Home

Please don't let the extended marketing timeline discourage you from considering this property. The home initially required Probate, which created unavoidable delays. It was then rescued from foreclosure, and the Executor chose to complete a full renovation to better position it for prospective buyers, adding additional time but significantly enhancing its value. This renovated South Shore townhome offers an excellent investment opportunity, whether you're targeting rental income, affordable housing demand, or short-term rental potential via Airbnb. Inside, you'll find space with wood laminate flooring throughout, along with updated kitchen and bathrooms designed to appeal to both owner-occupants and renters. The upper level features a relaxing Jacuzzi bath, while a main-level half bath adds convenience and practicality. A fully finished basement offers valuable, flexible space-ideal for a family room, office, or entertainment area-that enhances both livability and rental appeal. Located just minutes from the lakefront, key cultural attractions, and the future Obama Presidential Library, this property is well-positioned for long-term appreciation and strong tenant demand. With no HOA fees, you'll also benefit from lower ongoing expenses and improved cash flow. Move-in ready and low-maintenance, this home combines modern upgrades with a prime location. Schedule a viewing today to see the income and value potential for yourself.

MLS# 12454373Listed August 24, 2025Residential
Property Details

Beds & Baths

Total Bedrooms2
Total Bathrooms2
Full Baths1
Half Baths1
Total Rooms5

Size & Structure

Living Area0 sqft
Stories2
Year Built1965
Lot Size20X20

Location

CountyCook
TownshipHyde Park
Zip Code60649

Financial

List Price$99,900
Original Price$129,900
Annual Taxes (2023)$1,315
Monthly Tax Est.$110
Parcel #20251160250000
Interior Features

Heating

Natural Gas

Cooling

None

Basement

Partially FinishedFull
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

Off AlleyYesOwned
HOA & Community
HOA Fee
$0
Not Applicable

HOA Includes

None

Association Amenities

None
Tax & Financial
Annual Taxes
$1,315
Tax Year 2023
Monthly Tax Est.
$110
per month
Price Reduced by $30,000
Original list price: $129,900
Property Location

7251 Ridgeland Avenue, Chicago, IL 60649 — Cook County

$99,900
7251 Ridgeland Avenue
2 bd2 ba0 sqft
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
95 days on market
20X20
$1,315/yr taxes
$0 HOA (not applicable)
Price reduced $30,000
$635
estimated monthly payment
Principal & Interest
$525/mo
Property Tax
$110/mo
$99,900
20% — $19,980
3%50%
6.875%
3%12%
Loan Amount
$79,920
Down Payment
$19,980

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

Listed by
ASAGA Realty & Housing Development
Agent: Dawn Haley
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