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  • $489,900

    1540 S Ridgeway Ave, Chicago, IL 60623

    7beds
    --sqft
    : 
    Multi Family
    Built in 1903
    -- sqft lot
    $489,800 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Modern layoutsFresh tuckpointingGenerous living spaceRear deckStainless steel appliancesNew shaker cabinets
    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!
    11 days
    |
    291
    |
    9
    |

    Likely to sell faster than

    Zillow last checked: 8 hours ago

    Listing updated: December 26, 2025 at 12:01am

    Listing courtesy of:

    Marcus Carter 773-745-1000,

    Chicagoland Brokers, Inc.

    Source: MRED as distributed by MLS GRID,MLS#: 12535068MLS Logo

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Natural Gas
    Features
    • Basement: Finished,Full

    Property

    Parking
    • Total spaces: 2
    • Parking features: Off Alley
    Features
    • Patio & porch: Porch
    Lot
    • Size: 3,125 Square Feet
    • Dimensions: 25X125
    Details
    • Parcel number: 16231260280000
    • Zoning: MULTI
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    Condition
    • New construction: No
    • Year built: 1903
    • Major remodel year: 2025

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Lake Michigan

    Community & HOA

    Location
    • Region: Chicago

    Financial & listing details

    • Tax assessed value: $209,990
    • Annual tax amount: $4,445
    • Date on market: 12/25/2025
    • Ownership: Fee Simple
    Get pre-qualifiedBe ready to make an offer.
    Connect with an agentGet info on this home, tour, and more.
    Calculate monthly paymentSee if you can afford this home.

    Estimated market value

    $489,800

    $465,000 - $514,000

    $2,345/mo

    Price history

    Price history
    DateEventPrice
    12/25/2025Listed for sale$489,900+216.1%
    Source: MRED as distributed by MLS GRID #12535068 Report a problem
    5/14/2025Sold$155,000-31.1%
    Source: Public Record Report a problem
    9/29/2024Listing removed$225,000
    Source: MRED as distributed by MLS GRID #12171163 Report a problem
    9/23/2024Listed for sale$225,000+4.7%
    Source: MRED as distributed by MLS GRID #12171163 Report a problem
    8/17/2024Listing removed$215,000
    Source: MRED as distributed by MLS GRID #12086239 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2023$4,446 +2.6%$20,999
    2022$4,334 +2.3%$20,999
    2021$4,237 +77.9%$20,999 +97.1%

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $3,367/mo
    Principal & interest
    $2384
    Property taxes
    $812
    Home insurance
    $171

      Climate risks

      Neighborhood: Lawndale

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • District: 299

      Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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