Closed
$485,000
1940 S Ridgeway Ave, Chicago, IL 60623
7beds
--sqft
Multi Family
Built in 1896
-- sqft lot
$464,700 Zestimate®
$--/sqft
$1,865 Estimated rent
Home value
$464,700
$418,000 - $511,000
$1,865/mo
Zestimate® history
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What's special
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.
Zillow last checked: 8 hours ago
Listing updated: June 12, 2025 at 01:32am
Listing courtesy of:
David Mishel 773-936-2714,
Compass
Bought with:
Cristina Zaleski
Kale Realty
Source: MRED as distributed by MLS GRID,MLS#: 12312125
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Other
Features
- Windows: Screens
- Basement: Finished,Full
Property
Parking
- Total spaces: 2
- Parking features: Off Alley, Alley Access, On Site, Owned
Features
- Exterior features: Lighting
- Fencing: Fenced
Lot
- Size: 2,900 sqft
- Dimensions: 25X116
Details
- Parcel number: 16233210330000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Rubber
Condition
- New construction: No
- Year built: 1896
- Major remodel year: 2025
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Park, Curbs, Gated, Sidewalks, Street Lights, Street Paved
Location
- Region: Chicago
Other
Other facts
- Listing terms: FHA
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 6/6/2025 | Sold | $485,000 |
Source: | ||
| 4/14/2025 | Contingent | $485,000 |
Source: | ||
| 4/2/2025 | Listed for sale | $485,000 |
Source: | ||
| 3/25/2025 | Contingent | $485,000 |
Source: | ||
| 3/17/2025 | Listed for sale | $485,000+0% |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $2,011 +2.6% | $9,499 |
| 2022 | $1,960 +2.3% | $9,499 |
| 2021 | $1,916 -23.2% | $9,499 -14.9% |
Find assessor info on the county website
Neighborhood: Lawndale
Nearby schools
GreatSchools rating
- 3/10Penn Elementary SchoolGrades: PK-8Distance: 0.3 mi
- 1/10Farragut Career Academy High SchoolGrades: 9-12Distance: 0.6 mi
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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Estimated market value$464,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$464,700

