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  • $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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    $3,304/mo

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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#: 12312125MLS Logo

    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

    DateEventPrice
    6/6/2025Sold$485,000
    Source: MRED as distributed by MLS GRID #12312125 Report a problem
    4/14/2025Contingent$485,000
    Source: MRED as distributed by MLS GRID #12312125 Report a problem
    4/2/2025Listed for sale$485,000
    Source: MRED as distributed by MLS GRID #12312125 Report a problem
    3/25/2025Contingent$485,000
    Source: MRED as distributed by MLS GRID #12312125 Report a problem
    3/17/2025Listed for sale$485,000+0%
    Source: MRED as distributed by MLS GRID #12312125 Report a problem

    Public tax history

    YearProperty taxesTax 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
    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