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.
Closed
$485,000
1940 S Ridgeway Ave, Chicago, IL 60623
7beds
--sqft
Multi Family
Built in 1896
-- sqft lot
$487,200 Zestimate®
$--/sqft
$2,437 Estimated rent
What's special
Zillow last checked: 7 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
Services availability
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$487,200
2% more+ $9,744
With Zillow Showcase(estimated)
$496,944