Come check out this legal 3-unit building in Avondale on an huge lot! The Property currently features (2) 3br/1ba above grade units & (1) 2br/1ba + office garden unit. Garden unit is rented at $1,600/mo MTM & 1st floor 3br/1ba unit is rented at $2,050/mo through 6/30/24 and includes both garage spaces. Top floor unit will be kept vacant but could easily be rented at $2,200/mo - making this the perfect opportunity for an investor or owner-user at a stabilized cap rate of 7.24% just by filling the vacancy! The well-maintained building features off-street parking in front of the Property and a two-car garage in the rear of the Property. The Property features a newer roof overlay on the building and the garage (both completed in 2018). The Property also has newer electrical services and four (4) new water heaters have been installed over the last 2-3 years. Additionally, the Property has an on-site laundry facility and a flood control system in the front of the building.
Closed
$720,000
3414 N Ridgeway Ave, Chicago, IL 60618
8beds
--sqft
Multi Family
Built in 1925
-- sqft lot
$810,100 Zestimate®
$--/sqft
$2,501 Estimated rent
Home value
$810,100
$753,000 - $875,000
$2,501/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 27, 2023 at 07:32am
Listing courtesy of:
John Preston 312-548-6823,
Horvath & Tremblay IL, LLC
Bought with:
Boris Alfaro
Pearson Realty Group
Source: MRED as distributed by MLS GRID,MLS#: 11899569
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Radiator(s), Sep Heating Systems - 2+, Floor Furnace
Features
- Basement: Finished,Full
Property
Parking
- Total spaces: 2
- Parking features: On Site, Garage Owned, Detached, Garage
- Garage spaces: 2
Lot
- Size: 4,791 sqft
Details
- Parcel number: 13233130340000
- Special conditions: List Broker Must Accompany
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1925
- Major remodel year: 2022
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & neighborhood
Location
- Region: Chicago
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 12/26/2023 | Sold | $720,000-0.7% |
Source:  MRED as distributed by MLS GRID #11899569 Report a problem | ||
| 10/17/2023 | Contingent | $725,000 |
Source: MRED as distributed by MLS GRID #11899569 Report a problem | ||
| 10/3/2023 | Listed for sale | $725,000+113.2% |
Source: MRED as distributed by MLS GRID #11899569 Report a problem | ||
| 12/24/2018 | Listing removed | $1,325 |
Source: Go Section8 Report a problem | ||
| 11/20/2018 | Price change | $1,325+32.5% |
Source: Go Section8 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $10,429 +2.6% | $49,227 |
| 2022 | $10,165 +2.3% | $49,227 |
| 2021 | $9,938 +49.7% | $49,227 +65.9% |
Find assessor info on the county website
Neighborhood: Avondale
Nearby schools
GreatSchools rating
- 5/10Reilly Elementary SchoolGrades: PK-8Distance: 0.2 mi
- 1/10Schurz High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- District: 130
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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$810,100
2% more+ $16,202
With Zillow Showcase(estimated)
$826,302