Sold
Last Sold Price
12 beds
10506 Major Ave, Chicago Ridge, IL 60415
Multi FamilyProperty Type
0.22 acresLot Size
1978Year Built
12 carsParking Spaces

Description

Very well taken care of 6 unit apartment building. Original proud owner. All units are 2 bedroom 1 bath. All have all appliances- including dishwashers. Some units are updated. Most tenants in the building are long term. New Boiler, Hot Water Tank. Storage closets and clean and dry basement! Tear off roof 2020. Great location, high in demand for rentals! Dont wait! This is the opportunity you have been waiting for1 Turn Key investment. Nothing here to replace. Everything is already done!Very well taken care of 6 unit apartment building. Original proud owner. All units are 2 bedroom 1 bath. All have all appliances- including dishwashers. Some units are updated. Most tenants in the building are long term. New Boiler, Hot Water Tank. Storage closets and clean and dry basement! Tear off roof 2020. Great location, high in demand for rentals! Dont wait! This is the opportunity you have been waiting for1 Turn Key investment. Nothing here to replace. Everything is already done!

    Sold By Coldwell Banker Real Estate Group

    • Listed by: Bernadette Winski 708.567.8300 winski@firstmidwestrealty.com • First Midwest Realty LLC
    Listing closed: 09/01/2022 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 11301410

    Recent comparable sales

    Median sold price

    $850,000

    Avg days on market

    14

    Sale-to-list ratio

    100.2%

    Chicago Ridge, IL

    9 comparable properties found

    a front view of a house with a yard
    1/6
    1

    $850,000

    Sold 11/07/24

    12
    Bedrooms
    Unavailable
    Square Feet
    0.19
    Acres
    $875,000 | 7101 West 99th Street, Chicago Ridge, IL 60415
    1/4
    2

    $875,000

    Sold 08/24/26

    11
    Bedrooms
    Unavailable
    Square Feet
    0.18
    Acres
    a view of a building with a street
    1/25
    3

    $857,500

    Sold 10/23/25

    10
    Bedrooms
    Unavailable
    Square Feet
    0.19
    Acres
    4

    $735,000

    Sold 11/12/24

    Unavailable
    Bedrooms
    6
    Bathrooms
    5,880
    Square Feet
    0.22
    Acres
    5

    $750,000

    Sold 04/30/25

    Unavailable
    Bedrooms
    6
    Bathrooms
    5,880
    Square Feet
    0.17
    Acres
    6

    $850,000

    Sold 11/07/24

    Unavailable
    Bedrooms
    6
    Bathrooms
    5,985
    Square Feet
    0.19
    Acres
    7

    $867,000

    Sold 06/11/26

    Unavailable
    Bedrooms
    6
    Bathrooms
    6,000
    Square Feet
    0.18
    Acres
    a view of house with backyard
    1/44
    8

    $637,500

    Sold 08/28/26

    6
    Bedrooms
    Unavailable
    Square Feet
    0.19
    Acres
    $680,000 | 10301 McVicker Avenue, Chicago Ridge, IL 60415
    1/21
    9

    $680,000

    Sold 06/02/26

    9
    Bedrooms
    4,350
    Square Feet
    0.18
    Acres

    Location

    Add your commute

    Payment Calculator

    Get preapproved with
    OriginPoint Mortgage or Rocket Mortgage1

    $4,877 per month

    30 year fixed, 6.71% Interest

    Principal and Interest

    $3,359

    Property Taxes

    $1,518

    HOA Dues

    $0

    The Payment Calculator is for illustrative purposes only.

    Know your buying power with a preapproval and custom rate in minutes

    Rocket Mortgage1

    Property Information for 10506 Major Avenue

    Property Details
    • Taxes: $18,216 / year
    • MLS Type: Multi Family 5+ / Corridor-Interior Entrance
    • County: Cook County
    • Area: Chicago Ridge
    Building Information
    • Stories: 3
    • Residences: 6
    • Year Built: 1978
    • Lot Size: 0.22 AC / 9,675 SF
    General Information
    Location and General Information
    • Information: 24-Hr Notice Required
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • Heat/Ventilation: Hot Water
    • Num of Baths: 6.0
    Property/Lot Information
    • Tenant Pays: Electricity
    • Built Before 1978: No
    • Approximate Age: 36-50 Years
    • Multi-Family Type: Corridor-Interior Entrance,Other
    • Lot Dimensions: 9675SF
    • Stories: 3
    Property and Assessments
    • Public Document Count: 0
    • Photos Count: 17
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 6
    Income & Expenses
    • Electric Expense: $380.00
    • Fuel Expense: $1,990.00
    • Gross Income: $5,995.00
    • Gross Scheduled Income: $71,940.00
    • Insurance Expense: $3,000.00
    • Maintenance Expense: $.00
    • Expense Year: 2021
    • Total Annual Expense Source: Owner Projection
    • Janitor Expense: 0
    • Total Monthly Income: 5995
    • Net Operating Income: $71,940.00
    • Operating Expense: $6,500.00
    • Other Expense: $.00
    • Trash Expense: $1,074.00
    • Water Sewer Expense: $3,004.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 6
    Unit 2
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 0
    Unit 3
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 3
    • Unit Type Units Total: 0
    Unit 4
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 4
    • Unit Type Units Total: 0
    Unit 5
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 5
    • Unit Type Units Total: 0
    Unit 6
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 6
    • Unit Type Units Total: 0
    Unit 7
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 7
    • Unit Type Units Total: 0

    Property History for 10506 Major Avenue

    DateEvent & SourcePriceAppreciation
    Sep 1, 2022

    Sold (Public Record)

    Public Record #1497542581

    $650,000
    Sep 1, 2022

    Sold

    MRED #11301410

    $650,000
    Jun 20, 2022

    Price Change

    MRED #11301410

    $695,000
    DateEvent & SourcePrice
    09/01/2022

    Sold (Public Record)

    Public Record #1497542581

    $650,000
    09/01/2022

    Sold

    MRED #11301410

    $650,000
    06/20/2022

    Price Change

    MRED #11301410

    $695,000

    For completeness, we often displays two records for one sale: the MLS record and the public record.

    Public Records for 10506 Major Avenue

    Taxable ValueLand$8,949Additions$52,020Total$60,969
    Tax Record2023$19,775 ($1,648 / month)
    Home Facts
    Baths7Total Finished SqFt7,068 SqFtAbove Grade Finished SqFt7,068 SqFtStories3Lot Size9,675 SqFtStyleMulti-Family Res (5+ Units)Year Built1980CountyCOOKAPN24-17-220-002

    Schools near 10506 Major Avenue

    This home is within Chsd 218 School District.
    Rating
    School
    Type
    Grades
    Distance
    Public - PK to 5
    Public - 6 to 8
    Public - 9 to 12
    Public - 9 to 12
    Rating
    School
    Distance
    Ridge Lawn Elementary School
    PublicPK to 5

    Elden D Finley Jr High School
    Public6 to 8

    Harold L. Richards High School
    Public9 to 12

    Delta Learning Center
    Public9 to 12

    School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

    Similar Homes

    New listings in 60415

    $349,900 | 6606 102nd Place, Chicago Ridge, IL 60415
    1/23

    $349,900

    3
    Bedrooms
    1,505
    Square Feet
    0.19
    Acres
    $320,000 | 10801 Oak Avenue, Chicago Ridge, IL 60415
    1/36

    $320,000

    3
    Bedrooms
    1,216
    Square Feet
    0.17
    Acres
    $159,900 | 6430 Pamela Lane, Unit 12, Chicago Ridge, IL 60415
    1/23

    $159,900

    2
    Bedrooms
    1,000
    Square Feet
    $199,000 | 7036 98th Street, Unit 2B, Chicago Ridge, IL 60415
    1/22

    $199,000

    2
    Bedrooms
    1,000
    Square Feet
    $345,000 | 10801 Menard Avenue, Chicago Ridge, IL 60415
    1/43

    $345,000

    3
    Bedrooms
    1,200
    Square Feet
    0.31
    Acres
    $159,000 | 9812 Sayre Avenue, Unit 3E, Chicago Ridge, IL 60415
    1/23
    Virtual Tour

    $159,000

    2
    Bedrooms
    942
    Square Feet
    $349,943 | 5900 107th Street, Chicago Ridge, IL 60415
    1/44

    $349,943

    4
    Bedrooms
    Unavailable
    Square Feet
    0.23
    Acres
    $330,000 | 10542 Oak Park Avenue, Chicago Ridge, IL 60415
    1/8

    $330,000

    3
    Bedrooms
    1,762
    Square Feet
    0.11
    Acres
    $225,000 | 9649 South Harlem Avenue, Unit 2C, Chicago Ridge, IL 60415
    1/26

    $225,000

    2
    Bedrooms
    1,000
    Square Feet

    Nearby home values

    AddressSold priceBedsBathsSqftLot (Sqft)
    This home: 10506 Major Avenue, Chicago Ridge, IL 60415
    $650,000
    12
    9,675
    $435,000
    42
    9,600
    $680,000
    12
    8,712
    $665,000
    12
    9,472
    10,672
    5,940
    9,675

    No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

    Listing Courtesy of First Midwest Realty LLC

    Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 09/09/2022 12:49 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.