Last Sold Price
9 beds
1318 N Ridgeway Ave, Chicago, IL 60651

Description

This Gorgeous, Updated and INCOME PRODUCING Greystone in the heart of the ever appreciating Humboldt Park can be yours to own, live in and collect rent or as an armchair investment. There are 3 three bedroom one bath units which have been updated and the building is currently fully rented. (Agent and Owner cannot represent legality of Garden Unit.) The property has been meticulously cared for and has so many great updates; new roof (2020), tuckpointed (2020) Brand New Concrete Garage (2020) which...This Gorgeous, Updated and INCOME PRODUCING Greystone in the heart of the ever appreciating Humboldt Park can be yours to own, live in and collect rent or as an armchair investment. There are 3 three bedroom one bath units which have been updated and the building is currently fully rented. (Agent and Owner cannot represent legality of Garden Unit.) The property has been meticulously cared for and has so many great updates; new roof (2020), tuckpointed (2020) Brand New Concrete Garage (2020) which has a double layer silver roof ready to accommodate a rooftop deck and a PARTY DOOR. The two main floor units have Central AC and all three units have in unit Washer Dryer. Expenses are nominal as tenants pay ALL UTILITIES so even at under market rents, this property is yielding a 6.7% CAP Rate. You do not want to miss out on the opportunity to own this magnificent property nestle on the charming tree lined Ridgeway Ave. steps from all that Humboldt Park offers.
LISTING CLOSED: 10/06/2022 12:00 AM

  1. Listed by Diane Vanna • Baird & Warner
    P: (312) 545-5280 thevannagroup@bairdwarner.com;thevannagroup@bairdwarner.com
  2. Listed by Maria Sabino • Baird & Warner
    P: (708) 953-7878 Maria.Sabino@bairdwarner.com

Sold By Jason Mitchell Real Estate IL

Property Details for 1318 North Ridgeway Avenue

Status
MLS #
11482103
Days on Market
5
Taxes
$4,453 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Two to Four Units / 2 Flat
Year Built
-
Lot Size
0.07 AC / 2,976 SF
Area
CHI - Humboldt Park
Township
West Chicago
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air
Architectural Style
Greystone

Recent comparable sales

Median sold price

$505,000

Avg days on market

26

Sale-to-list ratio

97.3%

Chicago, IL

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Location

Add your commute

Building Information for 1318 North Ridgeway Avenue

Stories-Residences3Year Built-Building Size-Lot Size0.07 AC / 2,976 SF

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$2,836 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,465

Property Taxes

$371

HOA Dues

$0

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Property Information for 1318 North Ridgeway Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage Details: Garage Door Opener(s)
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Property Information
Interior Features
  • Num Of Rooms: 21
  • Bedrooms Total: 9
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 9
  • Basement Description: Finished
  • Basement Bathrooms: No
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2012
  • Built Before 1978: Yes
  • Age: Unknown
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 24 X 124
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Stone
  • Roof Type: Rubber
  • General Information: None
  • North Coordinate: 1318
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 3400
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2022-08-16T15:15:19
  • Photos Count: 20
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Insurance Expense: $2,500.00
  • Insurance Expense Source: Broker Projection
  • Other Expense Source: Broker Projection
  • Net Operating Income: $40,800.00
  • Other Expenses $: 1500
Unit 1
  • Unit Type Actual Rent: $1,250.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: MTM
Unit 2
  • Unit Type Actual Rent: $1,200.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 8/23
Unit 3
  • Unit Type Actual Rent: $950.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Lease Expiration Date: MTM

Property History for 1318 North Ridgeway Avenue

DateEvent & SourcePriceAppreciation
Oct 6, 2022

Sold

MRED #11482103

$485,000
Aug 17, 2022

Pending

MRED #11482103

Aug 17, 2022

Contingent

MRED #11482103

DateEvent & SourcePrice
10/06/2022

Sold

MRED #11482103

$485,000
08/17/2022

Pending

MRED #11482103

08/17/2022

Contingent

MRED #11482103

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

Public Records for 1318 North Ridgeway Avenue

Taxable ValueLand$3,571Additions$26,435Total$30,006
Tax Record2023$6,350 ($529 / month)
Home Facts
Baths2Total Finished SqFt2,214 SqFtAbove Grade Finished SqFt2,214 SqFtStories2Lot Size2,976 SqFtStyleMulti-Family Res (5+ Units)Year Built1903CountyCOOKAPN16-02-119-034

Schools near 1318 North Ridgeway Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Cameron Elementary School
PublicPK to 8

Orr Academy High School
Public9 to 12

YCCS-Assoc Hse El Cuarto Ano HS
Charter9 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.

Neighborhood Map and Transit

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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 Baird & Warner

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 10/06/2022 09:50 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.