Sold
Last Sold Price
15 beds
1533 S Ridgeway Ave, Chicago, IL 60623
Multi FamilyProperty Type
0.1 acresLot Size
1911Year Built

Description

Great opportunity to bring in consistent income! Building is in need of rehab. No issues with Electrical and Plumbing systems. 3(2BR) and 3(3BR) units. Potential Rent - 3BR: up to $1350 each; 2BR: up to $1000 each. Total of $7050 per month in positive cash flow. Front units have balconies. All units are spacious with formal dining rooms, eat in kitchens and deep storage closets. This property is vacant. Rehab will need to be performed prior to renting units. Being sold as-is. Cash offers preferred...Great opportunity to bring in consistent income! Building is in need of rehab. No issues with Electrical and Plumbing systems. 3(2BR) and 3(3BR) units. Potential Rent - 3BR: up to $1350 each; 2BR: up to $1000 each. Total of $7050 per month in positive cash flow. Front units have balconies. All units are spacious with formal dining rooms, eat in kitchens and deep storage closets. This property is vacant. Rehab will need to be performed prior to renting units. Being sold as-is. Cash offers preferred by seller. Seller will not accept any offer below $150K.

    Sold By Re/Max Cityview

    • Listed by: Tamelra Powell tamelrasp@gmail.com • eXp Realty, LLC
    Listing closed: 05/29/2020 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 10659599

    Location

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    $1,124 per month

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    Principal and Interest

    $775

    Property Taxes

    $349

    HOA Dues

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    Property Information for 1533 South Ridgeway Avenue

    Property Details
    • Taxes: $4,185 / year
    • MLS Type: Multi Family 5+ / Flats
    • County: Cook County
    • Area: CHI - North Lawndale
    • Township: West Chicago
    • Num Of Parking Spaces: 0.0
    Building Information
    • Stories: 3
    • Residences: 6
    • Year Built: 1911
    • Lot Size: 0.10 AC / 4,356 SF
    General Information
    Location and General Information
    • Information: None
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • Heat/Ventilation: Central Bldg Heat,Gas,Hot Water
    • Num of Baths: 0.0
    Property/Lot Information
    • Tenant Pays: Electricity, Other
    • Built Before 1978: Yes
    • Approximate Age: Older
    • Multi-Family Type: Flats
    • Lot Dimensions: 4375
    • Stories: 3
    • Exterior Building Type: Brick
    • Construction: Brick
    • Building Area Total: 6480
    Property and Assessments
    • Public Document Count: 0
    • Photos Count: 8
    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: $.00
    • Fuel Expense: $.00
    • Gross Income: $.00
    • Gross Scheduled Income: $.00
    • Insurance Expense: $.00
    • Maintenance Expense: $.00
    • Janitor Expense: 0
    • Total Monthly Income: 0
    • Net Operating Income: $.00
    • Operating Expense: $.00
    • Other Expense: $.00
    • Trash Expense: $.00
    • Water Sewer Expense: $.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 3
    • # Of Rooms - Unit 1: 6
    • # Of Full Bthrms - Type 1: 1
    • Monthly Income - 1: 850
    Unit 2
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 3
    • # Of Rooms - Unit 2: 5
    • # Of Full Bthrms - Type 2: 1
    • Monthly Income - 2: 700
    Unit 3
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 3
    • Unit Type Units Total: 0
    • # Of Rooms - Unit 3: 0
    • Monthly Income - 3: 0
    Unit 4
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 4
    • Unit Type Units Total: 0
    • # Of Rooms - Unit 4: 0
    • Monthly Income - 4: 0
    Unit 5
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 5
    • Unit Type Units Total: 0
    • # Of Rooms - Unit 5: 0
    • Monthly Income - 5: 0
    Unit 6
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 6
    • Unit Type Units Total: 0
    • Monthly Income - 6: 0
    Unit 7
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 7
    • Unit Type Units Total: 0
    • # Of Rooms - Unit 7: 0
    • Monthly Income - 7: 0

    Property History for 1533 South Ridgeway Avenue

    DateEvent & SourcePriceAppreciation
    May 29, 2020

    Sold

    MRED #10659599

    $150,000
    May 21, 2020

    Sold (Public Record)

    Public Record #674114443

    $150,000

    +27.9% / yr

    May 13, 2020

    Pending

    MRED #10659599

    DateEvent & SourcePrice
    05/29/2020

    Sold

    MRED #10659599

    $150,000
    05/21/2020

    Sold (Public Record)

    Public Record #674114443

    $150,000

    +27.9% / yr

    05/13/2020

    Pending

    MRED #10659599

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

    Public Records for 1533 South Ridgeway Avenue

    Taxable ValueLand$6,344Additions$33,656Total$40,000
    Tax Record2023$4,869 ($406 / month)
    Home Facts
    Baths6Total Finished SqFt6,480 SqFtAbove Grade Finished SqFt6,480 SqFtStories3Lot Size4,375 SqFtStyleMulti-Family Res (5+ Units)Year Built1914CountyCOOKAPN16-23-127-011

    Schools near 1533 South Ridgeway Avenue

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

    Farragut Career Academy High School
    Public9 to 12

    KIPP Chicago Chrtrs - Ascend Acad
    CharterK to 8

    YCCS-CCA Academy 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.

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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 eXp 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 05/05/2021 08:57 AM. 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.