1540 S Ridgeway Ave

$489,900
Price
7
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to a stunning 2025 full-gut rehabbed 2-flat located in the rapidly appreciating Lawndale neighborhood. Perfect for investors or owner-occupants looking for rental income, this property offers the perfect blend of modern finishes, functionality, and value. The first-floor duplex features 4 bedrooms and 2 full baths, offering generous living space ideal for larger households or higher rent potential. The second-floor unit includes 3 bedrooms and a full bath, perfect for an owner's unit or solid...Welcome to a stunning 2025 full-gut rehabbed 2-flat located in the rapidly appreciating Lawndale neighborhood. Perfect for investors or owner-occupants looking for rental income, this property offers the perfect blend of modern finishes, functionality, and value. The first-floor duplex features 4 bedrooms and 2 full baths, offering generous living space ideal for larger households or higher rent potential. The second-floor unit includes 3 bedrooms and a full bath, perfect for an owner's unit or solid long-term tenant. Both units feature modern layouts, modern kitchens with quartz countertops, stainless steel appliances, new shaker cabinets, and designer bathrooms with contemporary tile and fixtures. Completely rebuilt from top to bottom with brand-new electrical (200-amp service), plumbing, HVAC, central air, roof, windows, and hardwood flooring. Exterior updates include fresh tuckpointing, rear deck, and fenced yard for added privacy. Separate utilities make this a true turnkey investment. Centrally located near Douglas Park, Kedzie Ave, and minutes to the expressway-this property is surrounded by ongoing development and community revitalization. Nothing to do but move in or rent out and start cash flowing. Schedule your showing today-this one won't last!
  1. Listed by Marcus Carter • Chicagoland Brokers, Inc.
    P: (312)-638-3341 marcuscarter.realtor@gmail.com

Property Details for 1540 South Ridgeway Avenue

Area
CHI - North Lawndale
Township
West Chicago
Ownership
Fee Simple
Num Of Parking Spaces
2.0
Heat/Fuel
Natural Gas
Zoning
MULTI

Open Houses

Saturday, Dec 27th

12:00 PM - 2:00 PM

Public

LISTING UPDATED: 12/26/2025 02:01 AM

Property Details for 1540 South Ridgeway Avenue

StatusActive
MLS #12535068
Days on Market8
Taxes$4,446 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1903
Lot Size0.07 AC / 3,125 SF
CountyCook County

Location

Listing Courtesy of Chicagoland Brokers, Inc.
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Building Information for 1540 South Ridgeway Avenue

Stories-Residences2Year Built1903Building Size-Lot Size0.07 AC / 3,125 SF

Payment Calculator

$2,791 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,421

Property Taxes

$371

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1540 South Ridgeway Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking Details: Off Alley, Yes
Property Information
Interior Features
  • Num Of Rooms: 14
  • Bedrooms Total: 7
  • Bedrooms (Below Grade): 0
  • Basement Type: Finished, Full
  • Bedrooms Possible: 7
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Num of Baths: 3.0
Exterior Features
  • Patio And Porch Features: Porch
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2025
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 25X125
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Construction: Brick
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 1548
  • East Coordinate: 0
  • West Coordinate: 3734
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA
  • Public Document Count: 0
  • Photos Count: 15
  • OpenHouse Count: 1
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 0
Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 0

Property History for 1540 South Ridgeway Avenue

DateEvent & SourcePriceAppreciation
Dec 19, 2025

Listed (Active)

MRED #12535068

$489,900
Dec 12, 2025

Cancelled

MRED #12529308

$489,900
Dec 8, 2025

Listed (Active)

MRED #12529308

$489,900
Dec 31, 2024

Expired

MRED #12171163

$225,000
Sep 23, 2024

Listed (Active)

MRED #12171163

$225,000
Sep 10, 2024

Expired

MRED #12086239

$215,000
Jun 17, 2024

Listed (Active)

MRED #12086239

$215,000
Feb 19, 2010

Sold

MRED #07404437

$18,000
Feb 18, 2010

Sold (Public Record)

Public Record #284153623

$18,000

-72.3% / yr

Jan 28, 2010

Pending

MRED #07404437

Dec 28, 2009

Listed (Active)

MRED #07404437

$19,900
Sep 20, 2007

Sold (Public Record)

Public Record #227367394

$400,000

+9.8% / yr

Apr 14, 2006

Sold (Public Record)

Public Record #194684083

$350,000

+615.6% / yr

Nov 4, 2005

Sold (Public Record)

Public Record #168668688

$147,000
Nov 2, 2005

Sold (Public Record)

Public Record #168609487

$55,000
DateEvent & SourcePrice
12/19/2025

Listed (Active)

MRED #12535068

$489,900
12/12/2025

Cancelled

MRED #12529308

$489,900
12/08/2025

Listed (Active)

MRED #12529308

$489,900
12/31/2024

Expired

MRED #12171163

$225,000
09/23/2024

Listed (Active)

MRED #12171163

$225,000
09/10/2024

Expired

MRED #12086239

$215,000
06/17/2024

Listed (Active)

MRED #12086239

$215,000
02/19/2010

Sold

MRED #07404437

$18,000
02/18/2010

Sold (Public Record)

Public Record #284153623

$18,000

-72.3% / yr

01/28/2010

Pending

MRED #07404437

12/28/2009

Listed (Active)

MRED #07404437

$19,900
09/20/2007

Sold (Public Record)

Public Record #227367394

$400,000

+9.8% / yr

04/14/2006

Sold (Public Record)

Public Record #194684083

$350,000

+615.6% / yr

11/04/2005

Sold (Public Record)

Public Record #168668688

$147,000
11/02/2005

Sold (Public Record)

Public Record #168609487

$55,000

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

Public Records for 1540 South Ridgeway Avenue

Taxable ValueLand$3,671Additions$17,328Total$20,999
Tax Record2023$4,446 ($370 / month)
Home Facts
Baths3Total Finished SqFt2,391 SqFtAbove Grade Finished SqFt2,391 SqFtStories2Lot Size3,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1903CountyCOOKAPN16-23-126-028

Schools near 1540 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
Penn 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.

Neighborhood Map and Transit

Similar Homes

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1540 South Ridgeway Avenue is a multi-family home for sale in Chicago, IL 60623. This property was listed for sale on December 19, 2025 by Chicagoland Brokers, Inc., it's currently listed at $489,900. It has been on the market for a total of 8 days and was last sold on February 19, 2010. This listing's school district is Chicago Public Schools. Nearby schools include Penn Elementary School, Farragut Career Academy High School and KIPP Chicago Chrtrs - Ascend Acad. 1540 South Ridgeway Avenue is a 7-bed, 3-bath, multi-family home built in 1903.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Chicagoland Brokers, Inc.

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 12/26/2025 02:01 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.