Last Sold Price
7 beds
1540 S Ridgeway Ave, Chicago, IL 60623

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!
LISTING CLOSED: 02/24/2026 12:00 AM

  1. Listed by Marcus Carter • Chicagoland Brokers, Inc.
    P: (312) 638-3341 marcuscarter.realtor@gmail.com

Sold By Compass

Property Details for 1540 South Ridgeway Avenue

Status
MLS #
12535068
Days on Market
26
Taxes
$4,446 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Two to Four Units / 2 Flat
Year Built
1903
Lot Size
0.07 AC / 3,125 SF
Area
CHI - North Lawndale
Township
West Chicago
Ownership
Fee Simple
Num Of Parking Spaces
2.0
Heat/Fuel
Natural Gas
Zoning
MULTI

Location

Add your commute

Building Information for 1540 South Ridgeway Avenue

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

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$2,814 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,443

Property Taxes

$371

HOA Dues

$0

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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
  • Exterior Building Type: Brick
  • 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
Feb 24, 2026

Sold

MRED #12535068

$480,715
Feb 13, 2026

Sold (Public Record)

Public Record #1930830466

$481,000

+22.8% / yr

Jan 13, 2026

Pending

MRED #12535068

DateEvent & SourcePrice
02/24/2026

Sold

MRED #12535068

$480,715
02/13/2026

Sold (Public Record)

Public Record #1930830466

$481,000

+22.8% / yr

01/13/2026

Pending

MRED #12535068

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

Public Records for 1540 South Ridgeway Avenue

Taxable ValueLand$4,531Additions$20,469Total$25,000
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 Built1903Year Renovated1905ZoningRT-4CountyCOOKAPN16-23-126-028-0000

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.

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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 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 02/27/2026 02:26 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.