Sold
Last Sold Price
7 beds

1540 S Ridgeway Ave, Chicago, IL 60623

Multi FamilyProperty Type
0.07 acresLot Size
1903Year Built
2 carsParking Spaces

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!

    Sold By Compass

    • Listed by: Marcus Carter 312.638.3341 marcuscarter.realtor@gmail.com • Chicagoland Brokers, Inc.
    Listing closed: 02/24/2026 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 12535068
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    Recent comparable sales

    Median sold price

    $497,500

    Avg days on market

    21

    Sale-to-list ratio

    100.7%

    Chicago, IL

    9 comparable properties found

    $500,000 | 1253 South Millard Avenue, Chicago, IL 60623
    1/19
    1

    $500,000

    Sold 09/26/26

    7
    Bedrooms
    3,537
    Square Feet
    0.07
    Acres
    a view of a hallway with wooden floor
    1/71
    2

    $485,000

    Sold 06/06/25

    7
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres
    $417,000 | 1637 South St Louis Avenue, Chicago, IL 60623
    1/48
    3

    $417,000

    Sold 03/31/26

    7
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres
    front view of a brick building
    1/26
    4

    $480,000

    Sold 01/22/26

    7
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres
    a tall building with large windows
    1/31
    5

    $497,500

    Sold 05/01/26

    7
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres
    $541,500 | 1539 South Christiana Avenue, Chicago, IL 60623
    1/31
    6

    $541,500

    Sold 07/17/26

    7
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres
    a view of a brick house with many windows
    1/28
    7

    $442,700

    Sold 06/16/25

    7
    Bedrooms
    Unavailable
    Square Feet
    0.08
    Acres
    $500,000 | 1507 South Tripp Avenue, Chicago, IL 60623
    1/31
    8

    $500,000

    Sold 05/15/25

    7
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres
    a view of a building with a door
    1/38
    9

    $520,000

    Sold 03/09/26

    7
    Bedrooms
    3,600
    Square Feet
    0.07
    Acres

    Location

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    OriginPoint Mortgage or Rocket Mortgage1

    $2,937 per month

    30 year fixed, 7.03% Interest

    Principal and Interest

    $2,566

    Property Taxes

    $371

    HOA Dues

    $0

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    Property Information for 1540 South Ridgeway Avenue

    Property Details

    • Taxes: $4,446 / year
    • MLS Type: Two to Four Units / 2 Flat
    • County: Cook County
    • Area: CHI - North Lawndale
    • Township: West Chicago
    • Ownership: Fee Simple
    • Heat/Fuel: Natural Gas
    • Zoning: MULTI

    Building Information

    • Residences: 2
    • Year Built: 1903
    • Lot Size: 0.07 AC / 3,125 SF

    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

    1540 South Ridgeway Avenue

    Baths

    3

    Total Finished SqFt

    2,391 SqFt

    Above Grade Finished SqFt

    2,391 SqFt

    Stories

    2

    Lot Size

    3,125 SqFt

    Style

    Multi-Family Res (5+ Units)

    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

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    Nearby home values

    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.