Sold
Last Sold Price
8 beds
1652 S Ridgeway Ave, Chicago, IL 60623
Multi FamilyProperty Type
0.07 acresLot Size
4 carsParking Spaces

Description

20k Price Drop! Motivated Seller! Prime Income-Producing Multi-Unit in Lawndale - Fully Renovated in 2021! An exceptional investment opportunity awaits in Chicago's Lawndale neighborhood! This high-income producing 3-unit property was completely renovated in 2021 from top to bottom, offering modern finishes, updated systems, and strong rental demand. Each unit features contemporary designs, spacious layouts, and high-end upgrades, including: New electrical, plumbing, HVAC, and roofing (all updated...20k Price Drop! Motivated Seller! Prime Income-Producing Multi-Unit in Lawndale - Fully Renovated in 2021! An exceptional investment opportunity awaits in Chicago's Lawndale neighborhood! This high-income producing 3-unit property was completely renovated in 2021 from top to bottom, offering modern finishes, updated systems, and strong rental demand. Each unit features contemporary designs, spacious layouts, and high-end upgrades, including: New electrical, plumbing, HVAC, and roofing (all updated in 2021) Stylish kitchens with granite countertops, stainless steel appliances, and custom cabinetry Luxury flooring, modern bathrooms, and in-unit laundry hookups Generous-sized bedrooms and ample natural light With solid rental income and low maintenance, this property is perfect for both investors and owner-occupants looking to build wealth. Conveniently located near public transit, parks, and local amenities, this turnkey building is ready to generate strong returns. Don't miss out on this prime multi-unit investment-schedule a private tour today!

    Sold By Compass

    • Listed by: Jessica Macey 312.282.5652 jess@heartofchicagohomes.com • Real Broker LLC
    Listing closed: 07/14/2025 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 12417523

    Location

    Add your commute

    Payment Calculator

    Get preapproved with
    OriginPoint Mortgage or Rocket Mortgage1

    $2,489 per month

    30 year fixed, 6.71% Interest

    Principal and Interest

    $2,403

    Property Taxes

    $86

    HOA Dues

    $0

    The Payment Calculator is for illustrative purposes only.

    Know your buying power with a preapproval and custom rate in minutes

    Rocket Mortgage1

    Property Information for 1652 South Ridgeway Avenue

    Property Details
    • Taxes: $1,036 / year
    • MLS Type: Two to Four Units / 2 Flat
    • County: Cook County
    • Area: CHI - North Lawndale
    • Township: West Chicago
    • Ownership: Fee Simple
    • Num Of Garage Spaces: 2.0
    • Heat/Fuel: Natural Gas
    • Architectural Style: Greystone
    • Zoning: MULTI
    Building Information
    • Residences: 3
    • Lot Size: 0.07 AC / 2,900 SF
    General Information
    School Information
    • Elementary School District: 299
    • High School District: 299
    • Middle Or Junior School District: 299
    Addtl Parking Information
    • Parking Details: On Site, Detached, Garage
    Property Information
    Interior Features
    • Num Of Rooms: 20
    • Bedrooms Total: 8
    • Bedrooms (Below Grade): 0
    • Basement Type: Finished, Full
    • Bedrooms Possible: 8
    • # Full Baths in Building: 3
    • # Half Baths in Building: 0
    • Num of Baths: 3.0
    Utilities / Equipment
    • Sewer: Sewer-Public
    • Water: Lake Michigan
    Property/Lot Information
    • New Construction YN: No
    • Rebuilt: No
    • Rehabilitated: No
    • Built Before 1978: Yes
    • Age: 100+ Years
    • Lot Size: Less Than .25 Acre
    • Lot Dimensions: 25X116
    • Total # Units in Building: 3.0
    • Waterfront: Yes
    • Exterior Building Type: Stone
    • Construction: Stone
    • General Information: None
    • North Coordinate: 0
    • South Coordinate: 1652
    • East Coordinate: 0
    • West Coordinate: 3732
    • 3 Br Un In Bldg: Yes
    Property and Assessments
    • Public Document Count: 0
    • Photos Count: 24
    • OpenHouse Count: 0
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 1
    • Lease Expiration Date: 99/99
    Unit 2
    • Unit Type Actual Rent: $2,250.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 2
    • Lease Expiration Date: 11/26
    Unit 3
    • Unit Type Actual Rent: $1,000.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 3
    • Lease Expiration Date: 11/25

    Property History for 1652 South Ridgeway Avenue

    DateEvent & SourcePriceAppreciation
    Jul 14, 2025

    Sold

    MRED #12417523

    $465,000
    Jul 11, 2025

    Pending

    MRED #12417523

    Jul 11, 2025

    Contingent

    MRED #12417523

    DateEvent & SourcePrice
    07/14/2025

    Sold

    MRED #12417523

    $465,000
    07/11/2025

    Pending

    MRED #12417523

    07/11/2025

    Contingent

    MRED #12417523

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

    Public Records for 1652 South Ridgeway Avenue

    Taxable ValueLand$4,205Additions$33,595Total$37,800
    Tax Record2023$1,036 ($86 / month)
    Home Facts
    Baths2Total Finished SqFt2,376 SqFtAbove Grade Finished SqFt2,376 SqFtStories2Lot Size2,900 SqFtStyleMulti-Family Res (5+ Units)Year Built1907CountyCOOKAPN16-23-304-040

    Schools near 1652 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

    North Lawndale Prep Charter - Christ
    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

    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. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

    Listing Courtesy of Real Broker 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 07/15/2025 08:02 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.