Last Sold Price
8 beds
1652 S Ridgeway Ave, Chicago, IL 60623

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!
LISTING CLOSED: 07/14/2025 12:00 AM

  1. Listed by Jessica Macey • Real Broker LLC
    P: (312) 282-5652 jess@heartofchicagohomes.com

Sold By Compass

Property Details for 1652 South Ridgeway Avenue

Status
MLS #
12417523
Days on Market
1
Taxes
$1,036 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Two to Four Units / 2 Flat
Year Built
-
Lot Size
0.07 AC / 2,900 SF
Area
CHI - North Lawndale
Township
West Chicago
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
4.0
Heat/Fuel
Natural Gas
Architectural Style
Greystone
Zoning
MULTI

Recent comparable sales

Median sold price

$465,000

Avg days on market

27

Sale-to-list ratio

99.5%

Chicago, IL

9 comparable properties found

a view of a brick house with many windows and a yard
1/40
1

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Sold 11/20/24

8
Bedrooms
Unavailable
Square Feet
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Acres
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2

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Sold 05/09/25

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Bedrooms
Unavailable
Square Feet
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Acres
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1/31
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Sold 01/02/26

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Bedrooms
3,100
Square Feet
0.25
Acres
$430,000 | 1141 South St Louis Avenue, Chicago, IL 60624
1/16
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Sold 06/26/26

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Bedrooms
Unavailable
Square Feet
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Acres
$520,000 | 924 South Springfield Avenue, Chicago, IL 60624
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Bedrooms
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Square Feet
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Acres
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Sold 05/19/25

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Bedrooms
Unavailable
Square Feet
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Acres
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Sold 05/09/25

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Bedrooms
Unavailable
Square Feet
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Acres
a view of a brick building next to a yard
1/33
8

$410,000

Sold 06/24/25

8
Bedrooms
Unavailable
Square Feet
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Acres
a backyard of a house with table and chairs
1/44
9

$465,000

Sold 12/30/25

8
Bedrooms
Unavailable
Square Feet
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Acres

Location

Add your commute

Building Information for 1652 South Ridgeway Avenue

Stories-Residences3Year Built-Building Size-Lot Size0.07 AC / 2,900 SF

Payment Calculator

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$2,450 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,364

Property Taxes

$86

HOA Dues

$0

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Property Information for 1652 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: 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

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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. 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.