Sold
Last Sold Price
7 beds
1940 S Ridgeway Ave, Chicago, IL 60623
Multi FamilyProperty Type
2,900 sq ftLot Size
1896Year Built
2 carsParking Spaces

Description

Come take a look at this Absolutely Gorgeous Full Gut Rehab ((Legal 2 Flat with 3 full units)) in the Smoking Hot Lawndale Medical District area. The 3rd unit could easily be rented out not a problem, but it could also make for a great AirBNB as close as it is to the Medical District for traveling nurses and other Medical professionals that travel often. The 1st & 2nd floors are both (3) bedrooms (1) bathroom Condo quality Rehabbed Apartments ready to be rented out. The Lower level is complete and...Come take a look at this Absolutely Gorgeous Full Gut Rehab ((Legal 2 Flat with 3 full units)) in the Smoking Hot Lawndale Medical District area. The 3rd unit could easily be rented out not a problem, but it could also make for a great AirBNB as close as it is to the Medical District for traveling nurses and other Medical professionals that travel often. The 1st & 2nd floors are both (3) bedrooms (1) bathroom Condo quality Rehabbed Apartments ready to be rented out. The Lower level is complete and ready to be rented out as well. The entire property has all new Kitchens, Bathrooms, All New Electric and Plumbing. New quartz Countertops throughout the Kitchens and Bathrooms. New Roof, New Hot water tanks, New Furnaces, New Electric lines, New Plumbing, (2) New AC Condensers. A New Catch Basin along with a New Sewer Line, New front Concrete Stairs, New Back Walkway, New Concrete Base for the Parking Pad,. There's nothing left to be done here at this property except close on it and find the right tenants which should be easy as close to the Medical District as it is. The property sits only two blocks away from the closest CTA train station. And all other major transportation is super close by.

    Sold By Kale Realty

    • Listed by: David Mishel 773.936.2714 david.mishel@compass.com • Compass
    Listing closed: 06/06/2025 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 12312125

    Recent comparable sales

    Median sold price

    $480,715

    Avg days on market

    16

    Sale-to-list ratio

    100.1%

    Chicago, IL

    9 comparable properties found

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    Location

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    $2,633 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $2,465

    Property Taxes

    $168

    HOA Dues

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    Property Information for 1940 South Ridgeway Avenue

    Property Details
    • Taxes: $2,011 / year
    • MLS Type: Two to Four Units / 2 Flat
    • County: Cook County
    • Area: CHI - North Lawndale
    • Township: West Chicago
    • Ownership: Fee Simple
    • Parking Included in Price: Yes
    • Heat/Fuel: Other
    • Zoning: MULTI
    Building Information
    • Residences: 3
    • Year Built: 1896
    • 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: Off Alley, Alley Access, On Site, Owned
    Property Information
    Interior Features
    • Num Of Rooms: 18
    • Bedrooms Total: 7
    • Bedrooms (Below Grade): 0
    • Community Features: Park, Curbs, Gated, Sidewalks, Street Lights, Street Paved
    • Basement Type: Finished, Full
    • Bedrooms Possible: 7
    • # Full Baths in Building: 3
    • # Half Baths in Building: 0
    • Num of Baths: 3.0
    Exterior Features
    • Fencing: Fenced
    Utilities / Equipment
    • Sewer: Sewer-Public
    • Water: Public
    Property/Lot Information
    • Exterior Property Features: Lighting
    • 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 Size Source: County Records
    • Lot Dimensions: 25X116
    • Total # Units in Building: 3.0
    • Waterfront: No
    • Exterior Building Type: Brick
    • Construction: Brick
    • Roof Type: Rubber
    • Foundation Details: Concrete Perimeter
    • General Information: None
    • North Coordinate: 0
    • South Coordinate: 1900
    • East Coordinate: 0
    • West Coordinate: 3700
    • 3 Br Un In Bldg: No
    Property and Assessments
    • Buyer Financing: Conventional, FHA, VA
    • Public Document Count: 1
    • Document Date: 2025-03-14T14:26:20
    • Photos Count: 71
    • OpenHouse Count: 6
    Virtual Tour/Additional Media
    • Virtual Tour: Image360+realtor
    • Virtual Tour YN: Yes
    Multi Family
    Unit 1
    • Unit Type Actual Rent: $1,900.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 1
    • Lease Expiration Date: VAC
    Unit 2
    • Unit Type Actual Rent: $1,700.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 2
    • Lease Expiration Date: VAC
    Unit 3
    • Unit Type Actual Rent: $1,000.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 3
    • Lease Expiration Date: VAC

    Property History for 1940 South Ridgeway Avenue

    DateEvent & SourcePriceAppreciation
    Jun 6, 2025

    Sold

    MRED #12312125

    $485,000
    May 27, 2025

    Sold (Public Record)

    Public Record #1905996117

    $485,000

    +957.1% / yr

    Apr 13, 2025

    Temporarily Off Market

    MRED #12312125

    $485,000
    DateEvent & SourcePrice
    06/06/2025

    Sold

    MRED #12312125

    $485,000
    05/27/2025

    Sold (Public Record)

    Public Record #1905996117

    $485,000

    +957.1% / yr

    04/13/2025

    Temporarily Off Market

    MRED #12312125

    $485,000

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

    Public Records for 1940 South Ridgeway Avenue

    Taxable ValueLand$4,205Additions$15,395Total$19,600
    Tax Record2023$2,011 ($168 / month)
    Home Facts
    Baths2Total Finished SqFt2,332 SqFtAbove Grade Finished SqFt2,332 SqFtStories2Lot Size2,900 SqFtStyleMulti-Family Res (5+ Units)Year Built1896Year Renovated1898ZoningRT-4CountyCOOKAPN16-23-321-033-0000

    Schools near 1940 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 - K to 8
    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

    Legacy Elementary Charter School
    CharterK to 8

    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 Compass

    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 06/12/2025 03:32 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.