2147 Ridge Ave, Unit 3D

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This spacious top-floor 4-bedroom, 2-bath unit is located in a Northwestern University "student apartment" building, just a 13-minute walk from campus. Nestled on a peaceful and quiet street, it's highly popular with a range of tenants, including Northwestern students, faculty, staff, and other young professionals. The property is only 0.5 miles (a 10-minute walk) from the Purple Line's Noyes Station, with convenient access to local amenities including convenience stores, restaurants, and banks....This spacious top-floor 4-bedroom, 2-bath unit is located in a Northwestern University "student apartment" building, just a 13-minute walk from campus. Nestled on a peaceful and quiet street, it's highly popular with a range of tenants, including Northwestern students, faculty, staff, and other young professionals. The property is only 0.5 miles (a 10-minute walk) from the Purple Line's Noyes Station, with convenient access to local amenities including convenience stores, restaurants, and banks. A park is just a 3-minute walk away. Recently renovated in 2023, the unit is currently fully leased to Northwestern students, all of whom are on their second-year leases until 08/31/25. The annual rental income is 38,400 (parking not included). After deducting property taxes, insurance, and the HOA, the unit achieves a 7.5+ cap rate. With a 10-year equity multiple of 3.3X, an annual return rate of 22.97/100, and a projected cash-on-cash return of over 10/100 by year three, this is an ideal investment. The current owner has held the property for nearly 20 years, benefiting from stable and lucrative returns.
  1. Listed by Xiansong Liu • YOUMU VENTURES LLC
    P: (312)-888-5486 C: (312)-888-5486 tony@yomuventures.com

Sold By YOUMU VENTURES LLC

Property Details for 2147 Ridge Avenue, Unit 3D

Area
Evanston
Township
Evanston
Ownership
Condo
Num Of Garage Spaces
1.0
Num Of Parking Spaces
1.0
Parking Included in Price
Yes
Air Conditioning Type
Wall Unit(s)
Heat/Fuel
Natural Gas
LISTING CLOSED: 02/07/2025 12:00 AM

Property Details for 2147 Ridge Avenue, Unit 3D

StatusClosed
MLS #12204718
Days on Market14
Pet PolicyAllowed
Taxes$5,982 / year
HOA Fees$485 / month
Condo/Co-op Fees-
Property TypeCondo
MLS TypeAttached Single / Condo
Year Built1957
CountyCook County

Location

Add your commute

Building Information for 2147 Ridge Avenue, Unit 3D

Building/Complex2147 Ridge AveFloor3Stories3Residences12Pet PolicyAllowedPet Policy DetailsCats OK,Dogs OKYear Built1957

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$3,093 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,109

Property Taxes

$499

HOA Dues

$485

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Property Information for 2147 Ridge Avenue, Unit 3D

General Information
School Information
  • Elementary School District: 65
  • Elementary School: Orrington Elementary School
  • Jr High Middle School: Haven Middle School
  • High School District: 202
  • High School: Evanston Twp High School
  • Middle Or Junior School District: 65
Addtl Parking Information
  • Garage Details: Heated
  • Garage On Site: true
  • Garage Type: Attached
  • Parking: Garage
Pet Information
  • Max Pet Weight: 100.0
  • Pet Information: Cats OK, Dogs OK
Taxes and HOA Information
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Water, Common Insurance, Snow Removal
  • Master Association Fee Frequency: Not Required
Property Information
Interior Features
  • Num Of Rooms: 4
  • Bedrooms Total: 4
  • Bedrooms (Below Grade): 0
  • Unit Floor Level: 1
  • Basement Type: None
  • Bedrooms Possible: 4
  • Air Conditioning: Wall Unit(s)
  • Basement Description: None
  • Basement Bathrooms: No
  • Room Type: No additional rooms
  • Num of Baths: 2.0
Exterior Features
  • Type: Condo
Utilities / Equipment
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2023
  • Built Before 1978: Yes
  • Age: 61-70 Years
  • Type Attached: Condo
  • Total Sq Ft: 0
  • Aprox Total Finished Sq Ft: 0
  • Total Finished and Unfin Sq Ft: 0
  • Lot Dimensions: CONDO
  • Stories Total: 3
  • Total # Units in Building: 12.0
  • Waterfront: No
  • Disability Access and/or Equipped: No
  • Exterior Building Type: Brick
  • General Information: None
  • Living Area Source: Not Reported
  • Management Company: Connected Property Management
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 15
  • Rural: N
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Room Information
Master Bedroom Information
  • Master Bedroom Level: Main
  • Room Type: Master Bedroom
  • Master Bedroom Bath: None
  • Master Bedroom Dimensions: 1X1
Bedroom #2 Information
  • 2nd Bedroom Level: Main
  • Room Type: Bedroom 2
  • Bedroom #2 Room Dimensions: 1X1
Bedroom #3 Information
  • 3rd Bedroom Level: Main
  • Room Type: Bedroom 3
  • Bedroom #3 Room Dimensions: 1X1
Bedroom #4 Information
  • 4th Bedroom Level: Main
  • Room Type: Bedroom 4
  • Bedroom #4 Room Dimensions: 1X1
Dining Room Information
  • Dining Room Level: N/A
  • RoomType_DR: Dining Room
Family Room Information
  • Family Room Level: N/A
  • RoomType_FR: Family Room
Kitchen Information
  • Kitchen Level: N/A
  • RoomType_KT: Kitchen
Laundry Information
  • Laundry Level: N/A
  • Room Type: Laundry
Living Room Information
  • Living Room Level: N/A
  • Room Type: Living Room

Property History for 2147 Ridge Avenue, Unit 3D

DateEvent & SourcePriceAppreciation
Feb 7, 2025

Sold

MRED #12204718

$415,000
Feb 5, 2025

Sold (Public Record)

Public Record #1550974980

$415,000

+1.2% / yr

Nov 19, 2024

Pending

MRED #12204718

DateEvent & SourcePrice
02/07/2025

Sold

MRED #12204718

$415,000
02/05/2025

Sold (Public Record)

Public Record #1550974980

$415,000

+1.2% / yr

11/19/2024

Pending

MRED #12204718

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

Public Records for 2147 Ridge Avenue, Unit 3D

Taxable ValueLand$2,186Additions$22,522Total$24,708
Tax Record2023$5,982 ($498 / month)
Home Facts
Beds3Total Finished SqFt1,200 SqFtAbove Grade Finished SqFt1,200 SqFtLot Size9,558 SqFtStyleCondominiumYear Built1960CountyCOOKAPN11-07-119-045-1012

Schools near 2147 Ridge Avenue, Unit 3D

This home is within Evanston Twp Hsd 202 School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Orrington Elementary School
PublicK to 5

Haven Middle School
Public6 to 8

Evanston Twp High School
Public9 to 12

M L King Jr Lab Experimental School
PublicK 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 YOUMU VENTURES 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 02/10/2025 05:09 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.