Last Sold Price
10 beds
2441 N Ridgeway Ave, Chicago, IL 60647

Description

Legal 5 Unit. Solid brick 3-flat with 2-unit coach house on quiet, tree-lined street in booming Logan Square. Updated units throughout with new flooring, stainless steel appliances, and granite countertops totaling 11 bedrooms/6 baths and fetching $72,000+ annually. All units are easy to rent offering owners steady income and the opportunity for long-term rent growth and appreciation. Strong rental demand in rapidly changing west Logan Square with "Park & Field" and "L'Patron" recently opening just...Legal 5 Unit. Solid brick 3-flat with 2-unit coach house on quiet, tree-lined street in booming Logan Square. Updated units throughout with new flooring, stainless steel appliances, and granite countertops totaling 11 bedrooms/6 baths and fetching $72,000+ annually. All units are easy to rent offering owners steady income and the opportunity for long-term rent growth and appreciation. Strong rental demand in rapidly changing west Logan Square with "Park & Field" and "L'Patron" recently opening just a short walk away. Easy access to Metra and Fullerton bus, and nearby Logan Square blue line.
LISTING CLOSED: 12/20/2017 12:00 AM

    Sold By @properties

    Property Details for 2441 North Ridgeway Avenue

    Status
    MLS #
    09762670
    Days on Market
    10
    Taxes
    $13,724 / year
    HOA Fees
    -
    Condo/Co-op Fees
    -
    Property Type
    MLS Type
    Multi Family 5+ / Flats
    Year Built
    1911
    Lot Size
    0.07 AC / 3,125 SF
    Area
    CHI - Logan Square
    Township
    JEFFERSON
    Num of Interior Fireplaces
    0
    Zoning
    MULTI

    Location

    Add your commute

    Building Information for 2441 North Ridgeway Avenue

    Stories3Residences5Year Built1911Building Size-Lot Size0.07 AC / 3,125 SF

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    OriginPoint Mortgage or Rocket Mortgage1

    $4,346 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $3,202

    Property Taxes

    $1,144

    HOA Dues

    $0

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    Rocket Mortgage1

    Property Information for 2441 North Ridgeway Avenue

    General Information
    Location and General Information
    • Information: 24-Hr Notice Required,Listing Agent Must Accompany
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • # Of Washers: 1
    • Basement Description: Finished
    • Heat/Ventilation: Forced Air,Gas
    • # Of Window/Ac: 0
    • # Of Refrigerators: 5
    • Washer/Dryer Lsd: No
    • # Of Dryers: 1
    • # Of Disposals: 0
    • # Of Dishwashers: 5
    • Num of Baths: 5.0
    Property/Lot Information
    • Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
    • Built Before 1978: Yes
    • Approximate Age: Older
    • Multi-Family Type: Flats
    • Lot Dimensions: 25X125
    • Lot Size Square Feet: 3125.0
    • Stories: 3
    • Exterior Building Type: Brick, Wood Frame, Frame
    • Construction: Brick, Wood Frame
    • # Of Ranges: 5
    Property and Assessments
    • Photos Count: 18
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    • Virtual Tour Date: 09-27-2017
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 5
    Income & Expenses
    • Electric Expense: $1,400.00
    • Fuel Expense: $900.00
    • Gross Income: $72,540.00
    • Gross Scheduled Income: $72,540.00
    • Insurance Expense: $2,500.00
    • Maintenance Expense: $750.00
    • Total Annual Expense Source: Broker Projection
    • Janitor Expense: 1000
    • Total Monthly Income: 6045
    • Net Operating Income: $50,966.00
    • Operating Expense: $21,574.00
    • Other Expense: $.00
    • Trash Expense: $.00
    • Water Sewer Expense: $1,300.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 3
    Unit 2
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 2
    Unit 3
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 3
    • Unit Type Units Total: 0
    Unit 4
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 4
    • Unit Type Units Total: 0
    Unit 5
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 5
    • Unit Type Units Total: 0
    Unit 6
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 6
    • Unit Type Units Total: 0
    Unit 7
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 7
    • Unit Type Units Total: 0

    Property History for 2441 North Ridgeway Avenue

    DateEvent & SourcePriceAppreciation
    Dec 20, 2017

    Sold

    MRED #09762670

    $630,000
    Dec 18, 2017

    Sold (Public Record)

    Public Record #620442259

    $630,000

    +16.2% / yr

    Oct 6, 2017

    Pending

    MRED #09762670

    DateEvent & SourcePrice
    12/20/2017

    Sold

    MRED #09762670

    $630,000
    12/18/2017

    Sold (Public Record)

    Public Record #620442259

    $630,000

    +16.2% / yr

    10/06/2017

    Pending

    MRED #09762670

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

    Public Records for 2441 North Ridgeway Avenue

    Taxable ValueLand$13,594Additions$87,195Total$100,789
    Tax Record2023$15,196 ($1,266 / month)
    Home Facts
    Baths4Total Finished SqFt2,038 SqFtAbove Grade Finished SqFt2,038 SqFtStories2Lot Size3,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1915CountyCOOKAPN13-26-328-007

    Schools near 2441 North Ridgeway Avenue

    This home is within Chicago Public Schools.
    Rating
    School
    Type
    Grades
    Distance
    Public - PK to 8
    Public - 7 to 12
    Charter - 9 to 12
    Charter - 9 to 12
    Rating
    School
    Distance
    Monroe Elementary School
    PublicPK to 8

    Marine Leadership Academy - Ames
    Public7 to 12

    Aspira Charter - Bus and Fin
    Charter9 to 12

    Antonia Pantoja High School
    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 @properties

    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 12/20/2017 02:46 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.