Sold
Last Sold Price
10 beds5,354 sqft
2541 N Ridgeway Ave, Chicago, IL 60647
Multi FamilyProperty Type
0.07 acresLot Size
1925Year Built
$149/sq ftPrice per sq ft
2 carsParking Spaces

Description

This brick 4-flat is an Incredible multi-unit investment opportunity in the heart of Palmer/Logan Square on a quiet tree lined street. 4 legal units with unit 1, 2 and 3 featuring: 3 bedrooms, 1 bathroom, huge living rooms with bay window area, formal dining rooms, large kitchens, rear decks, gas forced air and central air. Garden unit features a nice size living/dining room, generous kitchen, 1 bedroom, 1 bathroom and walk in closet. Numerous updates throughout, all utilities separated which tenants...This brick 4-flat is an Incredible multi-unit investment opportunity in the heart of Palmer/Logan Square on a quiet tree lined street. 4 legal units with unit 1, 2 and 3 featuring: 3 bedrooms, 1 bathroom, huge living rooms with bay window area, formal dining rooms, large kitchens, rear decks, gas forced air and central air. Garden unit features a nice size living/dining room, generous kitchen, 1 bedroom, 1 bathroom and walk in closet. Numerous updates throughout, all utilities separated which tenants pay except for garden unit, basement area with laundry room and storage, great yard, brick 2 car garage and easy street parking. Top floor unit is currently vacant and ready for a live-in owner or to be rented out. Units leased below market value as they are all long-term tenants but currently on month-to-month leases. Close to everything that Logan Square has to offer including nightlife, shopping, top Chicago neighborhood restaurants, and transportation.

    Sold By Nelly Corp Realty

    • Listed by: Michael Shenfeld 312.229.9119 michael@theshenfeldgroup.com • Jameson Sotheby's Intl Realty
    Listing closed: 01/20/2022 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 11281287

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    Property Information for 2541 North Ridgeway Avenue

    Property Details
    • Taxes: $10,901 / year
    • MLS Type: Two to Four Units / 4 Flat
    • County: Cook County
    • Area: CHI - Logan Square
    • Township: Jefferson
    • Ownership: Fee Simple
    • Num Of Garage Spaces: 2.0
    • Num Of Cars: 2.0
    • Parking Included in Price: Yes
    • Heat/Fuel: Natural Gas, Forced Air, Sep Heating Systems - 2+
    • Zoning: MULTI
    Building Information
    • Residences: 4
    • Year Built: 1925
    • Lot Size: 0.07 AC / 3,250 SF
    General Information
    School Information
    • Elementary School District: 299
    • Elementary School: Monroe Elementary School
    • Jr High Middle School: Monroe Elementary School
    • High School District: 299
    • High School: Kelvyn Park High School
    • Middle Or Junior School District: 299
    Addtl Parking Information
    • Garage Details: Garage Door Opener(s)
    • Garage On Site: true
    • Garage Ownership: Owned
    • Garage Type: Detached
    • Parking: Garage
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • Num Of Rooms: 25
    • Bedrooms Total: 10
    • Bedrooms (Below Grade): 0
    • Community Features: Park, Sidewalks, Street Paved
    • Bath Amenities: Soaking Tub
    • Basement Type: Full
    • Bedrooms Possible: 10
    • Basement Description: Finished, Exterior Access, Rec/Family Area, Sleeping Area, Walk-Up Access
    • Basement Bathrooms: No
    • # Full Baths in Building: 4
    • # Half Baths in Building: 0
    • Room Type: Foyer
    • Num of Baths: 4.0
    Utilities / Equipment
    • Sewer: Sewer-Public
    • Water: Lake Michigan, Public
    • Other Equipment: Humidifier, TV-Cable, Ceiling Fan(s)
    Property/Lot Information
    • Exterior Property Features: Balcony, Deck, Patio, Porch, Storms/Screens
    • New Construction YN: No
    • Rebuilt: No
    • Rehabilitated: Yes
    • Rehab Year: 2018
    • Built Before 1978: Yes
    • Age: 91-100 Years
    • Lot Size: Oversized Chicago Lot
    • Lot Dimensions: 26 X 125
    • Total # Units in Building: 4.0
    • Other Structures: Garage(s)
    • Waterfront: No
    • Exterior Building Type: Brick
    • Roof Type: Rubber, Flat
    • Foundation Details: Concrete Perimeter
    • General Information: None
    • North Coordinate: 2541
    • South Coordinate: 0
    • East Coordinate: 0
    • West Coordinate: 3700
    • Lot Size Source: Other
    • 3 Br Un In Bldg: Yes
    • Conversion: N
    Property and Assessments
    • Public Document Count: 3
    • Document Date: 2021-11-16T02:07:01
    • Photos Count: 19
    • Deconversion: N
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Income & Expenses
    • Electric Expense: $720.00
    • Fuel Expense: $780.00
    • Gross Income: $61,200.00
    • Electric Expense Source: Owner Projection
    • Trash Expense Source: Owner Projection
    • Trash Expense Year: 1200
    • Water Expense Source: Owner Projection
    • Water Sewer Expense: $1,200.00
    Unit 1
    • Unit Type Actual Rent: $600.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 1
    • Lease Expiration Date: MTM
    Unit 2
    • Unit Type Actual Rent: $1,400.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 2
    • Lease Expiration Date: MTM
    Unit 3
    • Unit Type Actual Rent: $1,400.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 3
    • Lease Expiration Date: MTM
    Unit 4
    • Unit Type Actual Rent: $1,700.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 4
    • Lease Expiration Date: N/A

    Property History for 2541 North Ridgeway Avenue

    DateEvent & SourcePriceAppreciation
    Jan 20, 2022

    Sold

    MRED #11281287

    $800,000—
    Jan 16, 2022

    Sold (Public Record)

    Public Record #1485059290

    $800,000—
    Jan 13, 2022

    Pending

    MRED #11281287

    —
    DateEvent & SourcePrice
    01/20/2022

    Sold

    MRED #11281287

    $800,000
    01/16/2022

    Sold (Public Record)

    Public Record #1485059290

    $800,000
    01/13/2022

    Pending

    MRED #11281287

    —

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

    Public Records for 2541 North Ridgeway Avenue

    Taxable ValueLand$14,138Additions$64,863Total$79,001
    Tax Record2023$18,211 ($1,518 / month)
    Home Facts
    Baths4Total Finished SqFt5,212 SqFtAbove Grade Finished SqFt5,212 SqFtStories3Lot Size3,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1923CountyCOOKAPN13-26-320-012

    Schools near 2541 North Ridgeway Avenue

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

    Aspira Charter - Bus and Fin
    Charter9 to 12

    Antonia Pantoja High School
    Charter9 to 12

    ASPIRA Charter - Early College Pr
    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.

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    Listing Courtesy of Jameson Sotheby's Intl Realty

    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 01/20/2022 03:59 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.