Last Sold Price
4 beds2,400 sqft$293/sqft
2844 N Ridgeway Ave, Chicago, IL 60618

Description

Incredible investment opportunity in the Avondale neighborhood with a 7% cap rate. This charming 2 unit building with non-conforming garden unit is the perfect low-maintenance property having recently undergone extensive renovations. Each unit features 2 bedrooms, 1 bath with updated white kitchens, stainless steel appliances and granite countertops. Second floor unit has private washer / dryer while unit 1 and garden share laundry in the pristine lower level common area. Enclosed lot with fresh...Incredible investment opportunity in the Avondale neighborhood with a 7% cap rate. This charming 2 unit building with non-conforming garden unit is the perfect low-maintenance property having recently undergone extensive renovations. Each unit features 2 bedrooms, 1 bath with updated white kitchens, stainless steel appliances and granite countertops. Second floor unit has private washer / dryer while unit 1 and garden share laundry in the pristine lower level common area. Enclosed lot with fresh landscaping, beautiful backyard and 2 car detached garage. Steps away from public transportation, restaurants and shopping. You don't want to miss this!
LISTING CLOSED: 04/12/2022 12:00 AM

  1. Listed by Ivan Madera • Jameson Sotheby's Int'l Realty
    P: (305) 720-8003 imadera@jamesonsir.com
  2. Listed by Stephanie Juckem • Jameson Sotheby's Int'l Realty
    P: (630) 777-5638 sjuckem@jamesonsir.com

Sold By eXp Realty, LLC

Property Details for 2844 North Ridgeway Avenue

Status
MLS #
11341693
Days on Market
7
Taxes
$6,997 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Two to Four Units / 2 Flat
Year Built
-
Lot Size
0.07 AC / 3,125 SF
Area
CHI - Avondale
Subdivision
Avondale Estates
Township
Jefferson
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Cars
2.0
Parking Included in Price
Yes
Heat/Fuel
Radiator(s), Sep Heating Systems - 2+, Indv Controls
Zoning
MULTI

Recent comparable sales

Median sold price

$615,000

Avg days on market

17

Sale-to-list ratio

100.8%

Chicago, IL

9 comparable properties found

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1

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Bedrooms
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Square Feet
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Acres
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Square Feet
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Acres
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Square Feet
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Acres
$495,000 | 2323 North Kilbourn Avenue, Chicago, IL 60639
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Bedrooms
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Square Feet
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Acres
a front view of a house
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Sold 07/07/26

4
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Square Feet
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Acres
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1/49
8

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Sold 12/10/25

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Square Feet
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Acres
a front view of a building with garden and plants
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9

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Sold 05/16/25

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Bedrooms
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Square Feet
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Acres

Location

Add your commute

Building Information for 2844 North Ridgeway Avenue

Stories-Residences2Year Built-Building Size-Lot Size0.07 AC / 3,125 SF

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$4,160 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,577

Property Taxes

$583

HOA Dues

$0

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Property Information for 2844 North Ridgeway Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • 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
Property Information
Interior Features
  • Num Of Rooms: 12
  • Bedrooms Total: 4
  • Bedrooms (Below Grade): 0
  • Community Features: Water Rights, Curbs, Gated, Sidewalks, Street Lights, Street Paved
  • Bath Amenities: Separate Shower,European Shower
  • Basement Type: Full
  • Bedrooms Possible: 4
  • Basement Description: Finished, Exterior Access
  • # Full Baths in Building: 2
  • # Half Baths in Building: 0
  • Room Type: Enclosed Porch, Screened Porch, Utility Room-Lower Level
  • Num of Baths: 2.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
  • Other Equipment: CO Detectors, Ceiling Fan(s)
Property/Lot Information
  • Exterior Property Features: Storms/Screens, Breezeway
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2019
  • Built Before 1978: Yes
  • Age: Unknown
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 25X125
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding, Brick
  • Roof Type: Rubber, Flat
  • Foundation Details: Concrete Perimeter
  • General Information: None
  • North Coordinate: 2844
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 3676
  • 3 Br Un In Bldg: No
Property and Assessments
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 2
  • Document Date: 2022-03-08T23:12:32
  • Photos Count: 14
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $4,428.00
  • Gross Income: $65,364.00
  • Insurance Expense: $1,656.00
  • Electric Expense Source: Actual
  • Insurance Expense Source: Actual
  • Other Expense Source: Actual
  • Water Expense Source: Actual
  • Net Operating Income: $48,732.00
  • Water Sewer Expense: $1,128.00
  • Other Expenses $: 2424
Unit 1
  • Unit Type Actual Rent: $1,780.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 05/22
Unit 2
  • Unit Type Actual Rent: $2,037.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 06/22
Unit 3
  • Unit Type Actual Rent: $1,630.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3

Property History for 2844 North Ridgeway Avenue

DateEvent & SourcePriceAppreciation
Apr 12, 2022

Sold

MRED #11341693

$703,751
Mar 14, 2022

Pending

MRED #11341693

Mar 13, 2022

Contingent

MRED #11341693

DateEvent & SourcePrice
04/12/2022

Sold

MRED #11341693

$703,751
03/14/2022

Pending

MRED #11341693

03/13/2022

Contingent

MRED #11341693

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

Public Records for 2844 North Ridgeway Avenue

Taxable ValueLand$13,703Additions$40,298Total$54,001
Tax Record2023$9,925 ($827 / month)
Home Facts
Baths2Total Finished SqFt2,628 SqFtAbove Grade Finished SqFt2,628 SqFtStories2Lot Size3,150 SqFtStyleMulti-Family Res (5+ Units)Year Built1924CountyCOOKAPN13-26-127-033

Schools near 2844 North Ridgeway Avenue

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

Schurz High School
Public9 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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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 Jameson Sotheby's Int'l 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 04/13/2022 03:16 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.