Sold
Last Sold Price
4 beds2,400 sqft
2844 N Ridgeway Ave, Chicago, IL 60618
Multi FamilyProperty Type
0.07 acresLot Size
$293/sq ftPrice per sq ft
2 carsParking Spaces

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!

    Sold By eXp Realty, LLC

    • Listed by: Ivan Madera 305.720.8003 imadera@jamesonsir.com • Jameson Sotheby's Int'l Realty
    • Listed by: Stephanie Juckem 630.777.5638 sjuckem@jamesonsir.com • Jameson Sotheby's Int'l Realty
    Listing closed: 04/12/2022 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 11341693

    Recent comparable sales

    Median sold price

    $620,000

    Avg days on market

    26

    Sale-to-list ratio

    101.3%

    Chicago, IL

    9 comparable properties found

    a view of a brick house with large windows
    1/32
    1

    $677,000

    Sold 04/23/26

    4
    Bedrooms
    2,195
    Square Feet
    0.07
    Acres
    a front view of a house with a garden
    1/47
    2

    $615,000

    Sold 08/01/25

    4
    Bedrooms
    2,300
    Square Feet
    0.07
    Acres
    a front view of a house with a yard
    1/49
    3

    $550,000

    Sold 12/22/25

    4
    Bedrooms
    2,150
    Square Feet
    0.07
    Acres
    front view of a building
    1/15
    4

    $625,000

    Sold 08/22/25

    4
    Bedrooms
    2,000
    Square Feet
    0.08
    Acres
    $495,000 | 2323 North Kilbourn Avenue, Chicago, IL 60639
    1/19
    5

    $495,000

    Sold 11/12/25

    4
    Bedrooms
    2,280
    Square Feet
    0.09
    Acres
    a front view of a house
    6

    $620,000

    Sold 07/07/26

    4
    Bedrooms
    2,000
    Square Feet
    0.07
    Acres
    a front view of a brick house with a yard
    1/48
    7

    $875,000

    Sold 12/10/25

    4
    Bedrooms
    2,576
    Square Feet
    0.08
    Acres
    a front view of a building with garden and plants
    1/19
    8

    $490,000

    Sold 05/16/25

    4
    Bedrooms
    2,226
    Square Feet
    0.11
    Acres
    a front view of a house with a garden and plants
    1/26
    9

    $680,000

    Sold 02/23/26

    4
    Bedrooms
    2,400
    Square Feet
    0.09
    Acres

    Location

    Add your commute

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    $4,220 per month

    30 year fixed, 6.71% Interest

    Principal and Interest

    $3,637

    Property Taxes

    $583

    HOA Dues

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    Property Information for 2844 North Ridgeway Avenue

    Property Details
    • Taxes: $6,997 / year
    • MLS Type: Two to Four Units / 2 Flat
    • County: Cook County
    • 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
    Building Information
    • Residences: 2
    • Lot Size: 0.07 AC / 3,125 SF
    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.