Sold
Last Sold Price
7 beds4,600 sqft

2932 N Ridgeway Ave, Chicago, IL 60618

Multi FamilyProperty Type
0.08 acresLot Size
2002Year Built
$189/sq ftPrice per sq ft
2 carsParking Spaces

Description

Opportunity to purchase a 2002 construction 3 flat on boarder of Avondale and Logan Square in an up and coming area with (2) 2bd/2bath units and (1) 3bed/3bath duplex. All units have front and rear balconies, in-unit laundry, fireplaces, and spacious layouts. 2 car garage. Steel balconies. 4600 SF of living space with $6300/month in rents currently. Offered at a 6.4% CAP with room to grow the rents with more modern upgrades. 0.9 miles north of Logan Square Blue Line stop. 0.8 miles from Belmont Blue...Opportunity to purchase a 2002 construction 3 flat on boarder of Avondale and Logan Square in an up and coming area with (2) 2bd/2bath units and (1) 3bed/3bath duplex. All units have front and rear balconies, in-unit laundry, fireplaces, and spacious layouts. 2 car garage. Steel balconies. 4600 SF of living space with $6300/month in rents currently. Offered at a 6.4% CAP with room to grow the rents with more modern upgrades. 0.9 miles north of Logan Square Blue Line stop. 0.8 miles from Belmont Blue Line stop. Newer built property with good cash flow and upside in rapidly improving area.
  • Listed by: Edward Liss 630.251.4110 ejliss2@gmail.com; edward@tritonrealtygroupllc.com • Triton Realty Group LLC
Listing closed: 03/30/2020 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 10640120
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Property Information for 2932 North Ridgeway Avenue

Property Details

  • Taxes: $11,249 / year
  • MLS Type: Two to Four Units / 3 Flat
  • County: Cook County
  • Area: CHI - Avondale
  • 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
  • Zoning: MULTI

Building Information

  • Residences: 3
  • Year Built: 2002
  • Lot Size: 0.08 AC / 3,484 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
Taxes and HOA Information
  • Additional Parcels: No

Property Information

Interior Features
  • Num Of Rooms: 17
  • Bedrooms Total: 7
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 7
  • Basement Description: Finished
  • # Full Baths in Building: 7
  • # Half Baths in Building: 0
  • Num of Baths: 7.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2002
  • Built Before 1978: No
  • Age: 16-20 Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 3675 SF
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Rubber
  • General Information: None
  • North Coordinate: 2900
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 3600
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 0
  • Photos Count: 14
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No

Multi Family

Income & Expenses
  • Electric Expense: $306.00
  • Fuel Expense: $.00
  • Gross Income: $75,600.00
  • Insurance Expense: $1,202.00
  • Maintenance Expense: $900.00
  • Manager Expense: $.00
  • Electric Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Manager Expense Source: AC
  • Other Addl Income: Garage/s
  • Other Expense Source: Broker Projection
  • Repairs-Decor Expense Source: Broker Projection
  • Trash Expense Source: Actual
  • Trash Expense Year: 2019
  • Water Expense Source: Actual
  • Net Operating Income: $57,042.00
  • Professional Management Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $1,582.00
  • Other Expenses $: 1050
Unit 1
  • Unit Type Actual Rent: $2,000.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Total Sq Ft - Unit 1: 1200
  • Floor # - Unit 1: 3
  • # Of Rooms - Unit 1: 5
  • # Half Baths-Unit 1: 0
  • # Full Baths-Unit 1: 2
  • Appliances/Features Unit 1: Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Gas, Fireplace-Wood, Laundry Hook-Up, Hardwood Floors
  • Sec Deposit $ - Unit 1: TBD
  • Tenant Pays - Unit 1: Electric, Gas, Heat
Unit 2
  • Unit Type Actual Rent: $1,800.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Total Sq Ft - Unit 2: 1200
  • Floor # - Unit 2: 2
  • # Of Rooms - Unit 2: 5
  • # Half Baths-Unit 2: 0
  • # Full Baths-Unit 2: 2
  • Appliances/Features Unit 2: Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Gas, Fireplace-Wood, Laundry Hook-Up, Hardwood Floors
  • Sec Deposit $ - Unit 2: TBD
  • Tenant Pays - Unit 2: Electric, Gas, Heat
Unit 3
  • Unit Type Actual Rent: $2,500.00
  • Unit Type Baths Total: 3
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Total Sq Ft - Unit 3: 2200
  • Floor # - Unit 3: 1
  • # Of Rooms - Unit 3: 7
  • # Half Baths-Unit 3: 0
  • # Full Baths-Unit 3: 3
  • Appliances/Features Unit 3: Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Gas, Fireplace-Wood, Laundry Hook-Up, Hardwood Floors
  • Sec Deposit $ - Unit 3: TBD
  • Tenant Pays - Unit 3: Electric, Gas, Heat

Property History for 2932 North Ridgeway Avenue

DateEvent & SourcePriceAppreciation
Mar 30, 2020

Sold

MRED #10640120

$870,000—
Mar 20, 2020

Sold (Public Record)

Public Record #666033031

$870,000

+2.4% / yr

Mar 2, 2020

Pending

MRED #10640120

—
DateEvent & SourcePrice
03/30/2020

Sold

MRED #10640120

$870,000
03/20/2020

Sold (Public Record)

Public Record #666033031

$870,000

+2.4% / yr

03/02/2020

Pending

MRED #10640120

—

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

Public records

2932 North Ridgeway Avenue

Baths

3.5

Total Finished SqFt

3,702 SqFt

Above Grade Finished SqFt

3,702 SqFt

Stories

3

Lot Size

3,675 SqFt

Style

Multi-Family Res (5+ Units)

Schools near 2932 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
Garcia Lorca 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.

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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 Triton Realty Group 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 05/05/2021 08:51 AM. 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.