Sold
Last Sold Price
9 beds
3414 N Ridgeway Ave, Chicago, IL 60618
Multi FamilyProperty Type
0.11 acresLot Size
1925Year Built
2 carsParking Spaces

Description

Come check out this legal 3-unit building in Avondale on an huge lot! The Property currently features (2) 3br/1ba above grade units & (1) 2br/1ba + office garden unit. Garden unit is rented at $1,600/mo MTM & 1st floor 3br/1ba unit is rented at $2,050/mo through 6/30/24 and includes both garage spaces. Top floor unit will be kept vacant but could easily be rented at $2,200/mo - making this the perfect opportunity for an investor or owner-user at a stabilized cap rate of 7.24% just by filling the...Come check out this legal 3-unit building in Avondale on an huge lot! The Property currently features (2) 3br/1ba above grade units & (1) 2br/1ba + office garden unit. Garden unit is rented at $1,600/mo MTM & 1st floor 3br/1ba unit is rented at $2,050/mo through 6/30/24 and includes both garage spaces. Top floor unit will be kept vacant but could easily be rented at $2,200/mo - making this the perfect opportunity for an investor or owner-user at a stabilized cap rate of 7.24% just by filling the vacancy! The well-maintained building features off-street parking in front of the Property and a two-car garage in the rear of the Property. The Property features a newer roof overlay on the building and the garage (both completed in 2018). The Property also has newer electrical services and four (4) new water heaters have been installed over the last 2-3 years. Additionally, the Property has an on-site laundry facility and a flood control system in the front of the building.

    Sold By Pearson Realty Group

    • Listed by: John Preston 312.533.8899 jpreston@htapartments.com • Horvath & Tremblay IL, LLC
    Listing closed: 12/26/2023 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 11899569

    See It First™ on Compass

    Find homes before they're listed on other real estate sites.

    Start your search

    Recent comparable sales

    Median sold price

    $700,000

    Avg days on market

    23

    Sale-to-list ratio

    99.6%

    Chicago, IL

    9 comparable properties found

    $750,000 | 3244 North Hamlin Avenue, Chicago, IL 60618
    1/23
    1

    $750,000

    Sold 10/01/25

    9
    Bedrooms
    Unavailable
    Square Feet
    0.09
    Acres
    $725,000 | 2416 North Avers Avenue, Chicago, IL 60647
    1/32
    2

    $725,000

    Sold 07/18/25

    9
    Bedrooms
    Unavailable
    Square Feet
    0.10
    Acres
    $572,500 | 4746 West Patterson Avenue, Chicago, IL 60641
    1/37
    3

    $572,500

    Sold 02/21/25

    9
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres
    a view of a house with wooden deck and a tree
    1/40
    4

    $685,000

    Sold 10/20/25

    9
    Bedrooms
    Unavailable
    Square Feet
    0.11
    Acres
    front view of a brick building
    1/31
    5

    $650,000

    Sold 08/19/26

    9
    Bedrooms
    Unavailable
    Square Feet
    0.09
    Acres
    a view of front door and porch
    1/25
    6

    $700,000

    Sold 05/05/26

    9
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres
    a front view of a building with a yard
    1/40
    7

    $725,000

    Sold 11/21/24

    9
    Bedrooms
    Unavailable
    Square Feet
    0.09
    Acres
    $740,000 | 3104 North Davlin Court, Chicago, IL 60618
    1/48
    8

    $740,000

    Sold 06/25/26

    9
    Bedrooms
    Unavailable
    Square Feet
    0.09
    Acres
    $685,000 | 3072 North Haussen Court, Chicago, IL 60618
    1/36
    9

    $685,000

    Sold 08/08/25

    8
    Bedrooms
    2,500
    Square Feet
    0.1
    Acres

    Location

    Add your commute

    Payment Calculator

    Get preapproved with
    OriginPoint Mortgage or Rocket Mortgage1

    $4,691 per month

    30 year fixed, 7.03% Interest

    Principal and Interest

    $3,844

    Property Taxes

    $847

    HOA Dues

    $0

    The Payment Calculator is for illustrative purposes only.

    Know your buying power with a preapproval and custom rate in minutes

    Rocket Mortgage1

    Property Information for 3414 North Ridgeway Avenue

    Property Details
    • Taxes: $10,165 / 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
    • Heat/Fuel: Natural Gas, Radiator(s), Sep Heating Systems - 2+, Floor Furnace
    Building Information
    • Residences: 3
    • Year Built: 1925
    • Lot Size: 0.11 AC / 4,791 SF
    General Information
    School Information
    • Elementary School District: 130
    • High School District: 130
    • Middle Or Junior School District: 130
    Addtl Parking Information
    • Garage On Site: true
    • Garage Ownership: Owned
    • Garage Type: Detached
    • Parking: Garage
    Property Information
    Interior Features
    • Num Of Rooms: 17
    • Bedrooms Total: 9
    • Bedrooms (Below Grade): 0
    • Basement Type: Full
    • Bedrooms Possible: 9
    • Basement Description: Finished
    • # Full Baths in Building: 3
    • # Half Baths in Building: 0
    • Num of Baths: 3.0
    Utilities / Equipment
    • Sewer: Sewer-Public
    • Water: Lake Michigan
    Property/Lot Information
    • New Construction YN: No
    • Rebuilt: No
    • Rehabilitated: Yes
    • Rehab Year: 2022
    • Built Before 1978: Yes
    • Age: 91-100 Years
    • Lot Size: Less Than .25 Acre
    • Lot Dimensions: 4687SF
    • Total # Units in Building: 3.0
    • Waterfront: No
    • Exterior Building Type: Brick
    • General Information: None
    • North Coordinate: 3400
    • South Coordinate: 0
    • East Coordinate: 0
    • West Coordinate: 3700
    • 3 Br Un In Bldg: Yes
    Property and Assessments
    • Public Document Count: 2
    • Document Date: 2023-10-03T16:05:40
    • Photos Count: 26
    • OpenHouse Count: 0
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Income & Expenses
    • Electric Expense: $450.00
    • Fuel Expense: $.00
    • Gross Income: $46,200.00
    • Insurance Expense: $3,200.00
    • Maintenance Expense: $2,000.00
    • Electric Expense Source: Owner Projection
    • Fuel Expense Source: Actual
    • Insurance Expense Source: Owner Projection
    • Other Addl Income: Coin Laundry
    • Other Expense Source: Broker Projection
    • Repairs-Decor Expense Source: Broker Projection
    • Trash Expense Source: Actual
    • Water Expense Source: Owner Projection
    • Net Operating Income: $27,685.00
    • Professional Management Expense: $.00
    • Trash Expense: $.00
    • Water Sewer Expense: $2,200.00
    • Other Expenses $: 500
    Unit 1
    • Unit Type Actual Rent: $1,600.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 1
    • Lease Expiration Date: 00/00
    Unit 2
    • Unit Type Actual Rent: $2,050.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 2
    • Lease Expiration Date: 6/24
    Unit 3
    • Unit Type Actual Rent: $.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 3
    • Lease Expiration Date: 0

    Property History for 3414 North Ridgeway Avenue

    DateEvent & SourcePriceAppreciation
    Dec 26, 2023

    Sold

    MRED #11899569

    $720,000—
    Dec 4, 2023

    Sold (Public Record)

    Public Record #1524624415

    $720,000

    +15.8% / yr

    Oct 17, 2023

    Pending

    MRED #11899569

    —
    DateEvent & SourcePrice
    12/26/2023

    Sold

    MRED #11899569

    $720,000
    12/04/2023

    Sold (Public Record)

    Public Record #1524624415

    $720,000

    +15.8% / yr

    10/17/2023

    Pending

    MRED #11899569

    —

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

    Public Records for 3414 North Ridgeway Avenue

    Taxable ValueLand$20,389Additions$36,612Total$57,001
    Tax Record2023$10,429 ($869 / month)
    Home Facts
    Baths2Total Finished SqFt2,784 SqFtAbove Grade Finished SqFt2,784 SqFtStories2Lot Size4,687 SqFtStyleMulti-Family Res (5+ Units)Year Built1924CountyCOOKAPN13-23-313-034

    Schools near 3414 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
    Reilly Elementary School
    PublicPK to 8

    Schurz High School
    Public9 to 12

    ASPIRA Charter - Early College Pr
    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

    Similar Homes

    New listings in 60618

    $675,000 | 3515 West School Street, Chicago, IL 60618
    1/39
    Listed By @properties

    $675,000

    7
    Bedrooms
    2,376
    Square Feet
    0.07
    Acres
    $529,900 | 3329 North Whipple Street, Unit 1, Chicago, IL 60618
    1/29

    $529,900

    2
    Bedrooms
    1,343
    Square Feet
    See It FirstSotheby's Realty Coming Soon

    $535,000

    2
    Bedrooms
    1,900
    Square Feet
    0.02
    Acres
    $780,000 | 3620 North Whipple Street, Chicago, IL 60618
    1/37
    Virtual Tour

    $780,000

    3
    Bedrooms
    Unavailable
    Square Feet
    0.09
    Acres
    $1,700,000 | 2220 West Fletcher Street, Chicago, IL 60618
    1/24

    $1,700,000

    5
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres
    $649,000 | 2847 North Damen Avenue, Unit 2, Chicago, IL 60618
    1/13

    $649,000

    2
    Bedrooms
    Unavailable
    Square Feet
    $2,395,000 | 4363 North Lincoln Avenue, Chicago, IL 60618
    1/34

    $2,395,000

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.06
    Acres
    $299,000 | 2314 West Byron Street, Unit 1, Chicago, IL 60618
    1/13

    $299,000

    2
    Bedrooms
    Unavailable
    Square Feet
    $1,185,000 | 2818 North Drake Avenue, Chicago, IL 60618
    1/22

    $1,185,000

    8
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres

    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 Horvath & Tremblay IL, 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 12/27/2023 09:32 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.