Sold
Last Sold Price
8 beds
5791 N Ridge Ave, Chicago, IL 60660
Multi FamilyProperty Type
0.09 acresLot Size
1932Year Built
2 carsParking Spaces

Description

Rare Investment Opportunity in Edgewater! Welcome to 5791 N Ridge Ave - a beautifully maintained legal 4-unit brick building offering strong rental income and long-term value. With extensive updates throughout, this is a true turnkey property ideal for both seasoned investors and first-time multi-unit buyers. The building features three spacious 2 bed / 2 bath units, plus a 2 bed / 1 bath garden apartment. Each unit offers hardwood floors, stylish kitchens, updated bathrooms, in-unit laundry. 1st,...Rare Investment Opportunity in Edgewater! Welcome to 5791 N Ridge Ave - a beautifully maintained legal 4-unit brick building offering strong rental income and long-term value. With extensive updates throughout, this is a true turnkey property ideal for both seasoned investors and first-time multi-unit buyers. The building features three spacious 2 bed / 2 bath units, plus a 2 bed / 1 bath garden apartment. Each unit offers hardwood floors, stylish kitchens, updated bathrooms, in-unit laundry. 1st, 2nd, and 3rd floor each has a gas fireplace and individual mechanicals. Major capital improvements include: 2010 full remodel: new electrical, plumbing, building & garage roofs, 4 boilers, 4 A/C units, and all new appliances Furnace upgrades: 3rd floor (2010), basement (2011), 2nd floor (2013) Ongoing updates: dishwashers, microwaves, washers/dryers, hot water heater (2022), garage tuckpointing (2011), masonry repairs (2023) Iron fence (2016) adds curb appeal and privacy Located in Edgewater, a highly desireable communite with public transportation, shops, and restaurants. Currently, the building is self-managed, and the saving is then passed on to the tenants. The current rent is below market value because tenants are long-time, stable tenants. A rare opportunity to own an income-producing asset in one of Chicago's consistent North Side rental markets. Don't miss it!

    Sold By Virtue Realty, LLC

    • Listed by: Sharon Luo 847.922.3284 sharonluo@remax.net • RE/MAX Suburban
    Listing closed: 08/12/2025 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 12381656

    Location

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    OriginPoint Mortgage or Rocket Mortgage1

    $7,873 per month

    30 year fixed, 6.71% Interest

    Principal and Interest

    $6,976

    Property Taxes

    $897

    HOA Dues

    $0

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    Property Information for 5791 North Ridge Avenue

    Property Details
    • Taxes: $10,760 / year
    • MLS Type: Two to Four Units / 4 Flat
    • County: Cook County
    • Area: CHI - Edgewater
    • Township: Lake View
    • Ownership: Fee Simple
    • Num Of Garage Spaces: 2.0
    • Heat/Fuel: Forced Air
    • Zoning: MULTI
    Building Information
    • Residences: 4
    • Year Built: 1932
    • Lot Size: 0.09 AC / 3,750 SF
    General Information
    School Information
    • Elementary School District: 299
    • High School District: 299
    • Middle Or Junior School District: 299
    Addtl Parking Information
    • Parking Details: On Site, Detached, Garage
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • Num Of Rooms: 25
    • Bedrooms Total: 8
    • Bedrooms (Below Grade): 0
    • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
    • Basement Type: Partially Finished, Exterior Entry, Partial
    • Bedrooms Possible: 8
    • # Full Baths in Building: 7
    • # Half Baths in Building: 0
    • Num of Baths: 7.0
    Utilities / Equipment
    • Sewer: Sewer-Public
    • Water: Lake Michigan
    Property/Lot Information
    • New Construction YN: No
    • Rebuilt: No
    • Rehabilitated: Yes
    • Rehab Year: 2010
    • Built Before 1978: Yes
    • Age: 91-100 Years
    • Lot Size: Standard Chicago Lot
    • Lot Dimensions: 30X125
    • Total # Units in Building: 4.0
    • Waterfront: No
    • Exterior Building Type: Brick, Other
    • Construction: Brick, Other
    • General Information: None
    • North Coordinate: 5700
    • South Coordinate: 0
    • East Coordinate: 0
    • West Coordinate: 1400
    • 3 Br Un In Bldg: No
    Property and Assessments
    • Public Document Count: 0
    • Photos Count: 33
    • OpenHouse Count: 0
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Additional Media Type 1: 3D Tour
    Multi Family
    Unit 1
    • Unit Type Actual Rent: $2,270.00
    • Unit Type Baths Total: 2
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 1
    • Lease Expiration Date: MTM
    Unit 2
    • Unit Type Actual Rent: $2,300.00
    • Unit Type Baths Total: 2
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 2
    • Lease Expiration Date: 05/26
    Unit 3
    • Unit Type Actual Rent: $2,100.00
    • Unit Type Baths Total: 2
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 3
    • Lease Expiration Date: 04/26
    Unit 4
    • Unit Type Actual Rent: $1,450.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 4
    • Lease Expiration Date: 03/26

    Property History for 5791 North Ridge Avenue

    DateEvent & SourcePriceAppreciation
    Aug 12, 2025

    Sold (Public Record)

    Public Record #1910164255

    $1,350,000

    +8.4% / yr

    Aug 12, 2025

    Sold

    MRED #12381656

    $1,350,000
    Jun 9, 2025

    Pending

    MRED #12381656

    DateEvent & SourcePrice
    08/12/2025

    Sold (Public Record)

    Public Record #1910164255

    $1,350,000

    +8.4% / yr

    08/12/2025

    Sold

    MRED #12381656

    $1,350,000
    06/09/2025

    Pending

    MRED #12381656

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

    Public Records for 5791 North Ridge Avenue

    Taxable ValueLand$19,375Additions$57,625Total$77,000
    Tax Record2023$10,760 ($897 / month)
    Home Facts
    Baths4Total Finished SqFt3,843 SqFtAbove Grade Finished SqFt3,843 SqFtStories3Lot Size3,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1929CountyCOOKAPN14-05-312-010

    Schools near 5791 North Ridge Avenue

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

    Senn High School
    Public9 to 12

    Passages Elementary Charter School
    CharterK to 8

    Stone Elementary Scholastic Academy
    PublicK to 8

    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 RE/MAX Suburban

    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 08/12/2025 02:12 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.