10618 Ridgemont Lane

Chicago Ridge, IL 60415

$635,000
Last Sold Price
14
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Attention investors, great opportunity to make some extra money, Rare Chicago 7 unit building fully occupied with all units featuring two bedrooms, full basement, laundry facility, storage lockers, and 21 parking spots.Attention investors, great opportunity to make some extra money, Rare Chicago 7 unit building fully occupied with all units featuring two bedrooms, full basement, laundry facility, storage lockers, and 21 parking spots.
  1. Listed by Anna Walus • United Real Estate Elite

Sold By Chicagoland Brokers, Inc

Property Details for 10618 Ridgemont Lane

Area
Chicago Ridge
Township
Worth
Num Of Parking Spaces
21.0
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 02/25/2022 02:26 PM

Property Details for 10618 Ridgemont Lane

StatusClosed
MLS #11177915
Days on Market206
Taxes$15,500 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1978
Lot Size0.22 AC / 9,583 SF
CountyCook County

Location

Add your commute

Building Information for 10618 Ridgemont Lane

Stories-Residences7Year Built1978Building Size-Lot Size0.22 AC / 9,583 SF

Payment Calculator

$4,757 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,465

Property Taxes

$1,292

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 10618 Ridgemont Lane

General Information
Location and General Information
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Gas
  • Num of Baths: 0.0
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity
  • Built Before 1978: No
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Flats
  • Lot Dimensions: 9,860
  • Stories: 3
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 6
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $1,000.00
  • Fuel Expense: $2,800.00
  • Gross Income: $74,280.00
  • Gross Scheduled Income: $74,280.00
  • Insurance Expense: $3,000.00
  • Maintenance Expense: $500.00
  • Janitor Expense: 1200
  • Total Monthly Income: 6190
  • Net Operating Income: $43,770.00
  • Operating Expense: $30,450.00
  • Other Expense: $450.00
  • Trash Expense: $900.00
  • Water Sewer Expense: $5,100.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
  • # Of Rooms - Unit 1: 4
  • # Of Full Bthrms - Type 1: 1
  • Monthly Income - 1: 950
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
  • # Of Rooms - Unit 2: 4
  • # Of Full Bthrms - Type 2: 1
  • Monthly Income - 2: 940
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
  • # Of Rooms - Unit 3: 4
  • # Of Full Bthrms - Type 3: 1
  • Monthly Income - 3: 920
  • Monthly Income Max - 3: 920
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
  • # Of Rooms - Unit 4: 4
  • # Of Full Bthrms - Type 4: 1
  • Monthly Income - 4: 900
  • Monthly Income Max - 4: 900
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
  • # Of Rooms - Unit 5: 4
  • # Of Full Bthrms - Type 5: 1
  • Monthly Income - 5: 880
  • Monthly Income Max - 5: 880
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 1
  • # Of Full Bthrms - Type 6: 1
  • Monthly Income - 6: 800
  • Monthly Income Max - 6: 800
Unit 7
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 1
  • # Of Rooms - Unit 7: 4
  • # Of Full Bthrms - Type 7: 1
  • Monthly Income - 7: 800
  • Monthly Income Max - 7: 800

Property History for 10618 Ridgemont Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 10618 Ridgemont Lane

Taxable ValueLand$7,888Additions$40,415Total$48,303
Tax Record2022$18,925 ($1,577 / month)
Home Facts
Baths7Total Finished SqFt7,068 SqFtAbove Grade Finished SqFt7,068 SqFtStories3Lot Size9,860 SqFtStyleMulti-Family Res (5+ Units)Year Built1978CountyCOOKAPN24-17-220-018

Schools near 10618 Ridgemont Lane

This home is within Chsd 218 School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ridge Lawn Elementary School
PublicPK to 5

Elden D Finley Jr High School
Public6 to 8

H L Richards High Sch(Campus)
Public9 to 12

Delta Learning Center
Public9 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of United Real Estate Elite

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.