5050 North Ridgeway Avenue

Chicago, IL 60625

$930,000
Last Sold Price
8
Beds
6
Baths
4,200 Sq. Ft.
$221 / Sq. Ft.
4,200
Sq. Ft.
$221
per Sq. Ft.

Description

Great investment opportunity or live in one unit and rent the other two! This legal 3-unit building was luxuriously rehabbed, everything is new inside the brick exterior. Located on a cul-de-sac in a high desirable, rapidly developing location next to the River and Eugene Park with only a 2-minute walk to public transportation. Super-wide lot with high elevation, waterproofed foundation, updated front yard with built-in step lighting and 3-car garage parking. The entire building was updated including...Great investment opportunity or live in one unit and rent the other two! This legal 3-unit building was luxuriously rehabbed, everything is new inside the brick exterior. Located on a cul-de-sac in a high desirable, rapidly developing location next to the River and Eugene Park with only a 2-minute walk to public transportation. Super-wide lot with high elevation, waterproofed foundation, updated front yard with built-in step lighting and 3-car garage parking. The entire building was updated including the framing, parapet wall, roof, plumbing (including underground), HVAC & electric, insulation, drywall, doors & trim. Inside each unit features a grand chef's kitchen with stainless steel appliances, white shaker cabinets, gray/white quartz counter-tops, and eat-in kitchen island. Well thought out floorplan with high ceilings and lots of storage. Two of the units are 3 bedrooms with 2 bathrooms and one 2 bedroom with 2 bathrooms. Each unit features a master suite including custom ceiling designs & millwork, ambient lighting, and a grand en-suite with double vanities, free standing tubs, and walk-in showers with rainfall & body jets. The other bed and bathrooms were equally updated, as was the living room with custom ceiling designs, modern wall fireplaces, and large windows that let in tons of natural light. Nice backyard with concrete patio perfect for pets and grilling. You will be amazed by the massive 600 sf garage that doubles as a tenant lounge/recreational room, and dedicated space for bar or tenant storage units. Video coming soon but we are able to show top floor and garden unit.
  1. Listed by Mark Keppy • @properties

Sold By MoHall Commerical & Urban Development

Property Details for 5050 North Ridgeway Avenue

Area
CHI - Albany Park
Township
Jefferson
Ownership
Fee Simple
Num Of Garage Spaces
3.0
Num Of Cars
3.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air, Indv Controls
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 05/05/2021 09:25 AM

Property Details for 5050 North Ridgeway Avenue

StatusClosed
MLS #10732130
Days on Market66
Taxes$7,658 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1922
Lot Size0.10 AC / 4,375 SF
CountyCook County

Location

Add your commute

Building Information for 5050 North Ridgeway Avenue

Stories-Residences3Year Built1922Building Size-Lot Size0.10 AC / 4,375 SF

Payment Calculator

$5,714 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,075

Property Taxes

$638

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5050 North Ridgeway Avenue

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), Transmitter(s), Heated, 7 Foot or more high garage door
  • 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: 20
  • Bedrooms (Below Grade): 0
  • Community Features: Park, Street Lights, Street Paved
  • Bath Amenities: Separate Shower,Double Sink,Full Body Spray Shower,Soaking Tub
  • Basement Type: Full
  • Bedrooms Possible: 8
  • Basement Description: Finished, Exterior Access
  • Basement Bathrooms: No
  • # Full Baths in Building: 6
  • # Half Baths in Building: 0
  • Num of Baths: 6.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • Exterior Property Features: Patio, Storms/Screens
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2019
  • Built Before 1978: Yes
  • Age: 91-100 Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 4375 SQFT
  • Total # Units in Building: 3.0
  • Waterfront: Yes
  • Exterior Building Type: Brick
  • General Information: None
  • North Coordinate: 5050
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 3800
  • 3 Br Un In Bldg: Yes
  • Conversion: N
Property and Assessments
  • Public Document Count: 2
  • Document Date: 2020-06-01T21:19:53
  • Photos Count: 59
  • Deconversion: N
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
  • Virtual Tour Date: 08-03-2020
Multi Family
Income & Expenses
  • Gross Income: $86,400.00
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: 1400
  • Floor # - Unit 1: 1
  • # Of Rooms - Unit 1: 6
  • # Half Baths-Unit 1: 0
  • # Full Baths-Unit 1: 2
  • Appliances/Features Unit 1: Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Artificial, Garage/Space, Laundry Hook-Up, Range Hood, Hardwood Floors
  • Sec Deposit $ - Unit 1: 2000
  • Tenant Pays - Unit 1: Electric, Gas, Parking
Unit 2
  • Unit Type Actual Rent: $2,500.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Total Sq Ft - Unit 2: 1400
  • Floor # - Unit 2: 2
  • # Of Rooms - Unit 2: 7
  • # Half Baths-Unit 2: 0
  • # Full Baths-Unit 2: 2
  • Appliances/Features Unit 2: Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Artificial, Garage/Space, Laundry Hook-Up, Range Hood, Hardwood Floors
  • Sec Deposit $ - Unit 2: 2500
  • Tenant Pays - Unit 2: Electric, Gas, Parking
Unit 3
  • Unit Type Actual Rent: $2,700.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Total Sq Ft - Unit 3: 1400
  • Floor # - Unit 3: 3
  • # Of Rooms - Unit 3: 7
  • # Half Baths-Unit 3: 0
  • # Full Baths-Unit 3: 2
  • Appliances/Features Unit 3: Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Fireplace-Artificial, Garage/Space, Laundry Hook-Up, Range Hood, Hardwood Floors
  • Sec Deposit $ - Unit 3: 2700
  • Tenant Pays - Unit 3: Electric, Gas, Parking

Property History for 5050 North Ridgeway Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 5050 North Ridgeway Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Volta Elementary School
PublicPK to 8

Roosevelt High School
Public9 to 12

Von Steuben Metro Science High School
Public9 to 12

ASPIRA Charter - Haugan Campus
Charter6 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.

Similar Homes

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Similar Sold Homes

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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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of @properties

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.