1500 North Ridgeway Avenue

Chicago, IL 60651

$449,000
Price
6
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Introducing a prime investment opportunity at 1500 N Ridgeway Ave, Chicago, IL - a meticulously maintained multi-family property located in the vibrant Humboldt Park neighborhood. This newly listed three-flat building is an ideal choice for those seeking a reliable source of rental income. The property comprises five spacious bedrooms and three well-appointed bathrooms, each unit featuring modern amenities including separate utilities, central air conditioning, and contemporary finishes. Additional...Introducing a prime investment opportunity at 1500 N Ridgeway Ave, Chicago, IL - a meticulously maintained multi-family property located in the vibrant Humboldt Park neighborhood. This newly listed three-flat building is an ideal choice for those seeking a reliable source of rental income. The property comprises five spacious bedrooms and three well-appointed bathrooms, each unit featuring modern amenities including separate utilities, central air conditioning, and contemporary finishes. Additional highlights include decks for outdoor enjoyment and a charming yard, enhancing the living experience for occupants. Currently, all units are occupied by dependable long-term tenants who wish to stay, making this a turnkey solution for investors. The building also offers the convenience of a two-car garage and is situated conveniently with easy access to public transportation. The Healy train station and North Ave & Central Park bus station are both within a short distance, facilitating commute around the city. Local amenities enhance this desirable location, with ALDI grocery store, George Westinghouse College Prep, Garfield Park Conservatory to the south and The '606' elevated park to the north all easily accessible, ensuring everyday needs and recreational activities are just a stone's throw away. Don't miss out on this exceptional offering in a sought-after area of Chicago. Schedule your viewing today to explore the potential of this attractive investment property. Act quickly, as it won't be available for long.
  1. Listed by Luis Saldana • Dwell

Property Details for 1500 North Ridgeway Avenue

Area
CHI - Humboldt Park
Township
Jefferson
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Heat/Fuel
Natural Gas, Forced Air
LISTING UPDATED: 12/13/2024 12:07 AM

Property Details for 1500 North Ridgeway Avenue

StatusActive
MLS #12222321
Days on Market11
Taxes$2,261 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built-
Lot Size0.07 AC / 3,125 SF
CountyCook County

Building Information for 1500 North Ridgeway Avenue

Stories-Residences3Year Built-Building Size-Lot Size0.07 AC / 3,125 SF

Property Information for 1500 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 On Site: true
  • Garage Type: Detached
  • Parking: Garage
Property Information
Interior Features
  • Num Of Rooms: 12
  • Bedrooms (Below Grade): 0
  • Basement Type: Full, Walkout
  • Bedrooms Possible: 6
  • Basement Description: Unfinished, Storage Space
  • # 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: 2018
  • Built Before 1978: Yes
  • Age: Unknown
  • Lot Size: Standard Chicago Lot
  • Lot Dimensions: 25X125
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Combination
  • General Information: None
  • North Coordinate: 1500
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 3750
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 7
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $1,200.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 6/25
Unit 2
  • Unit Type Actual Rent: $1,100.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 01/26
Unit 3
  • Unit Type Actual Rent: $1,200.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 05/25

Property History for 1500 North Ridgeway Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1500 North Ridgeway Avenue

Taxable ValueLand$3,720Additions$10,280Total$14,000
Tax Record2022$2,176 ($181 / month)
Home Facts
Baths3Total Finished SqFt2,244 SqFtAbove Grade Finished SqFt2,244 SqFtStories2Lot Size3,100 SqFtStyleMulti-Family Res (5+ Units)Year Built1878CountyCOOKAPN16-02-104-039

Schools near 1500 North Ridgeway Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 7 to 12
Charter - 9 to 12
Rating
School
Distance
Cameron Elementary School
PublicPK to 8

Orr Academy High School
Public9 to 12

Marine Leadership Academy - Ames
Public7 to 12

Pritzker College Prep
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.

Similar Homes

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Similar Sold Homes

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1500 North Ridgeway Avenue is a multi-family home for sale in Chicago, IL 60651. This property was listed for sale on December 7, 2024 by Dwell, it's currently listed at $449,000. It has been on the market for a total of 11 days and was last sold on May 15, 2006. This listing's school district is Chicago Public Schools. Nearby schools include Cameron Elementary School, Orr Academy High School and Marine Leadership Academy - Ames. 1500 North Ridgeway Avenue is a 6-bed, 3-bath, multi-family home.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Dwell

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. Based on information submitted to the MLS GRID as of 12/13/2024 12:07 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.