2976 North Ridgeway Avenue

Chicago, IL 60618

$1,599,000
Price
11
Beds
7
Baths
1
1/2 Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

2022 Gut Rehab permits/plans/inspections. Low maintenance with Long term tenants. Low property tax. 2-car garage. Total building sq ft-5,800. Privacy fence. All units have tankless HW, washer/dryer, stainless appliances, hardwood floors, quartz countertops, Forced HVAC, new plumbing and 400amp Elec. service with sub-panels for each unit. New water service with booster pump. Two duplex (duplex up and duplex down) units and two simplex units (simplex units have a storage unit). 7-room Duplex-Up lives...2022 Gut Rehab permits/plans/inspections. Low maintenance with Long term tenants. Low property tax. 2-car garage. Total building sq ft-5,800. Privacy fence. All units have tankless HW, washer/dryer, stainless appliances, hardwood floors, quartz countertops, Forced HVAC, new plumbing and 400amp Elec. service with sub-panels for each unit. New water service with booster pump. Two duplex (duplex up and duplex down) units and two simplex units (simplex units have a storage unit). 7-room Duplex-Up lives like SFH: Main level features Liv. /Din. /Office/Powder Rm. /Coat closet/ Mudroom (bench/coat hooks) and custom kitchen with upgraded appliances and 3 bed/2bath w/ ensuite bath (both baths have heated floors), multiple built out closets and laundry. Right off bustling Milwaukee Ave. 6.7 Cap rate
  1. Listed by Anthony Araque • Chicagoland Brokers, Inc.

Property Details for 2976 North Ridgeway Avenue

Area
CHI - Avondale
Township
Jefferson
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Heat/Fuel
Natural Gas
LISTING UPDATED: 11/04/2024 09:46 AM

Property Details for 2976 North Ridgeway Avenue

StatusActive
MLS #12185276
Days on Market41
Taxes$9,034 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1913
Lot Size0.08 AC / 3,425 SF
CountyCook County

Building Information for 2976 North Ridgeway Avenue

Stories-Residences4Year Built1913Building Size-Lot Size0.08 AC / 3,425 SF

Property Information for 2976 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), 7 Foot or more high garage door
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Property Information
Interior Features
  • Num Of Rooms: 24
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 11
  • Basement Description: Finished
  • # Full Baths in Building: 7
  • # Half Baths in Building: 1
  • Room Type: Den, Enclosed Porch, Utility Room-Lower Level
  • Num of Baths: 7.1
Utilities / Equipment
  • Sewer: Sewer-Public, Sewer-Storm
  • Water: Lake Michigan
Property/Lot Information
  • Exterior Property Features: Patio, Porch, Brick Paver Patio
  • New Construction YN: No
  • Rebuilt: Yes
  • Rebuilt Year: 2022
  • Rehabilitated: Yes
  • Rehab Year: 2022
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 25X137
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding
  • Roof Type: Asphalt, Metal
  • Foundation Details: Concrete Perimeter
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • North Coordinate: 2900
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 3400
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 38
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $960.00
  • Fuel Expense: $1,200.00
  • Gross Income: $126,600.00
  • Insurance Expense: $4,200.00
  • Electric Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Other Expense Source: Actual
  • Water Expense Source: Actual
  • Net Operating Income: $106,940.00
  • Professional Management Expense: $2,000.00
  • Water Sewer Expense: $1,758.00
  • Other Expenses $: 400
Unit 1
  • Unit Type Actual Rent: $2,550.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 3/25
Unit 2
  • Unit Type Actual Rent: $3,450.00
  • Unit Type Baths Total: 3
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 12/24
Unit 3
  • Unit Type Actual Rent: $1,600.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 10/24
Unit 4
  • Unit Type Actual Rent: $1,550.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Lease Expiration Date: 10/24

Property History for 2976 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 2976 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
Garcia Lorca Elementary School
PublicPK to 8

Schurz High School
Public9 to 12

Aspira Charter - Bus and Fin
Charter9 to 12

ASPIRA Charter - Early College Pr
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.

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2976 North Ridgeway Avenue is a multi-family home for sale in Chicago, IL 60618. This property was listed for sale on October 10, 2024 by Chicagoland Brokers, Inc., it's currently listed at $1,599,000. It has been on the market for a total of 41 days and was last sold on August 15, 2019. This listing's school district is Chicago Public Schools. Nearby schools include Garcia Lorca Elementary School, Schurz High School and Aspira Charter - Bus and Fin. 2976 North Ridgeway Avenue is a 11-bed, 7.5-bath, multi-family home built in 1913.

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 Chicagoland Brokers, Inc.

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 11/04/2024 09:46 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.