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CondominiumResidential

7240 N Ridge Blvd

CHICAGO, IL 60645
0.24 ac
Lot SizeThe size of the land the home sits on, from county records.
1962
Year BuiltThe year the home was originally built, according to county records.
Built 196219 units700–1,300 ft²
$2.8M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$144K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$187
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

-45.8%vs the Chicago ZIP median sale $/ft² ($345)

Sales Performance

$169K
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
+101.2%
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
2
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
10.5%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
+3.5%per yeartypical hold 4.9 yrsfrom 11 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
20012003200820132016201920222026
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
20012003200820132016201920222026

31 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

Studio
8 units
1 bed
6 units
2 bed
4 units
4 bed
1 unit

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$90K–$90K
1 unit
$121K–$121K
1 unit
$131K–$148K
9 units
$149K–$166K
7 units
$246K–$246K
1 unit

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.26%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.47%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.12.2 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.17%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.36%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$147,853
Median tax billThe middle annual property tax bill among the building's units.$988
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.0

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit P4Sep 11, 2026$169,000Unit 305Sep 11, 2026$169,000Unit 101Mar 26, 2025$84,000Unit 302Jan 19, 2022$120,000Unit 205Dec 29, 2021$130,000Unit P6Dec 29, 2021$130,000Unit 304Aug 17, 2020$77,500Unit 205Jan 3, 2019$115,000Unit P6Jan 3, 2019$115,000Unit 201Oct 3, 2017$70,000

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.35
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
1
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
67
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
68
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
40
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyCOOK
Lot (acres)The size of the land the home sits on, from county records.0.24
HeatingThe type of heating system in the home.Baseboard
CoolingThe type of cooling or air conditioning in the home.Window A/C
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
G. Armstrong Elementary SchoolB-
Elementary · Grades PK–8 · 0.2 mi
H
Sullivan High SchoolF
High · Grades 9–12 · 1.1 mi

District: Chicago Public School District 299

Neighborhood · ZIP 60645These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.80
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.110
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.42

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.94%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.27%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.17%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.8%
PopulationHow many people live in this area.46,205
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.20,325 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$74,021
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$99,652
Average tempThe average temperature here across a full year.49°F
Annual precipHow much rain and melted snow falls here in a typical year.37 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.54%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

7240 N Ridge Blvd # P2
$144K
7240 N Ridge Blvd # P3
$144K
7240 N Ridge Blvd # P4
$144K
7240 N Ridge Blvd # P5
2 bd · 1 ba
$149K
7240 N Ridge Blvd # P6
$144K
7240 N Ridge Blvd # P7
4 bd
$149K
7240 N Ridge Blvd # 101
$90K
7240 N Ridge Blvd Apt 102
2 bd · 1 ba · 1,300 ft²
$246K
7240 N Ridge Blvd # 103
1 bd · 1 ba · 800 ft²
$148K
7240 N Ridge Blvd # 201
1 bd · 1 ba · 750 ft²
$153K
7240 N Ridge Blvd # 202
$142K
7240 N Ridge Blvd # 203
$156K
7240 N Ridge Blvd # 204
1 bd · 1 ba · 900 ft²
$144K
7240 N Ridge Blvd # 205
2 bd · 1 ba
$162K
7240 N Ridge Blvd # 301
1 bd · 1 ba · 700 ft²
$150K
7240 N Ridge Blvd # 302
2 bd · 1 ba
$166K
7240 N Ridge Blvd # 303
1 bd · 1 ba · 850 ft²
$121K
7240 N Ridge Blvd # 304
1 bd · 1 ba
$131K
7240 N Ridge Blvd # 305
$133K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 7240 N Ridge Blvd

How many units are in 7240 N Ridge Blvd, Chicago, IL?

7240 N Ridge Blvd, Chicago, IL has 19 residential units across built in 1962, according to county assessor records.

What is a unit at 7240 N Ridge Blvd, Chicago, IL worth?

The median TopHap Estimate across the 19 units at 7240 N Ridge Blvd, Chicago, IL is $144,158. That works out to $187 per square foot. Units run from 700 to 1,300 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 7240 N Ridge Blvd, Chicago, IL expensive for Chicago?

Units at 7240 N Ridge Blvd, Chicago, IL carry a median of $187 per square foot, 46% below the Chicago median of $345 per square foot.

How often do units sell at 7240 N Ridge Blvd, Chicago, IL?

2 units at 7240 N Ridge Blvd, Chicago, IL sold in the last 12 months, out of 31 recorded arms-length sales all time. That is a turnover rate of 10.5% of the building per year. The median sale over that period was $169K.

Have units at 7240 N Ridge Blvd, Chicago, IL appreciated?

Across 11 repeat sales of the same unit, 7240 N Ridge Blvd, Chicago, IL returned a median 3.5% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 4.9 years.

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