Commercial > Multi-family / Apartments
Active
3 weeks ago
List Price
$489,900
1540 Ridgeway Ave
Chicago, IL 60623
- 7Beds
- 3Baths
- 2,391ft²Living Area
- 3,125ft²Lot Size
- -Pool
- 2Car
- 1903Year Built
- 23DOM
- 5Permits
1540 Ridgeway Ave, Chicago, IL 60623 is a 7 bed, 3 bath, 2,391 ft² multi-family/apartments property built in 1903 on a 0.072 acre lot with 5 construction permits. This multi-family/apartments is currently for sale for $489,900, and it was last sold in 2010 for $18,000.
MLS Description
The listing agent's description. Original Listing
Welcome to a stunning 2025 full-gut rehabbed 2-flat located in the rapidly appreciating Lawndale neighborhood. Perfect for investors or owner-occupants looking for rental income, this property offers the perfect blend of modern finishes, functionality, and value. The first-floor duplex features 4 bedrooms and 2 full baths, offering generous living space ideal for larger households or higher rent potential. The second-floor unit includes 3 bedrooms and a full bath, perfect for an owner's unit or solid long-term tenant. Both units feature modern layouts, modern kitchens with quartz countertops, stainless steel appliances, new shaker cabinets, and designer bathrooms with contemporary tile and fixtures. Completely rebuilt from top to bottom with brand-new electrical (200-amp service), plumbing, HVAC, central air, roof, windows, and hardwood flooring. Exterior updates include fresh tuckpointing, rear deck, and fenced yard for added privacy. Separate utilities make this a true turnkey investment. Centrally located near Douglas Park, Kedzie Ave, and minutes to the expressway-this property is surrounded by ongoing development and community revitalization. Nothing to do but move in or rent out and start cash flowing. Schedule your showing today-this one won't last!
Listing Agents
The listing agent for 1540 Ridgeway Ave is Marcus Carter.
MC
Marcus Carter
Chicagoland Brokers, Inc.
Phone: (773) 745-1000
Permits
1540 Ridgeway Ave has 5 permit records.
Permit History
5
Permits
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2023$4,445.76From latest Total Assessed Value21.17%Total Assessed Value$20,999=Land+
Assessed Value$3,671Additions
Assessed Value$17,328
In 2023, taxes billed for 1540 Ridgeway Ave were $4,445.76, which is 21.17% from latest Total Assessed Value of $20,999.
Property History
1540 Ridgeway Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 1540 Ridgeway Ave
Hazard Risks
Tornado247Wind188Hail183Particulates155Weather122Air Pollution115Ozone114Nat'l Avg100Carb Mono99Lead57Earthquake44Hurricane10
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 1540 Ridgeway Ave.
Walkability Index
13 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
1540 Ridgeway Ave has a walkability score of 13 out of 20, which means that it is in a somewhat walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
19°F
High
34°F
Summer
Average
Low
62°F
High
82°F
In the winter at 1540 Ridgeway Ave, temperatures range from 19.44°F to 34.02°F with an average of 26.73°F. In the summer, the temperature ranges from 62.29°F to 81.66°F with and average of 71.98°F.
School Information
Public/private schools serving 1540 Ridgeway Ave
Public Schools
Farragut Career Academy High School
Grades: 9-12
0.89 mi
F
Penn Elementary School
Grades: PK-8
0.16 mi
D
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 1540 Ridgeway Ave have ratings undefined, and undefined.
Neighborhood
This property is located in North Lawndale, Chicago, IL 60623.
Seasonal Housing units 60623
1%of housing is for seasonal rent.
Daytime Population for 60623
-24%of people during work hours.
Crime Index for 60623
110
110
The crime index in 60623 is 110, which is 1.1 times higher than national average.
Market Trends
Historical market data near 1540 Ridgeway Ave over selected time period.
Nearby Properties on Ridgeway Ave
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- 11343 S Ridgeway Ave, Chicago, IL 60655 (Mount Greenwood) is a 1,522 square foot, 3 bedroom, 1 bathroom, 0.12 acre property. It was built in 1958 and has an estimate of $386,506 with a price per ft² of $254.
- 11355 S Ridgeway Ave, Chicago, IL 60655 (Mount Greenwood) is a 1,312 square foot, 3 bedroom, 1 bathroom, 0.13 acre property. It was built in 1958 and has an estimate of $330,915 with a price per ft² of $252.
- 1137 N Ridgeway Ave, Chicago, IL 60651 (Humboldt Park) is a 1,462 square foot, 2 bedroom, 2 bathroom, 0.07 acre property. It was built in 1900 and has an estimate of $266,500 with a price per ft² of $182.
- 5050 S Ridgeway Ave # 1, Chicago, IL 60632 (Garage Park) is a 1,147 square foot, 3 bedroom, 2.25 bathroom, 0.1 acre property. It was built in 1963 and has an estimate of $330,051 with a price per ft² of $288.
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- 5117 S Ridgeway Ave, Chicago, IL 60632 (Garage Park) is a 789 square foot, 2 bedroom, 1 bathroom, 0.07 acre property. It was built in 1930 and has an estimate of $226,623 with a price per ft² of $287.
- 5141 S Ridgeway Ave, Chicago, IL 60632 (Garage Park) is a 1,221 square foot, 3 bedroom, 1 bathroom, 0.14 acre property. It was built in 1959 and has an estimate of $301,841 with a price per ft² of $247.
- 4036 N Ridgeway Ave, Chicago, IL 60618 (Irving Park) is a 5,085 square foot, 12 bedroom, 4 bathroom, 0.14 acre property.
- 519 N Ridgeway Ave # 2, Chicago, IL 60624 (Humboldt Park) is a 3,116 square foot, 4 bedroom, 2 bathroom, 0.07 acre property.
- 5204 S Ridgeway Ave, Chicago, IL 60632 (Garage Park) is a 1,055 square foot, 2 bedroom, 1 bathroom, 0.1 acre property. It was built in 1957 and has an estimate of $282,341 with a price per ft² of $268.
- 5257 S Ridgeway Ave, Chicago, IL 60632 (Garage Park) is a 950 square foot, 2 bedroom, 1 bathroom, 0.11 acre property. It was built in 1951 and has an estimate of $288,680 with a price per ft² of $304.
- 2964 N Ridgeway Ave, Chicago, IL 60618 (Avondale) is a 2,184 square foot, 4 bedroom, 2 bathroom, 0.08 acre property.
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- 4822 S Ridgeway Ave, Chicago, IL 60632 (Brighton Park) is a 1,056 square foot, 2 bedroom, 1 bathroom, 0.19 acre property. It was built in 1961 and has an estimate of $303,375 with a price per ft² of $287.
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- 4825 S Ridgeway Ave, Chicago, IL 60632 (Brighton Park) is a 735 square foot, 2 bedroom, 1 bathroom, 0.07 acre property. It was built in 1888 and has an estimate of $183,042 with a price per ft² of $249.
- 4823 S Ridgeway Ave, Chicago, IL 60632 (Brighton Park) is a 672 square foot, 2 bedroom, 1 bathroom, 0.07 acre property. It was built in 1900 and has an estimate of $263,239 with a price per ft² of $392.
- 4821 S Ridgeway Ave, Chicago, IL 60632 (Brighton Park) is a 1,438 square foot, 3 bedroom, 1 bathroom, 0.07 acre property. It was built in 1943 and has an estimate of $304,750 with a price per ft² of $212.
- 4829 S Ridgeway Ave # 31, Chicago, IL 60632 (Brighton Park) is a 840 square foot, 2 bedroom, 1 bathroom, 0.07 acre property. It was built in 1895 and has an estimate of $234,500 with a price per ft² of $279.
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