Chicago, IL 60623 1940 S Ridgeway Avenue

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Presented By: Compass
  • MLS# 12312125
  • 03/17/2025
  • Request Tour
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  • Beds • 7
  • Baths • 3

Home Details

Come take a look at this Absolutely Gorgeous Full Gut Rehab ((Legal 2 Flat with 3 full units)) in the Smoking Hot Lawndale Medical District area. The 3rd unit could easily be rented out not a problem, but it could also make for a great AirBNB as close as it is to the Medical District for traveling nurses and other Medical professionals that travel often. The 1st & 2nd floors are both (3) bedrooms (1) bathroom Condo quality Rehabbed Apartments ready to be rented out. The Lower level is complete and ready to be rented out as well. The entire property has all new Kitchens, Bathrooms, All New Electric and Plumbing. New quartz Countertops throughout the Kitchens and Bathrooms. New Roof, New Hot water tanks, New Furnaces, New Electric lines, New Plumbing, (2) New AC Condensers. A New Catch Basin along with a New Sewer Line, New front Concrete Stairs, New Back Walkway, New Concrete Base for the Parking Pad,. There's nothing left to be done here at this property except close on it and find the right tenants which should be easy as close to the Medical District as it is. The property sits only two blocks away from the closest CTA train station. And all other major transportation is super close by.
Presented By: Compass

Interior Features for 1940 S Ridgeway Avenue

Bedrooms

Bedrooms Possible7
Total Bedrooms7

Bathrooms

Full Baths Building3
Half Baths Building
Total Baths3

Other Interior Features

BasementFinished, Full
Total Number of Units3

General for 1940 S Ridgeway Avenue

CityChicago
Community FeaturesPark, Curbs, Gated, Sidewalks, Street Lights, Street Paved
Construction MaterialsBrick
ContingencyAttorney/Inspection
CountyCook
DirectionsOgden Ave. East or West to Ridgeway, North Bound on Ridgeway to property
Elementary School District299
HeatingOther
High School District299
MLS AreaCHI - North Lawndale
Middle/Junior School District299
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
RoofRubber
SewerPublic Sewer
Standard StatusActive Under Contract
StatusContingent
Tax Annual Amount2011
Tax Year2023
Total Rooms18
TownshipWest Chicago
Waterfront Y/NNo
Year Built1896
ZoningMULTI

Exterior for 1940 S Ridgeway Avenue

Exterior AmenitiesLighting
Foundation DetailsConcrete Perimeter
Lot Dimensions25X116
Parking FeaturesOff Alley, Alley Access, On Site, Owned
Total Parking2
Water SourcePublic

Additional Details

Price History

Client Care

Price $485,000
MLS#12312125
List Date 03/17/2025
Property Type Contingent
Phone 847.485.2500
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