Chicago, IL 60660 5791 N RIDGE Avenue

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Presented By: RE/MAX Suburban
  • MLS# 12381656
  • 06/05/2025
  • Request Tour
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  • Beds • 8
  • Baths • 7
  • Garage • 2

Home Details

Rare Investment Opportunity in Edgewater! Welcome to 5791 N Ridge Ave - a beautifully maintained legal 4-unit brick building offering strong rental income and long-term value. With extensive updates throughout, this is a true turnkey property ideal for both seasoned investors and first-time multi-unit buyers. The building features three spacious 2 bed / 2 bath units, plus a 2 bed / 1 bath garden apartment. Each unit offers hardwood floors, stylish kitchens, updated bathrooms, in-unit laundry. 1st, 2nd, and 3rd floor each has a gas fireplace and individual mechanicals. Major capital improvements include: * 2010 full remodel: new electrical, plumbing, building & garage roofs, 4 boilers, 4 A/C units, and all new appliances * Furnace upgrades: 3rd floor (2010), basement (2011), 2nd floor (2013) * Ongoing updates: dishwashers, microwaves, washers/dryers, hot water heater (2022), garage tuckpointing (2011), masonry repairs (2023) * Iron fence (2016) adds curb appeal and privacy Located in Edgewater, a highly desireable communite with public transportation, shops, and restaurants. Currently, the building is self-managed, and the saving is then passed on to the tenants. The current rent is below market value because tenants are long-time, stable tenants. A rare opportunity to own an income-producing asset in one of Chicago's consistent North Side rental markets. Don't miss it!
Presented By: RE/MAX Suburban

Interior Features for 5791 N RIDGE Avenue

Bedrooms

Bedrooms Possible8
Total Bedrooms8

Bathrooms

Full Baths Building7
Half Baths Building
Total Baths7

Other Interior Features

BasementPartially Finished, Exterior Entry, Partial
Total Number of Units4

Other Rooms

General for 5791 N RIDGE Avenue

Additional Parcels Y/NNo
CityChicago
Community FeaturesCurbs, Sidewalks, Street Lights, Street Paved
Construction MaterialsBrick, Other
ContingencyAttorney/Inspection
CountyCook
DirectionsBROADWAY TO RIDGE, NORTH TO THE HOUSE
Elementary School District299
Garage Spaces2
HeatingForced Air
High School District299
MLS AreaCHI - Edgewater
Middle/Junior School District299
ModificationTimestamp2025-07-20T22:34:01.693Z
New ConstructionNo
OwnershipFee Simple
PossessionTenant's Rights, Lease Out Stand
Property TypeResidential Income
Property TypeTwo to Four Units
SewerPublic Sewer
Standard StatusActive Under Contract
StatusContingent
Tax Annual Amount10760
Tax Year2023
Total Rooms25
TownshipLake View
Year Built1932
ZoningMULTI

Exterior for 5791 N RIDGE Avenue

Lot Dimensions30X125
Parking FeaturesOn Site, Detached, Garage
Total Parking2
Water SourceLake Michigan
Waterfront Y/NNo

Additional Details

Price History

Client Care

Price $1,250,000
MLS#12381656
List Date 06/05/2025
Property Type Contingent
Phone 847.485.2500
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