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$480,715
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Property Description
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!
Full Property Details
Full Property Details for 1540 S Ridgeway Ave
General
- Sold For: $480,715
- Taxes: $4,445 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12535068
- Added to Site: 67 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 7
Parking
- Total Spaces: 2
- Parking Features: Off-Alley, Yes
Location
- Area: CHI - North Lawndale
- County: Cook
- Driving Directions: 16th St (1600S) to Ridgeway (3734W) 1 way North
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Finished, Full
- Year Built: 1903
- Built Before 1978: Yes
- Remodeled/Updated: 2025
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 25 x 125
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1903
- Tax Amount: $4,445.76
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16231260280000
Listed by Chicagoland Brokers, Inc.
Sold by Compass
Get Pre-Approved Today
Schools
Schools serving 1540 S Ridgeway Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Penn Elementary School 1616 South Avers Avenue, Chicago, IL 60623 | PK-8 | 0.2 mi |
Farragut Career Academy High School 2345 South Christiana Avenue, Chicago, IL 60623 | 9-11 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1540 S Ridgeway Ave
Date
Details
Price
Change
Source
2/24/2026
Sold
$480,715
-1.87%
MLS
12/19/2025
Listed
$489,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1540 S Ridgeway Avenue, Chicago, IL 60623 (MLS# 12535068) is a Multi-Family property that was sold at $480,715 on February 24, 2026. Want to learn more about 1540 S Ridgeway Avenue? Do you have questions about finding other Multi-Family real estate for sale in North Lawndale? You can browse all North Lawndale real estate or contact a Coldwell Banker agent to request more information.

