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$875,000
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Property Description
Presenting 2203-07 S Ridgeway Ave., a well-maintained 8-unit corner apartment building located in Chicago's desirable Little Village neighborhood. The property is comprised entirely of two-bedroom, one-bathroom units, providing consistent layouts that are attractive to both tenants and owners. Many of the apartments have been recently renovated with modern finishes, including granite countertops, new cabinetry, updated bathrooms, individual furnaces and hot water heaters, and new or refinished hardwood flooring. These improvements position the property well for strong rental performance with additional upside potential. Ideally located just one block from the CTA #21 bus line and approximately half a mile from the CTA Pink Line, the building offers excellent access to public transportation, further enhancing tenant demand. This property represents a solid value-add investment opportunity in a growing neighborhood with strong and stable rental demand.
Full Property Details
Full Property Details for 2203 S Ridgeway Ave
General
- Price: $875,000
- HOA FEE: $2,400
- Taxes: $11,291 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12549798
- Updated: 1/25/2026
- Added to Site: 24 day(s) ago
Interior
- Basement: Unfinished
Location
- Area: CHI - South Lawndale
- County: Cook
- Driving Directions: At the southeast corner of W Cermak Rd and S Ridgeway Ave
Heating & Cooling
- Cooling Type: None
- Heating Type: Individual Furnaces
Utilities
- Trash: 2958
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Unfinished
- Stories/Levels: 2
- Current Bldg. Use: Multi-Family
- Year Built: 1914
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 8
- Units w/Range/Oven: 8
Lot Features
- Lot Dimensions: 41 x 164
Financial Considerations
- Maint. Fee: $2,400
- Insurance Fee: $7,258
- Operating Expenses: $29,527
- Other Fee: $8,745
- Assessment Year: 1914
- Tax Amount: $11,291
- Tax Year: 2024
- Tenant Pays: Electricity, Heat
- Pays Electric: 467
- Pays Trash: 2958
Disclosures and Reports
- Property ID: 16261050010000
Listed by Fulton Grace Realty
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Schools
Schools serving 2203 S Ridgeway Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Cardenas Elementary School 2345 South Millard Avenue, Chicago, IL 60623 | PK-3 | 0.2 mi |
Castellanos Elementary School 2524 South Central Park Avenue, Chicago, IL 60623 | 4-8 | 0.4 mi |
Farragut Career Academy High School 2345 South Christiana Avenue, Chicago, IL 60623 | 9-11 | 0.5 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 2203 S Ridgeway Ave
Date
Details
Price
Change
Source
1/19/2026
Listed
$875,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2203 S Ridgeway Ave
2203 S Ridgeway Avenue, Chicago, IL 60623 (MLS# 12549798) is a Commercial property. 2203 S Ridgeway Avenue is currently listed for $875,000 and was received on January 19, 2026. Want to learn more about 2203 S Ridgeway Avenue? Do you have questions about finding other Commercial real estate for sale in South Lawndale? You can browse all South Lawndale real estate or contact a Coldwell Banker agent to request more information.

