3414 N Ridgeway Avenue, Chicago, IL 60618 - Photo 1

1/1

$720,000

Sold
Closed
Multi-Family
9 Total Beds
2 Car Garage

1/1

Property Description

Come check out this legal 3-unit building in Avondale on an huge lot! The Property currently features (2) 3br/1ba above grade units & (1) 2br/1ba + office garden unit. Garden unit is rented at $1,600/mo MTM & 1st floor 3br/1ba unit is rented at $2,050/mo through 6/30/24 and includes both garage spaces. Top floor unit will be kept vacant but could easily be rented at $2,200/mo - making this the perfect opportunity for an investor or owner-user at a stabilized cap rate of 7.24% just by filling the vacancy! The well-maintained building features off-street parking in front of the Property and a two-car garage in the rear of the Property. The Property features a newer roof overlay on the building and the garage (both completed in 2018). The Property also has newer electrical services and four (4) new water heaters have been installed over the last 2-3 years. Additionally, the Property has an on-site laundry facility and a flood control system in the front of the building.

Full Property Details

Full Property Details for 3414 N Ridgeway Ave

General

Sold For: $720,000
Taxes: $10,165 (2022)
Status: Closed
Type: Multi-Family
Source: MRED
MLS ID: 11899569
Added to Site: 840 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 3

Bedrooms

Total Bedrooms: 9

Parking

Garage: Yes
Garage Ownership: Owned
Garage Spaces: 2
Total Spaces: 2
Parking Type: Garage

Location

Area: CHI - Avondale
County: Cook
Driving Directions: Property is located on the east side of Ridgeway Ave, just north of W Roscoe St & south of W Cornelia Ave.

School Information

School District: 130
Midd School District: 130

Heating & Cooling

Heating Type: Natural Gas, Radiator(s), Sep Heating Systems - 2+, Floor Furnace

Utilities

Water: Lake Michigan

Structural Information

Exterior Const.: Brick
Basement Desc.: Full
Year Built: 1925
Built Before 1978: Yes
Remodeled/Updated: 2022

Unit Information

Units in Building: 3

Lot Features

Lot Size (Acres): 0.11
Lot Size Range: Less than .25 Acre
Lot Dimensions: 4687SF

Financial Considerations

Assessment Year: 1925
Tax Amount: $10,165.42
Tax Year: 2022

Disclosures and Reports

Ownership: Fee Simple
Special Conditions: List Broker Must Accompany
Property ID: 13233130340000

Listed by Horvath & Tremblay IL, LLC
Sold by Pearson Realty Group

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— 3414 N Ridgeway Ave —

Horvath & Tremblay IL, LLC

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Schools

Schools serving 3414 N Ridgeway Ave

School District:Chicago Public School District 299

Name	Grades	Distance
Reilly Elementary School 3650 West School Street, Chicago, IL 60618	PK-8	0.2 mi
Schurz High School 3601 North Milwaukee Avenue, Chicago, IL 60641	9-12	0.8 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 3414 N Ridgeway Ave

Date

Details

Price

Change

Source

12/26/2023

Sold

$720,000

-0.69%

MLS

10/03/2023

Listed

$725,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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3414 N Ridgeway Avenue, Chicago, IL 60618 (MLS# 11899569) is a Multi-Family property that was sold at $720,000 on December 26, 2023. Want to learn more about 3414 N Ridgeway Avenue? Do you have questions about finding other Multi-Family real estate for sale in Avondale? You can browse all Avondale real estate or contact a Coldwell Banker agent to request more information.

3414 N Ridgeway Ave Chicago, IL 60618