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$1,350,000
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Property Description
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!
Full Property Details
Full Property Details for 5791 N Ridge Ave
General
- Sold For: $1,350,000
- Taxes: $10,760 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12381656
- Added to Site: 224 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 7
Bedrooms
- Total Bedrooms: 8
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: On Site, Detached, Garage
- Parking On-Site: Yes
Location
- Area: CHI - Edgewater
- County: Cook
- Driving Directions: BROADWAY TO RIDGE, NORTH TO THE HOUSE
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Forced Air
Utilities
- Water: Lake Michigan
Structural Information
- Construction: Brick, Other
- Exterior Const.: Brick, Other
- Basement Desc.: Partially Finished, Exterior Entry, Partial
- Year Built: 1932
- Built Before 1978: Yes
- Remodeled/Updated: 2010
Unit Information
- Units in Building: 4
Lot Features
- Lot Size Range: Standard Chicago Lot
- Lot Dimensions: 30 x 125
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1932
- Tax Amount: $10,760
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 14053120100000
Listed by RE/MAX Suburban
Sold by Virtue Realty, LLC
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Schools
Schools serving 5791 N Ridge Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Peirce Elementary Intl Studies School 1423 West Bryn Mawr Avenue, Chicago, IL 60660 | K-8 | 0.3 mi |
Senn High School 5900 North Glenwood Avenue, Chicago, IL 60660 | 9-12 | 0.1 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 5791 N Ridge Ave
Date
Details
Price
Change
Source
8/12/2025
Sold
$1,350,000
8%
MLS
6/05/2025
Listed
$1,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5791 N Ridge Avenue, Chicago, IL 60660 (MLS# 12381656) is a Multi-Family property that was sold at $1,350,000 on August 12, 2025. Want to learn more about 5791 N Ridge Avenue? Do you have questions about finding other Multi-Family real estate for sale in Edgewater? You can browse all Edgewater real estate or contact a Coldwell Banker agent to request more information.

