2626 N Ridgeway Avenue
Chicago, IL 60647

Status: Active
Multi Family
7 beds
0 baths
0 sq.ft
Listing Price: $1,179,000
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About this home

Attention Investors: incredible opportunity to own a completely professionally rehabbed and fully leased building in highly appreciating Logan Square neighborhood! No expense was spared; all units have beautiful kitchens with stainless steel appliances, tankless water heaters, central heating and cooling, and in-unit laundry, so each tenant is individually responsible for their own utilities. New water service, sewer, water proofing, tuckpointing and concrete walkways. Fully fenced, beautifully landscaped yard and patio that serves as an incredible entertainment or leisure space. Detached 2 car garage. Walking distance to Logan Square Boulevard where you'll find best restaurants, Stan Mansion venues and much more. Minutes from beautiful downtown Chicago! An investor's dream, little to no maintenance is required for this building!

Property details

Interior Features
Additional Rooms Enclosed Porch
Basement Description Finished
Basement Full
Bedrooms Count 7
Bedrooms Possible 7
Baths Count 4
Full Baths in Building Count 4
Total Rooms 16
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1850
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher
Full Baths Total 1
Lease Expiration Date 02/25
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1975
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher
Full Baths Total 1
Lease Expiration Date 01/25
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 3
Beds Total 2
Baths Total 1
Actual Rent 1925
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher
Full Baths Total 1
Lease Expiration Date 01/25
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 3
unit 4
Beds Total 1
Baths Total 1
Actual Rent 1600
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher
Full Baths Total 1
Lease Expiration Date 06/25
Rooms Total 4
Tenant Pays Electric, Gas, Heat
Floor Number G
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1917
Parking Total 2
Exterior Building Type Brick
Exterior Property Features Patio ,Porch
Foundation Concrete Perimeter
Garage Details Garage Door Opener(s)
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Rehab Year 2021
Roof Type Rubber
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Gated, Sidewalks, Street Lights
Area Major CHI - Logan Square
Corporate Limits Chicago
Directions West on Fullerton to Ridgeway Ave.
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township Jefferson
Property / Lot Details
Lot Dimensions 28.00 X 125.33
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 4
Property Type Two to Four Units

Financials

ElectricExpense 327
Electric Expense Source Actual
Gross Rental Income $88,200
Insurance Expense $2,146
Insurance Expense Source Actual
Net Oper Income $70,427
Rental Income 88200
Investment Profile Residential Income
Water Expense $1,100

Tax/Assessments/Liens

PIN 13263110090000
Special Assessments N
Taxes $13,828
Tax Exemptions None
Tax Year 2022
$1,179,000 Listing Price:
MLS # 12090701
Investment Profile Residential Income
Listing Market Time 9 days
Basement Full
Type Unit 3 Flat
Number of Units in Building 4
Parking Garage
List Date 06/21/2024
Year Built 1917
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