7948 S Ridgeland Avenue
Chicago, IL 60617

Status: Active
Multi Family
5 beds
0 baths
0 sq.ft
Listing Price: $298,000
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About this home

3 unit all brick building on a quiet block of mostly single family homes. Building is zoned for 4 units - top floor combined 2 units together, can be de-converted for 4 legal units! As it is, the 2nd floor unit is a huge 3BR/2BA apartment that occupies the entire floor with new dishwasher, zoned heating, separate water heaters, and lots of closet space. The 1st floor units are each 1BR/1BA with new dishwashers and separate furnaces and water heaters. Coin laundry in the basement, large lot, and 3 car garage. As-is sale.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 91-100 Years
3 Bedroom Unit in Building Yes
Approx Year Built 1924
Parking Total 3
Exterior Building Type Brick
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 3
Parking Garage
Rehab Year 2017
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Curbs, Gated, Sidewalks, Street Lights, Street Paved
Area Major CHI - South Chicago
Zoning Type MULTI
Corporate Limits Chicago
Directions Stony Island to South Chicago Ave. South to Ridgeland, north on Ridgeland to building.
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township Hyde Park
Interior Features
Basement Description Unfinished
Basement Full
Bedrooms Count 5
Bedrooms Possible 5
Baths Count 4
Full Baths in Building Count 4
Total Rooms 12
Units
unit 1
Beds Total 1
Baths Total 1
Actual Rent 950
Appliances And Features Stove, Refrigerator, Dishwasher
Full Baths Total 1
Lease Expiration Date VCNT
Rooms Total 3
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 1
Baths Total 1
Actual Rent 950
Appliances And Features Stove, Refrigerator, Dishwasher
Full Baths Total 1
Lease Expiration Date VCNT
Rooms Total 3
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 3
Beds Total 3
Baths Total 2
Actual Rent 1350
Appliances And Features Stove, Refrigerator, Dishwasher
Full Baths Total 2
Lease Expiration Date VCNT
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 2
Property / Lot Details
Lot Dimensions 40X125
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units

Financials

Gross Rental Income $39,000
Rental Income 39000
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 20361010330000
Special Assessments N
Taxes $3,496
Tax Exemptions None
Tax Year 2022
$298,000 Listing Price:
MLS # 12000046
Investment Profile Residential Income
Listing Market Time 56 days
Basement Full
Type Unit 3 Flat
Number of Units in Building 3
Parking Garage
List Date 03/08/2024
Year Built 1924
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