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$ 875,000
Est. payment /mo
New
2203 S Ridgeway AVE Chicago, IL 60623
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12549798
Maintenance Fees $2,400
Year Built 1914
Annual Tax Amount $11,291
Tax Year 2024
Lot Dimensions 41X164
Property Sub-Type Multi Family 5+
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.
Location
State IL
County Cook
Area Chi - South Lawndale
Rooms
Basement Unfinished
Interior
Cooling None
Fireplace N
Building
Dwelling Type Multi Family 5+
Structure Type Brick
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Listed by Brent Fallows of Fulton Grace Realty
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