1540 S Ridgeway Avenue
Chicago, IL, 60623
$489,900
7 Beds
3 Baths
0 SqFt
0 Acres
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$489,900
1540 S Ridgeway Avenue
Chicago, IL, 60623
MLS #MRD12535068 image #0MLS #MRD12535068 image #1MLS #MRD12535068 image #2MLS #MRD12535068 image #3MLS #MRD12535068 image #4MLS #MRD12535068 image #5MLS #MRD12535068 image #6MLS #MRD12535068 image #7MLS #MRD12535068 image #8MLS #MRD12535068 image #9MLS #MRD12535068 image #10MLS #MRD12535068 image #11MLS #MRD12535068 image #12MLS #MRD12535068 image #13MLS #MRD12535068 image #14
Open House Dec 27, 2025
12:00 – 02:00
Welcome to a stunning 2025 full-gut rehabbed 2-flat located in the rapidly appreciating Lawndale neighborhood. Perfect for investors or owner-occupants looking for rental income, this property offers the perfect blend of modern finishes, functionality, and value. The first-floor duplex features 4 bedrooms and 2 full baths, offering generous living space ideal for larger households or higher rent potential. The second-floor unit includes 3 bedrooms and a full bath, perfect for an owner’s unit or solid long-term tenant. Both units feature modern layouts, modern kitchens with quartz countertops, stainless steel appliances, new shaker cabinets, and designer bathrooms with contemporary tile and fixtures. Completely rebuilt from top to bottom with brand-new electrical (200-amp service), plumbing, HVAC, central air, roof, windows, and hardwood flooring. Exterior updates include fresh tuckpointing, rear deck, and fenced yard for added privacy. Separate utilities make this a true turnkey investment. Centrally located near Douglas Park, Kedzie Ave, and minutes to the expressway-this property is surrounded by ongoing development and community revitalization. Nothing to do but move in or rent out and start cash flowing. Schedule your showing today-this one won’t last!

Property Details

Price:
$489,900
MLS #:
MRD12535068
Status:
Active
Beds:
7
Baths:
3
Type:
Multi Family
Neighborhood:
chinorthlawndale
Listed Date:
Dec 19, 2025
Year Built:
1903
Chi – North LawndaleChinorthlawndale

Schools

School District:
299

Interior

Heating
Natural Gas

Exterior

Construction Materials
Brick
Parking Features
Off Alley, Yes
Parking Spots
2

Financial

Tax Year
2023
Taxes
$4,446
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Multi Family in Chicago as of Dec 27, 2025
1,270
Multi Family Listed
95
Avg DOM
$474,621
Avg List Price

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Property Summary

    1540 S Ridgeway Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60623. It is listed for $489,900 To schedule a showing of MLS#mrd12535068 at 1540 S Ridgeway Avenue in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
1540 S Ridgeway Avenue
Chicago, IL