1940 S Ridgeway Avenue
Chicago, IL, 60623
$485,000
7 Beds
3 Baths
0 SqFt
0 Acres
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$485,000
1940 S Ridgeway Avenue
Chicago, IL, 60623
MLS #MRD12312125 img 0
Come take a look at this Absolutely Gorgeous Full Gut Rehab ((Legal 2 Flat with 3 full units)) in the Smoking Hot Lawndale Medical District area. The 3rd unit could easily be rented out not a problem, but it could also make for a great AirBNB as close as it is to the Medical District for traveling nurses and other Medical professionals that travel often. The 1st & 2nd floors are both (3) bedrooms (1) bathroom Condo quality Rehabbed Apartments ready to be rented out. The Lower level is complete and ready to be rented out as well. The entire property has all new Kitchens, Bathrooms, All New Electric and Plumbing. New quartz Countertops throughout the Kitchens and Bathrooms. New Roof, New Hot water tanks, New Furnaces, New Electric lines, New Plumbing, (2) New AC Condensers. A New Catch Basin along with a New Sewer Line, New front Concrete Stairs, New Back Walkway, New Concrete Base for the Parking Pad,. There’s nothing left to be done here at this property except close on it and find the right tenants which should be easy as close to the Medical District as it is. The property sits only two blocks away from the closest CTA train station. And all other major transportation is super close by.

Property Details

Price:
$485,000
MLS #:
MRD12312125
Status:
Active
Beds:
7
Baths:
3
Address:
1940 S Ridgeway Avenue
Type:
Multi Family
Neighborhood:
CHI – North Lawndale
City:
Chicago
Listed Date:
Mar 17, 2025
State:
IL
ZIP:
60623
Year Built:
1896

Schools

School District:
299

Interior

Heating
Other

Exterior

Community Features
Park, Curbs, Gated, Sidewalks, Street Lights, Street Paved
Exterior Features
Storms/ Screens, Lighting
Parking Features
Off Alley, Alley Access, On Site, Owned
Parking Spots
2
Roof
Rubber

Financial

Net Operating Income
$49,739
Tax Year
2023
Taxes
$2,011
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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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1940 S Ridgeway Avenue
Chicago, IL