2203 S Ridgeway Avenue
Chicago, IL, 60623
$875,000
2 Beds
1 Baths
0 SqFt
0 Acres
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$875,000
2203 S Ridgeway Avenue
Chicago, IL, 60623
MLS #MRD12549798 image #0MLS #MRD12549798 image #1MLS #MRD12549798 image #2MLS #MRD12549798 image #3MLS #MRD12549798 image #4MLS #MRD12549798 image #5MLS #MRD12549798 image #6MLS #MRD12549798 image #7MLS #MRD12549798 image #8
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.

Property Details

Price:
$875,000
MLS #:
MRD12549798
Status:
Active
Beds:
2
Baths:
1
Type:
Commercial
Neighborhood:
chisouthlawndale
Listed Date:
Jan 19, 2026
Year Built:
1914
Chi – South LawndaleChisouthlawndale

Schools

Interior

Cooling
None

Exterior

Construction Materials
Brick

Financial

Maintenance Fee
$2,400
Net Operating Income
$69,211
Tax Year
2024
Taxes
$11,291
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Current real estate data for Commercial in Chicago as of Jan 22, 2026
949
Commercial Listed
194
Avg DOM
172
Avg $ / SqFt
$983,079
Avg List Price

Community

Subdivisions in Chicago

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Property Summary

    2203 S Ridgeway Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60623. It is listed for $875,000 To schedule a showing of MLS#mrd12549798 at 2203 S Ridgeway Avenue in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
2203 S Ridgeway Avenue
Chicago, IL