7516 N Ridge Boulevard
Chicago, IL, 60645
$900,000
2 Beds
1 Baths
0 SqFt
0 Acres
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$900,000
7516 N Ridge Boulevard
Chicago, IL, 60645
MLS #MRD12789421 image #0MLS #MRD12789421 image #1MLS #MRD12789421 image #2MLS #MRD12789421 image #3MLS #MRD12789421 image #4MLS #MRD12789421 image #5MLS #MRD12789421 image #6MLS #MRD12789421 image #7MLS #MRD12789421 image #8MLS #MRD12789421 image #9MLS #MRD12789421 image #10MLS #MRD12789421 image #11MLS #MRD12789421 image #12
6-flat building located at 7516.5 N Ridge Blvd in Chicago’s West Ridge neighborhood. The property consists entirely of two-bedroom, one-bathroom units, with half of the apartments already renovated, featuring updated kitchens and bathrooms. The successful rent increases achieved through these renovations provide a new investor with a proven value-add strategy and the opportunity to further enhance rental income through continued unit improvements. The building is part of a seven-building complex, offering investors the benefits of an established multifamily community. Ownership within the complex proportionately shares responsibilities for common walkways, parking, and water expenses, providing operational efficiencies and a streamlined ownership structure.

Property Details

Price:
$900,000
MLS #:
MRD12789421
Status:
Active
Beds:
2
Baths:
1
Type:
Commercial
Neighborhood:
chiwestridge
Listed Date:
Oct 19, 2026
Year Built:
1948
Chi – West RidgeChiwestridge

Schools

Interior

Cooling
None

Exterior

Stories
3

Financial

Maintenance Fee
$1,500
Net Operating Income
$58,589
Tax Year
2025
Taxes
$15,439
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Debra Dobbs is one of Chicago’s top realtors with more than 42 years in the real estate business.

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Current real estate data for Commercial in Chicago as of Oct 30, 2026
892
Commercial Listed
183
Avg DOM
$1,020,196
Avg List Price

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Property Summary

    7516 N Ridge Boulevard Chicago IL is a Commercial for sale in Chicago, IL, 60645. It is listed for $900,000 To schedule a showing of MLS#mrd12789421 at 7516 N Ridge Boulevard in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
7516 N Ridge Boulevard
Chicago, IL