$334,900
2656 S Ridgeway Avenue
Chicago, IL, 60623
This exceptional brick 2-flat with coach house represents a rare chance to invest in one of Chicago’s most dynamic neighborhoods. Strategically located just steps away from the bustling shopping district along 26th Street, this property sits in the “second Magnificent Mile” – the second-highest grossing retail strip in Chicago, surpassed only by Michigan Avenue. The property boasts an impressive 7 bedrooms total across three units, currently generating a steady monthly income with month-to-month tenants.. This flexible rental arrangement provides investors with immediate cash flow and the ability to adjust strategies as the market evolves. The brick construction and coach house offer additional value. The neighborhood’s strategic location offers close proximity to parks and easy access to expressways, making it an attractive option for both residents and investors. Whether you’re a seasoned investor looking to expand your portfolio or a first-time buyer seeking a strategic investment, this 2-flat offers an exceptional opportunity to capitalize on Little Village’s dynamic real estate market and take over this great investment from a seller that appreciates buyers agents
Property Details
Price:
$334,900
MLS #:
MRD12275520
Status:
Active
Beds:
7
Baths:
3
Address:
2656 S Ridgeway Avenue
Type:
Multi Family
Subdivision:
Little Village
Neighborhood:
CHI – South Lawndale
City:
Chicago
Listed Date:
Jan 22, 2025
State:
IL
ZIP:
60623
Year Built:
1901
Schools
School District:
299
Elementary School:
Gary Elementary School
Interior
Heating
Natural Gas
Exterior
Architectural Style
Bi- Level
Community Features
Park, Curbs, Gated, Sidewalks, Street Lights, Street Paved
Other Structures
Guest House
Parking Features
Off Street
Parking Spots
1
Roof
Asphalt
Financial
Tax Year
2022
Taxes
$5,245
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
More About DebraMortgage Calculator
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2656 S Ridgeway Avenue
Chicago, IL
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