Closed
$465,000
1652 S Ridgeway Ave, Chicago, IL 60623
8beds
--sqft
Multi Family
Built in ----
-- sqft lot
$463,100 Zestimate®
$--/sqft
$1,835 Estimated rent
Home value
$463,100
$417,000 - $514,000
$1,835/mo
Zestimate® history
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Owner options
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What's special
20k Price Drop!! Motivated Seller! Prime Income-Producing Multi-Unit in Lawndale - Fully Renovated in 2021! An exceptional investment opportunity awaits in Chicago's Lawndale neighborhood! This high-income producing 3-unit property was completely renovated in 2021 from top to bottom, offering modern finishes, updated systems, and strong rental demand. Each unit features contemporary designs, spacious layouts, and high-end upgrades, including: New electrical, plumbing, HVAC, and roofing (all updated in 2021) Stylish kitchens with granite countertops, stainless steel appliances, and custom cabinetry Luxury flooring, modern bathrooms, and in-unit laundry hookups Generous-sized bedrooms and ample natural light With solid rental income and low maintenance, this property is perfect for both investors and owner-occupants looking to build wealth. Conveniently located near public transit, parks, and local amenities, this turnkey building is ready to generate strong returns. Don't miss out on this prime multi-unit investment-schedule a private tour today!
Zillow last checked: 8 hours ago
Listing updated: July 15, 2025 at 06:02pm
Listing courtesy of:
Jessica Macey 217-960-8605,
Real Broker LLC
Bought with:
Marisol Doblado
Compass
Source: MRED as distributed by MLS GRID,MLS#: 12417523
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas
Features
- Basement: Finished,Full
Property
Parking
- Total spaces: 4
- Parking features: On Site, Detached, Garage
- Garage spaces: 2
Lot
- Size: 2,900 sqft
- Dimensions: 25X116
Details
- Parcel number: 16233040400000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Greystone
- Property subtype: Multi Family
Materials
- Stone
Condition
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & neighborhood
Location
- Region: Chicago
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2025 | Sold | $465,000 |
Source: | ||
| 7/11/2025 | Contingent | $465,000 |
Source: | ||
| 7/11/2025 | Listed for sale | $465,000 |
Source: | ||
| 6/27/2025 | Listing removed | $465,000 |
Source: | ||
| 6/18/2025 | Contingent | $465,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $1,036 -38.9% | $8,207 |
| 2022 | $1,694 +2.3% | $8,207 |
| 2021 | $1,656 -31.7% | $8,207 -24.3% |
Find assessor info on the county website
Neighborhood: Lawndale
Nearby schools
GreatSchools rating
- 3/10Penn Elementary SchoolGrades: PK-8Distance: 0.2 mi
- 1/10Farragut Career Academy High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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$463,100
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$472,362
