This property could be a great monthly cash flowing asset with an ARV of almost 400K. It has had some work completed (removal of boiler and radiators, partial interior demo and repair, removal of back porch and illegal back room). It is now time for some saavy owner/investor to complete the gut rehab and enjoy a cash flowing 2 Flat in a growing part of Chicago. Price reflects a 75K rehab budget needed to finish out the project. This property is not for an amateur rehabber. Bring your tools and sweat and make some money!!
Active
Price cut: $44K (1/23)
$205,900
7521 S Ridgeland Ave, Chicago, IL 60649
2beds
--sqft
Est.:
Multi Family
Built in 1915
-- sqft lot
$202,800 Zestimate®
$--/sqft
$-- HOA
What's special
- 11 days |
- 277 |
- 1 |
Zillow last checked: 8 hours ago
Listing updated: January 28, 2026 at 10:07pm
Listing courtesy of:
DJ Doran 312-874-3492,
Pearson Realty Group
Source: MRED as distributed by MLS GRID,MLS#: 12553639
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Natural Gas
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 1
- Parking features: Yes
Lot
- Size: 4,625 Square Feet
- Dimensions: 37x125
Details
- Parcel number: 20253030100000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $189,990
- Annual tax amount: $4,023
- Date on market: 1/23/2026
- Ownership: Fee Simple
Estimated market value
$202,800
$193,000 - $213,000
$1,903/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/23/2026 | Price change | $205,900-17.6% |
Source:  MRED as distributed by MLS GRID #12553639 Report a problem | ||
| 11/12/2025 | Price change | $249,900-7.4% |
Source: MRED as distributed by MLS GRID #12497705 Report a problem | ||
| 10/27/2025 | Listed for sale | $269,900+152.2% |
Source: MRED as distributed by MLS GRID #12497705 Report a problem | ||
| 1/3/2025 | Sold | $107,000 |
Source: MRED as distributed by MLS GRID #12114353 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $4,023 +2.9% | $18,999 |
| 2022 | $3,908 +2.3% | $18,999 |
| 2021 | $3,821 -1.5% | $18,999 +9.1% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,374/mo
Principal & interest
$961
Property taxes
$341
Home insurance
$72
Climate risks
Neighborhood: South Shore
Nearby schools
GreatSchools rating
- 3/10Bouchet Elementary Math & Science AcademyGrades: PK-8Distance: 0.4 mi
- 2/10South Shore Intl Col Prep High SchoolGrades: 9-12Distance: 0.3 mi
- 1/10Chicago Vocational Career Academy High SchoolGrades: 9-12Distance: 1.5 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.
