1016 N Ridgeway Avenue, Chicago, Illinois 60651

$550,000
11
BD
5
BA

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Sold Price
$550,000
List Price
$560,000
Closing Date
Jul 31, 2024
MLS#
12039022
Status
CLOSED
Type
Multifamily
Subtype
Residential Income
Bedrooms
11
Bathrooms
5
County
Cook
City
Chicago
Neighborhood
Humboldt Park
Days On Market
7

Property Description

Gorgeous Brick Bungalow in front and Brick 2 Flat in back with tons of updates throughout. Check out this unique 3 unit in Humboldt Park ideal for multi-generational living or rental income! The Massive Front Brick Bungalow features 5 Bedrooms, (3 on main & 2 up) and 1.5 Bathrooms, unfinished basement with potential to duplex (high ceilings). Perfect for owner occupant to live in one unit and collect passive income from the 2 units. Rear Building features a Duplexed 4 bedrooms, 2 bathrooms plus the top floor unit has additional 2 bedroom and 1 bathroom currently rented to long term tenant paying below market rent. Bonus: ALL units have separate utilities. Front has radiant heating and rear has separate central heating and hot water tanks. Owner recently added drain tile system & sump pump to rear unit and updated 2 of the 3 units with new quartz countertops and shaker cabinetry in kitchens, updated bathrooms, freshly painted, new light fixtures, carpeting, and LVT flooring. Both Roofs are tear off and 3 years new! All Electrical & plumbing updated in 2010/2011. Too many upgrades to list. This block has easy permit parking all day. Your buyers will love the opportunity and the flexibility this property offers!

Additional Information

School District
299
Corporate Limits
Chicago
Tax Year
2022
Tax Amount
$5,553
Year Built
1926
Lot Dimensions
25 X 125
Lot Size Range
Standard Chicago Lot
Heating
Natural Gas, Forced Air, Radiant
Sewer
Public Sewer
Basement
Yes

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Listings courtesy of Midwest Real Estate Data as distributed by MLS Grid

Selling Office: RE/MAX PREMIER.



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