2976 Ridgeway Ave, Chicago, IL 60618

4 Unit Apartment Building | $1,599,000 ($399,750/Unit) | 6.40% Cap Rate | Chicago, IL 60618

Asking Price $1,599,000

Property Type: Multifamily
Square Feet: 5,600 SF

Listing Contacts

Tony Araque

Verified Profile

Property Info

Property Overview

2022 Gut Rehab permits/plans/inspections. Low maintenance with Long term tenants. Low property tax. 2-car garage. Total building sq ft-5,800. Privacy fence. All units have tankless HW, washer/dryer, stainless appliances, hardwood floors, quartz countertops, Forced HVAC, new plumbing and 400amp Elec. service with sub-panels for each unit. New water service with booster pump. Two duplex (duplex up and duplex down) units and two simplex units (simplex units have a storage unit). 7-room Duplex-Up lives like SFH: Main level features Liv./Din./Office/Powder Rm./Coat closet/ Mudroom (bench/coat hooks) and custom kitchen with upgraded appliances and 3 bed/2bath w/ ensuite bath (both baths have heated floors), multiple built out closets and laundry. Right off bustling Milwaukee Ave. 6.7% Cap rate

Property Details

Class: C
Year Built/Renovated: 1913/2022
Stories: 3
Lot Size (sq. ft): 3,485 SF
Units: 4

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