2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
SEE ALL PHOTOS
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
2980 N Ridgeway Avenue
Active Under Contract

2980 N Ridgeway Avenue

2980 N Ridgeway Avenue, Chicago, IL 60618

$550,000
LEGAL 3 UNIT (CERT IS ON PHOTOS). Amazing arm chair investment with a true 7% cap rate. First and second floor units were renovated fully in 2015 - new kitchens, baths, light, HVAC, lights and floors. The floor plan on the first 2 units (attached to listing to) are three bedrooms, full bath, large office and utilities in unit. First unit has W/D in the unit. The legal attic has 2 bedrooms, family room, dining room and kitchen - there is room to upgrade the 3rd floor unit and get more money. All units are above grade and the home sits on a small crawl space. All three units pay there own utilities. Units are empty now incase of owner occupied, Short term rentals, or new year long leases. Rents were 1800, 1600 and 900 and were rented out from 2015 till now. 2 car garage and nice backyard. Right off Milwaukee in Avondale - tons of retail, nightlife, public trans and very close to 90/94. Great investment for 3.5% down and live in the unit while cash flowing the other 2. Renters pay all electric and gas bills. Only owner costs are water (approx. 600 a year) and insurance (2200 a year). Laundry is only for 1st floor. Easy to add to other units if new owner wants 2.

8
beds

3
baths

0.08 Acres lot

Sophia Klopas

Sophia Klopas

Features & Amenities

Interior

  • total bedrooms8
  • Total bathrooms3

Area & Lot

  • Status Active Under Contract
  • Lot Area0.08 Acres
  • MLS® ID11612736
  • TypeMULTI_FAMILY
  • YEAR BUILT1909
  • Elementary School299
  • High School299

Exterior

  • Garage Space2
  • water SourceLake Michigan
  • roofAsphalt
  • HEAT TYPENatural Gas
  • sewerPublic Sewer
  • SubstructureConcrete Perimeter
  • HOA AmenitiesSidewalks, Street Lights, Street Paved

Financial

  • Sales Price$550,000
  • Real Estate Tax $6,405/yr
  • Zoning MULTI
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Work With Us

Partners Sophia Klopas and Jason Stratton are a brother and sister team who have been in the Illinois real estate market for over twenty years. Together they offer complementary skill sets and professional expertise that make The KlopasStratton Team truly unique.

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