2980 N Ridgeway Avenue
Sold

2980 N Ridgeway Avenue

2980 N Ridgeway Avenue, Chicago, IL 60618

$475,000
LEGAL 3 UNIT (CERT IS ON PHOTOS). Which needs some work and will be sold as-is - that is why the price was dropped. This is not a place for first time investors. 3rd floor unit needs some work with the floors and bracing the trusses. Value add is the third unit and adding w/d and dishwashers to unit 2 and 3. Owner did a ton of work to the crawl and redoing footings. the 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 third unit 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. 1st floor received and application for rent at 2k before we took it off the market.. 2 car garage and nice backyard. Right off Milwaukee in Avondale - tons of retail, nightlife, public trans and very close to 90/94. Renters pay all electric and gas bills. Only owner costs are water (approx. 600 a year) and insurance (2200 a year).

8
beds

3
baths

3,484.8 Sq.Ft. lot

Sophia Klopas

Sophia Klopas

Features & Amenities

Interior

  • total bedrooms8
  • Total bathrooms3

Area & Lot

  • Status Sold
  • Lot Area3,484.8 Sq.Ft.
  • MLS® ID11763736
  • TypeMulti-Family
  • YEAR BUILT1909
  • School District299

Exterior

  • Garage Space2.0
  • water SourceLake Michigan
  • roofAsphalt
  • HEAT TYPENatural Gas
  • sewerPublic Sewer
  • SubstructureConcrete Perimeter

Financial

  • Sales Price$475,000
  • Real Estate Tax $6,405/yr
  • Zoning MULTI

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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