NOT LISTED FOR SALE

1318 N Ridgeway Ave Chicago, IL 60651

Humboldt Park Neighborhood
9 Beds
3 Baths
2,214 Sq Ft
-- Built

Last Sold October 06, 2022

Last sale price $485,000 $219 Per Sq Ft

3 Days on Market

Highlights

  • Greystone Architecture
  • 2 Car Detached Garage
  • Forced Air Heating System

About This Home

As of October 2022

This Gorgeous, Updated and INCOME PRODUCING Greystone in the heart of the ever appreciating Humboldt Park can be yours to own, live in and collect rent or as an armchair investment. There are 3 three bedroom one bath units which have been updated and the building is currently fully rented. (Agent and Owner cannot represent legality of Garden Unit.) The property has been meticulously cared for and has so many great updates; new roof (2020), tuckpointed (2020) Brand New Concrete Garage (2020) which has a double layer silver roof ready to accommodate a rooftop deck and a PARTY DOOR. The two main floor units have Central AC and all three units have in unit Washer Dryer. Expenses are nominal as tenants pay ALL UTILITIES so even at under market rents, this property is yielding a 6.7% CAP Rate. You do not want to miss out on the opportunity to own this magnificent property nestle on the charming tree lined Ridgeway Ave. steps from all that Humboldt Park offers.

Last Agent to Sell the Property

The Vanna Group, Diane & Bob

Baird & Warner License #475179644 Listed on: 08/13/2022

Baird & Warner

Co-Listed By

MARIA SABINO

Baird & Warner License #475198341

Last Buyer's Agent

Loria Hamilton-Field

Jason Mitchell Real Estate IL License #471018609

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,453

Year Renovated

  • 2012

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Greystone Architecture
  • Rubber Roof
  • Stone Siding

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 24 x 124

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $2,500
  • Net Operating Income $40,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,453

Year Renovated

2012

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Greystone
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2012
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Year Renovated: 2012

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 9
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Microwave,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave

Exterior Features

  • List Price: 489000
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Stone

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Fee Information

  • Other Expenses $: 1500

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 24 X 124
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 40800
  • Insurance Expense: 2500
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 4453
  • Tax Year: 2020
  • Tax Exemptions: None

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2022 10/06/22 Sold $485,000 -0.8% $219 / Sq Ft
08/17/2022 08/17/22 Pending -- -- --
08/13/2022 08/13/22 For Sale $489,000 +32.2% $221 / Sq Ft
08/15/2019 08/15/19 Sold $370,000 -5.1% $167 / Sq Ft
06/24/2019 06/24/19 Pending -- -- --
06/10/2019 06/10/19 For Sale $390,000 -- $176 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • The Vanna Group, Diane & Bob

    Seller's Agent in 2022

    The Vanna Group, Diane & Bob

    Baird Warner

    (312) 545-5280

    2 in this area

    129 Total Sales

    Section Image

  • M

    Seller Co-Listing Agent in 2022

    MARIA SABINO

    Baird Warner

    Section Image

  • L

    Buyer's Agent in 2022

    Loria Hamilton-Field

    Jason Mitchell Real Estate IL

    Section Image
  • George Ayling

    Seller's Agent in 2019

    George Ayling

    Select a Fee RE System

    (708) 466-4093

    262 Total Sales

    Section Image

  • D

    Seller Co-Listing Agent in 2019

    Digna Gomez

    Select a Fee RE System

  • D

    Buyer's Agent in 2019

    David Miranda

    Kale Realty

    (312) 953-6165

    2 in this area

    16 Total Sales

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11482103

Midwest Real Estate Data (MRED)

APN: 16021190340000

Illinois Cook County Chicago 60651 Humboldt Park

1318 N Ridgeway Ave, Chicago, IL

This home is located at 1318 N Ridgeway Ave, Chicago, IL 60651 since 13 August 2022. 1318 N Ridgeway Ave is a home located in Cook County with nearby schools including Cameron Elementary School, Orr Academy High School, and Rowe-Clark Math & Science Academy.

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