NOT LISTED FOR SALE
6 Beds
3 Baths
2,244 Sq Ft
-- Built

Sale Details

Date Sold: January 31, 2025

Last sale price $449,000 $200 Per Sq Ft

14 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating System
  • 3-minute walk to Park No. 514

About This Home

As of January 2025

Introducing a prime investment opportunity at 1500 N Ridgeway Ave, Chicago, IL - a meticulously maintained multi-family property located in the vibrant Humboldt Park neighborhood. This newly listed three-flat building is an ideal choice for those seeking a reliable source of rental income. The property comprises five spacious bedrooms and three well-appointed bathrooms, each unit featuring modern amenities including separate utilities, central air conditioning, and contemporary finishes. Additional highlights include decks for outdoor enjoyment and a charming yard, enhancing the living experience for occupants. Currently, all units are occupied by dependable long-term tenants who wish to stay, making this a turnkey solution for investors. The building also offers the convenience of a two-car garage and is situated conveniently with easy access to public transportation. The Healy train station and North Ave & Central Park bus station are both within a short distance, facilitating commute around the city. Local amenities enhance this desirable location, with ALDI grocery store, George Westinghouse College Prep, Garfield Park Conservatory to the south and The '606' elevated park to the north all easily accessible, ensuring everyday needs and recreational activities are just a stone's throw away. Don't miss out on this exceptional offering in a sought-after area of Chicago. Schedule your viewing today to explore the potential of this attractive investment property. Act quickly, as it won't be available for long.

Last Agent to Sell the Property

Luis Saldana

Dwell License #471019218 Listed on: 12/07/2024

Last Buyer's Agent

Scott Henninger

Keller Williams Thrive License #475169380

Keller Williams Thrive

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,261

Year Renovated

  • 2018

Parking

  • 2 Car Detached Garage

Home Design

  • Combination Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Storage

Lot Details

  • Lot Dimensions are 25x125

Utilities

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

Community Details

  • 3 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,261

Year Renovated

2018

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2018
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2018

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Description: Unfinished,Storage Space
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Combination

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Lot Info

  • Lot Dimensions: 25X125
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 2261
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2024
Closed on
Jan 31, 2025
Sold by
Bought by
Seller's Agent
Luis Saldana
Dwell
Buyer's Agent
Scott Henninger
Keller Williams Thrive
List Price
$449,000
Sold Price
$449,000
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$458,653
Interest Rate
0.0663%
Mortgage Type
VA

Purchase Details

Closed on
Jan 23, 2023
Sold by
Bought by

Purchase Details

Closed on
May 15, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
0.0999%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 21, 2005
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$449,000 None Listed On Document
-- None Listed On Document
$300,000 Multiple
$100,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $456,938
Closed $458,653
Closed $300,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/31/2025 01/31/25 Sold $449,000 0.0% $200 / Sq Ft
01/31/2025 01/31/25 Off Market $449,000 -- --
12/21/2024 12/21/24 Pending -- -- --
12/07/2024 12/07/24 For Sale $449,000 -- $200 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,261 $30,000 $4,650 $25,350
2024 $2,261 $30,000 $4,650 $25,350
2023 $2,176 $14,000 $3,720 $10,280
2022 $2,176 $14,000 $3,720 $10,280
2021 $2,146 $14,000 $3,720 $10,280
2020 $3,595 $19,241 $4,340 $14,901
2019 $3,806 $22,374 $4,340 $18,034
2018 $3,741 $22,374 $4,340 $18,034
2017 $2,755 $16,172 $3,875 $12,297
2016 $2,981 $17,382 $3,875 $13,507
2015 $2,705 $17,382 $3,875 $13,507
2014 $2,425 $15,636 $3,720 $11,916
2013 $2,711 $17,537 $3,720 $13,817
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12222321

Midwest Real Estate Data (MRED)

APN: 16021040390000

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