BW
Brian Wacht
Kale Realty
(224) 258-0319
75 Total Sales
1 in North Lawndale
$340,000 Price
1540 S Ridgeway Ave Chicago, IL 60623
North Lawndale Neighborhood
7
Beds
3
Baths
--
Sq Ft
1903
Built
About This Home
As of February 2026Welcome to a stunning 2025 full-gut rehabbed 2-flat located in the rapidly appreciating Lawndale neighborhood. Perfect for investors or owner-occupants looking for rental income, this property offers the perfect blend of modern finishes, functionality, and value. The first-floor duplex features 4 bedrooms and 2 full baths, offering generous living space ideal for larger households or higher rent potential. The second-floor unit includes 3 bedrooms and a full bath, perfect for an owner's unit or solid long-term tenant. Both units feature modern layouts, modern kitchens with quartz countertops, stainless steel appliances, new shaker cabinets, and designer bathrooms with contemporary tile and fixtures. Completely rebuilt from top to bottom with brand-new electrical (200-amp service), plumbing, HVAC, central air, roof, windows, and hardwood flooring. Exterior updates include fresh tuckpointing, rear deck, and fenced yard for added privacy. Separate utilities make this a true turnkey investment. Centrally located near Douglas Park, Kedzie Ave, and minutes to the expressway-this property is surrounded by ongoing development and community revitalization. Nothing to do but move in or rent out and start cash flowing. Schedule your showing today-this one won't last!
Last Agent to Sell the Property
Chicagoland Brokers, Inc. License #475166498 Listed on: 12/19/2025
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,446
Year Built
- Built in 1903 | Remodeled in 2025
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Potential Bedrooms
- 3 Bathrooms
Parking
- 2 Parking Spaces
- Parking Available
- Off Alley Parking
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Basement Fills Entire Space Under The House
- Porch
- Lot Dimensions are 25x125
Community Details
- 2 Units
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 19, 2025
Closed on
Feb 13, 2026
Sold by
Ftm Capital Jc Llc
Bought by
Seller's Agent
Marcus Carter
Chicagoland Brokers, Inc.
Buyer's Agent
Michelle Pittman
Compass
List Price
$489,900
Sold Price
$480,715
Premium/Discount to List
-$9,185
-1.87%
Views
19
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,007
Outstanding Balance
$469,972
Interest Rate
5.62%
Mortgage Type
FHA
Purchase Details
Closed on
May 6, 2025
Sold by
Fairfield Acquisitions Llc
Bought by
Ftm Capital Jc Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,250
Interest Rate
6.64%
Mortgage Type
Construction
Purchase Details
Closed on
Mar 3, 2025
Sold by
Intercounty Judicial Sales Corporation
Bought by
Fairfield Acquisitions Llc
Purchase Details
Closed on
Apr 20, 2015
Sold by
Jovanovic Petar
Bought by
Equity Investments & Venture Group Llc & 1
Purchase Details
Closed on
Feb 18, 2010
Sold by
Federal National Mortgage Association
Bought by
Jovanovic Petar
Purchase Details
Closed on
Oct 12, 2009
Sold by
Lynch Courtney
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
Sep 20, 2007
Sold by
Francis Gerald C and Francis Gerald
Bought by
Lynch Courtney
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.66%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 14, 2006
Sold by
Morcom Construction Inc
Bought by
Francis Gerald
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
8.1%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 6, 2005
Sold by
Mfh Investment Group
Bought by
Morcom Construction Co
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,880
Interest Rate
5.88%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 14, 2005
Sold by
Burks Louise
Bought by
Mfh Investment Group
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,880
Interest Rate
5.88%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 11, 2003
Sold by
Bridge John
Bought by
Burks Louise L
Purchase Details
Closed on
Apr 14, 2003
Sold by
Woods
Bought by
Bridge John
Purchase Details
Closed on
Feb 29, 1996
Sold by
Woods Thomas L
Bought by
Woods Isom and Woods Mary
Home Values in the Area
Average Home Value in this Area
Agents Specializing in North Lawndale, IL
-
Brian Wacht
-
Marla Schneider
Marla Schneider
Coldwell Banker Realty
(224) 258-0591
255 Total Sales
2 in North Lawndale
$265K - $310K Price Range
-
Don Robinson
Don Robinson
ABS Property Consulting
(866) 346-9374
46 Total Sales
2 in North Lawndale
$330K - $510K Price Range
-
Ivonne Payes
Ivonne Payes
Payes Real Estate Group
(224) 206-0617
236 Total Sales
1 in North Lawndale
$175,000 Price
-
LaShonda Williams
LaShonda Williams
Living Well Realty Co.
(708) 340-6460
69 Total Sales
4 in North Lawndale
$145K - $3.4M Price Range
-
Gustavo Vargas
Gustavo Vargas
RE/MAX Partners
(708) 554-7307
83 Total Sales
1 in North Lawndale
$145,000 Price
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 |
|---|---|---|---|
| $481,000 | Chicago Title | ||
| Ftm Capital Jc Llc | $155,000 | None Listed On Document | |
| Fairfield Acquisitions Llc | -- | None Listed On Document | |
| Equity Investments & Venture Group Llc & 1 | -- | Attorney | |
| Jovanovic Petar | $18,000 | Attorneys Title Guaranty Fun | |
| Federal National Mortgage Association | -- | None Available | |
| Lynch Courtney | $400,000 | Chicago Title Insurance Co | |
| Francis Gerald | $350,000 | Lt | |
| Morcom Construction Co | $147,000 | Ticor Title Insurance Compan | |
| Mfh Investment Group | $55,000 | Ticor Title Insurance Compan | |
| Burks Louise L | $168,000 | Law Title | |
| Bridge John | $58,500 | -- | |
| Woods Isom | -- | Attorneys Natl Title Network |
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 | $472,007 | ||
| Closed | Ftm Capital Jc Llc | $293,250 | |
| Previous Owner | Lynch Courtney | $320,000 | |
| Closed | Francis Gerald | $280,000 | |
| Previous Owner | -- | $205,880 | |
| Previous Owner | Mfh Investment Group | $66,846 |
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 |
|---|---|---|---|---|
| 02/24/2026 02/24/26 | Sold | $480,715 | -1.9% | -- |
| 01/13/2026 01/13/26 | Pending | -- | -- | -- |
| 12/19/2025 12/19/25 | For Sale | $489,900 | -- | -- |
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 | $607 | $20,240 | $5,020 | $15,220 |
| 2024 | $569 | $18,980 | $4,760 | $14,220 |
| 2023 | $461 | $15,360 | $3,920 | $11,440 |
| 2022 | $0 | $14,080 | $0 | $0 |
| 2021 | $240 | $12,900 | $0 | $0 |
| 2020 | $240 | $11,200 | $0 | $0 |
| 2019 | $239 | $11,140 | $0 | $0 |
| 2018 | $220 | $10,340 | $0 | $0 |
| 2017 | $204 | $9,640 | $0 | $0 |
| 2016 | $191 | $9,100 | $0 | $0 |
| 2015 | $195 | $9,260 | $0 | $0 |
| 2014 | $188 | $8,960 | $0 | $0 |
| 2013 | -- | $8,760 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Marcus Carter
MC
Seller's Agent in 2026
Marcus Carter
Chicagoland Brokers, Inc.
1 in this area
30 Total Sales
-
Michelle Pittman
MP
Buyer's Agent in 2026
Michelle Pittman
Compass
(773) 558-2861
1 in this area
1 Total Sale
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12535068
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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