$875,000

Estimated payment $5,489/month

Total Views 1,309
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Presenting 2203-07 S Ridgeway Ave., a well-maintained 8-unit corner apartment building located in Chicago's desirable Little Village neighborhood. The property is comprised entirely of two-bedroom, one-bathroom units, providing consistent layouts that are attractive to both tenants and owners. Many of the apartments have been recently renovated with modern finishes, including granite countertops, new cabinetry, updated bathrooms, individual furnaces and hot water heaters, and new or refinished hardwood flooring. These improvements position the property well for strong rental performance with additional upside potential. Ideally located just one block from the CTA #21 bus line and approximately half a mile from the CTA Pink Line, the building offers excellent access to public transportation, further enhancing tenant demand. This property represents a solid value-add investment opportunity in a growing neighborhood with strong and stable rental demand.

Listing Agent

Brent Fallows

Fulton Grace Realty Brokerage Email: brent@fultongrace.com License #475152987 Listed on: 01/19/2026

Fulton Grace Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,291

Year Built

  • Built in 1914

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Utilities

  • No Cooling
  • Floor Furnace
  • Separate Meters

Additional Features

  • 2-Story Property
  • Lot Dimensions are 41x164
  • Unfinished Basement

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $467
  • Fuel Expense $793
  • Insurance Expense $7,258
  • Maintenance Expense $2,400
  • Other Expense $8,745
  • Trash Expense $2,958
  • Water Sewer Expense $4,000
  • Operating Expense $29,527
  • Gross Income $105,720
  • Net Operating Income $69,211

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,291

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1914
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: No
  • Attribution Contact: brent@fultongrace.com
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Refrigerators: 8
  • Ranges: 8
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: None On Site

Utilities

  • Cooling: None
  • Electric: Circuit Breakers, Separate Meters
  • Heat/Ventilation: Individual Furnaces

Condo/Co-op/Association

  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 2958
  • Water Sewer Expenses: 4000

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 41X164

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8
  • Tenancy Type: Leases

Multi Family

  • Net Operating Income: 69211
  • Fuel Expense: 793
  • Insurance Expense: 7258
  • ElectricExpense: 467
  • GrossIncome: 105720
  • Maintenance Expense: 2400
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 29527
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 11291
  • Tax Year: 2024

Map

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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 List to Sale Price per Sq Ft
01/19/2026 01/19/26 For Sale $875,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12549798

Midwest Real Estate Data (MRED)