Seller's Agent in 2026
Brent Fallows
Fulton Grace
(847) 804-0612
1 in this area
10 Total Sales
2203 S Ridgeway Ave Chicago, IL 60623
Little Village Neighborhood
--
Bed
--
Bath
--
Sq Ft
1914
Built
About This Home
As of April 2026Presenting 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.
Last Agent to Sell the Property
Fulton Grace Realty Brokerage Email: brent@fultongrace.com License #475152987 Listed on: 01/19/2026
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
Listing and Financial Details
- Tenant pays for electricity, heat
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
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/10/2026 04/10/26 | Sold | $835,000 | -4.6% | -- |
| 02/23/2026 02/23/26 | Pending | -- | -- | -- |
| 01/19/2026 01/19/26 | For Sale | $875,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Agents Affiliated with this Home
-
Brent Fallows
-
Michael Savegnago
M
Buyer's Agent in 2026
Michael Savegnago
Legacy Properties, A Sarah Leonard Company
1 in this area
39 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12549798
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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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