NOT LISTED FOR SALE

2844 N Ridgeway Ave Chicago, IL 60618

Avondale Neighborhood
4 Beds
2 Baths
2,628 Sq Ft
-- Built

Last Sold April 12, 2022

Last sale price $703,751 $268 Per Sq Ft

5 Days on Market

Highlights

  • Gated Community
  • Lower Floor Utility Room
  • European Shower
  • Screened Porch
  • 2 Car Detached Garage
  • Two Heating Systems

About This Home

As of April 2022

Incredible investment opportunity in the Avondale neighborhood with a 7% cap rate. This charming 2 unit building with non-conforming garden unit is the perfect low-maintenance property having recently undergone extensive renovations. Each unit features 2 bedrooms, 1 bath with updated white kitchens, stainless steel appliances and granite countertops. Second floor unit has private washer / dryer while unit 1 and garden share laundry in the pristine lower level common area. Enclosed lot with fresh landscaping, beautiful backyard and 2 car detached garage. Steps away from public transportation, restaurants and shopping. You don't want to miss this!

Last Agent to Sell the Property

Ivan Madera

Jameson Sotheby's Intl Realty License #475173530 Listed on: 03/08/2022

Jameson Sotheby's Intl Realty

Co-Listed By

Stephanie Juckem

Jameson Sotheby's Intl Realty License #475183169

Last Buyer's Agent

Zachary Koran

Baird & Warner License #475158918

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,997

Year Renovated

  • 2019

Lot Details

  • Lot Dimensions are 25x125
  • Paved or Partially Paved Lot

Parking

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

Home Design

  • Flat Roof Shape
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Screened Porch
  • Lower Floor Utility Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms
  • European Shower
  • Separate Shower

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Outdoor Features

  • Tideland Water Rights
  • Breezeway

Utilities

  • Two Heating Systems
  • Radiator
  • Individual Controls for Heating
  • Lake Michigan Water

Community Details

Overview

  • 2 Units
  • Avondale Estates Subdivision, 3 Story Building Floorplan

Building Details

  • Electric Expense $4,428
  • Insurance Expense $1,656
  • Water Sewer Expense $1,128
  • Gross Income $65,364
  • Net Operating Income $48,732

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,997

Year Renovated

2019

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Subdivision Name: Avondale Estates
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2019
  • New Construction Y/N: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2019

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Other Equipment: CO Detectors, Ceiling Fan(s)
  • Room Type: Enclosed Porch, Screened Porch, Utility Room-Lower Level
  • Basement Description: Finished,Exterior Access
  • Bathroom Amenities: Separate Shower,European Shower
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner,Garage/Space,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Garage/Space,Hardwood Floors

Exterior Features

  • ExteriorFeatures: Storms/Screens, Breezeway
  • Foundation Details: Concrete Perimeter
  • List Price: 685000
  • Roof: Rubber, Flat
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Brick

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: Radiator(s), Sep Heating Systems - 2+, Indv Controls
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Water Rights, Curbs, Gated, Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 1128
  • Other Expenses $: 2424

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • 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: 48732
  • Insurance Expense: 1656
  • ElectricExpense: 4428
  • GrossIncome: 65364
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 6997.46
  • Tax Year: 2020
  • Tax Exemptions: None

Range of Values:

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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 Prior Sale
04/12/2022 04/12/22 Sold $703,751 +2.7% $268 / Sq Ft
03/14/2022 03/14/22 Pending -- -- --
03/08/2022 03/08/22 For Sale $685,000 +19.1% $261 / Sq Ft
12/27/2019 12/27/19 Sold $575,000 -5.4% $219 / Sq Ft View Prior Sale
11/18/2019 11/18/19 Pending -- -- --
11/15/2019 11/15/19 For Sale $607,800 0.0% $231 / Sq Ft
11/07/2019 11/07/19 Pending -- -- --
11/05/2019 11/05/19 Price Changed $607,800 -1.9% $231 / Sq Ft
10/23/2019 10/23/19 For Sale $619,700 -- $236 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • I

    Seller's Agent in 2022

    Ivan Madera

    Jameson Sotheby's Intl Realty

    1 in this area

    25 Total Sales

    Ivan Madera
    Section Image
  • Stephanie Juckem

    Seller Co-Listing Agent in 2022

    Stephanie Juckem

    Jameson Sotheby's Intl Realty

    (312) 837-1111

    1 in this area

    54 Total Sales

    Stephanie Juckem
    Section Image
  • Zachary Koran

    Buyer's Agent in 2022

    Zachary Koran

    Baird & Warner

    (312) 662-9977

    6 in this area

    145 Total Sales

    Zachary Koran
    Section Image

  • A

    Seller's Agent in 2019

    Adam Matuszek

    PROSALES REALTY

    (847) 791-9033

    83 Total Sales

    Adam Matuszek
    Section Image
  • Kelly Angelopoulos

    Buyer's Agent in 2019

    Kelly Angelopoulos

    Jameson Sotheby's Intl Realty

    (312) 636-5652

    5 in this area

    132 Total Sales

    Kelly Angelopoulos
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11341693

Midwest Real Estate Data (MRED)

APN: 13261270330000

Illinois Cook County Chicago 60618 Avondale

2844 N Ridgeway Ave, Chicago, IL

This home is located at 2844 N Ridgeway Ave, Chicago, IL 60618 since 08 March 2022. 2844 N Ridgeway Ave is a home located in Cook County with nearby schools including Monroe Elementary School, Schurz High School, and Aspira Business & Finance High School.

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