NOT LISTED FOR SALE

4932 N Ridgeway Ave Chicago, IL 60625

Albany Park Neighborhood
9 Beds
7 Baths
-- Sq Ft
-- Built

Last Sold September 10, 2020

Last sale price $785,000

7 Days on Market

Highlights

  • Gated Community
  • Sun or Florida Room
  • 3 Car Detached Garage
  • Deck
  • Sitting Room
  • 4-minute walk to Eugene Field Park

About This Home

As of September 2020

MATTERPORT/3D VIRTUAL TOUR LINK AVAILABLE! EXTREMELY RARE OPPORTUNITY TO OWN THIS EXTRA WIDE ALL BRICK MULTIFAMILY TROPHY BUILDING SITTING ON AN OVERSIZED 37.5' WIDE LOT ON A QUIET TREE LINED ONE-WAY STREET NEAR PARKS, RETAIL, RESTAURANTS, NORTH PARK, BROWN LINE AND MORE FEATURING 3 ENORMOUS 2,000 SQFT 3 BED / 2 BATH UNITS W/24' WIDE LIVING AREA, SEP DINING ROOM, SUNROOM, OFFICE, SITTING ROOM & DECK PLUS UNPARALLELED VALUE ADD POTENTIAL W/VANILLA BOXED BARELY BELOW GRADE GARDEN UNIT WITH 10' CEILINGS & NEW WINDOWS PREPPED FOR A LARGE 2 BEDROOM ADDT'L INCOME GENERATOR; ELEVATED FIRST FLOOR UNIT IMPECCABLY RENOVATED TO CONDO QUALITY W/RESTORED/PRESERVED CHARACTER FOR THE PERFECT OWNER'S UNIT W/NEW/REFINISHED HARDWOOD T/O, UPDATED OAK/GRANITE KITCHEN W/NEW S/S APPLIANCES/BACKSPLASH/FLOORING, NEW BATHS, WALK-IN CLOSET, NEW CENTRAL HEAT/AIR & PRIVATE IN-UNIT LAUNDRY; SECOND/THIRD FLOOR UNITS NEVER VACANT W/ROOM TO ADD VALUE & INCREASE RENTS; COMPREHENSIVE EXTERIOR/COMMON AREA IMPROVEMENTS METICULOUSLY PERFORMED TO RESTORE AND FORTIFY FOR THE LONG TERM INCLUDING NEW/NEWER WINDOWS, MASONRY, PAVERS, SIDEWALKS, DRAINAGE, FIXTURES, LIGHTING, SAFETY FEATURES & RESTORATION OF LIMESTONE/WOODWORK/TILING; NEW COMMON LAUNDRY ROOM, BIKE STORAGE ROOM, PRIVATE STORAGE FOR EACH UNIT & 3-CAR BRICK GARAGE!

Last Agent to Sell the Property

Mario Greco

Compass License #475105845 Listed on: 06/15/2020

Compass

Co-Listed By

Cyrus Seraj

Compass License #471003244

Last Buyer's Agent

Rebecca Lundstrom

Vestian Global Workplace Services, LLC License #475153823

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,062

Year Renovated

  • 2019

Lot Details

  • Lot Dimensions are 37.5x125
  • Paved or Partially Paved Lot

Parking

  • 3 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Entrance Foyer
  • Sitting Room
  • Sun or Florida Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 7 Bathrooms
  • Soaking Tub
  • Separate Shower

Partially Finished Basement

  • English Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Rough-In Basement Bathroom
  • Basement Window Egress

Home Security

  • Intercom
  • Storm Screens

Outdoor Features

  • Deck

Schools

  • Volta Elementary School
  • Roosevelt High School

Utilities

  • Two Heating Systems
  • Forced Air Heating System
  • Radiator
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Lake Michigan Water
  • Cable TV Available

Community Details

Building Details

  • Electric Expense $300
  • Fuel Expense $4,300
  • Insurance Expense $2,400
  • Professional Management Expense $2,100
  • Water Sewer Expense $1,650
  • Gross Income $74,400
  • Net Operating Income $52,560

Additional Features

  • 3 Units
  • Common Area
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,062

Year Renovated

2019

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Professional Management Expense: 2100
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2019
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2019

Interior Features

  • Basement: Full, English
  • Total Bathrooms: 7
  • Total Bedrooms: 9
  • Other Equipment: Intercom
  • Room Type: Foyer, Sitting Room, Sun Room
  • Basement Description: Partially Finished,Exterior Access,Bathroom Rough-In,Egress Window
  • Bathroom Amenities: Separate Shower,Soaking Tub
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 6
  • Half Bathrooms in Building: 1
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Disposal,Central Air Conditioner,Fireplace-Gas,Garage/Space,Laundry Hook-Up,Hardwood Floors,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Fireplace-Gas,Garage/Space,Range Hood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Fireplace-Gas,Range Hood,Hardwood Floors

Exterior Features

  • ExteriorFeatures: Deck, Storms/Screens, Cable Access
  • Foundation Details: Concrete Perimeter
  • List Price: 799500
  • Lot Features: Common Grounds
  • Roof: Rubber, Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Steam, Radiator(s), Sep Heating Systems - 2+, Indv Controls
  • Water Source: Lake Michigan

Condo/Co-op/Association

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

Fee Information

  • Water Sewer Expenses: 1650

Schools

  • Elementary School: Volta Elementary School
  • High School: Roosevelt High School
  • Middle/Junior School: Volta Elementary School
  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 37.5X125
  • Zoning: MULTI
  • Lot Size: Oversized Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 52560
  • Fuel Expense: 4300
  • Insurance Expense: 2400
  • ElectricExpense: 300
  • GrossIncome: 74400
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 11062.05
  • Tax Year: 2018
  • 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
09/10/2020 09/10/20 Sold $785,000 -1.8% --
06/22/2020 06/22/20 Pending -- -- --
06/15/2020 06/15/20 For Sale $799,500 0.0% --
02/01/2018 02/01/18 Rented $2,100 +5.0% --
01/23/2018 01/23/18 For Rent $2,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mario Greco

    Seller's Agent in 2020

    Mario Greco

    Compass

    (773) 255-6562

    5 in this area

    1,051 Total Sales

    Mario Greco
    Section Image
  • Cyrus Seraj

    Seller Co-Listing Agent in 2020

    Cyrus Seraj

    Compass

    (773) 495-3303

    1 in this area

    125 Total Sales

    Cyrus Seraj
    Section Image

  • R

    Buyer's Agent in 2020

    Rebecca Lundstrom

    Vestian Global Workplace Services, LLC

    Section Image
  • Kaveh Jafarabadi

    Seller's Agent in 2018

    Kaveh Jafarabadi

    Broker Hill LLC

    (312) 613-8326

    6 Total Sales

    Kaveh Jafarabadi
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10747157

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60625 Albany Park

4932 N Ridgeway Ave, Chicago, IL

This home is located at 4932 N Ridgeway Ave, Chicago, IL 60625 since 15 June 2020. 4932 N Ridgeway Ave is a home located in Cook County with nearby schools including Volta Elementary School, Roosevelt High School, and ASPIRA Haugan Middle School.

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