NOT LISTED FOR SALE

5023 N Ridgeway Ave Chicago, IL 60625

Albany Park Neighborhood
7 Beds
4 Baths
-- Sq Ft
3,485 Sq Ft Lot Lot

Sale Details

Date Sold: March 21, 2024

Last sale price $640,000

Highlights

  • Property is near park
  • Intercom
  • Ceiling Fan
  • 2 Car Detached Garage
  • Patio
  • 2-minute walk to Eugene Field Park

About This Home

As of March 2024

Albany Park brick 2 flat with Garden unit offers great investment opportunity. 1st & 2nd floor units feature large living room with hardwood floor & crown molding, 3 bedrooms and 1.5 baths, updated kitchens with granite counters, dining room with hardwood floors, in unit Washer/Dryer, and front & back entrances. Potential 1 bedroom, 1 bath garden apartment. 2 car garage and 2 parking spaces. Ample storage in basement. All units on separate electrical, gas meters, and water boiler. 2 hot water heaters, numerous window AC units, roof approx. 10 years, garage roof 5 years, windows 2014. Selling As-Is Ideally located on a dead-end street step from Eugene Field Park with walking path, playground & open space, a few blocks to the Brown Line, walking distance to North Park & Northeastern Universities, shopping, and dining.

Last Agent to Sell the Property

David Schwabe

Compass License #475136522 Listed on: 02/25/2024

Compass

Co-Listed By

Faith Gleeson

Compass License #475125883

Last Buyer's Agent

Nella Ovallos

Chicagoland Brokers, Inc. License #475206182

Chicagoland Brokers, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,785

Year Built

  • Built in 1927

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 25 x 125
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • 2 Open Parking Spaces
  • Garage Door Opener
  • Off Alley Parking
  • Parking Included in Price

Home Design

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

Interior Spaces

  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Home Security

  • Intercom
  • Carbon Monoxide Detectors

Utilities

  • Radiant Heating System
  • Lake Michigan Water

Additional Features

  • Patio
  • Property is near park

Community Details

  • 2 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,785

Year Built

Built in 1927

Lot Details

3,485 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1927
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Other Equipment: Intercom, CO Detectors, Ceiling Fan(s)
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • OpenParkingSpaces: 2
  • Parking Features: Off Alley
  • ParkingTotal: 4
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Radiant
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Park, Sidewalks, Street Lights, Street Paved

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.08
  • Lot Dimensions: 25 X 125
  • Zoning: MULTI
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 7784.78
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat
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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
03/21/2024 03/21/24 Sold $640,000 +6.7% --
02/25/2024 02/25/24 Pending -- -- --
02/25/2024 02/25/24 For Sale $599,900 +60.0% --
08/01/2014 08/01/14 Sold $375,000 +7.2% -- View Prior Sale
06/13/2014 06/13/14 Pending -- -- --
06/09/2014 06/09/14 For Sale $349,900 0.0% --
05/30/2014 05/30/14 Pending -- -- --
05/23/2014 05/23/14 For Sale $349,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

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 $8,008 $55,000 $13,125 $41,875
2024 $8,008 $55,000 $13,125 $41,875
2023 $7,785 $41,135 $10,500 $30,635
2022 $7,785 $41,135 $10,500 $30,635
2021 $8,407 $45,000 $10,500 $34,500
2020 $6,410 $29,564 $5,437 $24,127
2019 $6,159 $33,982 $5,437 $28,545
2018 $6,410 $35,781 $5,437 $30,344
2017 $7,010 $32,458 $4,875 $27,583
2016 $7,424 $36,941 $4,875 $32,066
2015 $6,793 $36,941 $4,875 $32,066
2014 $5,677 $33,056 $4,500 $28,556
2013 $5,554 $33,056 $4,500 $28,556
Source: Public Records

Agents Affiliated with this Home

  • David Schwabe

    Seller's Agent in 2024

    David Schwabe

    Compass

    (847) 636-6747

    1 in this area

    400 Total Sales

    David Schwabe
    Section Image
  • Faith Gleeson

    Seller Co-Listing Agent in 2024

    Faith Gleeson

    Compass

    (847) 912-6382

    1 in this area

    52 Total Sales

    Faith Gleeson
    Section Image
  • Nella Ovallos

    Buyer's Agent in 2024

    Nella Ovallos

    Chicagoland Brokers, Inc.

    (815) 416-8673

    1 in this area

    61 Total Sales

    Nella Ovallos
    Section Image

  • A

    Seller's Agent in 2014

    Adrian Martinez

    Realty ONE Group Karmma

    (773) 842-0259

    22 Total Sales

    Adrian Martinez
    Section Image
  • Rizwan Gilani

    Buyer's Agent in 2014

    Rizwan Gilani

    ALLURE Real Estate

    (773) 456-6168

    1 in this area

    295 Total Sales

    Rizwan Gilani
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11979616

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

5023 N Ridgeway Ave, Chicago, IL

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.

Midwest Real Estate Data (MRED) 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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