5791 N Ridge Ave Chicago, IL 60660
Edgewater NeighborhoodEstimated payment $7,814/month
Total Views
2,497
8
Beds
7
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- Forced Air Heating System
- Paved or Partially Paved Lot
- 4-minute walk to Senn Park
About This Home
Rare Investment Opportunity in Edgewater! Welcome to 5791 N Ridge Ave - a beautifully maintained legal 4-unit brick building offering strong rental income and long-term value. With extensive updates throughout, this is a true turnkey property ideal for both seasoned investors and first-time multi-unit buyers. The building features three spacious 2 bed / 2 bath units, plus a 2 bed / 1 bath garden apartment. Each unit offers hardwood floors, stylish kitchens, updated bathrooms, in-unit laundry. 1st, 2nd, and 3rd floor each has a gas fireplace and individual mechanicals. Major capital improvements include: * 2010 full remodel: new electrical, plumbing, building & garage roofs, 4 boilers, 4 A/C units, and all new appliances * Furnace upgrades: 3rd floor (2010), basement (2011), 2nd floor (2013) * Ongoing updates: dishwashers, microwaves, washers/dryers, hot water heater (2022), garage tuckpointing (2011), masonry repairs (2023) * Iron fence (2016) adds curb appeal and privacy Located in Edgewater, a highly desireable communite with public transportation, shops, and restaurants. Currently, the building is self-managed, and the saving is then passed on to the tenants. The current rent is below market value because tenants are long-time, stable tenants. A rare opportunity to own an income-producing asset in one of Chicago's consistent North Side rental markets. Don't miss it!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,760
Year Built
- Built in 1932 | Remodeled in 2010
Lot Details
- Lot Dimensions are 30x125
- Paved or Partially Paved Lot
Parking
- 2 Car Garage
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Potential Bedrooms
- 7 Bathrooms
Basement
- Partial Basement
Utilities
- Forced Air Heating System
- Lake Michigan Water
Community Details
- 4 Units
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/09/2025 06/09/25 | Pending | -- | -- | -- |
| 06/05/2025 06/05/25 | For Sale | $1,250,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Similar Homes in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12381656
APN: 14-05-312-010-0000
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