7146 S Ridgeland Avenue Chicago, IL ^$ 599,053

7146 S Ridgeland Avenue

^$ 599,053

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New Construction

7146 S Ridgeland Avenue

Chicago, IL, 60649

^$ 599,053

Bedrooms12 Baths0.0

Monthly Estimate*

^$ 4,185

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Multi-Family Home for sale in Chicago, IL

for $599,053 with 12 bedrooms. This home was built in 1914.

Welcome to Jackson Park, the finest area in South Shore, where an exceptional opportunity awaits you. This 6-unit building boasts a desirable layout, with each unit featuring 2 spacious bedrooms and 1 bathroom along with huge living rooms, dining rooms, and sunrooms. Individual utilities ensure convenience and flexibility for both tenants and landlords. Brand new duck work and back porch in 2022. 3 units has been renovated to perfection in 2018. Moreover, the highly anticipated Obama Library, currently under construction nearby, promises to further enhance the value of the area in the coming years. There exists a notable potential to enhance the property's value through the upward adjustment of current below-market lease rates to align with prevailing market-level lease rates during the time of renewal or execution of new leases.

Multi-Family Active

Price

^$ 599,053

Bedrooms

Property Type

Multi-Family

Taxes

^$ 5,347

Style

Multi-Family

Year Built

1914

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11976319

Features

General

Zoning MULTI

Year Built 1914

Tenant Pays Electricity Heat Hot Water

Stories 4

Township Hyde Park

Tax Year 2022

Current Use Multi-Family

Gross Income 82800

County Cook

Net Operating Income 69125

Operating Expense 13675

Insurance Expense 7000

Property Type Commercial Sale Multi Family 5+

Status Active

Directions Take Stony Island north or south to 71st. Take 71st east to Ridgeland go south to address

City Chicago

Total Units 6

MLS Area CHI - South Shore

Street Name Ridgeland

Tax Annual Amount 5347

Electric Expense 575

Fuel Expense 0

Trash Expense 1800

Water Sewer Expense 1400

Additional Parcels Y/N N

Days on Market 53

Standard Status Active

Interior

Total Fireplaces 6

Street Suffix Avenue

Basement Unfinished

Exterior

Lot Dimensions 6678

* Excluded Features

List By

Dream Spots Leasing Inc

Broker

loraine@dreamspotsleasing.com

Affordability Calculator

$4,630

Per Month

Monthly Principal & Interest: $4,185
Monthly Property Taxes: $446
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$643,340

Percent of Sale Price 7%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/8/2024	$599,053		Listed Price

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7146 S Ridgeland Avenue, Chicago, IL, 60649 is a Multi-Family Home for sale at $599,053. 7146 S Ridgeland Avenue has 12 bedrooms, 0.0 baths, and was built in 1914. The property's zip code is 60649 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 4/30/2024.

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7146 S Ridgeland Avenue

Multi-Family Home for sale in Chicago, IL

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