7948 S Ridgeland Avenue Chicago, IL ^$ 298,000

7948 S Ridgeland Avenue

^$ 298,000

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7948 S Ridgeland Avenue

Chicago, IL, 60617

^$ 298,000

Bedrooms5 Baths4.0

Monthly Estimate*

^$ 2,082

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Multi-Family Home for sale in Chicago, IL

for $298,000 with 5 bedrooms and 4 full baths. This home was built in 1924.

3 unit all brick building on a quiet block of mostly single family homes. Building is zoned for 4 units - top floor combined 2 units together, can be de-converted for 4 legal units! As it is, the 2nd floor unit is a huge 3BR/2BA apartment that occupies the entire floor with new dishwasher, zoned heating, separate water heaters, and lots of closet space. The 1st floor units are each 1BR/1BA with new dishwashers and separate furnaces and water heaters. Coin laundry in the basement, large lot, and 3 car garage. As-is sale.

Multi-Family Active

Price

^$ 298,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 3,496

Style

Year Built

1924

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12000046

Features

General

Sewer Public Sewer

Heating Natural Gas

Possession Closing

Zoning MULTI

Garage Spaces 3

Year Built 1924

Township Hyde Park

Tax Year 2022

Percent Ownership Fee Simple

Gross Income 39000

Community Features Curbs Gated Sidewalks Street Lights Street Paved

County Cook

New Construction N

Property Type Residential Income Two to Four Units

Total Rooms 12

Status Active

Directions Stony Island to South Chicago Ave. South to Ridgeland north on Ridgeland to building.

City Chicago

High School District 299

MLS Area CHI - South Chicago

Waterfront Y/N N

Street Name Ridgeland

Tax Annual Amount 3496.4

Additional Parcels Y/N N

Days on Market 40

Standard Status Active

Middle/Junior School District 299

Elementary School District 299

Interior

Basement Full Unfinished

Street Suffix Avenue

Total Bedrooms 5

Total Baths 4

Bedrooms Possible 5

Full Baths Building 4

Half Baths Building 0

Total Number of Units 3

Exterior

Water Source Public

Total Parking 3

Lot Dimensions 40X125

Garage Onsite Yes

Garage Type Detached

Garage Ownership Owned

Exterior Brick

* Excluded Features

List By

Compass

Broker

Santiago@Chicago773.com

Affordability Calculator

$2,373

Per Month

Monthly Principal & Interest: $2,082
Monthly Property Taxes: $291
Monthly Home Insurance: --

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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 ^$643,646

Percent of Sale Price 116%

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.

566059 Elementary School

566846 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/9/2024	$298,000		Listed Price

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7948 S Ridgeland Avenue, Chicago, IL, 60617 is a Multi-Family Home for sale at $298,000. 7948 S Ridgeland Avenue has 5 bedrooms, 4.0 baths, and was built in 1924. The property's zip code is 60617 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 4/27/2024.

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7948 S Ridgeland Avenue

Multi-Family Home for sale in Chicago, IL

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