1540 S Ridgeway Avenue Chicago, IL $ 489,900
1540 S Ridgeway Avenue
$ 489,900
Recently Listed
Open House 12/27 12pm - 2pm
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1540 S Ridgeway Avenue

Chicago, IL, 60623
$ 489,900
Bedrooms7 Baths3.0

Monthly Estimate*

$ 3,056

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Multi-Family Home for sale in Chicago, IL

for $489,900 with 7 bedrooms and 3 full baths. This home was built in 1903.

Welcome to a stunning 2025 full-gut rehabbed 2-flat located in the rapidly appreciating Lawndale neighborhood. Perfect for investors or owner-occupants looking for rental income, this property offers the perfect blend of modern finishes, functionality, and value. The first-floor duplex features 4 bedrooms and 2 full baths, offering generous living space ideal for larger households or higher rent potential. The second-floor unit includes 3 bedrooms and a full bath, perfect for an owner's unit or solid long-term tenant. Both units feature modern layouts, modern kitchens with quartz countertops, stainless steel appliances, new shaker cabinets, and designer bathrooms with contemporary tile and fixtures. Completely rebuilt from top to bottom with brand-new electrical (200-amp service), plumbing, HVAC, central air, roof, windows, and hardwood flooring. Exterior updates include fresh tuckpointing, rear deck, and fenced yard for added privacy. Separate utilities make this a true turnkey investment. Centrally located near Douglas Park, Kedzie Ave, and minutes to the expressway-this property is surrounded by ongoing development and community revitalization. Nothing to do but move in or rent out and start cash flowing. Schedule your showing today-this one won't last!

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Open House

12/27/2025 12:00 PM - 2:00 PM
1540 S Ridgeway Avenue Chicago, IL
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

$ 489,900

Bedrooms

7

Full Bath

3

Property Type

Multi-Family

Taxes

$ 4,445

Style

Year Built

1903

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12535068

Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing
Zoning MULTI
Construction Materials Brick
Year Built 1903
Township West Chicago
Tax Year 2023
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 14
Status Active
Directions 16th St (1600S) to Ridgeway (3734W) 1 way North
City Chicago
High School District 299
MLS Area CHI - North Lawndale
Tax Annual Amount 4445.76
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Finished Full
Total Bedrooms 7
Total Baths 3
Bedrooms Possible 7
Full Baths Building 3
Half Baths Building 0
Total Number of Units 2
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Exterior
Parking Features Off Alley Yes
Water Source Lake Michigan
Total Parking 2
Lot Dimensions 25X125
Waterfront Y/N N
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* Excluded Features
List By
Chicagoland Brokers, Inc.

Broker

marcuscarter.realtor@gmail.com

Email

Affordability Calculator

$3,427
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,056
Monthly Property Taxes
$370
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/25/2025$489,900 Listed Price

Map


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1540 S Ridgeway Avenue, Chicago, IL, 60623 is a Multi-Family Home for sale at $489,900. 1540 S Ridgeway Avenue has 7 bedrooms, 3.0 baths, and was built in 1903. The property's zip code is 60623 which is in Chicago, IL