2203 S Ridgeway Avenue Chicago, IL $ 875,000
2203 S Ridgeway Avenue
$ 875,000
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2203 S Ridgeway Avenue

Chicago, IL, 60623
$ 875,000
Bedrooms2 Baths0.0

Monthly Estimate*

$ 5,388

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Multi-Family Home for sale in Chicago, IL

for $875,000 with 2 bedrooms. This home was built in 1914.

Presenting 2203-07 S Ridgeway Ave., a well-maintained 8-unit corner apartment building located in Chicago's desirable Little Village neighborhood. The property is comprised entirely of two-bedroom, one-bathroom units, providing consistent layouts that are attractive to both tenants and owners. Many of the apartments have been recently renovated with modern finishes, including granite countertops, new cabinetry, updated bathrooms, individual furnaces and hot water heaters, and new or refinished hardwood flooring. These improvements position the property well for strong rental performance with additional upside potential. Ideally located just one block from the CTA #21 bus line and approximately half a mile from the CTA Pink Line, the building offers excellent access to public transportation, further enhancing tenant demand. This property represents a solid value-add investment opportunity in a growing neighborhood with strong and stable rental demand.

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Multi-Family Active

Price

$ 875,000

Bedrooms

2

Property Type

Multi-Family

Taxes

$ 11,291

Style

Multi-Family

Year Built

1914

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12549798

Features
General
Cooling None
Construction Materials Brick
Year Built 1914
Electric Circuit Breakers Separate Meters
Tenant Pays Electricity Heat
Stories Count 2
Tax Year 2024
Current Use Multi-Family
Gross Income 105720
County Cook
Net Operating Income 69211
Operating Expense 29527
Insurance Expense 7258
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 2400
Status New
Directions At the southeast corner of W Cermak Rd and S Ridgeway Ave
City Chicago
Number Of Units Total 8
MLS Area CHI - South Lawndale
Tax Annual Amount 11291
Electric Expense 467
Fuel Expense 793
Trash Expense 2958
Water Sewer Expense 4000
Additional Parcels Y/N N
Standard Status Active
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Interior
Basement Unfinished
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Exterior
Lot Dimensions 41X164
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* Excluded Features
List By
Fulton Grace Realty

Broker

brent@fultongrace.com

Email

Affordability Calculator

$6,328
Per Month
85%
15%
0%
Monthly Principal & Interest
$5,388
Monthly Property Taxes
$941
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/19/2026$875,000 Listed Price

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2203 S Ridgeway Avenue, Chicago, IL, 60623 is a Multi-Family Home for sale at $875,000. 2203 S Ridgeway Avenue has 2 bedrooms, 0.0 baths, and was built in 1914. The property's zip code is 60623 which is in Chicago, IL