530 S Ridgeland Avenue
Oak Park, IL, 60304 $ 575,000
Bedrooms4 Baths2.0 Sq 2,200 Monthly Estimate*
$ 3,631
for $575,000 with 4 bedrooms and 2 full baths. This 2,200 square foot home was built in 1916.
Welcome to 530 S. Ridgeland Ave! This well-maintained all-brick two-unit building is a fantastic opportunity for both owner-occupants and investors. Each unit features 2 spacious bedrooms, 1 full bathroom, beautiful hardwood floors, and plenty of natural light. The first-floor unit is currently tenant-occupied on a two-year lease at market rent, providing immediate rental income, while the second-floor unit is vacant, updated, and move-in ready, making it perfect for an owner occupant, or an investor seeking additional cash flow. Recent updates include a new roof (2019), water heater (2023), updated kitchen and bathroom, newer windows, and an updated electrical panel. The bright enclosed sunroom offers additional living space and has the potential to be converted into a third bedroom, home office, or flex room. Outside, you'll find a fenced backyard, a detached two-car garage, and an additional carport currently used by the tenant for off-street parking. Conveniently located in the heart of Oak Park with easy access to I-290, public transportation, shopping, dining, parks, and schools, this turnkey property offers the perfect combination of comfort, convenience, and investment potential. Nothing to do but move in and start collecting rental income. Showings are only available for the upstairs unit. Schedule your private showing today!
See more
FeaturesGeneralSewer Public Sewer
Heating Natural Gas
Possession Immediate
Garage Spaces 2
Construction Materials Brick
Year Built 1916
Township Oak Park
Tax Year 2023
Ownership Fee Simple
Gross Income 27300
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 14
Status New
Directions South of Madison to East side of Ridgeland to the property
High School Oak Park & River Forest High Sch
City Oak Park
High School District 200
MLS Area Oak Park
Tax Annual Amount 14018
Standard Status Active
Middle/Junior School District 97
Elementary School District 97
See more
InteriorBasement Unfinished Full
Total Bedrooms 4
Total Baths 2
Bedrooms Possible 4
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
See more
ExteriorParking Features Yes Garage Owned Detached Garage
Water Source Lake Michigan Public
Total Parking 2
Lot Dimensions 34x127
Waterfront Y/N N
See more
* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $3,631
- Monthly Property Taxes
- $1,168
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyMulti-family listings in Oak Park, IL
Average List Price $1,133,175
Percent of Sale Price 97%
About Oak Park, IL 51,895 Population
-1% Since 2002
$ 86,418 Median Income
40.94 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
567498 Elementary School
567734 Middle School
Oak Park & River Forest High Sch High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/9/2026 | $575,000 | | Listed Price |