7516 N Ridge Boulevard Chicago, IL ^$ 900,000

7516 N Ridge Boulevard

^$ 900,000

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7516 N Ridge Boulevard

Chicago, IL, 60645

^$ 900,000

Bedrooms2 Baths0.0

Monthly Estimate*

^$ 6,216

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Multi-Family Home for sale in Chicago, IL

for $900,000 with 2 bedrooms. This home was built in 1948 on a lot size of 0.060606.

6-flat building located at 7516.5 N Ridge Blvd in Chicago's West Ridge neighborhood. The property consists entirely of two-bedroom, one-bathroom units, with half of the apartments already renovated, featuring updated kitchens and bathrooms. The successful rent increases achieved through these renovations provide a new investor with a proven value-add strategy and the opportunity to further enhance rental income through continued unit improvements. The building is part of a seven-building complex, offering investors the benefits of an established multifamily community. Ownership within the complex proportionately shares responsibilities for common walkways, parking, and water expenses, providing operational efficiencies and a streamlined ownership structure.

Multi-Family Active

Price

^$ 900,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 15,438

Style

Lot Size

0.060606

Year Built

1948

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12789421

Features

General

Cooling None

Zoning MULTI

Year Built 1948

Electric Separate Meters

Tenant Pays Electricity

Stories Count 3

Tax Year 2025

Gross Income 109080

County Cook

Net Operating Income 58589

Operating Expense 46913

Insurance Expense 4412

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 1500

Status New

Directions From Howard St head south on Ridge Blvd to 7516 N Ridge Blvd. The property is located on Ridge Blvd south of Howard St.

City Chicago

Number Of Units Total 6

MLS Area CHI - West Ridge

Lot Size Square Feet 2640

Tax Annual Amount 15438.56

Electric Expense 974

Fuel Expense 6836

Trash Expense 2237

Water Sewer Expense 1575

Additional Parcels Y/N N

Standard Status Active

Cap Rate 6.51

Exterior

Lot Dimensions 33x80

* Excluded Features

List By

Star Realty & Management

Broker

tylerjamesweekes@gmail.com

Affordability Calculator

$7,503

Per Month

Monthly Principal & Interest: $6,216
Monthly Property Taxes: $1,287
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.375% 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

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$645,467

Percent of Sale Price 28%

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
10/20/2026	$900,000		Listed Price

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7516 N Ridge Boulevard, Chicago, IL, 60645 is a Multi-Family Home for sale at $900,000 with a lot size of 0.060606. 7516 N Ridge Boulevard has 2 bedrooms, 0.0 baths, and was built in 1948. The property's zip code is 60645 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% 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.

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 10/22/2026.

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7516 N Ridge Boulevard

Multi-Family Home for sale in Chicago, IL

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