7843 S Ridgeland Avenue Chicago, IL $ 550,000
7843 S Ridgeland Avenue
$ 550,000
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7843 S Ridgeland Avenue

Chicago, IL, 60649
$ 550,000
Bedrooms9 Baths4.0

Monthly Estimate*

$ 3,799

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Multi-Family Home for sale in Chicago, IL

for $550,000 with 9 bedrooms and 4 full baths. This home was built in 1922.

Excellent investment opportunity! Impressive all-brick 3-flat featuring classic Chicago architecture, distinctive brickwork, and beautiful bay windows. This spacious building offers three generously sized units, each featuring 6 rooms, 3 bedrooms, 1 bathroom, and separate formal living and dining rooms. The partially finished basement provides additional space and includes 2 washers and 2 dryers for tenant convenience. Recent improvements include updated electrical in 2024, along with other updates throughout the property. Additional highlights include rear wooden porches, a fenced backyard with green space, and a rare 3-car brick garage. With 9 bedrooms and 3 bathrooms across the three units, this property presents an excellent opportunity for investors seeking rental income or owner-occupants looking to help cover their mortgage payments with rental revenue. A solid brick building offering generous living space, classic architectural charm, and great investment potential. Schedule your showing today!

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Multi-Family Active

Price

$ 550,000

Bedrooms

9

Full Bath

4

Property Type

Multi-Family

Taxes

$ 3,946

Style

Year Built

1922

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12807488

Features
Exterior
Model 3 FLAT
Parking Features Yes Garage Owned Detached Garage
Water Source Lake Michigan
Total Parking 3
Lot Dimensions 30X125
Waterfront Y/N N
Other Equipment CO Detectors Ceiling Fan(s)
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General
Sewer Public Sewer
Heating Gas
Possession Closing
Zoning MULTI
Garage Spaces 3
Construction Materials Brick
Year Built 1922
Township Hyde Park
Tax Year 2025
Ownership Fee Simple
Gross Income 62760
Community Features Curbs Sidewalks Street Lights Street Paved
County Cook
Net Operating Income 0
Insurance Expense 4000
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 18
Status New
Directions Take Dan Ryan to 79th Street east to Constance north to 78th Street west to Ridgeland and south to 7843. Welcome
City Chicago
High School District 299
MLS Area CHI - South Shore
Tax Annual Amount 3946
Electric Expense 1000
Fuel Expense 5000
Water Sewer Expense 1400
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Partially Finished Full Walk-Out Access
Total Bedrooms 9
Total Baths 4
Bedrooms Possible 9
Full Baths Building 4
Half Baths Building 0
Total Number of Units 3
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* Excluded Features
List By
Exp Realty

Broker

cesar@desouzasells.com

Email

Affordability Calculator

$4,128
Per Month
92%
8%
0%
Monthly Principal & Interest
$3,799
Monthly Property Taxes
$329
Monthly Home Insurance
--
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
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/12/2026$550,000 Listed Price

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7843 S Ridgeland Avenue, Chicago, IL, 60649 is a Multi-Family Home for sale at $550,000. 7843 S Ridgeland Avenue has 9 bedrooms, 4.0 baths, and was built in 1922. The property's zip code is 60649 which is in Chicago, IL