Closed
$480,715
1540 S Ridgeway Ave, Chicago, IL 60623
7beds
--sqft
Multi Family
Built in 1903
-- sqft lot
$480,100 Zestimate®
$--/sqft
$1,888 Estimated rent
Home value
$480,100
$456,000 - $504,000
$1,888/mo
Zestimate® history
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What's special
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!
Zillow last checked: 8 hours ago
Listing updated: February 27, 2026 at 12:26am
Listing courtesy of:
Marcus Carter 773-745-1000,
Chicagoland Brokers, Inc.
Bought with:
Michelle Pittman
Compass
Source: MRED as distributed by MLS GRID,MLS#: 12535068
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas
Features
- Basement: Finished,Full
Property
Parking
- Total spaces: 2
- Parking features: Off Alley, Yes
Features
- Patio & porch: Porch
Lot
- Size: 3,125 sqft
- Dimensions: 25X125
Details
- Parcel number: 16231260280000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1903
- Major remodel year: 2025
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & neighborhood
Location
- Region: Chicago
Other
Other facts
- Listing terms: FHA
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 2/24/2026 | Sold | $480,715-1.9% |
Source: | ||
| 1/26/2026 | Contingent | $489,900 |
Source: | ||
| 12/25/2025 | Listed for sale | $489,900+216.1% |
Source: | ||
| 5/14/2025 | Sold | $155,000-31.1% |
Source: Public Record Report a problem | ||
| 9/29/2024 | Listing removed | $225,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $4,446 +2.6% | $20,999 |
| 2022 | $4,334 +2.3% | $20,999 |
| 2021 | $4,237 +77.9% | $20,999 +97.1% |
Find assessor info on the county website
Neighborhood: Lawndale
Nearby schools
GreatSchools rating
- 3/10Penn Elementary SchoolGrades: PK-8Distance: 0.2 mi
- 1/10Farragut Career Academy High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$480,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$480,100
