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  • $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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    $3,246/mo

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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#: 12535068MLS Logo

    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

    DateEventPrice
    2/24/2026Sold$480,715-1.9%
    Source: MRED as distributed by MLS GRID #12535068 Report a problem
    1/26/2026Contingent$489,900
    Source: MRED as distributed by MLS GRID #12535068 Report a problem
    12/25/2025Listed for sale$489,900+216.1%
    Source: MRED as distributed by MLS GRID #12535068 Report a problem
    5/14/2025Sold$155,000-31.1%
    Source: Public Record Report a problem
    9/29/2024Listing removed$225,000
    Source: MRED as distributed by MLS GRID #12171163 Report a problem

    Public tax history

    YearProperty taxesTax 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
    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