Active

Price cut: $44K (1/23)

$205,900

7521 S Ridgeland Ave, Chicago, IL 60649

2beds

--sqft

Est.:

Multi Family

Built in 1915

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

This property could be a great monthly cash flowing asset with an ARV of almost 400K. It has had some work completed (removal of boiler and radiators, partial interior demo and repair, removal of back porch and illegal back room). It is now time for some saavy owner/investor to complete the gut rehab and enjoy a cash flowing 2 Flat in a growing part of Chicago. Price reflects a 75K rehab budget needed to finish out the project. This property is not for an amateur rehabber. Bring your tools and sweat and make some money!!

58 days

239

8

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2
1/2 bathrooms: 1

Heating

Natural Gas

Features

Basement: Unfinished,Full

Property

Parking

Total spaces: 1
Parking features: Yes

Lot

Size: 4,625 Square Feet
Dimensions: 37x125

Details

Parcel number: 20253030100000
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick

Condition

New construction: No
Year built: 1915

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Chicago

Financial & listing details

Tax assessed value: $189,990
Annual tax amount: $4,023
Date on market: 1/23/2026
Ownership: Fee Simple

Estimated market value

Not available

Estimated sales range

Not available

$1,860/mo

Price history

Date	Event	Price
1/23/2026	Price change	$205,900-17.6%
Source: MRED as distributed by MLS GRID #12553639 Report a problem
11/12/2025	Price change	$249,900-7.4%
Source: MRED as distributed by MLS GRID #12497705 Report a problem
10/27/2025	Listed for sale	$269,900+152.2%
Source: MRED as distributed by MLS GRID #12497705 Report a problem
1/3/2025	Sold	$107,000
Source: MRED as distributed by MLS GRID #12114353 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2023	$4,023 +2.9%	$18,999
2022	$3,908 +2.3%	$18,999
2021	$3,821 -1.5%	$18,999 +9.1%
2020	$3,878 -0.2%	$17,410 -10%
2019	$3,887 +1.7%	$19,345
2018	$3,821 -15.7%	$19,345 -8.1%
2017	$4,532 +7.5%	$21,051
2016	$4,216 +1162.3%	$21,051
2015	$334 +0.9%	$21,051 +5.2%
2014	$331 -88.3%	$20,009
2013	$2,819 +806.2%	$20,009
2012	$311 -90.8%	$20,009 -3.6%
2011	$3,364 +894%	$20,761
2010	$338 +6.6%	$20,761
2009	$318 -86.9%	$20,761 -16.9%
2008	$2,428 +481.4%	$24,986
2007	$418 -5.8%	$24,986
2006	$443 -16.4%	$24,986 +52.6%
2005	$530 -4.8%	$16,374
2004	$557 -67.2%	$16,374
2003	$1,696 +136.3%	$16,374 +28.4%
2002	$718 -56.8%	$12,749
2001	$1,663 +97.4%	$12,749
2000	$842 +92.4%	$12,749 +4.5%
1999	$438	$12,200

Find assessor info on the county website

BuyAbility℠ payment

Est. payment

$1,403/mo

Principal & interest

$1062

Property taxes

$341

More affordability tools

Climate risks

Neighborhood: South Shore

Getting around

79 / 100

Very Walkable

67 / 100

Good Transit

64 / 100

Bikeable

Nearby schools

GreatSchools rating

3/10
Bouchet Elementary Math & Science Academy
Grades: PK-8Distance: 0.4 mi
2/10
South Shore Intl Col Prep High School
Grades: 9-12Distance: 0.3 mi
1/10
Chicago Vocational Career Academy High School
Grades: 9-12Distance: 1.5 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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