3414 North Ridgeway Avenue, Chicago, IL


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About 3414 North Ridgeway Avenue

Come check out this legal 3-unit building in Avondale on an huge lot! The Property currently features (2) 3br/1ba above grade units & (1) 2br/1ba + office garden unit. Garden unit is rented at $1,600/mo MTM & 1st floor 3br/1ba unit is rented at $2,050/mo through 6/30/24 and includes both garage spaces. Top floor unit will be kept vacant but could easily be rented at $2,200/mo - making this the perfect opportunity for an investor or owner-user at a stabilized cap rate of 7.24% just by filling the vacancy! The well-maintained building features off-street parking in front of the Property and a two-car garage in the rear of the Property. The Property features a newer roof overlay on the building and the garage (both completed in 2018). The Property also has newer electrical services and four (4) new water heaters have been installed over the last 2-3 years. Additionally, the Property has an on-site laundry facility and a flood control system in the front of the building.

Features of 3414 North Ridgeway Avenue

MLS® # 11899569
Price $725,000
Units 3
Bedrooms 9
Bathrooms 3.00
Acres 0.11
Year Built 1925
Type Residential Income
Sub-Type Two to Four Units
Status Contingent
Multi-Family No

Community Information

Address 3414 North Ridgeway Avenue
Area CHI - Avondale
City Chicago
County Cook
State IL
Zip Code 60618


Heating Natural Gas, Radiator(s), Sep Heating Systems - 2+, Floor Furnace
Fireplace No
Has Basement Yes
Basement Full


Exterior Brick

School Information

District 130

Additional Information

Days on Market 59
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeHorvath & Tremblay IL, LLC

Listing Map

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