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 |
Interior
| Heating | Natural Gas, Radiator(s), Sep Heating Systems - 2+, Floor Furnace |
|---|---|
| Fireplace | No |
| Has Basement | Yes |
| Basement | Full |
Exterior
| Exterior | Brick |
|---|
School Information
| District | 130 |
|---|
Additional Information
| Days on Market | 59 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Horvath & Tremblay IL, LLC |
|---|