Price Reduction
Address
7948 S Ridgeland Avenue, Chicago, IL
Price
$ 279,500
Property Attributes
  • MLS#12000046
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - South Chicago
  • NeighborhoodSouth Chicago
  • Zip60617
  • Style
  • Year Built1924
  • Taxes$ 3496
  • Price$ 279,500
  • Bedrooms5
  • Full Bathrooms4
  • Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description

3 unit all brick building on a quiet block of mostly single family homes. Building is zoned for 4 units - top floor combined 2 units together, can be de-converted for 4 legal units! As it is, the 2nd floor unit is a huge 3BR/2BA apartment that occupies the entire floor with new dishwasher, zoned heating, separate water heaters, and lots of closet space. The 1st floor units are each 1BR/1BA with new dishwashers and separate furnaces and water heaters. Coin laundry in the basement, large lot, and 3 car garage. As-is sale.

Price History
3/9/2024 Listed $298,000
5/15/2024 7% - $279,500

General Features

Sewer Public Sewer
Heating Natural Gas
Possession Closing
Zoning MULTI
Garage Spaces 3
Year Built 1924
Township Hyde Park
Tax Year 2022
Percent Ownership Fee Simple
Gross Income 39000
Community Features Curbs,Gated,Sidewalks,Street Lights,Street Paved
County Cook
New Construction No
Property Type Residential Income
Total Rooms 12
Status Active
Directions Stony Island to South Chicago Ave. South to Ridgeland,north on Ridgeland to building.
City Chicago
High School District 299
MLS Area CHI - South Chicago
Waterfront Y/N No
Street Name Ridgeland
Tax Annual Amount 3496.4
Additional Parcels Y/N No
Days on Market 74
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
Property Type Two to Four Units

Interior Features

Basement Full
Street Suffix Avenue
Total Bedrooms 5
Total Baths 4
Bedrooms Possible 5
Basement Unfinished
Full Baths Building 4
Total Number of Units 3

Exterior Features

Water Source Public
Total Parking 3
Lot Dimensions 40X125
Garage Onsite Yes
Garage Type Detached
Garage Ownership Owned
Exterior Brick

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60617

Price
AVG $400K
$280K
Taxes
AVG $2,684
$3,496
Visits
AVG 176
204
Data Provided by Inside Real Estate®
Year Built
AVG 1911
1924

Areas We Cover