5791 Ridge Avenue, Edgewater, Chicago, Illinois 60660
$1,350,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | 1932 |
| Property Taxes: | $10,760 |
| Days On Market: | 176 |
| Lot Size: | 0,00 |
Description
Rare Investment Opportunity in Edgewater! Welcome to 5791 N Ridge Ave - a beautifully maintained legal 4-unit brick building offering strong rental income and long-term value. With extensive updates throughout, this is a true turnkey property ideal for both seasoned investors and first-time multi-unit buyers. The building features three spacious 2 bed / 2 bath units, plus a 2 bed / 1 bath garden apartment. Each unit offers hardwood floors, stylish kitchens, updated bathrooms, in-unit laundry. 1st, 2nd, and 3rd floor each has a gas fireplace and individual mechanicals. Major capital improvements include: * 2010 full remodel: new electrical, plumbing, building & garage roofs, 4 boilers, 4 A/C units, and all new appliances * Furnace upgrades: 3rd floor (2010), basement (2011), 2nd floor (2013) * Ongoing updates: dishwashers, microwaves, washers/dryers, hot water heater (2022), garage tuckpointing (2011), masonry repairs (2023) * Iron fence (2016) adds curb appeal and privacy Located in Edgewater, a highly desireable communite with public transportation, shops, and restaurants. Currently, the building is self-managed, and the saving is then passed on to the tenants. The current rent is below market value because tenants are long-time, stable tenants. A rare opportunity to own an income-producing asset in one of Chicago's consistent North Side rental markets. Don't miss it!
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1932 | |
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| No | |
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| Cook | |
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| — / — | |
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| 12381656 | |
| 14053120100000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 1 Jul, 2009 | Sold | $368,000 | MRED MLS |
| 18 May, 2009 | Under contract | $395,910 | MRED MLS |
| — | Last price change | $439,900 | MRED MLS |
| 31 Mar, 2009 | Listed for sale | $439,900 | MRED MLS |
| 12 Aug, 2025 | Sold | $1,350,000 | MRED MLS |
| 9 Jun, 2025 | Under contract | $1,250,000 | MRED MLS |
| 5 Jun, 2025 | Listed for sale | $1,250,000 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
Dimensions: —
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Full Bathrooms: 7
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
| 2 | |
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| 30X125 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2009 | $7,525 |
| 2025 | $10,760 |
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Listing Provided By
RE/MAX Suburban
