2656 S Ridgeway AVE Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60623
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
Subdivision Little Village
MLS Listing ID 12275520
Style Bi-Level
Bedrooms 7
Year Built 1901
Annual Tax Amount $5,245
Tax Year 2022
Lot Dimensions 25 X 125
Property Sub-Type Two to Four Units
Property Description
This exceptional brick 2-flat with coach house represents a rare chance to invest in one of Chicago's most dynamic neighborhoods. Strategically located just steps away from the bustling shopping district along 26th Street, this property sits in the "second Magnificent Mile" - the second-highest grossing retail strip in Chicago, surpassed only by Michigan Avenue. The property boasts an impressive 7 bedrooms total across three units, currently generating a steady monthly income with month-to-month tenants.. This flexible rental arrangement provides investors with immediate cash flow and the ability to adjust strategies as the market evolves. The brick construction and coach house offer additional value. The neighborhood's strategic location offers close proximity to parks and easy access to expressways, making it an attractive option for both residents and investors. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a strategic investment, this 2-flat offers an exceptional opportunity to capitalize on Little Village's dynamic real estate market and take over this great investment from a seller that appreciates buyers agents
Location
State IL
County Cook
Area Chi - South Lawndale
Zoning MULTI
Rooms
Basement Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Community Features Park,Curbs,Gated,Sidewalks,Street Lights,Street Paved
Roof Type Asphalt
Building
Lot Description Fenced Yard
Dwelling Type Two to Four Units
Sewer Public Sewer
Water Public
New Construction false
Schools
Elementary Schools Gary Elementary School
School District 299 ,299, 299
Others
Ownership Fee Simple
Special Listing Condition Standard