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Jamie Roth

Engel & Völkers

[email protected] +1(847) 219-6400

$ 339,900

Est. payment -/mo

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Price Dropped by $10K

2656 S Ridgeway AVE Chicago, IL 60623

7 Beds

3 Baths

UPDATED:

02/17/2025 04:43 PM

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

Listed by Daniel Ellington • Infiniti Properties, Inc.

Jamie Roth

Broker | License ID: 471.000868

+1(847) 219-6400

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