10512 Central Ave Unit 2W, Chicago Ridge, IL 60415
About this home
Great income making building with 4 rentals in a great location. The 2 units on 2nd floor each have large kitchen, family rm, 2 beds, 1 bath; a huge unit on the 1st floor with 4 beds, 2 full baths, huge kitchen and family room. Lower level has 1 bed, 1 bath garden apt. , lg storage area and laundry room with coin washer and dryer. The garden level storage room has been approved by the village of Chicago Ridge to be converted into a studio apartment, which does give the possibility of increased income. Expenses and income-Gas - $65/month, $780/yr; Water - $132/month, $1584/yr; Electric -paid by tenants, owner pays electric for washer/dryer & security lights ($18-31/month, $216/yr); Lawn and snow plow done by owner. Insurance - $153/month, $1836/yr; Garbage - $59/month, $708/yr. Washer/dryer income - average $150/month, $1800/yr. Rental income - $4400/month, $54,000/yr. 1st flr furnace is in unit bathroom closet. NEW CARPET BEING INSTALLED IN HALLWAY, UNIT 1 & 2W, TILE IN LNDRY/STRG. AREA
Multi-familyProperty Type
1970Year Built
6,098 sq ftLot Size
$126Est. Price/Sq.Ft.
8 spacesParking
Listed by Linda Schaver• Coldwell Banker Realty
Bought with Narciso Contreras• RE/MAX LOYALTY
Source:MRED as Distributed by MLS Grid #09736782
Redfin Estimate
$706,502
$82K since sold in September 2024$9,000 since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 35.8% higher than the average sale price ($520K) of 5 comparable homes.
Great income making building with 4 rentals in a great location. The 2 units on 2nd floor each have large kitchen, family rm, 2 beds, 1 bath; a huge unit on the 1st floor with 4 beds, 2 full baths, huge kitchen and family room. Lower level has 1 bed, 1 bath garden apt. , lg storage area and laundry room with coin washer and dryer. The garden level storage room has been approved by the village of Chicago Ridge to be converted into a studio apartment, which does give the possibility of increased income. Expenses and income-Gas - $65/month, $780/yr; Water - $132/month, $1584/yr; Electric -paid by tenants, owner pays electric for washer/dryer & security lights ($18-31/month, $216/yr); Lawn and snow plow done by owner. Insurance - $153/month, $1836/yr; Garbage - $59/month, $708/yr. Washer/dryer income - average $150/month, $1800/yr. Rental income - $4400/month, $54,000/yr. 1st flr furnace is in unit bathroom closet. NEW CARPET BEING INSTALLED IN HALLWAY, UNIT 1 & 2W, TILE IN LNDRY/STRG. AREA
MRED as Distributed by MLS Grid #09560445
Jul 14, 2017
Listing Removed
—
MRED as Distributed by MLS Grid #08822117
Mar 9, 2017
Listing Removed
—
Jun 30, 2016
Listing Removed
—
Public Records
Jan 13, 2005
Sold
$500,000
$89/sq ft
Public Records
Jan 4, 1999
Sold
$283,500
$51/sq ft
Public Records
Apr 3, 1984
Sold
$137,500
$25/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$13,608 (+16.3%)
$5,828 + $39,445
$45,273
2022
$11,697 (−6.2%)
$5,040 + $28,235
$33,275
2021
$12,475 (−9.1%)
$5,040 + $28,235
$33,275
2020
$13,727 (+29.1%)
$5,040 + $32,029
$37,069
2019
$10,630 (+5.2%)
$4,567 + $22,655
$27,222
2018
$10,108 (−0.2%)
$4,567 + $22,655
$27,222
2017
$10,125 (+5.5%)
$4,567 + $22,655
$27,222
2016
$9,597 (+1.9%)
$3,780 + $20,278
$24,058
2015
$9,414 (+2.1%)
$3,780 + $20,278
$24,058
2014
$9,219 (+7.2%)
$3,780 + $20,278
$24,058
2013
$8,597 (+3.5%)
$3,780 + $20,885
$24,665
2012
$8,304 (−1.3%)
$3,780 + $20,885
$24,665
2011
$8,410 (−22.6%)
$3,780 + $22,993
$26,773
2010
$10,859 (+0.5%)
$3,780 + $34,217
$37,997
2009
$10,809 (+5.7%)
$3,780 + $34,217
$37,997
2008
$10,229 (−0.2%)
$6,048 + $33,948
$39,996
2007
$10,253
$5,796 + $34,802
$40,598
Tax history for 10512 Central Ave Unit 2W
Year
Property tax
Land + Additions
Assessment*
2023
$13,608 (+16.3%)
$5,828 + $39,445
$45,273
2022
$11,697 (−6.2%)
$5,040 + $28,235
$33,275
2021
$12,475 (−9.1%)
$5,040 + $28,235
$33,275
2020
$13,727 (+29.1%)
$5,040 + $32,029
$37,069
2019
$10,630 (+5.2%)
$4,567 + $22,655
$27,222
2018
$10,108 (−0.2%)
$4,567 + $22,655
$27,222
2017
$10,125 (+5.5%)
$4,567 + $22,655
$27,222
2016
$9,597 (+1.9%)
$3,780 + $20,278
$24,058
2015
$9,414 (+2.1%)
$3,780 + $20,278
$24,058
2014
$9,219 (+7.2%)
$3,780 + $20,278
$24,058
2013
$8,597 (+3.5%)
$3,780 + $20,885
$24,665
2012
$8,304 (−1.3%)
$3,780 + $20,885
$24,665
2011
$8,410 (−22.6%)
$3,780 + $22,993
$26,773
2010
$10,859 (+0.5%)
$3,780 + $34,217
$37,997
2009
$10,809 (+5.7%)
$3,780 + $34,217
$37,997
2008
$10,229 (−0.2%)
$6,048 + $33,948
$39,996
2007
$10,253
$5,796 + $34,802
$40,598
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
R-3
Multifamily Residence District
The regulations set forth in this article, or set forth elsewhere in this chapter when referred to in this article, are the R-3 multifamily residence district regulations. The permissible uses hereinafter designated in this article are subject to the special use provisions of article XI of this chapter.
Permitted uses
Include but are not limited to:
Religious facility
Hospital / medical center
Housing-Multiple units
Housing-Other
Educational/school
Library
Park & open space
Property details
Interior
Basement Information
Basement Finish: Unfinished
Basement Type: Full
Bathroom Information
# of Full Baths: 4
Heating & Cooling
Heating Type: Warm Air
Exterior
Exterior Information
Physical Condition: Average
Building Style Type: Multi-Family
Exterior Wall: Masonry
Building Type: Residential
Property Information
Subdivision Name: DELUGACHS CENTRAL GARDENS
Living Sq. Ft: 3,570
# of Units: 4
# of Stories: 2
Stories Type: 2
Legal Description: CENTRAL AVENUE GARDENS LOT 12
Lot Information
# of Buildings: 1
Land Sq. Ft: 6,300
Legal Lot Number: 12
Acres: 0.1446
Depth Footage: 125
Front Footage: 50
County Use Description: APARTMENTS 2-6
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 9
Baths: 5.0
Sq. Ft.: 5,600
Stories: 2.0
Parking Spaces: 8
Basement: Yes
Accessible: No
Lot Size: 6,098 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1970
Year Renovated: —
County: Cook County
APN: 24172070110000
HOA Dues: —
Garage: No
Features: —
Home facts updated by owner on Jul 27, 2023
Around this home
Schools
Ridge Lawn Elementary School
Public PreK-5 • Assigned • 0.2mi
5/10
Elden D Finley Junior High School
Public 6-8 • Assigned • 0.8mi
5/10
Harold L. Richards High School
Public 9-12 • Assigned • 0.2mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
5/10 Flood Factor
Estimated 19-29% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 101° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
4 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Chicago Ridge, IL • 60415
Average low and high temperatures (°F)
30
16
39
23
56
35
63
44
71
50
83
64
87
70
83
65
80
59
69
49
52
38
37
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.3 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
10.3 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$672,000 – $813,000
Reach more buyers when you sell with Redfin. Save up to $7,065 in fees.3 minutes to get started.