SOLD FEB 24, 2026

Off Market Feb 2026 for $480K

$551,554

Est. refi paymentEst. refi $2,132/mo

•

—

sq ft

1540 S Ridgeway Ave, Chicago, IL 60623

About this home

Welcome to a stunning 2025 full-gut rehabbed 2-flat located in the rapidly appreciating Lawndale neighborhood. Perfect for investors or owner-occupants looking for rental income, this property offers the perfect blend of modern finishes, functionality, and value. The first-floor duplex features 4 bedrooms and 2 full baths, offering generous living space ideal for larger households or higher rent potential. The second-floor unit includes 3 bedrooms and a full bath, perfect for an owner's unit or solid long-term tenant. Both units feature modern layouts, modern kitchens with quartz countertops, stainless steel appliances, new shaker cabinets, and designer bathrooms with contemporary tile and fixtures. Completely rebuilt from top to bottom with brand-new electrical (200-amp service), plumbing, HVAC, central air, roof, windows, and hardwood flooring. Exterior updates include fresh tuckpointing, rear deck, and fenced yard for added privacy. Separate utilities make this a true turnkey investment. Centrally located near Douglas Park, Kedzie Ave, and minutes to the expressway-this property is surrounded by ongoing development and community revitalization. Nothing to do but move in or rent out and start cash flowing. Schedule your showing today-this one won't last!

Multi-familyProperty Type

1903Year Built

3,125 sq ftLot Size

2 spacesParking

Listed by Marcus Carter • Chicagoland Brokers, Inc.

Bought with Michelle Pittman • Compass

Redfin checked: a few seconds ago

•Source:MRED as Distributed by MLS Grid #12535068

Redfin Estimate

$551,554

$71K since sold in February 2026$1,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 23.2% higher than the average sale price ($448K) of 4 comparable homes.

SOLD SEP 1, 2026
$389,000
A
6 beds3 baths— sq ft
1921 S Saint Louis Ave, Chicago, IL 60623
SOLD MAR 31, 2026
$417,000
B
7 beds3 baths— sq ft
1637 S Saint Louis Ave, Chicago, IL 60623
SOLD FEB 27, 2026
$515,000
C
6 beds3 baths— sq ft
3926 W Arthington St, Chicago, IL 60624
SOLD FEB 27, 2026
$470,000
D
6 beds2 baths— sq ft
1934 S Saint Louis Ave, Chicago, IL 60623

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Earn from this home

Sell

$143,407

Est. take-home

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Refinance

Est. cash available

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Market trends in North Lawndale, IL

Last updated August 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

97.3%

1.1% MoM

Median sale price

$394K

$10K MoM

Avg. days on market

75d

6 days MoM

Recently sold homes

4 MoM

New listings for sale

NEW 13 HRS AGO
$330,000
— beds— baths3,650 sq ft
2625 S Central Park Ave, Chicago, IL 60623
NEW 16 HRS AGO
$275,000
10 beds5.5 baths— sq ft
1541 S Saint Louis Ave, Chicago, IL 60623
$529,900
9 beds4 baths— sq ft
1504 S Hamlin Ave, Chicago, IL 60623
$99,000
4 beds2 baths1,300 sq ft
1808 S Kildare Ave, Chicago, IL 60623
$465,000
12 beds3 baths— sq ft
1307 S Lawndale Ave, Chicago, IL 60623
$554,900
6 beds2 baths— sq ft
1656 S Troy St, Chicago, IL 60623
$339,900
5 beds3.5 baths1,376 sq ft
2249 S Hamlin Ave, Chicago, IL 60623
$455,000
8 beds3 baths— sq ft
1419 S Kedvale Ave, Chicago, IL 60623
$140,000
6 beds3 baths— sq ft
1310 S Millard Ave, Chicago, IL 60623
$189,900
5 beds2.5 baths900 sq ft
2706 S Trumbull Ave, Chicago, IL 60623
See all

Provided by Redfin

Sale history for 1540 S Ridgeway Ave

Date

Event

Price

MRED as Distributed by MLS Grid #12535068

Feb 24, 2026

Sold (MLS) (Closed)

$480,715

Jan 26, 2026

Contingent (Contingent - Continue to Show)

—

MRED as Distributed by MLS Grid #12529308

Dec 12, 2025

Listing Removed

—

Public Records

May 14, 2025

Sold

$155,000

MRED as Distributed by MLS Grid #12171163

Dec 31, 2024

Listing Removed

—

Sep 23, 2024

Listed (Active)

MRED as Distributed by MLS Grid #12086239

Sep 10, 2024

Listing Removed

—

Jun 17, 2024

Listed (Active)

MRED as Distributed by MLS Grid #07404437

Feb 23, 2010

Sold (MLS) (Closed Sale)

$18,000

Jan 29, 2010

Pending

—

Dec 30, 2009

Listed (New)

$19,900

Public Records

Oct 1, 2007

Sold

$400,000

Public Records

Nov 4, 2005

Sold

$147,000

Public Records

Nov 2, 2005

Sold

$55,000

Year

Property tax

Land + Additions

Assessment*

2023

$4,446 (+2.6%)

$3,671 + $17,328

$20,999

2022

$4,334 (+2.3%)

$3,671 + $17,328

$20,999

2021

$4,237 (+77.9%)

$3,671 + $17,328

$20,999

2020

$2,381 (−3.5%)

$3,671 + $6,984

$10,655

2019

$2,469 (+1.7%)

$3,671 + $8,577

$12,248

2018

$2,427 (−36.0%)

$3,671 + $8,577

$12,248

2017

$3,795 (+7.8%)

$3,281 + $14,286

$17,567

2016

$3,518 (+9.3%)

$3,281 + $14,286

$17,567

2015

$3,219 (+6.6%)

$3,281 + $14,286

$17,567

2014

$3,019 (+2.0%)

$3,125 + $13,150

$16,275

2013

$2,960 (+1.4%)

$3,125 + $13,150

$16,275

2012

$2,920 (−12.1%)

$3,125 + $13,150

$16,275

2011

$3,324 (−0.4%)

$4,375 + $16,139

$20,514

2010

$3,338 (−8.8%)

$4,375 + $16,139

$20,514

2009

$3,660 (−1.8%)

$4,375 + $19,095

$23,470

2008

$3,726 (+1.0%)

$5,124 + $20,848

$25,972

2007

$3,689

$5,124 + $20,848

$25,972

Tax history for 1540 S Ridgeway Ave

Year

Property tax

Land + Additions

Assessment*

2023

$4,446 (+2.6%)

$3,671 + $17,328

$20,999

2022

$4,334 (+2.3%)

$3,671 + $17,328

$20,999

2021

$4,237 (+77.9%)

$3,671 + $17,328

$20,999

2020

$2,381 (−3.5%)

$3,671 + $6,984

$10,655

2019

$2,469 (+1.7%)

$3,671 + $8,577

$12,248

2018

$2,427 (−36.0%)

$3,671 + $8,577

$12,248

2017

$3,795 (+7.8%)

$3,281 + $14,286

$17,567

2016

$3,518 (+9.3%)

$3,281 + $14,286

$17,567

2015

$3,219 (+6.6%)

$3,281 + $14,286

$17,567

2014

$3,019 (+2.0%)

$3,125 + $13,150

$16,275

2013

$2,960 (+1.4%)

$3,125 + $13,150

$16,275

2012

$2,920 (−12.1%)

$3,125 + $13,150

$16,275

2011

$3,324 (−0.4%)

$4,375 + $16,139

$20,514

2010

$3,338 (−8.8%)

$4,375 + $16,139

$20,514

2009

$3,660 (−1.8%)

$4,375 + $19,095

$23,470

2008

$3,726 (+1.0%)

$5,124 + $20,848

$25,972

2007

$3,689

$5,124 + $20,848

$25,972

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

3,125 Sq. Ft.

Year renovated

—

Sq. Ft.

2,391

Year built

1903

Style

Multi-Family (2-4 Unit)

County

Cook County

APN

16231260280000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 11, 2026.

RT-4

Residential Two-Flat, Townhouse and Multi-Unit District

The primary purpose of the RT districts is to accommodate detached houses, two-flats, townhouses and low-density, multi-unit residential buildings at a density and building scale that is compatible with RS districts. The districts are intended to be applied in areas characterized by a mix of housing types. The districts are also intended to provide a gradual transition between RS districts and higher density RM districts. The RT districts are differentiated primarily on the basis of allowed density (minimum lot area per unit) and floor area ratios.

Permitted uses

Include but are not limited to:

Religious facility
Day care facility
Hospital / medical center
Housing-Group
Housing-Multiple units
Housing-Senior
Infrastructure
Bed & breakfast
Office
Public service

Property details

Parking

Parking Information
# of Parking (Total): 2
Parking Features: Off Alley

Interior

Bathroom Information
# of Baths (Full): 3

Bedroom Information
# of Bedrooms: 7
# of Bedrooms Possible: 7

Additional Rooms Information
Basement: Finished, Full

Interior Features
# of Rooms: 14

Multi-Unit Information
3 Br Unit(s) In Bldg: Yes

Unit Type 1 Information
Floor Number: 1
# of Rooms: 8
# of Bedrooms: 4
# of Bathrooms (Total): 2
# of Full Bathrooms: 2
Appliances and Features: None
Security Deposit: 0
Tenant Pays: Electric,Gas
Lease Expiration Date: 0

Unit Type 2 Information
Floor Number: 2
# of Rooms: 6
# of Bedrooms: 3
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: None
Tenant Pays: Electric,Gas
Lease Expiration Date: 0

Exterior

Exterior Features
Patio And Porch Features: Porch

Building Information
# Of Units in Building: 2
Age: 100+ Years
Built Before 1978 (Y/N): Yes
Construction Materials: Brick

Property Information
Property Type: Two to Four Units
Ownership: Fee Simple
Rebuilt (Y/N): No
Rehab (Y/N): Yes
Rehab Year: 2025
Parcel Number: 16231260280000

Lot Information
Dimensions: 25X125
Lot Size: Less Than .25 Acre
Zoning: MULTI

Financial

Tax Information
Tax Annual Amount: $4,445.76
Tax Year: 2023

Financial Information
Finance Code: FHA
Special Service Area: N

Utilities

Utility Information
Water Source: Lake Michigan
Sewer: Public Sewer

Heating & Cooling
Heating: Natural Gas

Location

School Information
Elementary School District: 299
Middle Or Junior School District: 299
High School District: 299

Location Information
Township: West Chicago
Corporate Limits: Chicago
Directions: 16th St (1600S) to Ridgeway (3734W) 1 way North

Public facts

Beds: 5
Baths: 3.0
Sq. Ft.: 2,391
Stories: 2.0
Lot Size: 3,125 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1903
Year Renovated: —
County: Cook County
APN: 16231260280000

Home facts updated by county records on Jul 11, 2026

Other

Listing Information
Holds Earnest Money: No
Possession: Closing
Some Photos Virtually Staged?: No

Around this home

Schools

Penn Elementary School

Public PreK-8 • Assigned • 0.2mi

2/10

Farragut Career Academy High School

Public 9-12 • Assigned • 0.9mi

1/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk 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 100° expected this year, 14 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

4/10 Air Factor

5 unhealthy days expected this year, 7 days in 30 years

Provided by First Street

Historical weather

Chicago, IL • 60623

Average low and high temperatures (°F)

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

$524,000 – $635,000

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Home values near 1540 S Ridgeway Ave

Data from public records.

Address	Redfin Estimate
1535 South Ridgeway Ave, Chicago, IL 3 Beds \| 2 Baths \| 1438 Sq. Ft.	$273,136
1538 South Ridgeway Ave, Chicago, IL 3 Beds \| 1 Baths \| 1365 Sq. Ft.	$123,873

Address	Redfin Estimate
1541 South Ridgeway Ave, Chicago, IL 3 Beds \| 2 Baths \| 1438 Sq. Ft.	$206,929
1533 South Ridgeway Ave, Chicago, IL 15 Beds \| 6 Baths \| 6480 Sq. Ft.	—

Address	Redfin Estimate
1539 South Ridgeway Ave, Chicago, IL 3 Beds \| 2 Baths \| 1438 Sq. Ft.	$289,677
1553 South Ridgeway Ave, Chicago, IL 8 Beds \| 6 Baths \| 6021 Sq. Ft.	—

Property information provided by MRED as Distributed by MLS Grid when last listed in 2025. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in North Lawndale, IL

Sale history for 1540 S Ridgeway Ave

Tax history for 1540 S Ridgeway Ave

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 60623

Home values near 1540 S Ridgeway Ave

More real estate resources