OFF MARKET

Off market may 2021 for $365K

—

Est. refi paymentEst. refi $2,532/mo

•

—

sq ft

1542 S Ridgeway Ave, Chicago, IL 60623

About this home

THIS IS THE TIME TO MAKE BIG! ATTRACTIVE GRAYSTONE 6 X 2 BR. PROPERTY HAS BEEN REMODELED. NOTHING TO DO! SIT BACK AND COLLECT YOUR RENT. TENANTS ONLY PAY ONE BILL. EVERYTHING IS ELECTRIC. APARTMENTS IN THE FRONT ARE LARGER THAN THE ONES IN THE BACK. OPEN CONCEPT WITH THE KITCHEN, LIVING ROOM, AND DINING ROOM. LONG TERM TENANTS. OWNER IS ALSO SELLING FOLLOWING AND OPEN TO PACKAGE DEALS: MLS 10961831, 10963277, 10961909

Multi-familyProperty Type

1904Year Built

3,049 sq ftLot Size

Listed by Tamelra Powell • eXp Realty

Bought with Michael Lacy • Kiser Group Realty Inc

Redfin checked: 2 minutes ago

•Source:MRED as Distributed by MLS Grid #10999923

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in North Lawndale, IL

Last updated September 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

97.3%

0.4% MoM

Median sale price

$342K

$45K MoM

Avg. days on market

82d

9 days MoM

Recently sold homes

3 MoM

New listings for sale

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NEW 1 DAY AGO
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FOR SALE BY OWNER
$299,999
6 beds3.5 baths3,840 sq ft
4157 W 26th St, Chicago, IL 60623
$549,900
11 beds5 baths— sq ft
1239 S Avers Ave, Chicago, IL 60623
$190,000
6 beds3 baths— sq ft
2859 S Homan Ave, Chicago, IL 60623
$800,000
8 beds6 baths— sq ft
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$329,000
4 beds2 baths1,320 sq ft
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See all

Provided by Redfin

Sale history for 1542 S Ridgeway Ave

Date

Event

Price

MRED as Distributed by MLS Grid #10999923

May 24, 2021

Sold (MLS) (Closed Sale)

$365,000

Apr 14, 2021

Pending (Contingent)

—

Feb 20, 2021

Listed (New)

$375,000

Public Records

Jun 13, 2018

Sold

$155,000

MRED as Distributed by MLS Grid #09723729

Aug 25, 2017

Contingent

—

Aug 23, 2017

Listing Removed

—

MRED as Distributed by MLS Grid #09489407

Feb 16, 2017

Contingent

—

Feb 14, 2017

Listing Removed

—

Public Records

Jan 14, 2013

Sold

$49,500

Public Records

May 11, 2006

Sold

$299,000

Year

Property tax

Land + Additions

Assessment*

2023

$10,022 (+2.6%)

$4,531 + $37,169

$41,700

2022

$9,769 (+2.3%)

$3,281 + $44,055

$47,336

2021

$9,550 (+30.3%)

$3,281 + $44,055

$47,336

2020

$7,330 (+10.9%)

$3,281 + $29,515

$32,796

2019

$6,611 (+1.7%)

$3,281 + $29,515

$32,796

2018

$6,499 (−4.5%)

$3,281 + $29,515

$32,796

2017

$6,806 (+7.9%)

$2,578 + $28,930

$31,508

2016

$6,311 (+9.3%)

$2,578 + $28,930

$31,508

2015

$5,773 (+468.8%)

$2,578 + $28,930

$31,508

2014

$1,015 (+2.0%)

$2,578 + $2,893

$5,471

2013

$995 (+1.4%)

$2,578 + $2,893

$5,471

2012

$982 (+10.7%)

$2,578 + $2,893

$5,471

2011

$887 (−86.7%)

$2,578 + $2,893

$5,471

2010

$6,665 (−15.2%)

$3,351 + $37,610

$40,961

2009

$7,861 (−9.3%)

$4,124 + $46,289

$50,413

2008

$8,668 (−8.2%)

$3,437 + $56,988

$60,425

2007

$9,440

$3,781 + $62,687

$66,468

Tax history for 1542 S Ridgeway Ave

Year

Property tax

Land + Additions

Assessment*

2023

$10,022 (+2.6%)

$4,531 + $37,169

$41,700

2022

$9,769 (+2.3%)

$3,281 + $44,055

$47,336

2021

$9,550 (+30.3%)

$3,281 + $44,055

$47,336

2020

$7,330 (+10.9%)

$3,281 + $29,515

$32,796

2019

$6,611 (+1.7%)

$3,281 + $29,515

$32,796

2018

$6,499 (−4.5%)

$3,281 + $29,515

$32,796

2017

$6,806 (+7.9%)

$2,578 + $28,930

$31,508

2016

$6,311 (+9.3%)

$2,578 + $28,930

$31,508

2015

$5,773 (+468.8%)

$2,578 + $28,930

$31,508

2014

$1,015 (+2.0%)

$2,578 + $2,893

$5,471

2013

$995 (+1.4%)

$2,578 + $2,893

$5,471

2012

$982 (+10.7%)

$2,578 + $2,893

$5,471

2011

$887 (−86.7%)

$2,578 + $2,893

$5,471

2010

$6,665 (−15.2%)

$3,351 + $37,610

$40,961

2009

$7,861 (−9.3%)

$4,124 + $46,289

$50,413

2008

$8,668 (−8.2%)

$3,437 + $56,988

$60,425

2007

$9,440

$3,781 + $62,687

$66,468

*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.

5,583

Year built

1904

Style

Multi-Family (5+ Unit)

County

Cook County

APN

16231260290000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 17, 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

Interior

Heating & Cooling
Electric Heating, Separate Heating Per Unit

Multi-Family Information
# of Units: 6
Tenant Pays Electric, Tenant Pays Heat

Unit 1 Information
# of Units of Type: 1
# of Rooms: 4
# of Beds: 2
# of Baths: 1
Maximum Monthly Income: $1,100

Unit 2 Information
# of Units of Type: 2
# of Rooms: 4
# of Beds: 2
# of Baths: 1
Maximum Monthly Income: $1,100

Unit 3 Information
# of Units of Type: 3
# of Rooms: 4
# of Beds: 2
# of Baths: 1
Maximum Monthly Income: $800

Unit 4 Information
# of Units of Type: 4
# of Rooms: 4
# of Beds: 2
# of Baths: 1
Maximum Monthly Income: $800

Unit 5 Information
# of Units of Type: 5
# of Rooms: 4
# of Beds: 2
# of Baths: 1
Maximum Monthly Income: $1,100

Unit 6 Information
# of Units of Type: 6
# of Rooms: 4
# of Beds: 2
# of Baths: 1
Maximum Monthly Income: $800

Unit 7 Information
# of Baths: 1

Exterior

Building Information
Built Before 1978
Age: New Rehab
Brick Exterior

Lot Information
Sq. Ft.: 3125
Dimensions: 25 X 125
Zoning: MULTI

Property Information
Parcel Identification Number: 16231260290000

Financial

Financial Information
Tax: $6,611
Tax Year: 2019
Total Monthly Income: $5,700
Total Annual Income: $68,400
Gross Rental Income: $68,400
Gross Rent Multiplier: 5.12
Net Operating Income: $60,539
Net Operating Income Year: 2019
Cap Rate: 5.78
Finance Code: Cash

Location

Location Information
Directions: 16 TO RIDGEWAY N TO ADDRESS

Public facts

Beds: —
Baths: —
Sq. Ft.: 5,583
Stories: 3.0
Lot Size: 3,125 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1904
Year Renovated: —
County: Cook County
APN: 16231260290000

Home facts updated by county records on Sep 17, 2026

Other

Expense Information
Total Annual: $7,861
Total Annual Year: 2019

Listing Information
Seller Concessions: 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

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Home values near 1542 S Ridgeway Ave

Data from public records.

Address	Redfin Estimate
1535 S Ridgeway Avenue, Chicago, IL 3 Beds \| 2 Baths \| 1438 Sq. Ft.	$325,347
1538 S Ridgeway Avenue, Chicago, IL 3 Beds \| 1 Baths \| 1365 Sq. Ft.	$162,134

Address	Redfin Estimate
1541 S Ridgeway Avenue, Chicago, IL 3 Beds \| 2 Baths \| 1438 Sq. Ft.	$267,230
1533 S Ridgeway Avenue, Chicago, IL 15 Beds \| 6 Baths \| 6480 Sq. Ft.	—

Address	Redfin Estimate
1539 S Ridgeway Avenue, Chicago, IL 3 Beds \| 2 Baths \| 1438 Sq. Ft.	$297,916
1553 S Ridgeway Avenue, Chicago, IL 8 Beds \| 6 Baths \| 6021 Sq. Ft.	—

Property information provided by MRED as Distributed by MLS Grid when last listed in 2021. This data may not match . Learn more.

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About this home

Redfin Estimate

Market trends in North Lawndale, IL

Sale history for 1542 S Ridgeway Ave

Tax history for 1542 S Ridgeway Ave

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 60623

Home values near 1542 S Ridgeway Ave

More real estate resources