OFF MARKET

Off Market Jul 2017 for $225K

—

Est. refi paymentEst. refi $1,430/mo

•

6 ba

•

5,946

sq ft

1543 S RIDGEWAY Ave, Chicago, IL 60623

About this home

Multi-familyProperty Type

1914Year Built

$38Price/Sq.Ft.

Listed by Javier Mercado • Greater Chicago Real Estate Inc.

Bought with Javier Mercado • Greater Chicago Real Estate Inc.

Redfin checked: 2 minutes ago

•Source:MRED as Distributed by MLS Grid #09630828

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 August 2026

Buyer's Market

Seller's Market

Balanced 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

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Provided by Redfin

Sale history for 1543 S RIDGEWAY Ave

Date

Event

Price

MRED as Distributed by MLS Grid #09630828

Jul 14, 2017

Sold (MLS) (Closed Sale)

$225,000

$38/sq ft

Jun 14, 2017

Pending

—

May 18, 2017

Listed (New)

$259,900

$44/sq ft

MRED as Distributed by MLS Grid #08830276

May 21, 2015

Sold (MLS) (Closed Sale)

$160,000

$27/sq ft

Mar 11, 2015

Pending

—

Mar 2, 2015

Price Changed

$164,500

$28/sq ft

Feb 3, 2015

Listed (New)

$175,000

$29/sq ft

Public Records

Jun 18, 2012

Sold

$41,500

$7/sq ft

MRED as Distributed by MLS Grid #07944872

Jun 12, 2012

Listing Removed

—

Jun 12, 2012

Sold (MLS) (Closed Sale)

$41,500

$7/sq ft

May 24, 2012

Pending

—

May 3, 2012

Contingent

—

Apr 20, 2012

Price Changed (Price Change)

$59,900

$10/sq ft

Mar 19, 2012

Price Changed (Price Change)

$74,500

$13/sq ft

Feb 9, 2012

Price Changed (Price Change)

$93,500

$16/sq ft

Nov 16, 2011

Price Changed

$109,900

$18/sq ft

Nov 15, 2011

Listed (New)

$120,000

$20/sq ft

**PRICE REDUCED**3,500 SF land parcel that is improved with a Three story, 6 unit; masonry constructed apartment building. All units have individual heat and each unit has its own water tank located in the basement. The units are all big and spacious. All porches front and back are steel. The vacant units are in need of rehab to be considered rent ready. Masonry work is needed to the exterior, no parking

MRED as Distributed by MLS Grid #07041542

Jan 1, 2009

Listing Removed

—

Oct 5, 2008

Listed

MRED as Distributed by MLS Grid #06915404

Aug 30, 2008

Listing Removed

—

Jun 2, 2008

Listed

MRED as Distributed by MLS Grid #06802520

May 17, 2008

Listing Removed

—

Feb 16, 2008

Listed

Public Records

Oct 11, 2002

Sold

$225,000

$38/sq ft

Year

Property tax

Land + Additions

Assessment*

2023

$5,716 (+2.6%)

$4,112 + $22,887

$26,999

2022

$5,572 (+2.3%)

$4,112 + $22,887

$26,999

2021

$5,447 (+40.3%)

$4,112 + $22,887

$26,999

2020

$3,882 (−3.5%)

$4,112 + $13,254

$17,366

2019

$4,024 (+1.7%)

$4,112 + $15,850

$19,962

2018

$3,956 (−7.6%)

$4,112 + $15,850

$19,962

2017

$4,283 (+7.8%)

$3,675 + $16,153

$19,828

2016

$3,971 (+9.3%)

$3,675 + $16,153

$19,828

2015

$3,633 (−13.0%)

$3,675 + $16,153

$19,828

2014

$4,178 (+2.0%)

$3,500 + $19,021

$22,521

2013

$4,095 (+1.3%)

$3,500 + $19,021

$22,521

2012

$4,041 (−25.1%)

$3,500 + $19,021

$22,521

2011

$5,398 (−0.4%)

$4,900 + $28,410

$33,310

2010

$5,420 (+4.4%)

$4,900 + $28,410

$33,310

2009

$5,194 (−8.8%)

$4,900 + $28,410

$33,310

2008

$5,694 (+1.0%)

$5,180 + $34,514

$39,694

2007

$5,638

$5,180 + $34,514

$39,694

Tax history for 1543 S RIDGEWAY Ave

Year

Property tax

Land + Additions

Assessment*

2023

$5,716 (+2.6%)

$4,112 + $22,887

$26,999

2022

$5,572 (+2.3%)

$4,112 + $22,887

$26,999

2021

$5,447 (+40.3%)

$4,112 + $22,887

$26,999

2020

$3,882 (−3.5%)

$4,112 + $13,254

$17,366

2019

$4,024 (+1.7%)

$4,112 + $15,850

$19,962

2018

$3,956 (−7.6%)

$4,112 + $15,850

$19,962

2017

$4,283 (+7.8%)

$3,675 + $16,153

$19,828

2016

$3,971 (+9.3%)

$3,675 + $16,153

$19,828

2015

$3,633 (−13.0%)

$3,675 + $16,153

$19,828

2014

$4,178 (+2.0%)

$3,500 + $19,021

$22,521

2013

$4,095 (+1.3%)

$3,500 + $19,021

$22,521

2012

$4,041 (−25.1%)

$3,500 + $19,021

$22,521

2011

$5,398 (−0.4%)

$4,900 + $28,410

$33,310

2010

$5,420 (+4.4%)

$4,900 + $28,410

$33,310

2009

$5,194 (−8.8%)

$4,900 + $28,410

$33,310

2008

$5,694 (+1.0%)

$5,180 + $34,514

$39,694

2007

$5,638

$5,180 + $34,514

$39,694

*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

3,500 Sq. Ft.

Year renovated

—

Sq. Ft.

5,946

Year built

1914

Style

Multi-Family (5+ Unit)

County

Cook County

APN

16231270150000

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

Interior

Additional Rooms Information
Unfinished Basement, Exterior Access to Basement

Equipment
# of Refrigerators: 6
# of Ranges: 6

Heating & Cooling
Forced Air Heating, Gas Heating

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

Unit 1 Information
# of Units of Type: 3
# of Rooms: 6
# of Beds: 3
# of Baths: 1
Monthly Income: $1,743
Maximum Monthly Income: $2,743

Unit 2 Information
# of Units of Type: 3
# of Rooms: 5
# of Beds: 2
# of Baths: 1
Monthly Income: $2,100
Maximum Monthly Income: $2,100

Exterior

Building Information
Built Before 1978
Age: 51+ Years
Brick Exterior, Stone Exterior
Brick Construction
Concrete Foundation
Rubber Roof
Flat Roof

Property Features
Balcony(s)

Lot Information
Sq. Ft.: 3500
Dimensions: 25 X 125
City Street Access
Zoning: MULTI

Property Information
Ownership Type: Corporation, Other
Current Use: Residential (Multi-Family)
Potential Use: Residential (Multi-Family)
Parcel Identification Number: 16231270150000

Financial

Financial Information
Tax: $3,633
Tax Year: 2015
Total Monthly Income: $3,843
Total Annual Income: $46,116
Gross Rental Income: $58,116
Gross Rent Multiplier: 4.5
Net Operating Income: $35,487
Cap Rate: 13.6
Finance Code: Conventional

Utilities

Utility Information
Circuit Breakers, 201-600 Amps

Location

Location Information
Township: WEST CHICAGO
Directions: E OR W ON 16TH TO RIDGEWAY (3700W) NORTH TO PROPERTY.

Public facts

Beds: 15
Baths: 6.0
Sq. Ft.: 5,946
Stories: 3.0
Lot Size: 3,500 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1914
Year Renovated: —
County: Cook County
APN: 16231270150000

Home facts updated by county records on Jul 11, 2026

Other

Expense Information
Total Annual: $10,629
Total Annual Year: 2007
Electricity: $360

Listing Information
Possession: Closing
Seller Concessions: No

Around this home

Schools

Herzl 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 1543 S RIDGEWAY Ave

Data from public records.

Address	Redfin Estimate
1535 S Ridgeway Avenue, Chicago, IL 3 Beds \| 2 Baths \| 1438 Sq. Ft.	$295,520
1538 S Ridgeway Avenue, Chicago, IL 3 Beds \| 1 Baths \| 1365 Sq. Ft.	$143,115

Address	Redfin Estimate
1541 S Ridgeway Avenue, Chicago, IL 3 Beds \| 2 Baths \| 1438 Sq. Ft.	$257,682
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.	$283,138
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 2017. 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 1543 S RIDGEWAY Ave

Tax history for 1543 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 1543 S RIDGEWAY Ave

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