OFF MARKET

Off Market Jun 2025 for $485K

$541,616

Est. refi paymentEst. refi $3,899/mo

•

—

sq ft

1940 S Ridgeway Ave, Chicago, IL 60623

About this home

Come take a look at this Absolutely Gorgeous Full Gut Rehab ((Legal 2 Flat with 3 full units)) in the Smoking Hot Lawndale Medical District area. The 3rd unit could easily be rented out not a problem, but it could also make for a great AirBNB as close as it is to the Medical District for traveling nurses and other Medical professionals that travel often. The 1st & 2nd floors are both (3) bedrooms (1) bathroom Condo quality Rehabbed Apartments ready to be rented out. The Lower level is complete and ready to be rented out as well. The entire property has all new Kitchens, Bathrooms, All New Electric and Plumbing. New quartz Countertops throughout the Kitchens and Bathrooms. New Roof, New Hot water tanks, New Furnaces, New Electric lines, New Plumbing, (2) New AC Condensers. A New Catch Basin along with a New Sewer Line, New front Concrete Stairs, New Back Walkway, New Concrete Base for the Parking Pad,. There's nothing left to be done here at this property except close on it and find the right tenants which should be easy as close to the Medical District as it is. The property sits only two blocks away from the closest CTA train station. And all other major transportation is super close by.

Multi-familyProperty Type

1896Year Built

2,900 sq ftLot Size

2 spacesParking

Listed by David Mishel • Compass

Bought with Maria Zaleski • Kale Realty

Redfin checked: 3 minutes ago

•Source:MRED as Distributed by MLS Grid #12312125

Redfin Estimate

$541,616

$57K since sold in June 2025$3,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 58.5% higher than the average sale price ($342K) of 5 comparable homes.

SOLD MAY 1, 2026
$497,500
A
7 beds3 baths— sq ft
1940 S Trumbull Ave, Chicago, IL 60623
SOLD JUL 30, 2026
$120,000
B
8 beds3 baths— sq ft
4149 W Cermak Rd, Chicago, IL 60623
SOLD FEB 24, 2026
$480,715
C
7 beds3 baths— sq ft
1540 S Ridgeway Ave, Chicago, IL 60623
SOLD MAY 7, 2026
$185,000
D
6 beds2 baths2,748 sq ft
1831 S Avers Ave, Chicago, IL 60623
SOLD JUL 9, 2026
$425,000
E
7 beds3 baths— sq ft
2233 S Spaulding Ave, Chicago, IL 60623

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Earn from this home

Sell

$135,931

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%

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

NEW 3 HRS AGO
$219,900
4 beds1 bath1,166 sq ft
2851 S Kildare Ave, Chicago, IL 60623
NEW
$439,900
8 beds3 baths— sq ft
1419 S Kedvale Ave, Chicago, IL 60623
$335,000
3 beds2 baths1,824 sq ft
1610 S Saint Louis Ave, Chicago, IL 60623
$269,000
3 beds1 bath1,359 sq ft
1608 S Millard Ave, Chicago, IL 60623
2622 S Ridgeway Ave, Chicago, IL 60623
$265,000
4 beds3 baths— sq ft
2622 S Ridgeway Ave, Chicago, IL 60623
$374,500
5 beds2 baths— sq ft
2708 S Kildare Ave, Chicago, IL 60623
$79,999
6 beds3 baths— sq ft
1304 S Karlov Ave, Chicago, IL 60623
3D WALKTHROUGH
$249,900
3 beds1.5 baths1,363 sq ft
1265 S Saint Louis Ave, Chicago, IL 60623
$299,900
12 beds4 baths— sq ft
1609 S Central Park Ave, Chicago, IL 60623
$305,000
6 beds3 baths— sq ft
1215 S Spaulding Ave, Chicago, IL 60623
See all

Provided by Redfin

Sale history for 1940 S Ridgeway Ave

Date

Event

Price

Public Records

Jul 14, 2025

Sold

$485,000

MRED as Distributed by MLS Grid #12312125

Jun 6, 2025

Sold (MLS) (Closed)

$485,000

Apr 14, 2025

Contingent (Contingent - Continue to Show)

—

Apr 13, 2025

Listing Removed

—

Apr 2, 2025

Relisted (Active)

—

Apr 1, 2025

Listing Removed

—

Mar 31, 2025

Listing Removed

—

Mar 25, 2025

Contingent (Contingent - Continue to Show)

—

Mar 17, 2025

Listed (Active)

$485,000

MRED as Distributed by MLS Grid #12289519

Mar 10, 2025

Listing Removed

—

MRED as Distributed by MLS Grid #07562589

Jul 29, 2010

Sold (MLS) (Closed Sale)

$11,250

Jun 28, 2010

Pending

—

Jun 22, 2010

Listed (New)

$12,000

Year

Property tax

Land + Additions

Assessment*

2023

$2,011 (+2.6%)

$4,205 + $15,395

$19,600

2022

$1,960 (+2.3%)

$3,407 + $6,092

$9,499

2021

$1,916 (−23.2%)

$3,407 + $6,092

$9,499

2020

$2,494 (−3.5%)

$3,407 + $7,753

$11,160

2019

$2,586 (+1.7%)

$3,407 + $9,421

$12,828

2018

$2,542 (+23.1%)

$3,407 + $9,421

$12,828

2017

$2,065 (−45.0%)

$3,045 + $15,703

$18,748

2016

$3,755 (+9.3%)

$3,045 + $15,703

$18,748

2015

$3,435 (+24.4%)

$3,045 + $15,703

$18,748

2014

$2,761 (−11.4%)

$2,900 + $11,986

$14,886

2013

$3,118 (+1.3%)

$2,900 + $14,247

$17,147

2012

$3,077 (−3.1%)

$2,900 + $14,247

$17,147

2011

$3,175 (−0.4%)

$4,060 + $15,531

$19,591

2010

$3,188 (−9.1%)

$4,060 + $15,531

$19,591

2009

$3,508 (+2.3%)

$4,060 + $18,436

$22,496

2008

$3,430 (+1.0%)

$4,872 + $19,036

$23,908

2007

$3,396

$4,872 + $19,036

$23,908

Tax history for 1940 S Ridgeway Ave

Year

Property tax

Land + Additions

Assessment*

2023

$2,011 (+2.6%)

$4,205 + $15,395

$19,600

2022

$1,960 (+2.3%)

$3,407 + $6,092

$9,499

2021

$1,916 (−23.2%)

$3,407 + $6,092

$9,499

2020

$2,494 (−3.5%)

$3,407 + $7,753

$11,160

2019

$2,586 (+1.7%)

$3,407 + $9,421

$12,828

2018

$2,542 (+23.1%)

$3,407 + $9,421

$12,828

2017

$2,065 (−45.0%)

$3,045 + $15,703

$18,748

2016

$3,755 (+9.3%)

$3,045 + $15,703

$18,748

2015

$3,435 (+24.4%)

$3,045 + $15,703

$18,748

2014

$2,761 (−11.4%)

$2,900 + $11,986

$14,886

2013

$3,118 (+1.3%)

$2,900 + $14,247

$17,147

2012

$3,077 (−3.1%)

$2,900 + $14,247

$17,147

2011

$3,175 (−0.4%)

$4,060 + $15,531

$19,591

2010

$3,188 (−9.1%)

$4,060 + $15,531

$19,591

2009

$3,508 (+2.3%)

$4,060 + $18,436

$22,496

2008

$3,430 (+1.0%)

$4,872 + $19,036

$23,908

2007

$3,396

$4,872 + $19,036

$23,908

*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

2,900 Sq. Ft.

Year renovated

—

Sq. Ft.

2,332

Year built

1896

Style

Multi-Family (2-4 Unit)

County

Cook County

APN

16233210330000

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

Parking

Parking Information
# of Parking (Total): 2
Parking Features: Off Alley, Alley Access, On Site, Owned

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: 18
Window Features: Screens

Community Information
Community Features: Park, Curbs, Gated, Sidewalks, Street Lights, Street Paved

Unit Type 1 Information
Floor Number: 1
# of Rooms: 7
# of Bedrooms: 3
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner,Laundry Hook-Up,Range Hood,Hardwood Floors
Security Deposit: 0
Rent: $1,900
Tenant Pays: None
Lease Expiration Date: VAC

Unit Type 2 Information
Floor Number: 2
# of Rooms: 7
# of Bedrooms: 3
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner,Laundry Hook-Up,Range Hood,Hardwood Floors
Rent: $1,700
Tenant Pays: Electric,Gas
Lease Expiration Date: VAC

Unit Type 3 Information
# of Rooms: 4
# of Bedrooms: 1
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: Central Air Conditioner,Laundry Hook-Up,Hardwood Floors
Rent: $1,000
Tenant Pays: Electric,Gas
Lease Expiration Date: VAC

Exterior

Exterior Features
Exterior Features: Lighting

Building Information
# Of Units in Building: 3
Age: 100+ Years
Built Before 1978 (Y/N): Yes
Roof: Rubber
Foundation Details: Concrete Perimeter
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: 16233210330000
Fencing: Fenced

Lot Information
Dimensions: 25X116
Lot Size: Less Than .25 Acre
Lot Size Source: County Records
Zoning: MULTI

Financial

Tax Information
Tax Annual Amount: $2,011
Tax Year: 2023

Financial Information
Finance Code: FHA
Special Service Area: N

Utilities

Utility Information
Water Source: Public
Sewer: Public Sewer

Heating & Cooling
Heating: Other

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: Ogden Ave. East or West to Ridgeway, North Bound on Ridgeway to property

Public facts

Beds: 4
Baths: 2.0
Sq. Ft.: 2,332
Stories: 2.0
Lot Size: 2,900 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1896
Year Renovated: —
County: Cook County
APN: 16233210330000

Home facts updated by county records on Sep 17, 2026

Other

Listing Information
Holds Earnest Money: Yes
Possession: Closing
Some Photos Virtually Staged?: Yes

Around this home

Schools

Penn Elementary School

Public PreK-8 • Assigned • 0.3mi

2/10

Farragut Career Academy High School

Public 9-12 • Assigned • 0.6mi

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

$515,000 – $623,000

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Nearby similar homes

$10,000

Land— sq ft

1308 S Kedvale Ave, Chicago, IL 60623

$219,000

5 beds3 baths2,607 sq ft

1641 S Ridgeway Ave, Chicago, IL 60623

$299,900

12 beds4 baths— sq ft

1609 S Central Park Ave, Chicago, IL 60623

$430,000

5 beds3 baths— sq ft

4024 W Arthington St, Chicago, IL 60624

NEW CONSTRUCTION

$699,000

5 beds3.5 baths— sq ft

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$529,900

9 beds4 baths— sq ft

1504 S Hamlin Ave, Chicago, IL 60623

New listings for sale in 60623

NEW 3 HRS AGO

$219,900

4 beds1 bath1,166 sq ft

2851 S Kildare Ave, Chicago, IL 60623

NEW

$439,900

8 beds3 baths— sq ft

1419 S Kedvale Ave, Chicago, IL 60623

$335,000

3 beds2 baths1,824 sq ft

1610 S Saint Louis Ave, Chicago, IL 60623

$269,000

3 beds1 bath1,359 sq ft

1608 S Millard Ave, Chicago, IL 60623

$265,000

4 beds3 baths— sq ft

2622 S Ridgeway Ave, Chicago, IL 60623

$374,500

5 beds2 baths— sq ft

2708 S Kildare Ave, Chicago, IL 60623

$79,999

6 beds3 baths— sq ft

1304 S Karlov Ave, Chicago, IL 60623

3D WALKTHROUGH

$249,900

3 beds1.5 baths1,363 sq ft

1265 S Saint Louis Ave, Chicago, IL 60623

$299,900

12 beds4 baths— sq ft

1609 S Central Park Ave, Chicago, IL 60623

Home values near 1940 S Ridgeway Ave

Data from public records.

Address	Redfin Estimate
1928 South Ridgeway Ave Apartment 1, Chicago, IL 7 Beds \| 3.5 Baths \| - Sq. Ft.	$539,728
1923 South Ridgeway Ave, Chicago, IL 4 Beds \| 2 Baths \| 2526 Sq. Ft.	$356,693

Address	Redfin Estimate
1925 South Ridgeway Ave, Chicago, IL 3 Beds \| 2 Baths \| 1200 Sq. Ft.	$245,122
1929 South Ridgeway Ave, Chicago, IL 2 Beds \| 2 Baths \| 1809 Sq. Ft.	$210,920

Address	Redfin Estimate
1927 South Ridgeway Ave, Chicago, IL 6 Beds \| 3 Baths \| 2712 Sq. Ft.	$342,428
1920 South Ridgeway Ave, Chicago, IL 6 Beds \| 2 Baths \| 2766 Sq. Ft.	$253,137

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 1940 S Ridgeway Ave

Tax history for 1940 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 1940 S Ridgeway Ave

More real estate resources