OFF MARKET

Off market jan 2022 for $800K

$1,184,055

Est. refi paymentEst. refi $5,227/mo

•

—

sq ft

2541 N Ridgeway Ave, Chicago, IL 60647

About this home

This brick 4-flat is an Incredible multi-unit investment opportunity in the heart of Palmer/Logan Square on a quiet tree lined street. 4 legal units with unit 1, 2 and 3 featuring: 3 bedrooms, 1 bathroom, huge living rooms with bay window area, formal dining rooms, large kitchens, rear decks, gas forced air and central air. Garden unit features a nice size living/dining room, generous kitchen, 1 bedroom, 1 bathroom and walk in closet. Numerous updates throughout, all utilities separated which tenants pay except for garden unit, basement area with laundry room and storage, great yard, brick 2 car garage and easy street parking. Top floor unit is currently vacant and ready for a live-in owner or to be rented out. Units leased below market value as they are all long-term tenants but currently on month-to-month leases. Close to everything that Logan Square has to offer including nightlife, shopping, top Chicago neighborhood restaurants, and transportation.

Multi-familyProperty Type

1925Year Built

2 car garageParking

Listed by Michael Shenfeld • Jameson Sotheby's Intl Realty

Bought with Christopher McNulty • Nelly Corp Realty

Redfin checked: 2 minutes ago

•Source:MRED as Distributed by MLS Grid #11281287

Redfin Estimate

$1,184,055

$384K since sold in January 2022$142K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 23% higher than the average sale price ($963K) of 5 comparable homes.

SOLD JUL 1, 2026
$665,000
A
6 beds3 baths— sq ft
3742 W Diversey Ave, Chicago, IL 60647
SOLD FEB 6, 2026
$1,138,000
B
5 beds3.5 baths3,122 sq ft
2529 N Lawndale Ave, Chicago, IL 60647
SOLD APR 17, 2026
$1,150,000
C
4 beds3.5 baths3,100 sq ft
2624 N Hamlin Ave, Chicago, IL 60647
SOLD APR 30, 2026
$1,075,000
D
6 beds3 baths— sq ft
2615 N Hamlin Ave, Chicago, IL 60647
SOLD AUG 13, 2026
$785,000
E
6 beds3 baths— sq ft
2837 N Central Park Ave, Chicago, IL 60618

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Earn from this home

Sell

$545,496

Est. take-home

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Refinance

Est. cash available

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Market trends in Kosciuszko Park, IL

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

101.3%

+1.3% MoM

Median sale price

$565K

$110K MoM

Avg. days on market

30d

82 days MoM

Recently sold homes

0 MoM

New listings for sale

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6 beds6 baths— sq ft
3517 W Diversey Ave, Chicago, IL 60647
$1,600,000
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7 beds3 baths— sq ft
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OPEN TODAY, 11AM TO 12PM
$1,325,000
5 beds3.5 baths— sq ft
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2 beds1 bath950 sq ft
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OPEN TODAY, 11AM TO 1PM
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2 beds2 baths1,085 sq ft
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OPEN TODAY, 2PM TO 4PM
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4 beds2.5 baths2,780 sq ft
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See all

Provided by Redfin

Sale history for 2541 N Ridgeway Ave

Year

Property tax

Land + Additions

Assessment*

2023

$18,211 (+6.8%)

$14,138 + $64,863

$79,001

2022

$17,044 (+2.2%)

$11,378 + $74,625

$86,003

2021

$16,679 (+53.0%)

$11,378 + $74,625

$86,003

2020

$10,901 (−6.3%)

$5,200 + $46,661

$51,861

2019

$11,631 (+2.1%)

$5,200 + $55,909

$61,109

2018

$11,392 (+2.4%)

$5,200 + $55,909

$61,109

2017

$11,127 (+5.7%)

$4,550 + $50,514

$55,064

2016

$10,529 (+7.1%)

$4,550 + $50,514

$55,064

2015

$9,827 (+7.8%)

$4,550 + $51,702

$56,252

2014

$9,115 (+2.2%)

$3,900 + $47,796

$51,696

2013

$8,923 (+1.1%)

$3,900 + $47,796

$51,696

2012

$8,829 (+20.4%)

$3,900 + $47,796

$51,696

2011

$7,332 (−10.7%)

$5,200 + $44,085

$49,285

2010

$8,208 (+1.9%)

$5,200 + $50,091

$55,291

2009

$8,052 (+24.8%)

$5,200 + $52,369

$57,569

2008

$6,449 (+6.8%)

$7,409 + $44,264

$51,673

2007

$6,040

$7,409 + $44,264

$51,673

Tax history for 2541 N Ridgeway Ave

Year

Property tax

Land + Additions

Assessment*

2023

$18,211 (+6.8%)

$14,138 + $64,863

$79,001

2022

$17,044 (+2.2%)

$11,378 + $74,625

$86,003

2021

$16,679 (+53.0%)

$11,378 + $74,625

$86,003

2020

$10,901 (−6.3%)

$5,200 + $46,661

$51,861

2019

$11,631 (+2.1%)

$5,200 + $55,909

$61,109

2018

$11,392 (+2.4%)

$5,200 + $55,909

$61,109

2017

$11,127 (+5.7%)

$4,550 + $50,514

$55,064

2016

$10,529 (+7.1%)

$4,550 + $50,514

$55,064

2015

$9,827 (+7.8%)

$4,550 + $51,702

$56,252

2014

$9,115 (+2.2%)

$3,900 + $47,796

$51,696

2013

$8,923 (+1.1%)

$3,900 + $47,796

$51,696

2012

$8,829 (+20.4%)

$3,900 + $47,796

$51,696

2011

$7,332 (−10.7%)

$5,200 + $44,085

$49,285

2010

$8,208 (+1.9%)

$5,200 + $50,091

$55,291

2009

$8,052 (+24.8%)

$5,200 + $52,369

$57,569

2008

$6,449 (+6.8%)

$7,409 + $44,264

$51,673

2007

$6,040

$7,409 + $44,264

$51,673

*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

3,250 Sq. Ft.

Year renovated

—

Sq. Ft.

5,212

Year built

1923

Style

Multi-Family (2-4 Unit)

County

Cook County

APN

13263200120000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 15, 2026.

RS-3

Residential Single-Unit (Detached House) District

The primary purpose of the RS districts is to accommodate the development of detached houses on individual lots. It is intended that RS zoning be applied in areas where the land-use pattern is characterized predominately by detached houses on individual lots or where such a land use pattern is desired in the future. The Zoning Ordinance includes three RS districts - RS3 - which are differentiated primarily on the basis of minimum lot area requirements and floor area ratios.

Permitted uses

Include but are not limited to:

Religious facility
Day care facility
Housing-Single unit
Housing-Other
Infrastructure
Educational / school
Library
Recreation
Cemetery
Park & open space

Property details

Parking

Parking Information
# Of Cars: 2
# of Garage Spaces: 2
Parking: Garage
Garage Ownership: Owned
Garage On-Site: Yes
Garage Type: Detached
Garage Details: Garage Door Opener(s)

Interior

Bathroom Information
# of Baths (Full): 4
Bath Amenities: Soaking Tub

Bedroom Information
# of Bedrooms: 10
# of Bedrooms Possible: 10

Additional Rooms Information
Basement: Full
Basement Description: Finished,Exterior Access,Rec/Family Area,Sleeping Area,Walk-Up Access

Interior Features
# of Rooms: 25

Equipment
Humidifier, TV-Cable, Ceiling Fan(s)

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

Community Information
Community Features: Park, Sidewalks, Street Paved

Exterior

Exterior Features
Exterior Features: Balcony, Deck, Patio, Porch, Storms/Screens

Building Information
# Of Units in Building: 4
Exterior Building Type: Brick
Age: 91-100 Years
Built Before 1978 (Y/N): Yes
Roof: Rubber, Flat
Foundation Details: Concrete Perimeter

Property Information
Property Type: Two to Four Units
Conversion (Y/N): N
Ownership: Fee Simple
Rebuilt (Y/N): No
Rehab (Y/N): Yes
Rehab Year: 2018
Parcel Number: 13263200120000

Lot Information
Dimensions: 26 X 125
Lot Size: Oversized Chicago Lot
Zoning: MULTI

Financial

Tax Information
Tax Annual Amount: $10,901.24
Tax Year: 2020
Tax Exemptions: Homeowner

Financial Information
Finance Code: Conventional
Special Service Area: N
Gross Income: $61,200

Utilities

Utility Information
Water Source: Lake Michigan, Public
Sewer: Public Sewer

Heating & Cooling
Heating: Natural Gas, Forced Air

Location

School Information
Elementary School District: 299
Elementary School: Monroe Elementary School
Middle Or Junior School District: 299
Middle Or Junior School: Monroe Elementary School
High School District: 299
High School: Kelvyn Park High School

Location Information
Township: Jefferson
Corporate Limits: Chicago
Directions: Fullerton to Ridgeway, North to building.

Public facts

Beds: 14
Baths: 4.0
Sq. Ft.: 5,212
Stories: 3.0
Lot Size: 3,250 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1923
Year Renovated: —
County: Cook County
APN: 13263200120000

Home facts updated by county records on Sep 15, 2026

Other

Expense Information
Water Sewer Expense: $1,200
Water Expense Source: Owner Projection
Electric Expense: $720

Listing Information
Holds Earnest Money: Yes
Possession: Closing

Around this home

Schools

Monroe Elementary School

Public PreK-8 • Assigned • 0.2mi

4/10

Kelvyn Park High School

Public 7-12 • Assigned • 0.8mi

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 99° 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 • 60647

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

$1.13M – $1.36M

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Home values near 2541 N Ridgeway Ave

Data from public records.

Address	Redfin Estimate
2545 North Ridgeway Ave, Chicago, IL 4 Beds \| 2 Baths \| 1968 Sq. Ft.	$602,026
2539 North Ridgeway Ave, Chicago, IL 3 Beds \| 2 Baths \| 1400 Sq. Ft.	$644,442

Address	Redfin Estimate
2536 North Ridgeway Ave, Chicago, IL 3 Beds \| 1 Baths \| 1344 Sq. Ft.	$533,658
2544 North Ridgeway Ave, Chicago, IL 3 Beds \| 1 Baths \| 1328 Sq. Ft.	$547,340

Address	Redfin Estimate
2532 North Ridgeway Ave, Chicago, IL 3 Beds \| 2 Baths \| 1854 Sq. Ft.	$664,359
2535 North Ridgeway Ave, Chicago, IL 5 Beds \| 3 Baths \| 2900 Sq. Ft.	$966,449

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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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in Kosciuszko Park, IL

Sale history for 2541 N Ridgeway Ave

Tax history for 2541 N 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 60647

Home values near 2541 N Ridgeway Ave

More real estate resources