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6823-25 S Ridgeland Avenue

Chicago, IL 60649
  • $650,000
  • STATUS: Active
  • ON SITE: 33 Days
  • MLS #: 12539514
UPDATED: 114 min ago
$650,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1916
County:
Area:

School Ratings & Info

Description

A recently improved 6-unit multifamily asset offering a blend of modern updates and remaining upside. With many units already renovated, a new owner can focus on rent optimization rather than heavy cap-ex, positioning this property for a strong refinance or resale following stabilization.

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© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or RE/MAX IMPACT. Based on information submitted to the MRED as of 2026-02-10T21:04:43.197 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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6823-25 S Ridgeland Avenue Chicago, IL 60649

  • Price: $650,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 114 min ago
  • MLS #: 12539514
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1916
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
A recently improved 6-unit multifamily asset offering a blend of modern updates and remaining upside. With many units already renovated, a new owner can focus on rent optimization rather than heavy cap-ex, positioning this property for a strong refinance or resale following stabilization.
Exterior Features

Foundation Details Concrete Perimeter Roof Reflective Coating Roof Structure Flat

Interior Features

Heat Ventilation Central Bldg HeatRadiators Number Of Dryers 1 Number Of Ranges 4 Number Of Washers 2

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 7386 Built Before1978 YN Yes Current Use Multi-Family Electric Fuses Gross Income 89520 Gross Scheduled Income 69120 Insurance Expense 5000 Maintenance Expense 1500 Mls Actual Status Active Net Operating Income 37054 Operating Expense 32066 Ownership Types Individual Possible Use Multi-Family Tax Annual Amount 6135 Tax Year 2023 Tenant Pays ElectricityOther Total Monthly Income 5760 Township Hyde Park Type Multi Family 5+ Zoning MULTI

Listing information © 2026 Midwest Real Estate Data LLC.
Listing provided courtesy of EXIT Strategy Realty: 312-554-5478.


© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or RE/MAX IMPACT. Based on information submitted to the MRED as of 2026-02-10T21:04:43.197 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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