5791 N Ridge Ave
Chicago, IL 60660
8 Beds7 Baths3,843 Sq Ft2 Days on Market
Listing Agent & Comments
Rare Investment Opportunity in Edgewater! Welcome to 5791 N Ridge Ave - a beautifully maintained legal 4-unit brick building offering strong rental income and long-term value. With extensive updates throughout, this is a true turnkey property ideal for both seasoned investors and first-time multi-unit buyers. The building features three spacious 2 bed / 2 bath units, plus a 2 bed / 1 bath garden apartment. Each unit offers hardwood floors, stylish kitchens, updated bathrooms, in-unit laundry. 1st, 2nd, and 3rd floor each has a gas fireplace and individual mechanicals. Major capital improvements include: * 2010 full remodel: new electrical, plumbing, building & garage roofs, 4 boilers, 4 A/C units, and all new appliances * Furnace upgrades: 3rd floor (2010), basement (2011), 2nd floor (2013) * Ongoing updates: dishwashers, microwaves, washers/dryers, hot water heater (2022), garage tuckpointing (2011), masonry repairs (2023) * Iron fence (2016) adds curb appeal and privacy Located in Edgewater, a highly desirable lakefront community with strong rental demand, just minutes from Loyola University, the lakefront, public transportation, shops, and restaurants. Currently, the building is self-managed, and the saving is then passed on to the tenants. The current rent is below market value because tenants are long-time, stable tenants. A rare opportunity to own an income-producing asset in one of Chicago's consistent North Side rental markets. Don't miss it!
MLS# MRD12381656 • Data provided by MRED as distributed by MLS Grid
Living Area | 3,843 Sq.Ft. |
---|---|
Lot Size | 3,123 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 8 |
Bathrooms | 7 |
Stories | 3 |
Year Built | 1932 |
Property Type | Multifamily |
Zoning | -- |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | -- |
Tax Amount | -- |
Property in Flood Zone | -- |
Data provided by MRED as distributed by MLS Grid.
This property is missing data for:
Comparable properties and forecast
New
Do you own this home?
Access your homeowner dashboard
HouseCanary, Inc. Brokerage
5791 N Ridge Ave., Chicago, IL 60660
Multifamily8 Beds7 Baths3,843 Sq Ft2 Days on Market
Listing Agent & Comments
Rare Investment Opportunity in Edgewater! Welcome to 5791 N Ridge Ave - a beautifully maintained legal 4-unit brick building offering strong rental income and long-term value. With extensive updates throughout, this is a true turnkey property ideal for both seasoned investors and first-time multi-unit buyers. The building features three spacious 2 bed / 2 bath units, plus a 2 bed / 1 bath garden apartment. Each unit offers hardwood floors, stylish kitchens, updated bathrooms, in-unit laundry. 1st, 2nd, and 3rd floor each has a gas fireplace and individual mechanicals. Major capital improvements include: * 2010 full remodel: new electrical, plumbing, building & garage roofs, 4 boilers, 4 A/C units, and all new appliances * Furnace upgrades: 3rd floor (2010), basement (2011), 2nd floor (2013) * Ongoing updates: dishwashers, microwaves, washers/dryers, hot water heater (2022), garage tuckpointing (2011), masonry repairs (2023) * Iron fence (2016) adds curb appeal and privacy Located in Edgewater, a highly desirable lakefront community with strong rental demand, just minutes from Loyola University, the lakefront, public transportation, shops, and restaurants. Currently, the building is self-managed, and the saving is then passed on to the tenants. The current rent is below market value because tenants are long-time, stable tenants. A rare opportunity to own an income-producing asset in one of Chicago's consistent North Side rental markets. Don't miss it!
MLS# MRD12381656 • Data provided by MRED as distributed by MLS Grid
Living Area | 3,843 Sq.Ft. |
---|---|
Lot Size | 3,123 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 8 |
Bathrooms | 7 |
Stories | 3 |
Year Built | 1932 |
Property Type | Multifamily |
Zoning | -- |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | -- |
Tax Amount | -- |
Property in Flood Zone | -- |
Data provided by MRED as distributed by MLS Grid.
This property is missing data for:
Comparable properties and forecast
New
Do you own this home?
Access your homeowner dashboard
5791 N Ridge Ave
Chicago, IL 60660
8 Beds7 Baths3,843 Sq Ft2 Days on Market
Listing Agent & Comments
Rare Investment Opportunity in Edgewater! Welcome to 5791 N Ridge Ave - a beautifully maintained legal 4-unit brick building offering strong rental income and long-term value. With extensive updates throughout, this is a true turnkey property ideal for both seasoned investors and first-time multi-unit buyers. The building features three spacious 2 bed / 2 bath units, plus a 2 bed / 1 bath garden apartment. Each unit offers hardwood floors, stylish kitchens, updated bathrooms, in-unit laundry. 1st, 2nd, and 3rd floor each has a gas fireplace and individual mechanicals. Major capital improvements include: * 2010 full remodel: new electrical, plumbing, building & garage roofs, 4 boilers, 4 A/C units, and all new appliances * Furnace upgrades: 3rd floor (2010), basement (2011), 2nd floor (2013) * Ongoing updates: dishwashers, microwaves, washers/dryers, hot water heater (2022), garage tuckpointing (2011), masonry repairs (2023) * Iron fence (2016) adds curb appeal and privacy Located in Edgewater, a highly desirable lakefront community with strong rental demand, just minutes from Loyola University, the lakefront, public transportation, shops, and restaurants. Currently, the building is self-managed, and the saving is then passed on to the tenants. The current rent is below market value because tenants are long-time, stable tenants. A rare opportunity to own an income-producing asset in one of Chicago's consistent North Side rental markets. Don't miss it!
MLS# MRD12381656 • Data provided by MRED as distributed by MLS Grid
Living Area | 3,843 Sq.Ft. |
---|---|
Lot Size | 3,123 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 8 |
Bathrooms | 7 |
Stories | 3 |
Year Built | 1932 |
Property Type | Multifamily |
Zoning | -- |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | -- |
Tax Amount | -- |
Property in Flood Zone | -- |
Data provided by MRED as distributed by MLS Grid.
This property is missing data for:
Comparable properties and forecast
New
Do you own this home?
Access your homeowner dashboard