5791 N Ridge Ave
Chicago, IL 60660
8 Beds
7 Baths
3,843 Sq Ft
2 Days on Market
For Sale $1,250,000
Save
Courtesy of RE/MAX Suburban

Listing Agent & Comments

Sharon LuoRE/MAX Suburban
847-922-3284sharonluo@remax.net
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
Additional home details
Living Area3,843 Sq.Ft.
Lot Size3,123 Sq.Ft.
Total Rooms--
Bedrooms8
Bathrooms7
Stories3
Year Built1932
Property TypeMultifamily
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year--
Tax Amount--
Property in Flood Zone--
BasementYes
PoolNo
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HouseCanary, Inc. Brokerage

5791 N Ridge Ave., Chicago, IL 60660

Multifamily
8 Beds
7 Baths
3,843 Sq Ft
2 Days on Market

Listing Agent & Comments

Sharon LuoRE/MAX Suburban
847-922-3284sharonluo@remax.net
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
Additional home details
Living Area3,843 Sq.Ft.
Lot Size3,123 Sq.Ft.
Total Rooms--
Bedrooms8
Bathrooms7
Stories3
Year Built1932
Property TypeMultifamily
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year--
Tax Amount--
Property in Flood Zone--
BasementYes
PoolNo
This property is missing data for:
Comparable properties and forecast
New
Do you own this home?
Access your homeowner dashboard
house
For Sale $1,250,000
Save
Courtesy of RE/MAX Suburban
5791 N Ridge Ave
Chicago, IL 60660
8 Beds
7 Baths
3,843 Sq Ft
2 Days on Market

Listing Agent & Comments

Sharon LuoRE/MAX Suburban
847-922-3284sharonluo@remax.net
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
Additional home details
Living Area3,843 Sq.Ft.
Lot Size3,123 Sq.Ft.
Total Rooms--
Bedrooms8
Bathrooms7
Stories3
Year Built1932
Property TypeMultifamily
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year--
Tax Amount--
Property in Flood Zone--
BasementYes
PoolNo
This property is missing data for:
Comparable properties and forecast
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $1,250,000
Save
Courtesy of RE/MAX Suburban