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2656 S Ridgeway Avenue

Chicago, IL 60623

7 beds
3 baths
– sqft
3,125 sqft lot
1901 build
– on site

This exceptional brick 2-flat with coach house represents a rare chance to invest in one of Chicago's most dynamic neighborhoods. Strategically located just steps away from the bustling shopping district along 26th Street, this property sits in the "second Magnificent Mile" - the second-highest grossing retail strip in Chicago, surpassed only by Michigan Avenue. The property boasts an impressive 7 bedrooms total across three units, currently generating a steady monthly income with month-to-month tenants.. This flexible rental arrangement provides investors with immediate cash flow and the ability to adjust strategies as the market evolves. The brick construction and coach house offer additional value. The neighborhood's strategic location offers close proximity to parks and easy access to expressways, making it an attractive option for both residents and investors. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a strategic investment, this 2-flat offers an exceptional opportunity to capitalize on Little Village's dynamic real estate market and take over this great investment from a seller that appreciates buyers agents

Listing courtesy of MRED / Infiniti Properties, Inc. as distributed by MLS GRID

Last checked: Checking… • Last updated Jan 27, 2025 •

MLS# 12275520 —

The Building

Year Built:

1901
Rebuilt:

No
New Construction:

false
New Construction:

No
Architectural Style:

Bi-Level
Roof:

Asphalt
Basement:

Full
Foundation Details:

Concrete Perimeter

Interior

Rooms Total:

13

Location

Directions:

Take 26th Street to Lawndale Turn West (right) onto 27th Street Turn North (right) onto Ridgeway Continue until you reach 2656 S Ridgeway Ave
Location:

88006

The Property

Parcel Number:

16263040390000
Property Type:

Residential Income
Location:

O
Lot Features:

Fenced Yard
Lot Size Dimensions:

25 X 125
Lot Size Source:

County Records
Zoning:

MULTI
Waterfront:

false
Additional Parcels:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2022
Tax Annual Amount:

5245

Beds

Bedrooms Total:

7
Bedrooms Possible:

7

Baths

Baths:

3
Full Baths:

3

The Listing

Special Listing Conditions:

Standard

Heating & Cooling

Heating:

Natural Gas

Utilities

Sewer:

Public Sewer
Water Source:

Public

Schools

Elementary School:

Gary Elementary School
Elementary School District:

299
Middle Or Junior School District:

299
High School District:

299

The Community

Subdivision Name:

Little Village
Community Features:

Park, Curbs, Gated, Sidewalks, Street Lights, Street Paved

Parking

Parking Total:

1
Parking Features:

Off Street
Parking Onsite:

No
Parking Ownership:

N/A

Extra Units

Other Structures:

Guest House

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
1/26/25 Jan 26, 2025	Listed / Active	MRED	$354,900	23.2% (8.8% / YR)
6/7/22 Jun 7, 2022		MRED	$288,000	-2.3%
4/29/22 Apr 29, 2022		MRED	$294,900

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This multifamily located in West Side, Chicago, IL 60623 is currently for sale for $354,900. 2656 S Ridgeway Avenue is a – square foot multifamily with 7 beds and 3 baths that has been on Estately for 1 days. 2656 S Ridgeway Avenue is in the West Side neighborhood of Chicago and has a WalkScore® of 88, making it very walkable. This multifamily is in the attendance area of Little Village Elementary School and Farragut Career Academy High School.

Listing courtesy of MRED, Infiniti Properties, Inc., and Daniel Ellington as distributed by MLS GRID.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Signal Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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.
© 2025 Midwest Real Estate Data LLC
Information deemed reliable but not guaranteed by MLS GRID. Use of MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to MLS GRID as of Jan 27, 2025, 03:18 pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.