Closed

$385,000

3601 Ridge Rd, Chicago, IL 60438

9beds

7,474sqft

Apartment

Built in 1932

-- sqft lot

$502,100 Zestimate^®

$52/sqft

$1,632 Estimated rent

Home value

$502,100

$437,000 - $572,000

$1,632/mo

Zestimate^® history

Owner options

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$1,632/mo

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$1,632/mo

Rent Zestimate^®

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$2,743/mo

Est. payment

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$2,743/mo

Est. payment

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What's special

Investors this building has 2 residential units (one that has been completely updated). It also offers 2 commercial units. 2 of the 4 units are currently occupied generating cash flow. This unit is also being sold as a package deal see listing number540317 for more information.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 7
Full bathrooms: 3
1/2 bathrooms: 4

Features

Elevator
Has basement: No

Interior area

Total structure area: 7,474
Total interior livable area: 7,474 sqft
Finished area above ground: 7,474

Property

Parking

Parking features: Other

Lot

Size: 4,830 Square Feet
Dimensions: 66 x 151

Details

Parcel number: NEW OR UNDER CONSTRUCTION

Construction

Type & style

Home type: MultiFamily
Property subtype: Apartment

Condition

New construction: No
Year built: 1932

Utilities & green energy

Water: Public
Utilities for property: Sewer Available

Community & HOA

Community

Subdivision: None

Location

Region: Chicago

Financial & listing details

Price per square foot: $52/sqft
Tax assessed value: $242,400
Annual tax amount: $16,692
Date on market: 3/12/2024
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,Lease Option,Other
Total actual rent: 26850

Price history

Date	Event	Price
3/12/2024	Sold	$385,000-14.4%$52/sqft
Source: NIRA as distributed by MLS GRID #540374 Report a problem
12/19/2023	Contingent	$450,000$60/sqft
Source: NIRA as distributed by MLS GRID #540374 Report a problem
10/18/2023	Listed for sale	$450,000$60/sqft
Source: NIRA as distributed by MLS GRID #540374 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$12,425 +5.9%	$24,240 +0%
2023	$11,728 -7.4%	$24,239 +24.4%
2022	$12,660 +2.8%	$19,479
2021	$12,314 +7.7%	$19,479
2020	$11,428 +52.4%	$19,479 +47.9%
2019	$7,500 +17.8%	$13,173
2018	$6,367 -7.9%	$13,173 -6.9%
2017	$6,913 +16.4%	$14,151 +14.5%
2016	$5,940 +7.3%	$12,361 -1.1%
2015	$5,537 +2.1%	$12,493 +1.1%
2014	$5,421 +13.3%	$12,361 -1.9%
2013	$4,786 +6.6%	$12,602
2012	$4,492 +3.5%	$12,602
2011	$4,338 -20.4%	$12,602 -15.6%
2010	$5,448 -21.4%	$14,932 -23.4%
2009	$6,935 +158.2%	$19,484 +124.7%
2008	$2,686 -80.5%	$8,672 -80.9%
2007	$13,779 +7.6%	$45,508
2006	$12,807 +9.9%	$45,508
2005	$11,657 +0.2%	$45,508 +12.1%
2004	$11,629 +7.6%	$40,585
2003	$10,811	$40,585