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    2238 S Ridgeway Ave Chicago, IL 60623

    Picture of Commercial land at S Ridgeway Ave 2238, Chicago, IL
    For Sale
    $75,000

    Land - Chicago, IL

    Days on Market:
    22
    Last Refresh:
    Dec 8 at 7:06 pm

    Property Features for 2238 S Ridgeway Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    16261040500000

    Building Details

    Architectural style
    Other

    Realistic Realty LLC (773) 671-6857 [email protected]

    Listing agent Nima Shams (773) 671-6857 License #475178819

    Listing date Nov 17, 2025

    MLS# 12468750 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chicago Land Development Opportunity

    This commercial land is located in the South Lawndale/Little Village neighborhood of Chicago. The property is zoned C1-2, presenting a development opportunity in a fast-appreciating area. The lot is adjacent to 2246 S Ridgeway, which is also for sale. The location is near Family and Shedd Parks. The property is accessible to the Neighborhood Opportunity Fund, the Chicago Opportunity Zones, and other citywide incentives, potentially supporting various types of development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7189768
    Latitude
    41.8504011

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    FAQs

    What type of property is this?
    Commercial land - Land in South Lawndale/Little Village with C1-2 zoning.
    Where is this commercial land located?
    The property is located at 2238 S Ridgeway Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: - C1-2 Zoning allows for various types of development.; - Great location in the fast-appreciating South Lawndale/Little Village area.; - Large lot provides ample space for development.
    (773) 671-6857
    Request Owner's contact information
    2238 S Ridgeway Ave Chicago, IL 60623
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    Chicago, IL 60623
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2238 S Ridgeway Ave Chicago, IL 60623
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