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    7521 S Ridgeland Ave Chicago, IL 60649

    Picture of Duplexes at S Ridgeland Ave 7521, Chicago, IL
    For Sale
    $249,900

    Residential Income - Chicago, IL

    Days on Market:
    33
    Last Refresh:
    Dec 14 at 12:06 am

    Property Features for 7521 S Ridgeland Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    APN
    20253030100000
    Parking
    1

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1915
    Architectural style
    Other

    Pearson Group LLC (773) 325-2800 [email protected]

    Listing agent DJ Doran (773) 325-2800 License #475207826

    Listing date Nov 12, 2025

    MLS# 12497705 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 Residential Income Opportunity

    This residential income property in Chicago, Illinois, presents an opportunity for renovation. Some work has been completed, including the removal of the boiler and radiators, partial interior demolition and repair, and the removal of the back porch and an illegal back room. Located in a growing part of Chicago, this two-flat property has the potential to become a monthly cash-flowing asset. The after-repair value (ARV) is estimated to be almost $400,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -87.5818995
    Latitude
    41.7581812

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    FAQs

    What type of property is this?
    Duplex - Residential income property in Chicago with renovation potential.
    Where is this duplex located?
    The property is located at 7521 S Ridgeland Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: - High potential After Repair Value (ARV) of almost $400,000.; - Opportunity to create a cash-flowing 2-flat property.; - Located in a growing part of Chicago.
    (773) 325-2800
    Request Owner's contact information
    7521 S Ridgeland Ave Chicago, IL 60649
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    Chicago, IL 60649
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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
    7521 S Ridgeland Ave Chicago, IL 60649
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