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Two-Unit Duplex Building
New
For Sale
$265,000

2622 S Ridgeway Avenue, Chicago, IL 60623

Tenant-occupied duplex offered as-is with work needed and convenient access to stores and transportation.

Property SizeContact for details
Days on Market5

Property Features for 2622 S Ridgeway Avenue

General Information

Standard status Active
Property subtype MULTI_FAMILY

Property Condition

Severity Repairs Needed
Evidence in need of Work

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $3,098

Building Details

Year Built 1903
Buildings 1
Listing Agency: Midwest Real Estate Brokerage LLC
Listed By: Joel Mandujano · License #475139231
Source: Harkinsandassociates
Added: Sep 21 Changed: Sep 23 Last Checked: Sep 24 at 5:11PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Midwest Real Estate Brokerage LLC

Investment Insights

Based on property information with market context.

This two-unit duplex was built in 1903 and is currently tenant occupied. The property is being offered in as-is condition and requires work, presenting a renovation-focused ownership opportunity. Access for showings requires 48 hours’ notice.

Key Highlights

  • Two‑unit duplex building
  • Built in 1903
  • Tenant occupied

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Hotel & Motel Law Firm Acupuncture (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,733
Businesses Nearby

Demographics for 60623, IL

87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Tenant-occupied duplex offered as-is with work needed and convenient access to stores and transportation.
Where is this duplex located?
The property is located at 2622 S Ridgeway Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two‑unit duplex building; Built in 1903; Tenant occupied
More about this property
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