Three-Unit Brick Apartment
New
For Sale
$950,000
5824 N Ridge Ave, Chicago, IL 60660
Three separately metered apartments are fully leased, with coin laundry and dedicated storage lockers.
Property SizeContact for details
Lot Size0.11 Acres
Days on Market2
Property Features for 5824 N Ridge Ave
General Information
Standard status
Active
Total Parking Spaces
3
Lot size
0.11 Acres
Property subtype
Multi-Family
Zoning
RT4
Occupancy
100%
Units
Unit Mix
1 x 2BR/1BA, 2 x 3BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$69,900
Public Transit
Yes
Amenities
coin laundry
storage lockers
Building Details
Year Built
1900
Stories
3
Construction
brick
Listing Agency:
Keller Williams Success Realty
Listed By:
Nate Evans Group
(217) 239-7113
Source:
Illinoishomesearch
Added: Oct 16
Last Checked: Oct 16 at 8:08AM
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 Keller Williams Success Realty
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Investment Insights
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Built in 1900, this brick triplex contains three full-floor apartments: one with 2 bedrooms and 1 bathroom, and two with 3 bedrooms and 1 bathroom each, for 8 bedrooms total. The full basement includes coin-operated laundry and a storage locker for each apartment. A detached three-car garage has one space available to rent. The property occupies a 37.5 x 125-foot lot and is zoned RT4; zoning may permit a fourth unit or a duplex-down configuration for Unit 1, subject to buyer verification. The apartments are separately metered for electricity and are fully leased, with lease expirations from May through July 2027.
The property is about 0.5 mi from the Peterson/Ridge Metra station and 0.4 mi from the Thorndale Red Line station. The #22 Clark and #84 Peterson buses are nearby. Whole Foods and Jewel-Osco are each about 0.4 mi away, while Andersonville’s Clark Street shops and restaurants and Lane Beach on Lake Michigan are each about 0.7 mi away.
The property is about 0.5 mi from the Peterson/Ridge Metra station and 0.4 mi from the Thorndale Red Line station. The #22 Clark and #84 Peterson buses are nearby. Whole Foods and Jewel-Osco are each about 0.4 mi away, while Andersonville’s Clark Street shops and restaurants and Lane Beach on Lake Michigan are each about 0.7 mi away.
Key Highlights
- Three full‑floor apartments with 8 bedrooms total: one 2BR/1BA and two 3BR/1BA units
- Detached three‑car garage; one space available to rent
- Full basement with coin laundry and one storage locker per apartment
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,743
Businesses Nearby
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Business Placement
Demographics for 60660, IL
42,534
Population
23,508
Households
1.8
Avg Household Size
38
Median Age
57%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
32,718
Density / Sq Mi
$66,206
Median Household Income
$46,871
Median Earnings
$1,286
Median Rent
$287,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Three separately metered apartments are fully leased, with coin laundry and dedicated storage lockers.
Where is this triplex located?
The property is located at 5824 N Ridge Ave Chicago, IL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Three full‑floor apartments with 8 bedrooms total: one 2BR/1BA and two 3BR/1BA units; Detached three‑car garage; one space available to rent; Full basement with coin laundry and one storage locker per apartment
