6823-25 South Ridgeland Avenue Chicago, IL 60649

Building Details

Year Built

1916

Listing agency EXIT Strategy Realty j***@gmail.com Show Phone

Listed by Ja'Mal Green · License #475202184 Show Phone

Source Compass

Added: Dec 21, 2025 Updated: Jul 20 at 7:25PM Checked: Jul 21 at 8:31AM

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Investment Insights

Based on property information with market context.

This recently improved 6-unit multifamily property offers a mix of modern updates and continued upside through additional rent optimization opportunities. Many of the units have already been renovated, reducing the need for heavy capital expenditure work to position the building for stabilization.

The asset is for sale at 6823-25 South Ridgeland Avenue in Chicago, Illinois 60649. Its existing unit renovations and overall condition make it well suited for an owner planning phased improvements going forward.

As a 6-unit income property, it provides multiple dwelling units within a single building, with renovation momentum already in place and room to further enhance performance over time.

Key Highlights

• 6‑unit multifamily property built in 1916
• Recently improved asset with many units already renovated
• Potential to focus on rent optimization after stabilization

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FAQs

What type of property is this?

Apartment building - Recently improved 6-unit multifamily property with many units renovated and additional upside for future optimization.

Where is this apartment building located?

The property is located at 6823-25 South Ridgeland Avenue Chicago, IL.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: 6‑unit multifamily property built in 1916; Recently improved asset with many units already renovated; Potential to focus on rent optimization after stabilization