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Three-Unit Brick Triplex

7843 S Ridgeland Avenue, Chicago, IL 60649

For Sale
New
$550,000

Residential Income, Chicago, IL

Property SizeContact for details
Days on Market2

Property Features for 7843 S Ridgeland Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 9
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 8, Bedroom 4, Bathroom 4, Bedroom 7, Basement, Bathroom 1, Bedroom 5, Bedroom 9, Bedroom 2, Bedroom 1, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 3
Parking 3
Parking features Garage
Basement Walk-Out Access, Full, Partially Finished
Elementary school district 299
Middle school district 299
High school district 299
Directions Take Dan Ryan to 79th Street east to Constance, north to 78th Street, west to Ridgeland, and south to 7843. Welcome
Subdivision CHI - South Shore
Standard status Active
APN 20253270140000

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 3946

Utilities

Sewer type Public Sewer
Heating system Natural Gas

Amenities

rear wooden porches
fenced backyard
laundry facilities
partially finished basement

Building Details

Year built 1922
Building materials Brick
Buildings 1
Listing Agency: eXp Realty
Listed By: Cesar DeSouza · License IL #475180218
Added: Nov 12 Last Checked: Nov 13 at 11:06PM
MLS# 12807488

Copyright © 2026 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.

Rey
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Investment Insights

Based on property information with market context.

This brick residential property contains three apartments, each arranged with 6 rooms, 3 bedrooms, 1 bathroom, and separate living and dining rooms. Electrical work was updated in 2024. The partially finished basement contains 2 washers and 2 dryers. Rear wooden porches and a fenced backyard with green space add outdoor features to the property. A brick garage accommodates 3 cars.

Key Highlights

  • Three apartments, each with 6 rooms, 3 bedrooms, and 1 bathroom
  • Separate living and dining rooms in each apartment
  • Electrical updates completed in 2024

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,069
Businesses Nearby

Demographics for 60649, IL

48,171
Population
28,249
Households
1.7
Avg Household Size
39
Median Age
25%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
13,381
Density / Sq Mi
$40,142
Median Household Income
$36,474
Median Earnings
$1,066
Median Rent
$199,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Triplexes in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Each apartment has three bedrooms, one bathroom, and distinct living and dining rooms.
Where is this triplex located?
The property is located at 7843 S Ridgeland Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three apartments, each with 6 rooms, 3 bedrooms, and 1 bathroom; Separate living and dining rooms in each apartment; Electrical updates completed in 2024
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