7146 South Ridgeland Avenue, Chicago, IL

$599,053

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About 7146 South Ridgeland Avenue

Welcome to Jackson Park, the finest area in South Shore, where an exceptional opportunity awaits you. This 6-unit building boasts a desirable layout, with each unit featuring 2 spacious bedrooms and 1 bathroom along with huge living rooms, dining rooms, and sunrooms. Individual utilities ensure convenience and flexibility for both tenants and landlords. Brand new duck work and back porch in 2022. 3 units has been renovated to perfection in 2018. Moreover, the highly anticipated Obama Library, currently under construction nearby, promises to further enhance the value of the area in the coming years. There exists a notable potential to enhance the property's value through the upward adjustment of current below-market lease rates to align with prevailing market-level lease rates during the time of renewal or execution of new leases.

Features of 7146 South Ridgeland Avenue

MLS® # 11976319
Price $599,053
Bathrooms 0.00
Acres 0.00
Year Built 1914
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 7146 South Ridgeland Avenue
Area CHI - South Shore
City Chicago
County Cook
State IL
Zip Code 60649

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace Yes
# of Fireplaces 6
Has Basement No

Additional Information

Days on Market 83
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeDream Spots Leasing Inc

Listing Map