Rare Investment Opportunity in Edgewater! Welcome to 5791 N Ridge Ave - a beautifully maintained legal 4-unit brick building offering strong rental income and long-term value. With extensive updates throughout, this is a true turnkey property ideal for both seasoned investors and first-time multi-unit buyers. The building features three spacious 2 bed / 2 bath units, plus a 2 bed / 1 bath garden apartment. Each unit offers hardwood floors, stylish kitchens, updated bathrooms, in-unit laundry. 1st, 2nd, and 3rd floor each has a gas fireplace and individual mechanicals. Major capital improvements include: * 2010 full remodel: new electrical, plumbing, building & garage roofs, 4 boilers, 4 A/C units, and all new appliances * Furnace upgrades: 3rd floor (2010), basement (2011), 2nd floor (2013) * Ongoing updates: dishwashers, microwaves, washers/dryers, hot water heater (2022), garage tuckpointing (2011), masonry repairs (2023) * Iron fence (2016) adds curb appeal and privacy Located in Edgewater, a highly desirable lakefront community with strong rental demand, just minutes from Loyola University, the lakefront, public transportation, shops, and restaurants. Currently, the building is self-managed, and the saving is then passed on to the tenants. The current rent is below market value because tenants are long-time, stable tenants. A rare opportunity to own an income-producing asset in one of Chicago's consistent North Side rental markets. Don't miss it!

Listing Courtesy of MRED as distributed by MLS Grid of RE/MAX Suburban



Based on information submitted to the MLS GRID as of 2025-06-21 06:39 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-06-21 06:39 AM UTC
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