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$1,250,000
1 Day On Site

5791 N RIDGE Avenue
Chicago, IL 60660

For Sale|Multi Family|Active
8
Beds
7
Total Baths
1932
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of RE/MAX Suburban
Call Now: 847-380-8388
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847-380-8388
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Monthly Payment (Est.)

$5,703
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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!

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Listing Snapshot
Price 
$1,250,000
Days On Site 
1 Day
Bedrooms 
8
Inside Area (SqFt) 
N/A
Total Baths 
7
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1932
MLS® Number 
12381656
Status 
Active
Property Tax 
$10,760
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
23 hours agoListing updated with changes from the MLS®
yesterdayListing first seen on site
General Features
Garage 
Yes
Garage Spaces 
2
Parking 
On SiteDetachedGarage
Parking Spaces 
2
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Zoning 
MULTI
Interior Features
Basement 
Partially FinishedExterior EntryFull
Heating 
Forced Air
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Exterior Features
Construction Details 
BrickOther
Community Features
Community Features 
CurbsSidewalksStreet Lights
MLS Area 
CHI – Edgewater
School District 
299
Township 
Lake View
Schools
School District
299
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing Courtesy of MRED as distributed by MLS Grid of RE/MAX Suburban



Based on information submitted to the MLS GRID as of 2025-06-07 12:06 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: 2025-06-07 12:06 AM UTC
MRED DMCA Copyright Information Copyright © 2025 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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