A recently improved 6-unit multifamily asset offering a blend of modern updates and remaining upside. With many units already renovated, a new owner can focus on rent optimization rather than heavy cap-ex, positioning this property for a strong refinance or resale following stabilization.
Property Details
Price:
$650,000
MLS #:
MRD12539514
Status:
Active
Beds:
3
Baths:
5
Type:
Commercial
Neighborhood:
chisouthshore
Listed Date:
Jan 7, 2026
Total Sq Ft:
7,386
Year Built:
1916
Schools
Interior
Exterior
Construction Materials
Brick
Roof
Reflective Coating
Stories
3
Financial
Maintenance Fee
$1,500
Tax Year
2023
Taxes
$6,135
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Mike Gonet was born, raised, and raised his family in the Putnam County Area. He has successfully run a family-owned real estate business for over 40 years with Gonet Real Estate & Land Co. He has extensive experience (and thoroughly enjoys) selling vacant land, farm ground, and commercial properties. When Mike has free time, he enjoys spending it with his 4 adult children and many grandkids by watching baseball and college basketball and playing golf. His experience and expertise in real estat…
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6823-25 S RIDGELAND Avenue
Chicago, IL