Backup offers
#12417586, Susan Lawrence, Listing office: @properties Christie's International Real Estate
Property details
About 5791 N Ridge Ave
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 desireable communite with 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!
Highlights
Home typeResidential
HeatingForced Air
StatusAccepting Backup Offers
(Contingent)
(Contingent)
BasementYes
Year built1932
ParkingOn Site, Detached, Garage
MLS #12381656
Garage2 spaces
Summary
- Basement: Yes
- Total Bedroom Count: 8
- Garage Space: 2 spaces
- Parking: On Site, Detached, Garage
- Heating: Forced Air
- List Price: $1,250,000
- Annual Tax Amount: $10,489
- Tax Year: 2022
- Directions: BROADWAY TO RIDGE, NORTH TO THE HOUSE
- Year Built: 1932
- MLS Number: 12381656
- MLS Name: MRED
- Office Name: RE/MAX Suburban
- Office Phone: (847) 634-6200
- Listing Agent: Sharon Luo
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 18, 1999 | Home Sold | $459,000 |
| Oct 18, 1999 | Home Sold | $350,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2022 | $51,000 | $10,489 |
| 2020 | $42,623 | $9,495 |
| 2019 | $48,993 | $9,843 |
History based on county public records data.
Nearby schools
4
New Field Elementary School
Public District KG-3
1.4 mi
•1707 W Morse Ave
9
Sor Juana Ines de la Cruz
Public District PK-4
2.2 mi
•4120 W 57th St
4
Hibbard Elementary School
Public District PK-6
2.6 mi
•3244 W Ainslie St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $52,068. The majority of Chicago, IL residents have income less than $<35k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
38%
<35k
38%
35k-100k
15%
100k-200k
9%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
64%
Single, No Kids
7%
Single, with Kids
17%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
4%
12-17 yrs old
36%
18-34 yrs old
42%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Tennis
Music Concerts
Art Museums
Where do the neighbors shop?
Crate & Barrel
H&M
Bloomingdales
Where do the neighbors go to eat?
Starbucks
Chipotle
Jack In The Box
What do the neighbors drive?
BMW
Volkswagen
Audi
What do the neighbors listen to?
News
Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5791 N Ridge Ave
The listing price of 5791 N Ridge Ave property is $1,250,000.
The property 5791 N Ridge Ave is a house located in Chicago, Illinois, 60660.
Accepting Backup Offers: 5791 N Ridge Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 5791 N Ridge Ave are: New Field Elementary School (GreatSchools Rating 4/10), Sor Juana Ines de la Cruz (GreatSchools Rating 9/10), Hibbard Elementary School (GreatSchools Rating 4/10), Peirce Elementary School (GreatSchools Rating 6/10), Swift Elementary School (GreatSchools Rating 4/10), Asian Human Services -Passage Charter (GreatSchools Rating 5/10), Senn High School (GreatSchools Rating 4/10), Sullivan High School (GreatSchools Rating 2/10), Amundsen High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2022 is $10,489 (source: MLS/based on county public records data).
The last sale was on October 18, 1999 for $459,000 (source: MLS/tax record).
The property at 5791 N Ridge Ave has 8 bedrooms and 7 bathrooms.
The year of construction for 5791 N Ridge Ave is 1932.
This home is located at 5791 N Ridge Ave in Chicago, IL and zip code 60660 in the Edgewater neighborhood. Features: 8 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since June 5, 2025 and is currently priced at $1,250,000.
Over 1044 listings were sold over their listed price in June 2025 in Chicago, IL. In the same period over 952 listings were sold below the listed price and 385 listings were sold for the listed price. The inventory of homes for sale in Chicago, IL between May and June 2025 increased by 7.6%. In June 2025 median list price was $379,143 and the average listing age was 25 days.
From Rocket Homes Real Estate and based on county public records data.