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6823-25 S Ridgeland Ave
Multi-Family
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$650,000

6823-25 S Ridgeland Ave, Chicago

45% below median
11 bd·9 ba·0 sqft
Built 19166,750 sqft lotSouth Shore

6823-25 S Ridgeland Ave, Chicago, IL

11 bd · 9 ba · 0 sqft Multi-Family listed at $650,000, built in 1916 in the South Shore neighborhood.

About this home

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
Bedrooms
11
Bathrooms
9
Year built
1916
Lot size
6,750 sqft
Type
Multi-Family
Days on market
108
Est. property tax
$13,520/yr · $1,127/mo · 2.08% IL avg
Last sold
$400,000 · Jul 2019

Estimated monthly payment

Down payment20% ($130,000)
Interest rate6.75%
Principal & Interest$3,373
Property Tax$596
Insurance$150
Total$4,119/mo

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Price history

▲ 8.3%Most recent change on 2026-01-30: $600,000 → $650,000.

$675K$525K$375K$435K on Oct 05 (Sold)$435K on Mar 19 (Initial list)$400K on Jul 19 (Sold)$600K on Jan 26 (Initial list)$650K on Jan 26 (Price change)
$435K · Oct 05$650K · Jan 26
  1. Jan 30, 2026$650,000Price change
  2. Jan 7, 2026$600,000Initial list price
  3. Jul 12, 2019$400,000Sold
  4. Mar 20, 2019$435,000Initial list price
  5. Oct 4, 2005$435,000Sold

Location

This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.

About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.

Location

Map of 6823-25 S Ridgeland Ave, Chicago
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Home Intelligence

Neighborhood (zip 60649)

This neighborhood is primarily renter-occupied (25% owner-occupied). Median age is 37.5; 15% hold a bachelor's degree; median household income is $39,862.

Median income
$39,862
Median age
37.5
Owner-occupied
24.5%
Bachelor's degree
14.7%
Census median home value
$187,200

Source: US Census Bureau American Community Survey 5-year estimates.

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