new - 1 day on rocket

5011 N Ravenswood Ave, Chicago, IL, 60640

$699,000

Home List Price

$8,301*

Closing Credit

5 Bedrooms
4 Baths
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

5011 N Ravenswood Ave, Chicago$699,000

Buyer Closing Credits

$8,301*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeResidential
Attached Garage2 spaces
Year Built1925
HeatingNatural Gas
MLS #11944348
StatusActive
(New)

About 5011 N Ravenswood Ave

PRICED TO SELL! Prepare to be impressed - this is unlike anything you've ever seen before. Originally a small office and factory/warehouse built in 1925 (believed to be the original headquarters of Hal's Party Rental) , this building was completely gut rehabbed and converted in 2017 and turned into two spectacularly unique apartments! Formerly commercial zoning, this is now multi-unit zoned (RT4, although buyer should verify with City - seller makes no guarantees). Unit 1 (front) is a huge apartment, with 17' ceilings, barrel ceilings, etc - featuring 3 bedrooms, 1.5 baths, and nearly 1400 square feet. Second (rear) unit is a 2 bedroom, 2 bathroom unit with wood-tone ceramic floors, 12'+ ceilings. Both units have in-unit laundry. 400 amp electric service. ENORMOUS 23x23 storage/garage space in rear of building. Sitting on a 163x25 lot (4,500 square feet) - great option for developers, too. Rent roll: Front unit rented for $2000 through 02/01/25, Rear unit rented for $1695 through 06/01/2025, Garage is rented for $975 month-to-month (and would sign a full 1-year lease). Metra, CTA Brown line, and bus only a hop skip and jump away! Mariano's and Winnemac Park nearby. Lake is 10 minutes east. Both units feature their own dedicated and individually-controlled HVAC system and the building shares one XL water heater - all replaced within the last year. The roof was replaced 2 years ago. Come collect instant rental income, or collect while you plan your next project in this area which is bustling with new development. This is an estate sale, and will be conveyed in as-is condition. Showings only permitted after an executed contract.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 1925

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (847) 433-5400
  • Listing Agent: Joe Tyler Gerber

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes

Utilities

Utilities Information:

  • Heating: Natural Gas

Other

Directions Information:

  • Directions: West of Ashland, East of Damen on Lawnrece to Ravenswood. to 5011. No sign.

Price Information

Listing Price Info

Price Summary:

  • List Price: $699,000

Tax Information:

  • Annual Amount: $10,181
  • Tax Year: 2019
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Chicago, IL.

Map thumbnail provided by MapBox

Chicago, IL

City

Med. Sold Price

$363.9K

Med. Price/SqFt

$260

Avg. Days On Market

33

# of Sold Homes

1620

5011 N Ravenswood Ave vs Chicago

1 DAY ON ROCKET

-32 Days

$699,000

+$335K More

KEY TAKEAWAY

This property is $335K more than the Median Sold Price in Chicago, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #11944348

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (847) 433-5400
  • Listing Agent: Joe Tyler Gerber

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

DIGITAL MILLENNIUM COPYRIGHT ACT (DMCA) NOTICE
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/3/2024, 11:45:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 23, 2013Home Sold
$355,000
Mar 04, 2004Home Sold
$230,000

Tax History

YEARPROP. TAXASSESSMENT
2019$10,181$50,674
2018$10,009$50,674
2017$8,920$41,438

History based on county public records data.

Payment Calculator

$3,556

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,162

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3810715
5
/10

  • Hibbard Elementary School

  • 3244 W Ainslie St

  • 1.88 miles

  • Public District Grades PK-6

school-card-donut-3810716
4
/10

  • Henry Elementary School

  • 4250 N Saint Louis Ave

  • 2.36 miles

  • Public District Grades PK-6

school-card-donut-3810717
4
/10

  • New Field Elementary School

  • 1707 W Morse Ave

  • 2.39 miles

  • Public District Grades KG-3

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $66,286. The majority of Chicago, IL residents have income between $35k-100k annually. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5011 N Ravenswood Ave

What is the listing price of this property?

The listing price of 5011 N Ravenswood Ave property is $699,000.

What type of property is this?

The property 5011 N Ravenswood Ave is a house located in Chicago, Illinois, 60640.

Is this property for sale now?

Active Listing: 5011 N Ravenswood Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2019 is $10,181 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 23, 2013 for $355,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5011 N Ravenswood Ave has 5 bedrooms and 4 bathrooms.

Which year was this property built?

The year of construction for 5011 N Ravenswood Ave is 1925.

Rocket Homes›Illinois›Cook County›Chicago›60640›5011 N Ravenswood Ave

This home is located at 5011 N Ravenswood Ave in Chicago, IL and zip code 60640 in the Uptown neighborhood. This home was built in 1925. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 02, 2024 and is currently priced at $699,000.

Over 521 listings were sold over their listed price in November 2024 in Chicago, IL. In the same period over 845 listings were sold below the listed price and 254 listings were sold for the listed price. Between October 2024 and November 2024, Chicago, IL real estate market has seen increase in the number of listings by 2.1%. In November 2024, listings were on the market for 33 days. During the same period, the median list price in this real estate market was $363,936.

From Rocket Homes Real Estate and based on county public records data.

More Resources