3838 RIDGELAND Avenue Berwyn, IL $ 520,000
3838 RIDGELAND Avenue
$ 520,000
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3838 RIDGELAND Avenue

Berwyn, IL, 60402
$ 520,000
Bedrooms7 Baths3.0

Monthly Estimate*

$ 3,202

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Multi-Family Home for sale in Berwyn, IL

for $520,000 with 7 bedrooms and 3 full baths. This home was built in 1966.

MULTIPLE OFFER RECEIVED Highest and best due by Tuesday 5/26 at noon. income producing 2-flat in prime South Berwyn location with consistent rental demand and long-term upside. This well maintained, turn key asset has been strategically improved to reduce future maintenance costs and enhance durability, making it an ideal addition to any investor portfolio. Recent capital improvements include garage epoxy flooring, new front and side concrete, and electrical upgrades completed in 2022. In 2023, a new sump pump was installed to improve system reliability. In 2024, additional value add enhancements were completed including new rear concrete for low-maintenance operations, installation of an EV charging station, a reinforced privacy fence with steel posts for long-term durability, and fully paid off solar panels with no lease attached to improve energy efficiency and reduce operating expenses. Property features include separate utilities for each unit, roof approximately 6 years old, second-floor furnace (5years old), and updated windows (2012). Each unit offers 3 bedrooms, 1 bath, spacious living areas, and large bedrooms with generous closet space. Finished basement provides additional owner-use flexibility and includes a bathroom. Two car brick garage completes this solid, cash flowing asset in a strong rental corridor.

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Multi-Family Contingent

Price

$ 520,000

Bedrooms

7

Full Bath

3

Property Type

Multi-Family

Taxes

$ 9,622

Style

Year Built

1966

Town/City

Berwyn

County/Region

Cook

MLS | Web ID

12653600

Features
Exterior
Model TWO FLAT
Parking Features EV Ready Yes Garage Owned Detached Garage
Water Source Lake Michigan
Total Parking 2
Lot Dimensions 30 X 125
Waterfront Y/N N
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General
Sewer Public Sewer
Heating Natural Gas Forced Air
Possession Closing Tenant's Rights
Roof Asphalt
Zoning MULTI
Garage Spaces 2
Construction Materials Brick
Year Built 1966
Township Berwyn
Tax Year 2024
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Contingency Attorney/Inspection
Total Rooms 10
Status Contingent
Directions OGDEN AVE. TO RIDGELAND AVE. S. TO 3838
City Berwyn
High School District 100
MLS Area Berwyn
Tax Annual Amount 9622.4
Standard Status Active Under Contract
Middle/Junior School District 98
Elementary School District 98
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Interior
Basement Finished Full
Total Bedrooms 7
Total Baths 3
Bedrooms Possible 7
Full Baths Building 3
Half Baths Building 0
Total Number of Units 2
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* Excluded Features
List By
Cloud Gate Realty Llc

Broker

vnaranjo1130@gmail.com

Email

Affordability Calculator

$4,004
Per Month
80%
20%
0%
Monthly Principal & Interest
$3,202
Monthly Property Taxes
$802
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
568121 Elementary School
564789 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/21/2026$520,000 Listed Price

Map


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3838 RIDGELAND Avenue, Berwyn, IL, 60402 is a Multi-Family Home for sale at $520,000. 3838 RIDGELAND Avenue has 7 bedrooms, 3.0 baths, and was built in 1966. The property's zip code is 60402 which is in Berwyn, IL