Closed

$515,000

3136 Ridgeland Avenue, Berwyn, IL 60402
7 Beds4 Baths15 days
3136 Ridgeland Avenue·Berwyn, IL 60402
7Bedrooms
4Bathrooms
1916Year Built
About This Home

Exceptional investment opportunity in Berwyn! Live comfortably in one unit while the others subsidize your mortgage with their rental income. This meticulously-updated four-unit property is perfectly located next to the Lavergne Metra stop, ideal for commuters. Each unit has been thoughtfully updated with individual furnaces & coils, a huge oversized hot water tank, and new PVC/copper plumbing. The seller has also installed separate gas meters for each apartment. The property features a brand-new spacious garage with a high 10 ft ceiling and a large 16x8 overhead door, perfect for taller vehicles and contractor equipment. Also features recent tuckpointing in the building and a newly-installed 6 ft fence surrounds a charming private courtyard, providing a secluded outdoor space for tenant enjoyment. New rear porch with 150 sq ft decking for each unit. Two of the units boast modern renovations, including designer cabinets, quartz countertops, stainless steel appliances, new flooring, and a new bath, commanding rents up to $1,600/month. All units are on flexible month-to-month leases, offering potential for immediate rental adjustments. The one-bedroom unit offers potential to convert into a two-bedroom layout, enhancing its rental value. This property is a must-see. Don't miss out on this rare find in the vibrant Berwyn market!

MLS# 12086664Listed June 17, 2024Residential Income
Property Details

Beds & Baths

Total Bedrooms7
Total Bathrooms4
Total Rooms15

Size & Structure

Garage Spaces2
Year Built1916
Lot Size0.070 acres

Location

CountyCook
TownshipBerwyn
Zip Code60402

Financial

List Price$515,000
Annual Taxes (2022)$9,611
Monthly Tax Est.$801
Parcel #16312110130000
Interior Features

Heating

Natural Gas

Basement

UnfinishedFull
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

GarageOn SiteGarage OwnedDetached
Tax & Financial
Annual Taxes
$9,611
Tax Year 2022
Monthly Tax Est.
$801
per month
Property Location

3136 Ridgeland Avenue, Berwyn, IL 60402Cook County

$515,000
3136 Ridgeland Avenue
7 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
15 days on market
2-car garage
0.070 acres
$9,611/yr taxes
$3,507
estimated monthly payment
Principal & Interest
$2,707/mo
Property Tax
$801/mo
$515,000
20% — $103,000
3%50%
6.875%
3%12%
Loan Amount
$412,000
Down Payment
$103,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Century 21 S.G.R., Inc.
Agent: Luminita Ispas
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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