3838 RIDGELAND Avenue
Berwyn, IL, 60402
$520,000
7 Beds
3 Baths
0 SqFt
0 Acres
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MLS #MRD12653600 image #0
HIGHEST AND BEST DUE BY MONDAY 6/15 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.

Property Details

Price:
$520,000
MLS #:
MRD12653600
Status:
Active
Beds:
7
Baths:
3
Type:
Multi Family
Neighborhood:
berwyn
Listed Date:
May 20, 2026
Year Built:
1966
BerwynBerwyn

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Schools

School District:
100

Interior

Heating
Natural Gas, Forced Air

Exterior

Construction Materials
Brick
Garage Spaces
2
Parking Features
EV Ready, Yes, Garage Owned, Detached, Garage
Parking Spots
2
Parking Total
2
Roof
Asphalt

Financial

Tax Year
2024
Taxes
$9,622

Map

Community

Market Summary

Current real estate data for Multi Family in Berwyn as of Jun 15, 2026
23
Multi Family Listed
72
Avg DOM
$428,643
Avg List Price

Property Summary

    3838 RIDGELAND Avenue Berwyn IL is a Multi Family for sale in Berwyn, IL, 60402. It is listed for $520,000

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