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Brick Triplex with Detached Garage
For Sale
$494,500

1916 Ridgeland Ave, Berwyn, IL 60402

Three residential units include hardwood floors, porches, basement storage, and a fenced yard.

Property SizeContact for details
Days on Market8

Property Features for 1916 Ridgeland Ave

General Information

Standard status Active
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 3

Amenities

hardwood floors
fenced yard
laundry area
storage lockers
back porches

Building Details

Year Built 1922
Construction brick
Tenancy Multi
Listing Agency: Real People Realty
Listed By: Northwest Suburban Real Estate · License #475182031
Source: Nwsrealestate
Added: Aug 23 Changed: Aug 29 Last Checked: Aug 26 at 12:49PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real People Realty

Investment Insights

Based on property information with market context.

This brick triplex, built in 1922, contains three residential units with distinct layouts. The first- and second-floor apartments each include a living room, formal dining room, two bedrooms, one bathroom, and a back porch. The garden apartment adds a living room, kitchen, one bedroom, and one bathroom. Hardwood flooring and closet storage are featured across the units.

Basement amenities include a laundry area, utility area, and storage lockers. The property also has a fenced yard and a detached garage with capacity for two + cars. All three units are occupied by long-term tenants on month-to-month arrangements. The building is located in Berwyn, just north of Cermak Road.

Key Highlights

  • Three‑unit brick building constructed in 1922
  • First- and second‑floor units each have 2 bedrooms, 1 bathroom, dining room, and back porch
  • Garden apartment includes 1 bedroom, 1 bathroom, living room, and kitchen

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Law Firm Big Box & Wholesale Store Acupuncture Storage Facility Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,418
Businesses Nearby

Demographics for 60402, IL

64,706
Population
25,111
Households
2.6
Avg Household Size
37
Median Age
25%
College-Educated
85%
High-School Grad
5.7 sq mi
ZIP Area
11,352
Density / Sq Mi
$73,993
Median Household Income
$42,802
Median Earnings
$1,168
Median Rent
$277,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three residential units include hardwood floors, porches, basement storage, and a fenced yard.
Where is this triplex located?
The property is located at 1916 Ridgeland Ave Berwyn, IL.
What is the asking price?
The asking price for this property is $494,500.
What are key features of this property?
This property features: Three‑unit brick building constructed in 1922; First- and second‑floor units each have 2 bedrooms, 1 bathroom, dining room, and back porch; Garden apartment includes 1 bedroom, 1 bathroom, living room, and kitchen
More about this property
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