Renovated 14-Unit Apartment
For Sale
$1,900,000
2818 Ridgeland Avenue, Berwyn, IL 60402
Fourteen apartments offer varied bedroom configurations, updated interiors, parking, laundry, storage, and controlled entry.
Property SizeContact for details
Days on Market146
Property Features for 2818 Ridgeland Avenue
General Information
Standard status
Active
Total Parking Spaces
16
Property subtype
Multi Family 5+ / Corridor-Interior Entrance
Zoning
MULTI
Units
Unit Mix
9 x 2BR, 4 x 1BR, 1 x 3BR
Multifamily Units
14
Additional Details
Gross Income
$204,000
Public Transit
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$39,452
Amenities
coin laundry
storage
intercom system
Building Details
Year Built
1968
Stories
2
Listing Agency:
Compass
(312) 953-4998
Listed By:
Melanie Giglio · License #475149215
(312) 953-4998
Source:
Compass
Added: Apr 8
Changed: Aug 30
Last Checked: Aug 30 at 3:35PM
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 Compass
Investment Insights
Based on property information with market context.
This 14-unit apartment building includes nine two-bedroom apartments, four one-bedroom apartments, and one three-bedroom apartment. A complete gut rehabilitation approximately 12 years ago introduced a new roof, copper plumbing, electrical systems, sprinklers, fire alarm equipment, and rebuilt interiors. Many appliances have since been replaced. Apartment features include hardwood flooring, granite countertops, stainless steel appliances, porcelain bathrooms, and individual furnaces and water heaters.
The property provides 16 parking spaces, including covered spaces, along with coin-operated laundry, storage, and an intercom system. Its Berwyn location is near Metra service, expressways, shopping, and dining.
The property provides 16 parking spaces, including covered spaces, along with coin-operated laundry, storage, and an intercom system. Its Berwyn location is near Metra service, expressways, shopping, and dining.
Key Highlights
- 14‑unit building with 9 two‑bedroom, 4 one‑bedroom, and 1 three‑bedroom units
- Complete gut rehab approximately 12 years ago
- New roof, copper plumbing, electrical, sprinkler, and fire alarm systems
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,349
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fourteen apartments offer varied bedroom configurations, updated interiors, parking, laundry, storage, and controlled entry.
Where is this apartment building located?
The property is located at 2818 Ridgeland Avenue Berwyn, IL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 14‑unit building with 9 two‑bedroom, 4 one‑bedroom, and 1 three‑bedroom units; Complete gut rehab approximately 12 years ago; New roof, copper plumbing, electrical, sprinkler, and fire alarm systems
