Park Ridge, IL Residential Income Properties for Sale

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Updated: Oct 22, 2025

Uptown Park Ridge Multi-Use Building

35 S Prospect Avenue, Park Ridge, IL 60068

$1,500,000

5,463 sqft · 0.11 AC lot

Prime location in the heart of Uptown Park Ridge, steps from dining, shopping, businesses, the Pickwick Theatre, and the Metra station.
Multi‑use building with three units totaling 5,463 square feet, offering diverse income or development potential.
Available 1,475 square foot second‑floor unit suitable for conversion to a luxury condo or commercial lease.
New tear‑off roof ensures structural integrity and reduces future maintenance costs.
Significant road frontage (25 feet) on Prospect Ave and a lot size of approximately 4,800 square feet.

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This listing looks promising.

Here's a quick look at some key insights for

35 S Prospect Avenue, Park Ridge, IL 60068

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Est. Cap Rate

6.2%
Above avg (5.9%)
Est. NOI

$92K
Annual
Mortgage

$999K
May 2026
Last Sold

May 2026
$1.18M
Property Type

Store, Retail Outlet
Built 1908

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Updated: Apr 30

Updated Two-Flat in Park Ridge

1108 Fortuna Avenue, Park Ridge, IL 60068

$999,500

3,600 sqft

Turnkey, updated two‑flat in highly sought‑after Park Ridge, offering an armchair investment opportunity.
Two oversized units (approx. 1,800 sq ft each) with 3 bedrooms and 1.5 baths, providing exceptional space and versatility.
Modern renovations including newer kitchens and baths, resurfaced hardwood floors, recessed lighting, fresh paint, and custom closet organizers.
Brand‑new rooftop deck above the 2‑car garage, featuring composite flooring and iron railings for outdoor relaxation and entertaining.
Individual newer HVAC systems and in‑unit laundry in each residence for comfort and convenience.

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Two-Unit Duplex Income Property

1216 N Northwest Highway, Park Ridge, IL 60068

$490,000

0.17 AC lot

Solid two-unit duplex with occupied units, hardwood floors, individual garage spaces, and a basement with coin laundry.

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Park Ridge Development Opportunity

819 Busse Highway, Park Ridge, IL 60068

$2,325,000

Land for development near Park Ridge Metra station.

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Park Ridge Top-Floor Condo

1333 W Touhy Avenue #303, Park Ridge, IL 60068

$179,800

Bright, 1-bed, 1-bath condo in prime Park Ridge location.

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Recently Renovated Eight-Unit Building

20 S Dee Road, Park Ridge, IL 60068

Contact for pricing

9,668 sqft

Fully leased, recently renovated multifamily building with eight units, basement storage, and detached garages.

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Move-In Ready Condo Near Train

1815 Oakton Street #2A, Park Ridge, IL 60068

$215,000

1,005 sqft

Two-bedroom condo with new appliances, close to Dee Road Train.

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Waterford Place Condo Near Uptown

460 S NORTHWEST Highway #409, Park Ridge, IL 60068

$275,000

Move-in ready condo in Park Ridge near transportation and restaurants.

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Park Ridge Multifamily Investment Opportunity

20 S Dee Rd, Park Ridge, IL 60068

Contact for pricing

9,668 sqft

Recently renovated, fully leased 8-unit building near Iroquois Woods.

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 9 Active listings in Park Ridge, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 63 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Legal 3-Flat Residential Income Property

8430 W Oak Avenue, Niles, IL 60714

$859,000

Legal 3-flat with two large 3-bedroom units and a separate garden unit, plus a 3-car garage.

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Six-Unit Apartment Building

8509 N Milwaukee Avenue, Niles, IL 60714

$875,000

Six one-bedroom flats with updates including a new roof, newer windows, tuckpointing, and copper plumbing.

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Edison Park Two-Flat Building

6500 N Northwest Highway, Chicago, IL 60631

$518,000

Two-unit brick building in prime location with updated features.

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Edison Park Mixed-Use Asset

7240 W Devon Ave, Chicago, IL

$4,000,000

22,474 sqft · 0.42 AC lot

Newer construction with commercial and residential components in Edison Park.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Residential Land in Morton Grove

7207 Church Street, Morton Grove, IL 60053

$359,000

Land for single-family home in a desirable location.

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Des Plaines Land For Sale

1596 Oxford Road, Des Plaines, IL 60018

$850,000

0.69 AC lot

Land available in Des Plaines, Illinois.

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Morton Grove Residential Lot

5804 Madison Street, Morton Grove, IL 60053

$379,000

0.14 AC lot

6200 sq ft lot with existing house.

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Buildable Lot in Morton Grove

5526 MAIN Street, Morton Grove, IL 60053

$329,900

Oversized vacant lot ready for immediate development in Morton Grove.

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Off-Market Properties in Park Ridge, IL

Consider similar Off-Market properties in Park Ridge, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (UNDER 5 UNITS)

641 Nnw Hwy, Park Ridge, IL 60068-2584

Value Estimation by Request

2,376 sqft · 0.19 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1216 Nnw Hwy, Park Ridge, IL 60068-1620

Value Estimation by Request

2,045 sqft · 0.15 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

455 Nnw Hwy, Park Ridge, IL 60068-3254

$720,000

Estimated value

4,258 sqft · 0.18 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

324 Nnw Hwy, Park Ridge, IL 60068-3321

Unit 1

$590,000

Estimated value

2,664 sqft · 0.16 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

123 Greenwood Ave, Park Ridge, IL 60068-3902

Unit 1

$590,000

Estimated value

3,160 sqft · 0.16 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1001 Dee Rd, Park Ridge, IL 60068-1888

Value Estimation by Request

2,277 sqft · 0.16 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

851 Nnw Hwy, Park Ridge, IL 60068-2465

$925,000

Estimated value

5,394 sqft · 0.27 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1465 Nnw Hwy, Park Ridge, IL 60068-1447

Unit 1

$620,000

Estimated value

2,946 sqft · 0.07 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

515 Talcott Rd, Park Ridge, IL 60068-5338

Value Estimation by Request

3,552 sqft · 0.09 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

712 Higgins Rd, Park Ridge, IL 60068-5716

$715,000

Estimated value

5,129 sqft · 0.18 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1075 Nnw Hwy, Park Ridge, IL 60068-1842

$505,000

Estimated value

2,351 sqft · 0.08 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1075 Nnw Hwy, Park Ridge, IL 60068-1842

$505,000

Estimated value

2,351 sqft · 0.08 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

740 Nnw Hwy, Park Ridge, IL 60068-2542

$675,000

Estimated value

3,442 sqft · 0.15 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2204 Oakton St, Park Ridge, IL 60068-1881

Unit G

$685,000

Estimated value

2,575 sqft · 0.11 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

863 Nnw Hwy, Park Ridge, IL 60068-2479

$580,000

Estimated value

2,448 sqft · 0.08 AC lot

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Park Ridge, IL Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in Park Ridge, IL, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 10,068 square feet of properties for sale, with an estimated market value of $2,714,500.

Sale prices for residential income properties in Park Ridge, IL start at $215,000, averaging $904,833, and reaching up to $1,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 39K

Population Growth (5Y) +4.0%

Median Household Income $138,201

College Educated 91.8%

High-Yield Neighborhoods for Investment

Identify Park Ridge submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
60068	$848K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cook County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Park Ridge fall within the 100,000+ square foot range.

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Park Ridge, IL Residential Income Properties for Sale

35 S Prospect Avenue, Park Ridge, IL 60068

1108 Fortuna Avenue, Park Ridge, IL 60068

1216 N Northwest Highway, Park Ridge, IL 60068

819 Busse Highway, Park Ridge, IL 60068

1333 W Touhy Avenue #303, Park Ridge, IL 60068

20 S Dee Road, Park Ridge, IL 60068

1815 Oakton Street #2A, Park Ridge, IL 60068

460 S NORTHWEST Highway #409, Park Ridge, IL 60068

20 S Dee Rd, Park Ridge, IL 60068

Opportunities in Nearby Cities

8430 W Oak Avenue, Niles, IL 60714

8509 N Milwaukee Avenue, Niles, IL 60714

6500 N Northwest Highway, Chicago, IL 60631

7240 W Devon Ave, Chicago, IL

Potential Development Sites for Consideration

7207 Church Street, Morton Grove, IL 60053

1596 Oxford Road, Des Plaines, IL 60018

5804 Madison Street, Morton Grove, IL 60053

5526 MAIN Street, Morton Grove, IL 60053

Off-Market Properties in Park Ridge, IL

641 Nnw Hwy, Park Ridge, IL 60068-2584

1216 Nnw Hwy, Park Ridge, IL 60068-1620

455 Nnw Hwy, Park Ridge, IL 60068-3254

324 Nnw Hwy, Park Ridge, IL 60068-3321

123 Greenwood Ave, Park Ridge, IL 60068-3902

1001 Dee Rd, Park Ridge, IL 60068-1888

851 Nnw Hwy, Park Ridge, IL 60068-2465

1465 Nnw Hwy, Park Ridge, IL 60068-1447

515 Talcott Rd, Park Ridge, IL 60068-5338

712 Higgins Rd, Park Ridge, IL 60068-5716

1075 Nnw Hwy, Park Ridge, IL 60068-1842

1075 Nnw Hwy, Park Ridge, IL 60068-1842

740 Nnw Hwy, Park Ridge, IL 60068-2542

2204 Oakton St, Park Ridge, IL 60068-1881

863 Nnw Hwy, Park Ridge, IL 60068-2479

Park Ridge, IL Residential Income Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Property Size Breakdown

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