$510,000
$515,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
3136 Ridgeland AVE Berwyn, IL 60402
7 Beds
3,049 Sqft Lot
Key Details
Sold Price $510,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12086664
Sold Date 08/22/24
Bedrooms 7
Year Built 1916
Annual Tax Amount $9,611
Tax Year 2022
Lot Size 3,049 Sqft
Lot Dimensions 25 X 124
Property Description
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!
Location
State IL
County Cook
Area Berwyn
Zoning MULTI
Rooms
Basement Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Detached
Garage Spaces 2.0
Building
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 98 , 98, 201
Others
Ownership Fee Simple
Special Listing Condition None
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Dhanwant Singh • Pak Home Realty
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