Sold
Last Sold Price
5 beds
2723 Ridgeland Ave, Berwyn, IL 60402
Multi FamilyProperty Type
3,049 sq ftLot Size
1923Year Built
2 carsParking Spaces

Description

3 newly renovated units along with 1 commercial storefront. Fire alarm system recently installed to meet Berwyn's compliances. Income generating building with the opportunity of moving into one unit and start your own business while still paying off the mortgage with tenant rental income.3 newly renovated units along with 1 commercial storefront. Fire alarm system recently installed to meet Berwyn's compliances. Income generating building with the opportunity of moving into one unit and start your own business while still paying off the mortgage with tenant rental income.

    Sold By Realty of Chicago LLC

    • Listed by: Robert Picciariello 773.472.8900 robert@prellorealty.com • Prello Realty, Inc.
    Listing closed: 03/02/2022 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 11166003

    Recent comparable sales

    Median sold price

    $485,000

    Avg days on market

    31

    Sale-to-list ratio

    97.0%

    Berwyn, IL

    9 comparable properties found

    a front view of a house with a yard and garage
    1/31
    1

    $560,000

    Sold 06/25/26

    5
    Bedrooms
    Unavailable
    Square Feet
    0.09
    Acres
    front view of house with a yard
    2

    $520,000

    Sold 05/06/25

    5
    Bedrooms
    2,050
    Square Feet
    0.10
    Acres
    $499,900 | 1816 Clinton Avenue, Berwyn, IL 60402
    1/39
    3

    $499,900

    Sold 02/10/26

    5
    Bedrooms
    3,821
    Square Feet
    0.11
    Acres
    a front view of a house
    1/34
    4

    $435,000

    Sold 04/10/25

    5
    Bedrooms
    2,000
    Square Feet
    0.09
    Acres
    a view of a big house with a big yard plants and large tree
    1/32
    5

    $467,500

    Sold 02/06/25

    5
    Bedrooms
    Unavailable
    Square Feet
    0.09
    Acres
    $410,000 | 2527 Ridgeland Avenue, Berwyn, IL 60402
    1/24
    6

    $410,000

    Sold 04/18/25

    5
    Bedrooms
    2,121
    Square Feet
    0.09
    Acres
    a front view of a house with a yard
    1/42
    7

    $485,000

    Sold 02/06/26

    5
    Bedrooms
    2,925
    Square Feet
    0.10
    Acres
    a front view of a house with a yard
    1/53
    8

    $455,000

    Sold 05/05/26

    5
    Bedrooms
    3,200
    Square Feet
    0.09
    Acres
    a front view of a house with garden
    1/22
    9

    $497,500

    Sold 10/03/24

    5
    Bedrooms
    Unavailable
    Square Feet
    0.1
    Acres

    Location

    Add your commute

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    $3,072 per month

    30 year fixed, 6.71% Interest

    Principal and Interest

    $2,351

    Property Taxes

    $721

    HOA Dues

    $0

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    Property Information for 2723 Ridgeland Avenue

    Property Details
    • Taxes: $8,653 / year
    • MLS Type: Two to Four Units / 4 Flat
    • County: Cook County
    • Area: Berwyn
    • Township: Berwyn
    • Ownership: Fee Simple
    • Num Of Garage Spaces: 2.0
    • Num Of Cars: 2.0
    • Heat/Fuel: Natural Gas, Forced Air
    • Zoning: MULTI
    Building Information
    • Residences: 4
    • Year Built: 1923
    • Lot Size: 0.07 AC / 3,049 SF
    General Information
    School Information
    • Elementary School District: 100
    • Elementary School: Emerson Elementary School
    • Jr High Middle School: Hiawatha Elementary School
    • High School District: 201
    • High School: J Sterling Morton West High Scho
    • Middle Or Junior School District: 100
    Addtl Parking Information
    • Garage On Site: true
    • Garage Ownership: Owned
    • Garage Type: Detached
    • Parking: Garage
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • Num Of Rooms: 10
    • Bedrooms Total: 5
    • Bedrooms (Below Grade): 0
    • Community Features: Park, Pool, Sidewalks, Street Lights, Street Paved
    • Basement Type: Full
    • Bedrooms Possible: 5
    • Basement Description: Unfinished
    • # Full Baths in Building: 3
    • # Half Baths in Building: 1
    • Num of Baths: 3.1
    Utilities / Equipment
    • Sewer: Sewer-Public, Sewer-Storm
    • Water: Lake Michigan
    • Other Equipment: Security System, CO Detectors, Ceiling Fan(s), Sump Pump
    Property/Lot Information
    • New Construction YN: No
    • Rebuilt: No
    • Rehabilitated: Yes
    • Rehab Year: 2021
    • Built Before 1978: Yes
    • Age: 91-100 Years
    • Lot Size: Less Than .25 Acre
    • Lot Dimensions: 27X126.19
    • Total # Units in Building: 4.0
    • Waterfront: No
    • Exterior Building Type: Brick
    • Roof Type: Rubber
    • Foundation Details: Concrete Perimeter
    • General Information: Commuter Bus,Commuter Train
    • North Coordinate: 0
    • South Coordinate: 2600
    • East Coordinate: 0
    • West Coordinate: 0
    • 3 Br Un In Bldg: No
    Property and Assessments
    • Buyer Financing: Conventional
    • Public Document Count: 1
    • Document Date: 2021-07-23T14:16:30
    • Photos Count: 25
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Income & Expenses
    • Gross Income: $63,840.00
    • Insurance Expense: $1,000.00
    • Maintenance Expense: $500.00
    • Net Operating Income: $60,140.00
    • Water Sewer Expense: $1,200.00
    Unit 1
    • Unit Type Actual Rent: $1,000.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 1
    Unit 2
    • Unit Type Actual Rent: $950.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 2
    Unit 3
    • Unit Type Actual Rent: $1,100.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 3
    Unit 4
    • Unit Type Actual Rent: $950.00
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 4

    Property History for 2723 Ridgeland Avenue

    DateEvent & SourcePriceAppreciation
    Mar 2, 2022

    Sold

    MRED #11166003

    $455,000
    Sep 29, 2021

    Contingent

    MRED #11166003

    Sep 29, 2021

    Pending

    MRED #11166003

    DateEvent & SourcePrice
    03/02/2022

    Sold

    MRED #11166003

    $455,000
    09/29/2021

    Contingent

    MRED #11166003

    09/29/2021

    Pending

    MRED #11166003

    For completeness, we often displays two records for one sale: the MLS record and the public record.

    Schools near 2723 Ridgeland Avenue

    This home is within J S Morton Hsd 201 School District.
    Rating
    School
    Type
    Grades
    Distance
    Public - PK to 5
    Public - 6 to 8
    Public - 9 to 12
    Public - 9 to 12
    Rating
    School
    Distance
    Komensky Elementary School
    PublicPK to 5

    Freedom Middle School
    Public6 to 8

    J Sterling Morton West High School
    Public9 to 12

    J Sterling Morton Alternative School
    Public9 to 12

    School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

    Neighborhood Map and Transit

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    Nearby home values

    No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

    Listing Courtesy of Prello Realty, Inc.

    Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 03/03/2022 10:18 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.