2818 Ridgeland Ave

Berwyn, IL 60402

$1,900,000
Price
25
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Compass Coming Soon
Compass Coming Soon

Description

Rare opportunity to acquire a fully renovated 14-unit apartment building in a prime Berwyn location. The unit mix consists of 9 two-bedroom units, 4 one-bedroom units, and 1 three-bedroom unit. Approximately 12 years ago, the property underwent a complete gut rehab, including new roof, new copper plumbing, new electrical, sprinkler system, fire alarm system, and fully rebuilt units with condo-quality finishes. Many appliances have also been updated since the renovation. The building features 16 parking...Rare opportunity to acquire a fully renovated 14-unit apartment building in a prime Berwyn location. The unit mix consists of 9 two-bedroom units, 4 one-bedroom units, and 1 three-bedroom unit. Approximately 12 years ago, the property underwent a complete gut rehab, including new roof, new copper plumbing, new electrical, sprinkler system, fire alarm system, and fully rebuilt units with condo-quality finishes. Many appliances have also been updated since the renovation. The building features 16 parking spaces which some are covered parking, coin laundry, storage, and intercom system. Units offer hardwood floors, granite countertops, stainless steel appliances, porcelain baths, and individual furnaces/water heaters. The property currently generates approximately $16,000 per month in rental income plus an additional approximately $1,000 per month from coin-operated laundry. Rents are below market with strong upside potential, and most tenants are month-to-month, creating flexibility for new ownership to increase rents and secure longer-term leases. Conveniently located near Metra, expressways, shopping, dining, and more.

Listing Agent

  1. Melanie Giglio

    Melanie Giglio

    Listing Agent

    Compass

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Property Details for 2818 Ridgeland Avenue

Area
Berwyn
Township
Berwyn
Zoning
MULTI
LISTING UPDATED: 04/07/2026 11:32 AM

Property Details for 2818 Ridgeland Avenue

StatusActive ( Private )
MLS #12607779
Days on Market-
Taxes$39,452 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1968
Lot Size0.19 AC / 8,375 SF
CountyCook County
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Location

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Building Information for 2818 Ridgeland Avenue

Stories2Residences14Year Built1968Building Size-Lot Size0.19 AC / 8,375 SF

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$12,855 per month

30 year fixed, 6.46% Interest

Principal and Interest

$9,567

Property Taxes

$3,288

HOA Dues

$0

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Property Information for 2818 Ridgeland Avenue

General Information
Location and General Information
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Central Bldg Heat
  • Num of Baths: 10.0
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 67X125
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 1
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 14
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $15,529.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Janitor Expense: 0
  • Total Monthly Income: 0
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 9
Unit 2
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 4
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 2818 Ridgeland Avenue

DateEvent & SourcePriceAppreciation
Sep 28, 2012

Sold

MRED #08168909

$100,000—
Sep 26, 2012

Pending

MRED #08168909

—
Sep 26, 2012

Listed (Active)

MRED #08168909

$129,900—
Sep 25, 2012

Sold (Public Record)

Public Record #339865385

$100,000

-24.3% / yr

Aug 29, 2012

Expired

MRED #07995971

$159,900—
Jun 21, 2012

Listed (Active)

MRED #07995971

$159,900—
Jan 19, 2005

Sold (Public Record)

Public Record #152054637

$845,000—
DateEvent & SourcePrice
09/28/2012

Sold

MRED #08168909

$100,000
09/26/2012

Pending

MRED #08168909

—
09/26/2012

Listed (Active)

MRED #08168909

$129,900
09/25/2012

Sold (Public Record)

Public Record #339865385

$100,000

-24.3% / yr

08/29/2012

Expired

MRED #07995971

$159,900
06/21/2012

Listed (Active)

MRED #07995971

$159,900
01/19/2005

Sold (Public Record)

Public Record #152054637

$845,000

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

Public Records for 2818 Ridgeland Avenue

Taxable ValueLand$10,054Additions$96,109Total$106,163
Tax Record2023$37,952 ($3,163 / month)
Home Facts
Total Finished SqFt15,066 SqFtAbove Grade Finished SqFt15,066 SqFtStories3Lot Size8,208 SqFtStyleMulti-Family Res (5+ Units)Year Built1967CountyCOOKAPN16-30-413-078

Schools near 2818 Ridgeland Avenue

This home is within J S Morton Hsd 201 School District.
Rating
School
Type
Grades
Distance
Hiawatha Elementary School
Public - PK to 5
Freedom Middle School
Public - 6 to 8
J Sterling Morton West High School
Public - 9 to 12
J Sterling Morton Alternative School
Public - 9 to 12
Rating
School
Distance
Hiawatha 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.

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More information about 2818 Ridgeland Avenue, Berwyn, IL 60402

2818 Ridgeland Avenue is a multi-family home Coming Soon in Berwyn, IL 60402. This property is currently priced at $1,900,000. This listing's school districts are J S Morton Hsd 201 School District, Berwyn South School District 100. Nearby schools include Hiawatha Elementary School, Freedom Middle School and J Sterling Morton West High School. 2818 Ridgeland Avenue is a 25-bed, 10-bath, multi-family home built in 1968.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

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 04/07/2026 11:32 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.