NOT LISTED FOR SALE

3136 Ridgeland Ave Berwyn, IL 60402

7 Beds
4 Baths
-- Sq Ft
3,049 Sq Ft Lot Lot

Sale Details

Date Sold: August 22, 2024

Last sale price $510,000

13 Days on Market

Highlights

  • 2 Car Detached Garage
  • Garage ceiling height seven feet or more
  • 1-minute walk to Lavergne Station

About This Home

As of August 2024

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!

Last Agent to Sell the Property

Luminita Ispas

Century 21 S.G.R., Inc. License #475113981 Listed on: 06/17/2024

Century 21 S.G.R., Inc.

Co-Listed By

Valentin Tudor

Century 21 S.G.R., Inc. License #475190207

Last Buyer's Agent

Dhanwant Singh

Pak Home Realty License #475174965

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,611

Year Built

  • Built in 1916

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 25 x 124

Parking

  • 2 Car Detached Garage
  • Garage ceiling height seven feet or more
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $200
  • Insurance Expense $1,200
  • Trash Expense $4,868

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,611

Year Built

Built in 1916

Lot Details

3,049 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1916
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: 7 Foot or more high garage door
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Fee Information

  • Trash Expense: 4868
  • Other Expenses $: 350

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 25 X 124
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Multi Family

  • Insurance Expense: 1200
  • ElectricExpense: 200
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 9611.02
  • Tax Year: 2022
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2024 08/22/24 Sold $510,000 -1.0% --
07/01/2024 07/01/24 Pending -- -- --
06/17/2024 06/17/24 For Sale $515,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,652 $27,848 $3,828 $24,020
2024 $9,652 $27,848 $3,828 $24,020
2023 $9,611 $27,848 $3,828 $24,020
2022 $9,611 $22,000 $3,359 $18,641
2021 $9,324 $21,151 $3,359 $17,792
2020 $8,812 $21,151 $3,359 $17,792
2019 $9,761 $21,658 $3,046 $18,612
2018 $11,161 $26,309 $3,046 $23,263
2017 $11,423 $26,309 $3,046 $23,263
2016 $7,467 $17,218 $2,500 $14,718
2015 $7,320 $17,218 $2,500 $14,718
2014 $7,059 $17,218 $2,500 $14,718
2013 $6,656 $18,258 $2,500 $15,758
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12086664

Midwest Real Estate Data (MRED)
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