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About the Listing 88273 - 888138,1019428,1014065
MULTIPLE OFFER RECEIVED Highest and best due by Tuesday 5/26 at noon. income producing 2-flat in prime South Berwyn location with consistent rental demand and long-term upside. This well maintained, turn key asset has been strategically improved to reduce future maintenance costs and enhance durability, making it an ideal addition to any investor portfolio. Recent capital improvements include garage epoxy flooring, new front and side concrete, and electrical upgrades completed in 2022. In 2023, a new sump pump was installed to improve system reliability. In 2024, additional value add enhancements were completed including new rear concrete for low-maintenance operations, installation of an EV charging station, a reinforced privacy fence with steel posts for long-term durability, and fully paid off solar panels with no lease attached to improve energy efficiency and reduce operating expenses. Property features include separate utilities for each unit, roof approximately 6 years old, second-floor furnace (5years old), and updated windows (2012). Each unit offers 3 bedrooms, 1 bath, spacious living areas, and large bedrooms with generous closet space. Finished basement provides additional owner-use flexibility and includes a bathroom. Two car brick garage completes this solid, cash flowing asset in a strong rental corridor.
Interior Details
- Bedrooms: 7
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished,Full
- Other:
- Water: Lake Michigan
Exterior Details
- Garage Capacity: 2 car
- Parking Spaces: 2
- Lot Dimensions: 30 X 125
- Zoning: MULTI
- Roof: Asphalt
- Others:
- Sewer: Public Sewer
- Parking Features: EV Ready,Yes,Garage Owned,Detached,Garage
Financial Details
- Tax Amount: $9,622
- Taxes w/Assessments: N/A
- Tax/Property ID: 16314241240000
- Tax Year: 2024
Payment Calculator
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3838 Ridgeland Ave Berwyn, IL 60402
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