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$535,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 6 Total Beds
  • 2 Car Garage
  • Updated 12 hours ago
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Two spacious and well-maintained units, each featuring 3 bedrooms and 1 bathroom, a large living room, and a formal dining room. Both units include a pantry and a bright sunroom. The property has been fully updated, with both units offering new kitchen cabinets, quartz countertops, updated bathrooms, and fresh paint throughout. One unit is currently occupied and rented, providing immediate rental income. Additional features include a 2-car garage, offering ample parking and storage. A great opportunity for investors or owner-occupants looking for a move-in-ready property with rental income potential.

Full Property Details for 1940 Ridgeland Ave

General

  • Price: $535,000
  • Taxes: $3,373 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12596176
  • Updated: 3/21/2026
  • Added to Site: 3 day(s) ago

Interior

  • Basement: Finished, P

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Upper - Full Baths: 2

Bedrooms

  • Total Bedrooms: 6

Additional Information

  • Equipment: Cable TV, Carbon Monoxide Detectors, Ceiling Fan(s), Water Heater-Gas
  • Other Features: Commuter Bus

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Garage

Location

  • Area: Berwyn
  • County: Cook
  • Township: Berwyn
  • Driving Directions: Roosevelt Rd (IL-38) to Ridgeland Ave, south to property

School Information

  • School District: 98
  • Elem School District: 98
  • Midd School District: 98
  • High School District: 201
  • Elementary School: Karel Havlicek Elementary School
  • Middle School: Lincoln Middle School
  • High School: J Sterling Morton West High Scho
  • Private School: J Sterling Morton West High Scho

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Finished, Partially Finished, Full
  • Foundation: Concrete Perimeter
  • Year Built: 1922
  • Built Before 1978: Yes
  • Remodeled/Updated: 2026

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 35 x 133

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1922
  • Tax Amount: $3,373
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 16194230270000

Listed by Kale Realty

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— 1940 Ridgeland Ave —

  • Kale Realty

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

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with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1940 Ridgeland Ave

School Districts:Berwyn North School District 98, J. Sterling Morton High School District 201
NameGradesDistance
Karel Havlicek Elementary School
6401 15th Street, Berwyn, IL 60402
K-50.5 mi
Lincoln Middle School, Berwyn, IL
6432 16th Street, Berwyn, IL 60402
6-80.3 mi
J Sterling Morton West High School
2400 Home Avenue, Berwyn, IL 60402
9-120.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1940 Ridgeland Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/20/2026
Listed
$535,000
357.26%
MLS
5/01/2001
Sold
$117,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1940 Ridgeland Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,373
-19%
$32,000
14%
2022
$4,161
1%
$28,156
—
2021
$4,113
10%
$28,156
—
2020
$3,731
-18%
$28,156
41%
2019
$4,576
-12%
$20,020
—
2018
$5,210
24%
$20,020
—
2017
$4,193
-23%
$20,020
17%
2016
$5,447
-9%
$17,159
-9%
2015
$5,966
-9%
$18,870
—
2014
$6,577
-5%
$18,870
-14%
2013
$6,942
6%
$21,984
—
2012
$6,572
—
$21,984
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1940 Ridgeland Avenue, Berwyn, IL 60402 (MLS# 12596176) is a Multi-Family property with 2 units containing 6 bedrooms and 0 full bathrooms. 1940 Ridgeland Avenue is currently listed for $535,000 and was received on March 20, 2026. Want to learn more about 1940 Ridgeland Avenue? Do you have questions about finding other Multi-Family real estate for sale in Berwyn? You can browse all Berwyn real estate or contact a Coldwell Banker agent to request more information.

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