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3401 Ridgeland Ave, Berwyn, IL, 60402

--beds
--baths
--sqft
$860,000
--price/sqft
$6,133/moest. monthly cost
$245,320/yrincome needed

About This Home

Great parcel of land with multi family zoning, you can build 3 twelve units buildings total of 36 unit, or seven 3 units buildings easier to finance. Lowest price for land per unit in Berwyn. The lots are conveniently located close to the LaVergne Metra Station, restaurants, shopping, local parks, and schools. Easy access to the Loop and suburbs via I-55. Multiple Parcels, tax amount includes: 16321300090000-NEW 16321300100000-NEW 16321300110000-NEW 16321300120000-NEW 16321300130000-NEW 16321300140000-NEW 16321300150000-NEW

Getting Around

82
WalkingVery Walkable
43
TransitSome Transit
51
BikeBikeable

Schools

6/10
5/10
Freedom Middle SchoolGrades 6-80.5 mi

Construction

Type & Style

  • Home type: Condo
  • Property subType: Unimproved Land

Property

Details

  • Parcel number: 16321300090000
  • Zoning: MULTI
  • Special condition: None

Features

  • Frontage length: 206

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Tornado
    TornadoVery High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Tornado
Heat Wave
Inland Flooding
Winter Weather
Tsunami

FEMA Declared Disasters Across Illinois Counties

Flood
Other
Severe Storm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,348$52,176
Home Insurance *$416$4,992
Property Taxes $1,239$14,868
Electricity $130$1,569
Total$6,133$73,596
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$210,274/yr
40% on housing$183,990/yr
45% on housing$163,546/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.1%
15.1%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -0.8%
-0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 60402$194
Cook County$225

vs Homes Sold Last Month

Median $/sqft

ZIP 60402$226
Cook County$219

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-23Listing removed$899,000
2025-08-15Listed for sale$899,000
2025-06-01Listing removed$890,000
2025-01-17Listed for sale$890,000
2024-12-04Listing removed$1,150,000
2024-08-19Listed for sale$890,000
2024-07-29Listing removed--
2024-04-22Listed for sale$1,100,000
2023-08-23Listing removed--
2023-01-14Listed for sale$1,129,000
2021-12-13Listing removed--
2021-03-26Listed for sale$1,250,000

For Sale by Agent

AgentJoanna Olszynska
BrokerageCompass

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