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$899,000

Est. payment - /mo

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0.58 Acres Lot

Active

3401 Ridgeland AVE Berwyn, IL 60402

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12447354

Annual Tax Amount $10,908

Tax Year 2023

Lot Size 0.580 Acres

Lot Dimensions 206 X123

Property Sub-Type Land

Property Description

Prime development opportunity in Berwyn-3401 Ridgeland Avenue is a 25,388 SF site located just south of Ogden Avenue (Historic Route 66) in a highly accessible and amenity-rich area. The property offers outstanding visibility and connectivity, with curb cuts along Ridgeland and alley access on both the north and east sides, enhancing site functionality for parking and circulation. The parcel was previously approved for a 36-unit residential development, which included three 3-story buildings with 12 units each. While the original plans and permits have since expired, the framework presents a strong starting point for redevelopment. The prior design featured a balanced unit mix of eighteen 2 bed/2 bath and eighteen 2 bed/1 bath residences, all with in-unit laundry and generous layouts of approximately 1,000 SF per unit. Each building was planned to be approximately 11,525 SF, with 36 on-site parking spaces included. Developers can opt to resubmit the previously approved plans to the City of Berwyn or design a new vision tailored to current market demand. With its proximity to Ogden Avenue, public transportation, schools, medical facilities, and shopping, this site presents a rare infill opportunity in a growing suburban market with strong rental and ownership demand.

Location

State IL

County Cook

Area Berwyn

Zoning MULTI

Interior

Fireplace N

Exterior

Utilities Available Electricity Available, Natural Gas Available, Sewer Connected, Water Available

Building

Dwelling Type Land

Schools

School District 100 , 100, 100

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Angelo Labriola of Sperry Van Ness

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106