Amber Bruce
Description
Rare opportunity in sought-after Park Ridge, this solid 2-unit property is ideal for investors or owner-occupants looking for rental income with future flexibility to convert back to a single-family home. Both units are currently occupied and feature hardwood flooring throughout. The first-floor unit offers approximately 750 sq ft with 5 rooms plus a sunroom, including 2 bedrooms, 1 bath, kitchen, dining room and living room. The second-floor unit provides approximately 600 sq ft with 2 bedrooms, 1 bath, an eat-in kitchen, and living room. Each unit includes one garage space and driveway parking. The property also features a full basement with coin laundry and ample storage, a fenced backyard, boiler updated in 2021 and a newer hot water heater (2025) serving the lower unit. A strong income-producing property in a prime location with long-term upside. Close to everything - schools, parks and shopping!
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 4
Bathrooms: 2
County: Cook
Listed By:
Keller Williams ONEChicago
312-216-2422
MRED MLS
MLS ID: 12690382
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1216 N Northwest Highway, Park Ridge, IL 60068.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $490,000 | $490,000 | $490,000 |
| Down Payment | $98,000 | $17,150 | $122,500 |
| Monthly Mortgage Amount | $2,382 | $2,923 | $3,027 |
| Taxes | $682 | $682 | $682 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $216 | $0 |
| Monthly Estimated Total | $3,207 | $3,964 | $3,852 |
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