Browse All Park Ridge IL Multi-Family Properties for Sale

4 Beds ⋅ 2 Baths ⋅ 12690382 MLS ⋅ CONTINGENT Status

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!

1216 N Northwest Highway, Park Ridge

$779,900

8 Beds ⋅ 6 Baths ⋅ 12671263 MLS ⋅ ACTIVE Status

Exceptional investment opportunity in the highly sought-after Park Ridge community and award-winning Maine South School District! This well-maintained all-brick 2-flat with a finished garden unit offers strong rental income and long-term value. Both spacious units feature 3 bedrooms, 1.5 bathrooms, eat-in kitchens, and beautiful hardwood floors throughout. Recently renovated bathrooms add modern appeal, while the finished garden unit provides additional living space and income potential. The property also includes an attached 2-car garage, additional driveway parking, a newer roof, and a new AC unit. All units are currently occupied by tenants, generating excellent income from day one. Conveniently located with quick access to I-294 and less than one mile from the Dee Road Metra station, this property offers easy commuting while being close to parks, shopping, dining, and everything Park Ridge has to offer. A rare opportunity for investors or owner-occupants seeking a turnkey multi-unit property in a prime location.

1465 N Northwest Highway, Park Ridge

$999,500

6 Beds ⋅ 4 Baths ⋅ 12633730 MLS ⋅ PENDING Status

Turnkey, armchair investment opportunity in highly sought-after Park Ridge! This beautifully updated and expansive two-flat offers exceptional space, style, and versatility, featuring two oversized units of approximately 1,800 sq ft each with three generous bedrooms and 1.5 baths. Thoughtfully renovated with today's modern finishes, both units showcase newer kitchens and baths, resurfaced hardwood floors, recessed lighting, fresh paint throughout, new door hardware and updated fixtures, along with custom-built closet organizers that maximize storage and functionality. Sun-drenched east facing interiors are enhanced by brand-new windows with custom shades, while individual newer HVAC systems and in-unit laundry in each residence provide comfort and convenience. The building has been meticulously maintained with updated 200-amp electrical service, and the possibilities continue with a large, full unfinished basement offering incredible potential for a duplex-down or additional living space with three separate entrances. An attached 2-car garage is topped with a stunning brand-new rooftop deck featuring composite flooring and sleek iron railings-perfect for relaxing or entertaining. Ideally located within walking distance to top-rated schools including Franklin Elementary, Emerson Middle School, and your choice of Maine South or Maine East High School. A rare find combining size, condition, and location-this impressive property truly stands out!

1108 Fortuna Avenue, Park Ridge

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