Updated Two-Unit Brick
For Sale
Under Contract
$555,000
2531 Elmwood Avenue, Berwyn, IL 60402
Residential Income, Berwyn, IL
Property SizeContact for details
Days on Market15
Property Features for 2531 Elmwood Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
8
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bedroom 7, Bathroom 1, Bedroom 2, Basement, Bedroom 8, Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 5
Parking
2
Parking features
Garage
Patio and Porch features
Porch
Basement
Finished, Full
Elementary school
Hiawatha Elementary School
Middle school
Freedom Middle School
High school
J Sterling Morton West High Scho
Elementary school district
100
Middle school district
100
High school district
201
Directions
Ridgeland to 25th Street, West to Elmwood, South to property
Subdivision
Berwyn
Standard status
Active Under Contract
APN
16302310400000
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
11023
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Amenities
rear porch
finished basement
Building Details
Year built
1923
Building materials
Brick
Listing Agency:
North Clybourn Group, Inc.
(773) 252-0600
Listed By:
Wilfredo Aguilar Jr · License #475103536
(312) 719-1221
Added: Aug 22
Changed: Aug 31
Last Checked: Sep 5 at 4:06AM
MLS# 12740202
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick duplex, built in 1923, contains two residential units with a consistent three-bedroom, one-bath layout. Both units include formal living and dining rooms, while the interior living areas have been updated. Improvements include a replaced roof, rear porch, and finished basement. Natural-gas heating serves the property, with separate mechanical systems for each unit.
The property includes a two-car garage and public sewer service. Tenants are responsible for their own heat, hot water, electric, and gas expenses. The first-floor unit is occupied, and the second-floor lease runs through 11/30/2026. Zoned MULTI and located at 2531 Elmwood Avenue in Berwyn, Illinois.
The property includes a two-car garage and public sewer service. Tenants are responsible for their own heat, hot water, electric, and gas expenses. The first-floor unit is occupied, and the second-floor lease runs through 11/30/2026. Zoned MULTI and located at 2531 Elmwood Avenue in Berwyn, Illinois.
Key Highlights
- Two residential units, each with 3 bedrooms and 1 full bath
- Brick construction dating to 1923
- Finished basement, replaced roof, and rear porch
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,550
Businesses Nearby
Explore this area
Business Placement
Demographics for 60402, IL
64,706
Population
25,111
Households
2.6
Avg Household Size
37
Median Age
25%
College-Educated
85%
High-School Grad
5.7 sq mi
ZIP Area
11,352
Density / Sq Mi
$73,993
Median Household Income
$42,802
Median Earnings
$1,168
Median Rent
$277,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer three bedrooms, one full bath, separate mechanical systems, and access to a detached two-car garage.
Where is this duplex located?
The property is located at 2531 Elmwood Avenue Berwyn, IL.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: Two residential units, each with 3 bedrooms and 1 full bath; Brick construction dating to 1923; Finished basement, replaced roof, and rear porch
