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Multifamily Investment Property
For Sale
Under Contract
$325,000

1905 Gunderson Avenue, Berwyn, IL 60402

Residential Income, Berwyn, IL

Property SizeContact for details
Days on Market141

Property Features for 1905 Gunderson Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 2
Full bathrooms 2
Rooms Basement, Bedroom 3, Bedroom 6, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 1, Bathroom 2
Parking 2
Parking features Garage
Basement Full, Partially Finished
Elementary school district 98
Middle school district 98
High school district 201
Directions Ogden Ave to Gunderson Ave, north to property
Subdivision Berwyn
Standard status Active Under Contract
APN 16194220020000

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 9118

Utilities

Sewer type Public Sewer
Heating system Natural Gas

Building Details

Year built 1923
Building materials Brick
Listing Agency: HomeSmart Connect LLC · HomeSmart International
Listed By: Peter Theodossopoulos
Added: Apr 6 Changed: Aug 20 Last Checked: Aug 24 at 1:06PM
MLS# 12611571

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 for-sale multifamily investment property is located at 1905 Gunderson Avenue in Berwyn, Illinois 60402.

The offering is categorized as a residential income property / other multifamily property, providing a straightforward multifamily structure for buyers evaluating income-producing real estate. The listing is presented with a total asking price of $325,000.

Additional details regarding unit count, building size, interior condition, and specific layouts are not provided in the available information. Interested parties should request further documentation to review the property’s configuration and income potential.

Key Highlights

  • Brick construction with natural gas heating
  • Public sewer service
  • Garage parking

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Parking Lot & Garage Law Firm Big Box & Wholesale Store Acupuncture Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,431
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - For sale multifamily property located at 1905 Gunderson Avenue in Berwyn, Illinois.
Where is this multifamily property located?
The property is located at 1905 Gunderson Avenue Berwyn, IL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Brick construction with natural gas heating; Public sewer service; Garage parking
More about this property
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