2-Unit Duplex with
New
For Sale
$489,900
Pending
2105 Highland Avenue, Berwyn, IL 60402
Two separate residences have updated kitchens, individual utilities, and central air conditioning.
Property Size2,264 SF
Days on Market3
Property Features for 2105 Highland Avenue
General Information
Standard status
Pending
Size
2,264 SF
Property subtype
Two to Four Units
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Annual Taxes
$10,648
Amenities
updated kitchens
granite countertops
stainless-steel appliances
flood control system
basement storage
full bath
deck
garage
Partially Finished,Exterior Entry,Full,Walk-Out Access
Den,Enclosed Balcony,Screened Porch,Workshop
3
5
2
Lake Michigan
2.5
30X126
No
Garage Door Opener,Yes,Garage Owned,Detached,Garage
Building Details
Year Renovated
2021
Buildings
1
Listing Agency:
(708) 787-2808
Listed By:
Hiba Rashed
Source:
Kawashgroup
Added: Oct 29
Last Checked: Oct 29 at 2:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hiba Rashed
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit property was renovated in 2021. The first-floor residence has two bedrooms, while the second-floor unit has three. Both feature updated kitchens with white cabinetry, granite countertops, and stainless-steel appliances. Separate utilities serve the units, which have newer furnaces and central air conditioning. A flood-control system was installed in 2021.
The basement offers partially finished storage rooms, a full bathroom, and a high-efficiency furnace. Outside, the property has steel siding, a large deck, and a detached 2.5-car garage built in 2021. Shopping, restaurants, Metra service, I-290, and an EL station are nearby, with the EL within walking distance.
The basement offers partially finished storage rooms, a full bathroom, and a high-efficiency furnace. Outside, the property has steel siding, a large deck, and a detached 2.5-car garage built in 2021. Shopping, restaurants, Metra service, I-290, and an EL station are nearby, with the EL within walking distance.
Key Highlights
- 2,264 square feet of living area
- Two units: 2 bedrooms on the first floor and 3 on the second
- Updated kitchens with granite counters and stainless‑steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,377
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,540
$587.5K
Cap Rate 7%
$419,671
$419.7K
Cap Rate 9%
$326,411
$326.4K
Market Conditions
NOI Build-Up for 2,264 SF
Gross rent
$45.4K $20.04/SF
− Vacancy
−$3.4K −$1.50/SF
EGI
$42.0K $18.54/SF
− OpEx
−$12.6K −$5.56/SF
NOI
$29.4K $12.98/SF
Area
Cook County, IL
Vacancy
7.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,540
Cap Rate 7%
$419,671
Cap Rate 9%
$326,411
Alternative Uses
Best Use
Multifamily LT 5
$419.7K
$367.2K – $489.6K
NOI $29,377 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$375.2K
$328.3K – $437.7K
NOI $26,264 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$781.7K
$684.0K – $911.9K
NOI $54,716 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,277
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences have updated kitchens, individual utilities, and central air conditioning.
Where is this duplex located?
The property is located at 2105 Highland Avenue Berwyn, IL.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: 2,264 square feet of living area; Two units: 2 bedrooms on the first floor and 3 on the second; Updated kitchens with granite counters and stainless‑steel appliances
