Brick Duplex with
For Sale
$669,000
Pending
2516 Kenilworth Avenue, Berwyn, IL 60402
Updated kitchens, bathrooms, windows, electrical, and plumbing serve a two-unit layout.
Property Size3,800 SF
Days on Market9
Property Features for 2516 Kenilworth Avenue
General Information
Standard status
Pending
Size
3,800 SF
Property subtype
Two to Four Units
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$10,405
Amenities
flood control system
entertainment area
laundry area
Unfinished,Full,Walk-Out Access
3
6
2
Lake Michigan
30 x 125
No
Yes,Garage Owned,Detached,Garage
Building Details
Year Built
1924
Buildings
1
Construction
brick bungalow
Listing Agency:
Coldwell Banker Realty
(708) 787-2808
Listed By:
Jake Schory
Source:
Kawashgroup
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:03PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This brick bungalow is configured as a two-flat with a first-floor residence that extends into the basement. That unit has four bedrooms and two bathrooms, along with an open kitchen, an entertainment area, and laundry space. The other unit includes two bedrooms, an open-concept kitchen, and a bathroom with Jack-and-Jill access from the primary bedroom; the primary bedroom also has a walk-in closet.
Renovation work included electrical and plumbing systems, windows, drywall, flooring, kitchens, bathrooms, and light fixtures. A flood control system is present. The property measures 3,800 square feet and includes a detached garage. Located in Berwyn, Illinois, the building dates to 1924.
Renovation work included electrical and plumbing systems, windows, drywall, flooring, kitchens, bathrooms, and light fixtures. A flood control system is present. The property measures 3,800 square feet and includes a detached garage. Located in Berwyn, Illinois, the building dates to 1924.
Key Highlights
- Brick bungalow configured as a two‑flat
- 3,800 square feet; built in 1924
- First‑floor unit extends into the basement and has 4 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,308
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$986,160
$986.2K
Cap Rate 7%
$704,400
$704.4K
Cap Rate 9%
$547,867
$547.9K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$76.2K $20.04/SF
− Vacancy
−$5.7K −$1.50/SF
EGI
$70.4K $18.54/SF
− OpEx
−$21.1K −$5.56/SF
NOI
$49.3K $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%
$986,160
Cap Rate 7%
$704,400
Cap Rate 9%
$547,867
Alternative Uses
Best Use
Multifamily LT 5
$704.4K
$616.4K – $821.8K
NOI $49,308 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$629.8K
$551.0K – $734.7K
NOI $44,083 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,838 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,581
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Updated kitchens, bathrooms, windows, electrical, and plumbing serve a two-unit layout.
Where is this duplex located?
The property is located at 2516 Kenilworth Avenue Berwyn, IL.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: Brick bungalow configured as a two‑flat; 3,800 square feet; built in 1924; First‑floor unit extends into the basement and has 4 bedrooms and 2 bathrooms
