Updated Two-Unit
New
For Sale
$555,000
2531 Elmwood Avenue, Berwyn, IL 60402
Residential Income, Berwyn, IL
Property SizeContact for details
Days on Market3
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
Bedroom 4, Bedroom 7, Bedroom 5, Basement, Bathroom 2, Bedroom 6, Bedroom 2, Bedroom 1, Bedroom 8, Bathroom 1, Bedroom 3
Parking
2
Parking features
Garage
Patio and Porch features
Porch
Basement
Full, Finished
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
APN
16302310400000
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
11023
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Building Details
Year built
1923
Building materials
Brick
Listing Agency:
North Clybourn Group, Inc.
(773) 252-0600
Listed By:
Wilfredo Aguilar Jr · License #475103536
(773) 252-0600
Added: Aug 22
Changed: Aug 24
Last Checked: Aug 24 at 3:06PM
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 matching layouts. Each apartment includes a formal living room, dining room, three bedrooms, and one full bathroom. The interior living areas have been updated, while the property also offers a recently replaced roof, rear porch, finished basement, and two-car garage.
Separate mechanical systems serve the units, with tenants responsible for heat, hot water, electric, and gas. The first-floor unit is occupied, and the second-floor lease expires 11/30/2026. The finished basement may provide an option for connection to the first-floor unit, subject to applicable requirements. The property is zoned MULTI and connected to public sewer.
Separate mechanical systems serve the units, with tenants responsible for heat, hot water, electric, and gas. The first-floor unit is occupied, and the second-floor lease expires 11/30/2026. The finished basement may provide an option for connection to the first-floor unit, subject to applicable requirements. The property is zoned MULTI and connected to public sewer.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 1 full bathroom per unit
- Recently replaced roof, updated living areas, rear porch, and finished basement
- Separate mechanical systems with tenant‑paid heat, hot water, electric, and gas
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
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 - Brick multifamily property with separate utilities, a finished basement, rear porch, and 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‑unit duplex with 3 bedrooms and 1 full bathroom per unit; Recently replaced roof, updated living areas, rear porch, and finished basement; Separate mechanical systems with tenant‑paid heat, hot water, electric, and gas
