Two-Unit Residential Income
2718 Kenilworth Avenue Berwyn, IL 60402
2718 Kenilworth Avenue, Berwyn, IL, 60402
$335,000
Pending
For Sale
$335,000
Pending
Two-unit duplex includes two-bedroom first-floor space and one-bedroom second-floor unit, plus an enclosed back porch and two-car garage.
Property Size1,600 SF
Days on Market22
Property Features for 2718 Kenilworth Avenue
General Information
- Standard status
- Pending
- Size
- 1,600 SF
- Property subtype
- Two to Four Units / 2 Story Unit/S
Building Details
- Year Built
- 1923
Listing agency
RE/MAX Partners
(773) 504-3060
Listed by
Jose Godinez · License #475129911
(773) 504-3060
Source
Compass
Added: Jul 1 Updated: Jul 21 at 7:34AM Checked: Jul 21 at 7:34AM
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 RE/MAX Partners
Investment Insights
Based on property information with market context.
This two-unit residential income property features a two-bedroom, one-bath apartment on the first floor with a separate living-dining area, a good-size kitchen, and an enclosed back porch. The second-floor unit is a one-bedroom, one-bath residence with hardwood floors and a large kitchen-living-eating area.
The property sits on a large lot next to it that shares the same PIN, providing additional outdoor space. A two-car garage is included, and the home is being sold strictly in as-is condition.
The layout offers two separate living spaces within the duplex configuration, with interior differences between the first- and second-floor units.
The property sits on a large lot next to it that shares the same PIN, providing additional outdoor space. A two-car garage is included, and the home is being sold strictly in as-is condition.
The layout offers two separate living spaces within the duplex configuration, with interior differences between the first- and second-floor units.
Key Highlights
- 2‑unit duplex built in 1923 with a 2‑bedroom/1‑bath first‑floor apartment and a 1‑bedroom/1‑bath second‑floor unit
- First‑floor unit includes a separate living‑dining area, a good‑size kitchen, and an enclosed back porch
- Second‑floor unit features hardwood floors and a large kitchen‑living‑eating area
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.1k | $20.04 |
| − Vacancy | −$2.4k | −$1.50 |
| EGI | $29.7k | $18.54 |
| − OpEx | −$8.9k | −$5.56 |
| NOI | $20.8k | $12.98 |
1,600 SF · lease $20.04/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$296.6K
$259.5K – $346.0K
NOI $20,761 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$265.2K
$232.0K – $309.4K
NOI $18,561 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$552.4K
$483.4K – $644.5K
NOI $38,668 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit duplex includes two-bedroom first-floor space and one-bedroom second-floor unit, plus an enclosed back porch and two-car garage.
Where is this duplex located?
The property is located at 2718 Kenilworth Avenue Berwyn, IL.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 2‑unit duplex built in 1923 with a 2‑bedroom/1‑bath first‑floor apartment and a 1‑bedroom/1‑bath second‑floor unit; First‑floor unit includes a separate living‑dining area, a good‑size kitchen, and an enclosed back porch; Second‑floor unit features hardwood floors and a large kitchen‑living‑eating area
