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2531 Elmwood Avenue Berwyn, IL $ 555,000
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2531 Elmwood Avenue
$ 555,000
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2531 Elmwood Avenue

Berwyn, IL, 60402
$ 555,000
Bedrooms8 Baths2.0

Monthly Estimate*

$ 3,504

2531 Elmwood Avenue, Berwyn, IL 60402 - Image 1
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2531 Elmwood Avenue, Berwyn, IL 60402 - Image 8
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Multi-Family Home for sale in Berwyn, IL

for $555,000 with 8 bedrooms and 2 full baths. This home was built in 1923.

Beautiful Multi Unit ready for the next steward! Imagine for yourself a two flat that you can move into with nothing to do. The roof was just replaced, the rear porch , the basement has been finished, and the living spaces are already updated. In fact we have a tenant already in place on the first floor for $2425 per month. Each unit offers a formal living room, dining room, 3 spacious bedrooms and one full bath. The mechanicals are also separated out and so each tenant pays for heat, hot water, electric and gas. There is an opportunity for even more rent should you decide to duplex the already finished basement into the first floor for twice the square footage! There is a two car garage and so much more, and so set up your viewing today. The second floor tenant has a lease expiring 11/30/2026

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Multi-Family Active

Price

$ 555,000

Bedrooms

8

Full Bath

2

Property Type

Multi-Family

Taxes

$ 11,023

Style

Year Built

1923

Town/City

Berwyn

County/Region

Cook

MLS | Web ID

12740202
Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing
Zoning MULTI
Garage Spaces 2
Architectural Style Other
Construction Materials Brick
Year Built 1923
Township Berwyn
Tax Year 2023
Ownership Fee Simple
Gross Income 0
Community Features Park Sidewalks Street Lights Street Paved
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 18
Status New
Directions Ridgeland to 25th Street West to Elmwood South to property
High School J Sterling Morton West High Scho
City Berwyn
High School District 201
MLS Area Berwyn
Elementary School Hiawatha Elementary School
Tax Annual Amount 11023
Middle/Junior High School Freedom Middle School
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 100
Elementary School District 100
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Interior
Basement Finished Full
Total Bedrooms 8
Total Baths 2
Bedrooms Possible 8
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
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Exterior
Parking Features Yes Garage Owned Detached Garage
Water Source Lake Michigan
Total Parking 2
Lot Dimensions 30X125
Waterfront Y/N N
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* Excluded Features
List By
North Clybourn Group, Inc.

Broker

wilfredo@ncgchicago.com;waguilarproperties@gmail.com

Email

Affordability Calculator

$4,423
Per Month
79%
21%
0%
Monthly Principal & Interest
$3,504
Monthly Property Taxes
$919
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4750619 Elementary School
5238160 Middle School
J Sterling Morton West High Scho High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/22/2026$555,000 Listed Price

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2531 Elmwood Avenue, Berwyn, IL, 60402 is a Multi-Family Home for sale at $555,000. 2531 Elmwood Avenue has 8 bedrooms, 2.0 baths, and was built in 1923. The property's zip code is 60402 which is in Berwyn, IL

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