About This Home

This 8-bedroom, 2-bathroom residential multi family at 2531 Elmwood Avenue in Berwyn, IL is listed for $569,000. Built in 1923, on a N/A lot.

Key Features

  • Built in 1923
  • 2 parking spaces

Property Details

2 full
2-car garage
1923
Listing Description

BACK ON THE MARKET-YOUR SECOND CHANCE STARTS HERE! With village inspections passed and Unit 2 ready for immediate owner occupancy, this beautifully updated two-flat delivers space, income, and opportunity. Move upstairs and enjoy an existing first-floor tenant paying $2,425 per month!

Each residence features a formal living room, separate dining room, three spacious bedrooms, one full bath, and in-unit laundry. Updated interiors, a newly replaced roof, and a newer rear porch make this a compelling move-in-ready opportunity. Separate mechanicals and tenant-paid heat, hot water, gas, and electricity simplify ownership.

Looking for additional upside? The already-finished basement offers potential to create an expansive first-floor duplex and pursue higher rental income, subject to municipal approval. A two-car garage rounds out the package. Live comfortably. Collect income. Build your next chapter. Schedule your private showing today!

Monthly Cost Estimate

$3,043/mo

20% down · 6.5% · 30 years

Principal$412
Interest$2,466
Insurance$166

Estimates only. Actual payments may vary.

Location

2531 Elmwood Avenue

Berwyn, IL 60402

Property Details

Construction

Brick

Outdoor Features

Porch

Parking

Garage

Heating

Natural Gas

Questions & Answers

This 8-bedroom, 2-bathroom residential multi family at 2531 Elmwood Avenue is listed at $569,000. The estimated monthly payment is $3,043 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1923, 2 parking spaces.

This property is listed by Wilfredo Aguilar Jr.

WJ

Wilfredo Aguilar Jr

Agent at North Clybourn Group, Inc.

Listed by North Clybourn Group, Inc. · Broker phone: (773) 252-0600 · View on Broker Site · Broker website

MLS# 12740202· Source: Midwest Real Estate Data, LLC· 69 days on PropertySimple

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.

2531 Elmwood Avenue, Berwyn, IL 60402

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