# 2531 Elmwood Avenue, Berwyn, IL 60402

> **TL;DR:** 8bd/2ba residential multi family, $569,000, built 1923.
> 2-car garage. Est. $3,043/mo. Listed 72 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $569,000 |
| Bedrooms | 8 |
| Bathrooms | 2 full |
| Year Built | 1923 |
| Garage | 2-car |
| Property Type | Residential Multi Family (Other) |
| Status | Pending |
| Days on Market | 72 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $2,877 |
| Estimated Insurance | $166 |
| **Total** | **$3,043** |

## Nearby Schools

- **Elementary:** Hiawatha Elementary School
- **Middle:** Freedom Middle School
- **High:** J Sterling Morton West High Scho

## Key Amenities

- 2-car garage

## Property Highlights

- Built in 1923
- 2 parking spaces

## Description

### Agent 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!

## Location

- **Address:** 2531 Elmwood Avenue, Berwyn, IL 60402
- **County:** Cook
- **Coordinates:** 41.844063, -87.784237
- **Google Maps:** https://www.google.com/maps?q=41.844063,-87.784237

## Listing Agent

- **Name:** Wilfredo Aguilar Jr
- **Brokerage:** North Clybourn Group, Inc.
- **Broker Phone:** (773) 252-0600
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/2531-Elmwood-Ave_Berwyn_IL_60402_M80960-93115?f=listhub&s=MREDIL&m=12740202&c=propsimple)

## Photos

![2531 Elmwood Avenue - Photo 1](http://lh.rdcpix.com/c7df8150541dc5d6de35b5253aa3370dl-f1751216118r.jpg)

![2531 Elmwood Avenue - Photo 2](http://lh.rdcpix.com/c7df8150541dc5d6de35b5253aa3370dl-f259393807r.jpg)

![2531 Elmwood Avenue - Photo 3](http://lh.rdcpix.com/c7df8150541dc5d6de35b5253aa3370dl-f2844998680r.jpg)

![2531 Elmwood Avenue - Photo 4](http://lh.rdcpix.com/c7df8150541dc5d6de35b5253aa3370dl-f3127761056r.jpg)

![2531 Elmwood Avenue - Photo 5](http://lh.rdcpix.com/c7df8150541dc5d6de35b5253aa3370dl-f4288029009r.jpg)

![2531 Elmwood Avenue - Photo 6](http://lh.rdcpix.com/c7df8150541dc5d6de35b5253aa3370dl-f532853510r.jpg)

![2531 Elmwood Avenue - Photo 7](http://lh.rdcpix.com/c7df8150541dc5d6de35b5253aa3370dl-f2217486149r.jpg)

![2531 Elmwood Avenue - Photo 8](http://lh.rdcpix.com/c7df8150541dc5d6de35b5253aa3370dl-f3439616092r.jpg)

![2531 Elmwood Avenue - Photo 9](http://lh.rdcpix.com/c7df8150541dc5d6de35b5253aa3370dl-f2325875107r.jpg)

![2531 Elmwood Avenue - Photo 10](http://lh.rdcpix.com/c7df8150541dc5d6de35b5253aa3370dl-f3466352574r.jpg)

![2531 Elmwood Avenue - Photo 11](http://lh.rdcpix.com/c7df8150541dc5d6de35b5253aa3370dl-f4011825753r.jpg)

![2531 Elmwood Avenue - Photo 12](http://lh.rdcpix.com/c7df8150541dc5d6de35b5253aa3370dl-f1494533941r.jpg)

![2531 Elmwood Avenue - Photo 13](http://lh.rdcpix.com/c7df8150541dc5d6de35b5253aa3370dl-f3914745200r.jpg)

![2531 Elmwood Avenue - Photo 14](http://lh.rdcpix.com/c7df8150541dc5d6de35b5253aa3370dl-f2638009039r.jpg)

![2531 Elmwood Avenue - Photo 15](http://lh.rdcpix.com/c7df8150541dc5d6de35b5253aa3370dl-f1514989653r.jpg)

![2531 Elmwood Avenue - Photo 16](http://lh.rdcpix.com/c7df8150541dc5d6de35b5253aa3370dl-f76778914r.jpg)

![2531 Elmwood Avenue - Photo 17](http://lh.rdcpix.com/c7df8150541dc5d6de35b5253aa3370dl-f3385848542r.jpg)

---

**MLS#:** 12740202 | **Updated:** 2026-10-30
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/2531-elmwood-avenue-berwyn-il-60402-e4edb76acf81409db44f1bd6b44b775c)

---

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