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$555,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
  • 2 Car Garage
  • Updated 1 day ago
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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

Full Property Details for 2531 Elmwood Ave

General

  • Price: $555,000
  • Taxes: $11,023 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12740202
  • Updated: 8/22/2026
  • Added to Site: 2 day(s) ago

Rental Information

  • Complex Features: Park, Sidewalks, Street Lights, Street Paved

Interior

  • Basement: Finished, F

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Upper - Full Baths: 2

Bedrooms

  • Total Bedrooms: 8

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Features: Yes, Garage Owned, Detached, Garage

Location

  • Area: Berwyn
  • County: Cook
  • Township: Berwyn
  • Driving Directions: Ridgeland to 25th Street, West to Elmwood, South to property

School Information

  • School District: 100
  • Elem School District: 100
  • Midd School District: 100
  • High School District: 201
  • Elementary School: Hiawatha Elementary School
  • Middle School: Freedom Middle School
  • High School: J Sterling Morton West High Scho
  • Private School: J Sterling Morton West High Scho

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Architectural Info: Other
  • Architectural Style: Other
  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Finished, Full
  • Year Built: 1923
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 30 x 125
  • Zoning: MULTI

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1923
  • Tax Amount: $11,023
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 16302310400000

Listed by North Clybourn Group, Inc.

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Listing agent

— 2531 Elmwood Ave —

  • North Clybourn Group, Inc.

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 2531 Elmwood Ave

School Districts:Berwyn South School District 100, J. Sterling Morton High School District 201
NameGradesDistance
Hiawatha Elementary School, Berwyn, IL
6539 26th Street, Berwyn, IL 60402
K-50.2 mi
Freedom Middle School, Berwyn, IL
3016 Ridgeland Avenue, Berwyn, IL 60402
6-80.5 mi
J Sterling Morton West High School
2400 Home Avenue, Berwyn, IL 60402
9-120.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2531 Elmwood Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/22/2026
Listed
$555,000
8.82%
MLS
11/17/2023
Sold
$510,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2531 Elmwood Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$11,082
—
$31,001
—
2023
$11,082
31%
$30,999
40%
2022
$8,473
3%
$22,066
—
2021
$8,259
5%
$22,066
—
2020
$7,901
-21%
$22,066
—
2019
$9,979
6%
$22,141
—
2018
$9,393
-2%
$22,141
—
2017
$9,613
29%
$22,141
28%
2016
$7,477
2%
$17,240
—
2015
$7,329
4%
$17,240
—
2014
$7,068
27%
$17,240
-4%
2013
$5,573
4%
$17,915
—
2012
$5,337
—
$17,915
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by North Clybourn Group, Inc.

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2531 Elmwood Avenue, Berwyn, IL 60402 (MLS# 12740202) is a Multi-Family property with 2 units containing 8 bedrooms and 0 full bathrooms. 2531 Elmwood Avenue is currently listed for $555,000 and was received on August 22, 2026. Want to learn more about 2531 Elmwood Avenue? Do you have questions about finding other Multi-Family real estate for sale in Berwyn? You can browse all Berwyn real estate or contact a Coldwell Banker agent to request more information.

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