2531 Elmwood Ave
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!
Listing Information
Facts & Features
Location
Community Information
Architecture
Features & Amenities
Property Features
Tax & Financial Information
Schools
Hiawatha Elementary School
Assigned school for this home
Freedom Middle School
Assigned school for this home
Piper School
J Sterling Morton East High School
Lincoln Middle School
Irving Elementary School
Woodrow Wilson Elementary School
J Sterling Morton West High School
School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.
Historical Data
Price History
| Date | Event | Price |
|---|---|---|
| 10/22/2026 | Price change | $569,000 |
| 08/22/2026 | Listed for sale | $555,000 |
Listed by Wilfredo Aguilar Jr · North Clybourn Group, Inc. · 7732520600
Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Midwest Real Estate Data (MRED). All rights reserved.
Last Updated: October 30, 2026 at 2:26 PM | Source: Midwest Real Estate Data (MRED) | MLS#: 12740202
Similar Homes For Sale In Berwyn
Start Your Real Estate Journey
Whether you have questions about this listing, want to schedule a showing, or just want to talk through your options, Shawn Strach is here to help. Reach out and expect a response within one business day.
How can I help?
Shawn Strach is here to help. Reach out and expect a response within one business day.
Thanks — Shawn Strach will be in touch shortly.
Make A Plan For Your Purchase
Know what you can afford before you start shopping — then run the numbers on any home you have in mind.
How much house can I afford?
- Principal & interest
- Property taxes
- Homeowner's insurance
- HOA dues
If your monthly savings are applied to the loan principal.
Enter your income, debts, and down payment to see how much home you may qualify for. Estimates only — not a lending decision.
Want to know more?
Matt Brua is here to help. Reach out and expect a response within one business day.
✓ Thanks — Matt Brua will be in touch shortly.
Your Next Chapter Starts With Just A Few Steps
Before you fall in love with a home, know what you can afford. Fill out a quick pre-approval so you're ready to make your move — on your timeline.
Pre-approval made easy
We're here to help you find the best option, not to help the best option find you. Trust that your information will not be shared with many different lenders like so many platforms do.
What type of home are you looking for?
How do you plan to use your new home?
Where are you in the home buying process?
Are you currently working with a real estate agent?
Do you currently own a home?
Is this your first time purchasing a home?
Do you plan to sell your current home before purchasing a new one?
Have you or your spouse served in the US military?
Veterans and active US military may be eligible for a $0 down VA loan.
What is your price range?
What is your current employment status?
What is your household pre-tax annual income?
What is your credit score?
Have you had a bankruptcy or foreclosure in the past 3 years?
Almost done — where can we reach you?
✓ Thank you for your time!
You'll hear back within one business day with your next steps.