Investor Special - Solid Bungalow with Expansion Potential! Excellent opportunity for savvy investors or rehabbers! This all-brick 2-bedroom, 1-bathroom bungalow offers a solid foundation and endless possibilities for value-add improvements. Highlights: Spacious 42x15 open attic - perfect for additional living space or a master suite. Full walk-out basement - ideal for duplexing or recreation area. Located on a quiet, tree-lined street. Strong bones - ready for renovation and resale. Fantastic chance to build equity in a desirable neighborhood . Please Note: Cash buyers only Home is being sold as-is. Buyer is responsible for all Village requirements This is a rare find for investors looking for their next project. Act quickly-properties with this much upside don't last long!
Closed
$225,000
1531 Elmwood Ave, Berwyn, IL 60402
2beds
1,028sqft
Single Family Residence
Built in 1924
3,750 Square Feet Lot
$290,300 Zestimate®
$219/sqft
$2,017 Estimated rent
Home value
$290,300
$255,000 - $325,000
$2,017/mo
Zestimate® history
Owner options
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$2,017/mo
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$1,697/mo
Est. payment
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$1,697/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Lorena Mejia 708-788-1900,
Realty of America, LLC,
Sonia Briseno 312-834-6577,
Realty of America, LLC
Bought with:
Stacey Thorne
@properties Christie's International Real Estate
Source: MRED as distributed by MLS GRID,MLS#: 12317685
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: No additional rooms
Primary bedroom
- Level: Main
- Area: 120 Square Feet
- Dimensions: 12X10
Bedroom 2
- Level: Main
- Area: 110 Square Feet
- Dimensions: 11X10
Dining room
- Level: Main
- Area: 160 Square Feet
- Dimensions: 16X10
Family room
- Level: Main
- Area: 120 Square Feet
- Dimensions: 15X08
Kitchen
- Features: Flooring (Ceramic Tile)
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13X11
Living room
- Level: Main
- Area: 192 Square Feet
- Dimensions: 16X12
Heating
- Natural Gas
Cooling
- None
Appliances
- Laundry: Gas Dryer Hookup
Features
- Basement: Partially Finished,Full
- Attic: Unfinished
Interior area
- Total structure area: 0
- Total interior livable area: 1,028 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage Door Opener, On Site, Detached, Garage
- Garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 1.5
Lot
- Size: 3,750 Square Feet
- Dimensions: 30X125
Details
- Parcel number: 16192310130000
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Brick
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
HOA
- Services included: None
Location
- Region: Berwyn
Financial & listing details
- Price per square foot: $219/sqft
- Tax assessed value: $230,010
- Annual tax amount: $6,188
- Date on market: 3/22/2025
- Listing terms: Renovation Loan
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 9/24/2025 | Sold | $225,000-5.4%$219/sqft |
Source:  MRED as distributed by MLS GRID #12317685 Report a problem | ||
| 7/31/2025 | Pending sale | $237,900$231/sqft |
Source: MRED as distributed by MLS GRID #12317685 Report a problem | ||
| 7/16/2025 | Price change | $237,900-0.8%$231/sqft |
Source: MRED as distributed by MLS GRID #12317685 Report a problem | ||
| 6/24/2025 | Pending sale | $239,900$233/sqft |
Source: MRED as distributed by MLS GRID #12317685 Report a problem | ||
| 6/10/2025 | Listed for sale | $239,900-2.9%$233/sqft |
Source: MRED as distributed by MLS GRID #12317685 Report a problem | ||
| 4/26/2025 | Contingent | $247,000$240/sqft |
Source: MRED as distributed by MLS GRID #12317685 Report a problem | ||
| 3/22/2025 | Listed for sale | $247,000+124.5%$240/sqft |
Source: MRED as distributed by MLS GRID #12317685 Report a problem | ||
| 9/16/1999 | Sold | $110,000$107/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,416 +3.7% | $23,001 +0% |
| 2023 | $6,189 +61.6% | $22,999 +77.3% |
| 2022 | $3,829 +4% | $12,974 |
| 2021 | $3,681 +0.3% | $12,974 |
| 2020 | $3,669 -21.8% | $12,974 -12.3% |
| 2019 | $4,690 +4.2% | $14,800 |
| 2018 | $4,503 +2.6% | $14,800 |
| 2017 | $4,387 +15.5% | $14,800 +29% |
| 2016 | $3,797 +3.4% | $11,473 |
| 2015 | $3,673 -8.4% | $11,473 -8.3% |
| 2014 | $4,011 +4.8% | $12,510 -5.9% |
| 2013 | $3,826 +5% | $13,296 |
| 2012 | $3,642 -4.4% | $13,296 |
| 2011 | $3,811 -7.1% | $13,296 -23.1% |
| 2010 | $4,102 +8.6% | $17,292 -9.2% |
| 2009 | $3,779 +9.9% | $19,035 -15% |
| 2008 | $3,437 -2.9% | $22,393 +11.7% |
| 2007 | $3,540 +9.7% | $20,041 |
| 2006 | $3,227 +1.4% | $20,041 |
| 2005 | $3,183 -7.5% | $20,041 +44.8% |
| 2004 | $3,441 +2.3% | $13,841 |
| 2003 | $3,365 +5.8% | $13,841 |
| 2002 | $3,181 +33.7% | $13,841 +36.4% |
| 2001 | $2,379 -20.8% | $10,145 |
| 2000 | $3,005 +1.7% | $10,145 |
| 1999 | $2,955 | $10,145 |
Find assessor info on the county website
Neighborhood: 60402
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Nearby schools
GreatSchools rating
- 6/10Karel Havlicek Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 7/10Lincoln Middle SchoolGrades: 6-8Distance: 0.1 mi
- 6/10J Sterling Morton West High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- District: 98
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$290,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$290,300
- Illinois
- Cook County
- Berwyn
- 60402
- 1531 Elmwood Ave
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