Melrose Park IL Multi Family for Sale
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Year built:
- 1941
- Baths:
- 2.00
- MLS#:
- 12192191
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Courtesy: Baird & Warner
708-697-5900
ADDITIONAL INFORMATION
Welcome to this charming, rent ready, 2-flat in a highly sought-after neighborhood. Each unit features 2 bedrooms, 1 bath with hardwood floors, plenty of closet space, loads of cabinet storage, rear deck off each unit, picturesque pergola, pavered patio and tons of possibilities! Live in one unit and rent the other or take advantage of the rental income from both! This property located at 1940 N 19th Avenue is being sold as a package with the adjacent parcel located at 1938 N 19th Avenue! Conveniently close to shopping, restaurants and transportation. Property is being Sold As Is.
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Courtesy: Illinois Real Estate Partners Inc
630-560-1001
ADDITIONAL INFORMATION
Ideal investment!! 2-unit building on a double lot updated throughout the last few years. Convenient location steps from restaurants, groceries, and entertainment and close proximity to highways and main roads. 1st floor has been freshly painted and has 3 bedrooms, living and eat-in kitchen. 2nd floor has 2 bedrooms and a large eat-in kitchen. Full unfinished basement with exterior access for additional space! Both units have gas forced heat and central for optimal comfort. Detached 700 sq. ft. garage in rear has been enclosed, making it ideal for a workshop and/or storage! Plenty of parking on driveway and rear of building right off alley! Great investment opportunity awaits savvy buyer!
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 6
- Year built:
- 1898
- Baths:
- 3.00
- MLS#:
- 12189510
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Courtesy: Realty of America, LLC
708-788-1900
ADDITIONAL INFORMATION
GREAT INVESTMENT OPPORTUNITY. THIS PROPERTY SITS ON A DOUBLE LOT WITH A 3 CAR GARAGE. PLEASE PROVIDE PROOF OF FUNDS OR PRE-APPROVAL. INFORMATION NOT GUARANTEED. TAX PRORATION 100. SOLD AS-IS. ESTATE SALE
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 8
- Year built:
- 1973
- Baths:
- 5.00
- MLS#:
- 12177678
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Courtesy: Keller Williams Realty Ptnr,LL
847-685-8300
ADDITIONAL INFORMATION
Terrific BIG, 3 unit brick building on double lot, with HUGE 2+ car all brick garage and parking for everyone on it's big driveway! This building has been lovingly maintained and has many updates and great features. This is perfect for anyone whether you are an investor, a live-in owner or multi-generational user. AMAZINGLY convenient location near shopping, transportation, schools and restaurants. Come to Melrose Park and enjoy everything it has to offer. See this one right away before you miss out!
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 9
- Year built:
- 1979
- Baths:
- 6.00
- MLS#:
- 12178361
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Courtesy: Century 21 S.G.R
312-326-7972
ADDITIONAL INFORMATION
Great opportunity to own this rare legal 3-flat with huge 3 bed/2 full bath apartments in Melrose Park, suitable for an owner-occupant or an investor. Very well-maintained building with new driveway and parking with 6-8 spots. Features new remodeled kitchen with quartz countertops, cabinets, faucets, microwaves, stoves, and sinks. New entrance doors. All units are month-to-month. Close to shops, stores, and restaurants. Schedule your tour today; it will not last long!
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 5
- Year built:
- 1919
- Baths:
- 2.00
- MLS#:
- 12145797
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Courtesy: Berkshire Hathaway HomeServices American Heritage
847-364-6030
ADDITIONAL INFORMATION
Incredible investment opportunity! This beautifully maintained property in Melrose Park consists of two units along with a full, unfinished, walk-out basement equipped with coin operated washer and dryer. Main level unit is 3 bedrooms, 1 bathroom and second level unit is 2 bedrooms, 1 bathroom. Large corner lot with backyard area, detached garage and two additional parking spaces in rear. Great location in Melrose Park with great investment potential.
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Courtesy: Coldwell Banker Realty
312-266-7000
ADDITIONAL INFORMATION
Three unit property on double lot. Primary building has 2 legal units and an in-law arrangement in the basement. Coach house is grandfathered in with three bedrooms and recently updated. Current rents are due to longer term tenants; however, large margin to increase rents to market rate. Property has 4 gas meters and 4 electric meters. Electric has recently been updated with new service and panels. Each tenant pays their own electric and gas bill. Concrete work completed in 2022 along with roof for coach house. Roof of main building was done in 2017. 10 parking spaces available.
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 7
- Year built:
- 1970
- Baths:
- 5.00
- MLS#:
- 12095359
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Courtesy: Altogether Realty Corporation
847-915-0889
ADDITIONAL INFORMATION
Welcome to a lucrative opportunity nestled in the heart of Melrose Park, where prime real estate meets exceptional potential. This property offers a blend of comfortable living space and exceptional rental income potential, making it ideal for investors looking to maximize returns in the real estate market, as well as a unique option to have a unit to reside in. This investment gem sits within close proximity to constantly developing shopping centers, major highways, schools, parks, and public transportation. Its strategic location not only enhances its desirability for tenants and investors alike, but also presents long-term appreciation in property value. A well-maintained 4-unit brick building comprises of three spacious 2-bedroom apartments and one large single-bedroom unit. A Large laundry room with coin operated washer and dryer and additional storage for each apartment. A Shed located in the back of the property, along with a common picnic area. The building also has 5 parking spots, a highly-desirable feature in the area. The building is equipped with a newer roof and gutters (2017) as well as new fire-resistant doors. All units are currently occupied by long-term tenants. With the current lower rents, the capitalization rate is 6.15 precent . With brought up to market value rent, the capitalization rate rises above 8.4 precent ! This property offers investors a rare opportunity for substantial returns on their investment in today's flourishing market. Whether you're looking to diversify your portfolio, generate passive income, or secure a residence with income potential, this investment promises to deliver both financial rewards and lifestyle benefits. One of the owners is a licensed real estate agent.
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Year built:
- 1893
- Baths:
- 2.00
- MLS#:
- 12085900
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Courtesy: Triple A Real Estate, LLC.
630-271-1006
ADDITIONAL INFORMATION
LARGE PRICE REDUCTION!! BOTH UNITS ALMOST LIKE NEW Each Unit has its OWN CENTRAL AIR CONDITIONING UNIT. Live in one and rent the other to help with mortgage.Super Highly Motivated Seller, will consider all offers! This professionally renovated property boasts modern upgrades including new AC units (2) and furnaces (2), new insulation was installed on the two units, for energy savings, updated electrical and plumbing systems, and brand new custom kitchen cabinets with stunning quartz countertops and new appliances. Enjoy new flooring throughout both units, beautifully updated bathrooms with new fixtures, newer and some brand new windows, new interior doors, stylish new light fixtures, and new front and back stairs. Situated on an oversized lot, this home offers ample space for gatherings and entertainment, along with plenty of parking. Conveniently located near highways and public transportation, this property is a must-see! Don't miss out on this incredible opportunity-schedule your showing today!
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 7
- Year built:
- 1909
- Baths:
- 3.00
- MLS#:
- 11946787
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Courtesy: Realty of Chicago LLC
773-988-1688
ADDITIONAL INFORMATION
GREAT INVESTMENT. TWO UNIT PROPERTY WITH A FULL UNFINISHED BASEMENT AND AN IN-LAW ARRANGEMENT. PROPERTY ALSO INCLUDES A 2 CAR GARAGE. PLEASE PROVIDE PROOF OF FUNDS OR PRE-APPROVAL. INFORMATION NOT GUARANTEED. TAX PRORATION 100. SOLD AS-IS.
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Melrose Park Real Estate
The median home value in Melrose Park, IL is $324,500. This is higher than the county median home value of $279,800. The national median home value is $338,100. The average price of homes sold in Melrose Park, IL is $324,500. Approximately 49.65% of Melrose Park homes are owned, compared to 43.02% rented, while 7.33% are vacant. Melrose Park real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Melrose Park real estate agent to arrange a tour today!
Melrose Park, Illinois has a population of 25,417. Melrose Park is more family-centric than the surrounding county with 34.36% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in Melrose Park, Illinois is $58,871. The median household income for the surrounding county is $72,121 compared to the national median of $69,021. The median age of people living in Melrose Park is 33.9 years.
Melrose Park Weather
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 17.5 degrees. The average rainfall is approximately 38.1 inches per year, with 37.2 inches of snow per year.