Melrose Park IL Multi Family for Sale
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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.
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 5
- Year built:
- 1964
- Baths:
- 2.00
- MLS#:
- 12149735
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Courtesy: MDS Premier Properties
630-333-3444
ADDITIONAL INFORMATION
Brick 2 flat in excellent location. 2 car brick garage. Building has been well maintained by owner. Both kitchens are eat in. All windows have been changed. New hot water tank. Roof 8-10 years. Sewer backup flood control installed with battery backup. 200 Amp electric service, Roof 8-10 years. Tenants M/M. See broker remarks for appointments.
- 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.
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 9
- Year built:
- 1979
- Baths:
- 6.00
- MLS#:
- 12122478
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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 investor or an owner-occupant. All units are rented month-to-month; rents are under market price, leaving room for the new owner to increase them. New driveway and parking with 6 spots. Close to shops, stores, and restaurants. Schedule your tour today.
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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
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 $178,900. This is lower than the county median home value of $214,400. The national median home value is $219,700. The average price of homes sold in Melrose Park, IL is $178,900. Approximately 45.06% of Melrose Park homes are owned, compared to 48.37% rented, while 6.57% 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 60160 has a population of 25,447. Melrose Park 60160 is more family-centric than the surrounding county with 36.8% of the households containing married families with children. The county average for households married with children is 30.49%.
The median household income in Melrose Park, Illinois 60160 is $47,925. The median household income for the surrounding county is $59,426 compared to the national median of $57,652. The median age of people living in Melrose Park 60160 is 32.9 years.
Melrose Park Weather
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 16.5 degrees. The average rainfall is approximately 38 inches per year, with 36.3 inches of snow per year.