Properties

Features
: Natural Gas
: None
: Outdoor Grill
: Public Sewer
Address Map
US
IL
Cook
Melrose Park
60160
18th
1914
Avenue
W88° 7' 15.7''
N42° 54' 45.1''
North Ave (Route 64) to 18th Ave N to building
Melrose Park
N
Neighborhood
Rhodes Elementary School
84.5
212
84.5
Rhodes Elementary School
Additional Information
5552
699000
: Lake Michigan
Altogether Realty Corporation
Sarit Levine
Financial
9968
Listing Information
256244
28775
Temporarily No Showings
2024-05-31T20:15:02Z
MRED
: List Broker Must Accompany
2024-05-31T20:14:49Z
Property Description

Welcome to a lucrative investment opportunity nestled in the heart of Melrose Park, where prime real estate meets exceptional potential. This investment gem sits within close proximity to shopping centers, central 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. Apartments are all in excellent condition with some recent undergone renovations. A Large laundry room with coin operated washer and dryer and additional storage for each apartment is on site, as well as a shed. Outside you will find 5 parking spots and a common gathering area. The building has a newer roof and gutters (2017), new fire-resistant doors and newer water heater. All units are currently occupied by long-term tenants and the rent amount is below current market value. With brought up to market value rent, the capitalization rate is above 7%. This property offers investors a rare opportunity for substantial returns on their investment in today’s flourishing market. Whether you’re an experienced investor seeking to diversify your portfolio or a newcomer looking to capitalize on the real estate market’s potential. Look no further because this opportunity combined with a very strong rental market demand grants both immediate return on investment and long-term growth. One of the owners is a licensed real estate agent.

Residential Income For Sale

1914 N 18th Avenue, Melrose Park, Illinois 60160

  • Bedrooms : 7
  • Bathrooms : 5
$624,000
Listing ID#12017174
QR Code
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 12017174
Price : $624,000
Bedrooms : 7
Rooms : 17
Bathrooms : 5
Year Built : 1971
Listing Status : Hold
Roof : Asphalt
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