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$1,100,000

2069 N 18th Avenue
Melrose Park, Illinois 60160

Closed / MLS #11719847 / Multiple Family / Melrose Park
Listing information updated 1/4/2024 at 4:03pm
Pleased to present this Melrose Park all brick 12-unit multi-family, consisting of 4 one-bedroom garden view and 8 two-bedroom units, in highly stable suburb of Chicago. All 12 units feature spacious rooms. The property gives an Investor the opportunity to acquire a stabilized, strong cash flowing asset. From day one, the new owner could capitalize on the long-term tenant base with an in-place Cap rate of 6.39%. Building is fully occupied. Located within close proximity to major area businesses for employment possibilities (Jewel Food/Produce Distribution Center - 0.3mi, Gottlieb Memorial Hospital - 1.4mi, Amazon Delivery Station - 1.5mi) and local schools (Rhodes School District 84 1/2 - 1.1mi, West Leyden High School - 4.4mi, Triton College - 1.1mi). Property has 12 parking spaces located in the rear of the building, plus additional driveway and street parking. The 2-bedroom units have hardwood flooring in the living rooms with a dining area off the kitchen. New owner should be able to reduce expenses to provide more NOI. Additional income from on-site coin laundry machines. Ample storage available for both tenant and property owner. Exterior has additional owner storage/work shed. Below market rents offer new buyer further potential rental income.
Exterior Type:
Brick
Water Front:
No
Square Feet:
N/A
Built:
1966
Cooling System:
Wall Sleeve
Stories:
3
Roof:
Rubber
Current Use:
Multi-Family
Potential Use:
Multi-Family
Zoning:
MULTI
Current Net Income:
$83,091
Unit 1:
4 room(s) / 2 bed(s) / 1 bath(s)
Unit 2:
3 room(s) / 1 bed(s) / 1 bath(s)
Unit 3:
3 room(s) / 1 bed(s) / 1 bath(s)
Unit 4:
4 room(s) / 2 bed(s) / 1 bath(s)
Tax Amount:
$23,458
Tax Year:
2021
Zip Code:
60160
City:
Melrose Park
County:
Cook

Listing Office: Baird & Warner

Listing Office Phone: 847.392.1855

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 1/4/2024 at 4:03pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

Melrose Park, IL

Melrose Park is characterized by tree-lined streets, well-manicured homes, and a vibrant business community. Residents are brought together by events such as the Taste of Melrose Park, which brings local food vendors to the streets for a community block party. The annual Labor Day Weekend event also...
$339,880
Average Sale Price
49
Average Days On The Market
97%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 2069 N 18th Avenue, Melrose Park, IL 60160
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2069 N 18th Avenue, Melrose Park, IL 60160 is a multiple family which sold for $1,100,000. This multiple family has been listed on @properties Christie's International Real Estate since February 15th, 2023 and was built in 1966.

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