113 N 16th Avenue
Melrose Park, Illinois 60160

Closed / MLS #11921632 / Multiple Unit (2-4) / Melrose Park
Listing information updated 5/22/2024 at 5:43pm
Investor's Dream in Prime Melrose Park Location! This meticulously maintained 2-unit building, promises not only immediate returns but also substantial future income. Situated in an excellent location, this property stands as a testament to smart real estate investing. With a strong history of generating revenue. Recent upgrades, including a brand-new electrical system and HVAC, ensure efficiency and cost savings for years to come. Thoughtful remodeling has added a fresh, appealing aesthetic, attracting quality tenants. Each unit enjoys its own separate utility meters, including water, providing convenience and transparency for both landlord and tenants. Situated on a double lot, there's ample room for outdoor parking and amenities. This property is being sold in As Is Condition, presenting an opportunity for investors to capitalize on potential value-add improvements. Nestled in the heart of Melrose Park, this property is surrounded by a thriving community and offers easy access to amenities, schools, and transportation. With its income-generating potential, recent upgrades, and strategic location, this property is poised to be a lucrative addition to any investor's portfolio. Don't miss out on this prime investment opportunity.

Listing Office: Alexander Realty LLC

Listing Office Phone: 708.878.7213

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113 N 16th Avenue, Melrose Park, IL 60160 is a multiple unit (2-4) which sold for $340,000. 113 N 16th Avenue features 5 Beds, 3 Baths, 1 Half Bath. This multiple unit (2-4) has been listed on @properties Christie's International Real Estate since November 1st, 2023 and was built in 1882. Nearby schools include Melrose Park Elementary School and Proviso East High School. The nearest transit stops include Melrose Park Metra Metra Milwaukee District West line.