Closed

$330,000

113 16th Avenue, Melrose Park, IL 60160
5 Beds4 Baths149 days
113 16th Avenue·Melrose Park, IL 60160
5Bedrooms
4Bathrooms
1882Year Built
About This Home

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.

MLS# 11921632Listed November 1, 2023Residential Income
Property Details

Beds & Baths

Total Bedrooms5
Total Bathrooms4
Total Rooms12

Size & Structure

Garage Spaces2
Year Built1882
Lot Size52 X 125

Location

CountyCook
TownshipProviso
Zip Code60160

Financial

List Price$330,000
Annual Taxes (2022)$8,942
Monthly Tax Est.$745
Parcel #15102150130000
Interior Features

Heating

Natural GasForced Air

Basement

None
Exterior & Lot

Construction

Vinyl Siding
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

On SiteGarage OwnedDetachedOwnedGarage
Schools
Elementary
Melrose Park Elementary School
District: 89
Middle School
Melrose Park Elementary School
District: 89
High School
Proviso East High School
District: 209
Tax & Financial
Annual Taxes
$8,942
Tax Year 2022
Monthly Tax Est.
$745
per month
Property Location

113 16th Avenue, Melrose Park, IL 60160Cook County

$330,000
113 16th Avenue
5 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
149 days on market
2-car garage
52 X 125
$8,942/yr taxes
$2,479
estimated monthly payment
Principal & Interest
$1,734/mo
Property Tax
$745/mo
$330,000
20% — $66,000
3%50%
6.875%
3%12%
Loan Amount
$264,000
Down Payment
$66,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Alexander Realty LLC
Agent: Fernando Arreguin
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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