1670 N 1st Avenue,Melrose Park, IL 60160
Melrose Park, IL 60160
Description
Prime Investment Opportunity - Well-Maintained 6-Unit Brick Building Outstanding location! This attractive, free-standing ALL brick and stone 6-unit building has an exceptional rental history and has never been vacant. Conveniently located just steps from the new Amazon Fulfillment Center, this property offers strong rental demand and excellent investment potential. The building features: Five spacious 2-bedroom units, One 1-bedroom unit, A total of 10 parking spaces Recent improvements include: New concrete driveway with parking for 4 vehicles in front and 2 New Concrette-car parking in the rear, plus asphalt parking for the remaining spaces Total (10 Car Parking), ALL New Roof, gutters, and aluminum soffits, Some newe windows, Several updated bathrooms, New owned coin-operated washer and dryer, providing additional income, Newer tuckpointing, Current rents offer significant upside potential, as all rents include heat and cooking gas. With market-rate adjustments, a new owner may have the opportunity to substantially increase rental income. Ideally located near shopping, transportation, restaurants, and other everyday conveniences, this is a rare opportunity to acquire a solid, income-producing property in a high-demand location.
Details
| MLS # | 12726844 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1960 |
| Days On Site | 30 |
| Listing Provided By | Century 21 Circle | Kief Mkrdichian |
Features
| SQ Feet | 3,510 |
|---|---|
| Story(s) | 3 |
| Units | 6 |
| Zoning | OTHER |
Interior
| Cooling | Window Unit(s) |
|---|---|
| Fireplaces Total | 0 |
Exterior
| Construction Materials | Brick, Stone |
|---|
Utilities
| Electric | Circuit Breakers |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 11435 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Melrose Park |
| Zip Code | 60160 |
| Area | Melrose Park |
| Listing VS Median (in 60160) | |
Price: $869,000 low | high Med: $399,900 sqft: 3,510 low | high Med: 1,863 $ / sqft: $248 low | high Med: $215 On site: 30 low | high Med: 29 | |
Market Activity 60160
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Melrose Park |
| Zip Code | 60160 |
| Area | Melrose Park |
| Listing VS Median (in 60160) | |
Price: $869,000 low | high Med: $399,900 sqft: 3,510 low | high Med: 1,863 $ / sqft: $248 low | high Med: $215 On site: 30 low | high Med: 29 | |