1511 N 16th Avenue
Melrose Park, IL 60160

Status: Sold
Multi Family
8 beds
0 baths
0 sq.ft
Listing Price: $549,900
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About this home

Nestled in the heart of Melrose community, this meticulously maintained 3-flat property offers an exceptional investment opportunity.Whether you're a seasoned investor or a first-time buyer, this property offers a promising return on investment. The well-maintained units and excellent location ensure consistent rental demand. This 3-flat property in Melrose park, is a rare find in today's market. With its well-maintained units, ample parking, and desirable location, it presents an outstanding opportunity for investors seeking both immediate returns and long-term value appreciation. Don't miss out on this gem - schedule a viewing today!

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 51-60 Years
3 Bedroom Unit in Building Yes
Approx Year Built 1972
Parking Total 6
Exterior Building Type Brick
Parking Features Assigned
Garage On-Site Yes
Parking Ownership Owned
Parking Space/s
Roof Type Flat
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major Melrose Park
Corporate Limits Melrose Park
Directions West on Norwood South on 16th
Elementary Sch Dist 89
Heat/Fuel Natural Gas, Radiator(s)
High Sch Dist 209
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 89
Township Proviso
Interior Features
Basement Description Finished
Basement Bathrooms No
Basement Full
Bedrooms Count 8
Bedrooms Possible 8
Baths Count 5
Full Baths in Building Count 3
Half Baths in Building Count 2
Total Rooms 14
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1400
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date MTM
Rooms Total 4
Security Deposit N/A
Tenant Pays Electric,Gas
Floor Number G
Square Feet 1200
unit 2
Beds Total 3
Baths Total 2
Actual Rent 1700
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Half Baths Total 1
Lease Expiration Date MTM
Rooms Total 5
Security Deposit N/A
Tenant Pays Electric,Gas
Floor Number 1
Square Feet 1400
unit 3
Beds Total 3
Baths Total 2
Actual Rent 1700
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave
Full Baths Total 1
Half Baths Total 1
Lease Expiration Date OWNER
Rooms Total 5
Security Deposit N/A
Tenant Pays Electric,Gas
Floor Number 2
Square Feet 1400
Property / Lot Details
Lot Dimensions 33X123
Lot Size Source County Records
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 3
Property Type Two to Four Units

Financials

Financing Conventional
Gross Rental Income $4,900
Rental Income 4900
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 15032090400000
Special Assessments N
Taxes $11,442
Tax Exemptions Homeowner
Tax Year 2021
$549,900 Listing Price:
MLS # 11903294
Investment Profile Residential Income
Listing Market Time 157 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 3
Parking Space/s
List Date 10/06/2023
Year Built 1972
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