Corcoran Urban Real Estate
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4 Properties Within 0.5 miles of: 101 N 23, Melrose Park

101 N 23
Melrose Park, IL 60160

  • 5 Beds
  • Built In 1933
Price

$550,000

Est Payment
$3,587 / month (details)  
Taxes
$8,055  
Beds
5  
Rooms
17  
Type
Two to Four Units  
Sq. Ft.
n/a  
Lot Size
2644  
Built
1933  
Neighborhood
Melrose Park  
MLS
#12264337
Status
Active (116 days)

Property Description

***PLEASE CLICK ON THE VIRTUAL TOUR LINKS...THERE IS ONE LINK PER UNIT*** This charming 3 Unit building is nestled in the heart of Melrose Park, offering a fantastic opportunity for investors or multi-family living. Here is your opportunity to own a part of Melrose Park History via this 3 Unit property on an OVERSIZED LOT, with ample parking. Forget the hassle of street parking! This property provides an oversized- three car garage, four exterior parking spaces, and plenty of convenient off-street parking, ensuring residents have a designated spot for their vehicles. All units are on month-to-month rental agreements with occupants, with NO LEASES in place which gives new ownership the opportunity for rental growth in an area with high rental demand. Occupants are longtime family friends that have grandfathered in rents. Amazing location near schools, parks, restaurants, shops, public transportation and so much more. With three units, this property offers an excellent opportunity for generating multiple income streams. Whether you decide to rent out all units or live in one and rent out the others, the potential for substantial returns is within reach. This may be the one you'll want to call home or add to your portfolio.

Property Tour

Property Map

Property Details

Utilities

  • Heating Natural Gas
  • Cooling
  • Water Public
  • Sewer Public Sewer

Additional Information

Parking
7 Parking Spaces (3 Garage Spaces), Garage On Site, Parking On Site, Owned, Owned
Schools
District 209, District 89

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

01-03-2025 Listed at $550,000
Last Modified 1/25/25 6:06 PM

Nearby Transportation

  • Union Pacific West 0.3 mi
  • I 290 West 1.4 mi
  • I 290 East 1.4 mi
  • I 88 East 1.9 mi
  • I 294 North 3.1 mi
  • Hwy 20 West 3.1 mi
  • I 294 South 4.2 mi
  • I 88 West 4.3 mi
  • Hwy 20 East 4.6 mi
  • Hwy 38 East 4.9 mi
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