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.
Property Map
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Property Details
Utilities
Heating Natural Gas, Forced Air
Cooling
Water Public
Sewer Public Sewer
Additional Information
Parking
8 Parking Spaces (2 Garage Spaces), Garage On Site, Parking On Site, Owned, Owned
Schools
Proviso East High School (209), Proviso Mathematics And Science Academy, Melrose Park Elementary School (89), Melrose Park Elementary School (89)
Payment Calculator
Listing History
11-01-2023
Listed at $330,000
11-20-2023
Status changed to Under Contract
12-06-2023
Status changed to Active
12-18-2023
Status changed to Under Contract
12-20-2023
Status changed to Active
03-28-2024
Status changed to Under Contract
Last Modified 3/28/24 3:17 PM
Nearby Transportation
Union Pacific West
0.2 mi
I 290 West
1.4 mi
I 290 East
1.4 mi
I 88 East
2.2 mi
I 294 North
3.5 mi
Hwy 20 West
3.5 mi
I 294 South
4.4 mi
I 88 West
4.7 mi
For More Information
(312) 528-9200
For more information about 113 N 16th, Melrose Park, IL 60160 contact Corcoran Urban Real Estate.
Broker Reciprocity
Listing provided by Alexander Realty LLC
All information provided is deemed reliable but is not guaranteed and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.