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11 Properties Within 0.5 miles of: 113 N 16th, Melrose Park
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113 N 16th
Melrose Park, IL 60160

  • 5 Beds
  • Built In 1882
Price

$330,000

Est Payment
$2,532 / month (details)  
Taxes
$8,942  
Beds
5  
Rooms
12  
Type
Two to Four Units  
Sq. Ft.
n/a  
Lot Size
52 X 125  
Built
1882  
Neighborhood
Melrose Park  
MLS
#11921632
Status
Contingent

Property Description

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

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)

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

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
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