2069 N 18th Avenue
Melrose Park, IL 60160

Pleased to present this Melrose Park all brick 12-unit multi-family, consisting of 4 one-bedroom garden view and 8 two-bedroom units, in highly stable suburb of Chicago. All 12 units feature spacious rooms. The property gives an Investor the opportunity to acquire a stabilized, strong cash flowing asset. From day one, the new owner could capitalize on the long-term tenant base with an in-place Cap rate of 6.39%. Building is fully occupied. Located within close proximity to major area businesses for employment possibilities (Jewel Food/Produce Distribution Center - 0.3mi, Gottlieb Memorial Hospital - 1.4mi, Amazon Delivery Station - 1.5mi) and local schools (Rhodes School District 84 1/2 - 1.1mi, West Leyden High School - 4.4mi, Triton College - 1.1mi). Property has 12 parking spaces located in the rear of the building, plus additional driveway and street parking. The 2-bedroom units have hardwood flooring in the living rooms with a dining area off the kitchen. New owner should be able to reduce expenses to provide more NOI. Additional income from on-site coin laundry machines. Ample storage available for both tenant and property owner. Exterior has additional owner storage/work shed. Below market rents offer new buyer further potential rental income.