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Beth Kaim, Sales Associate
FOR SALE
$624,000

1914 N 18th Avenue
Melrose Park, IL 60160

Multi-Family
Residence
7
Beds
5
Baths
Courtesy: Altogether Realty Corporation
Welcome to a lucrative investment opportunity nestled in the heart of Melrose Park, where prime real estate meets exceptional potential. This investment gem sits within close proximity to shopping centers, central highways, schools, parks, and public transportation. Its strategic location not only enhances its desirability for tenants and investors alike, but also presents long-term appreciation in property value. A well-maintained 4-unit brick building comprises of three spacious 2-bedroom apartments and one large single-bedroom unit. Apartments are all in excellent condition with some recent undergone renovations. A Large laundry room with coin operated washer and dryer and additional storage for each apartment is on site, as well as a shed. Outside you will find 5 parking spots and a common gathering area. The building has a newer roof and gutters (2017), new fire-resistant doors and newer water heater. All units are currently occupied by long-term tenants and the rent amount is below current market value. With brought up to market value rent, the capitalization rate is above 7%. This property offers investors a rare opportunity for substantial returns on their investment in today's flourishing market. Whether you're an experienced investor seeking to diversify your portfolio or a newcomer looking to capitalize on the real estate market's potential. Look no further because this opportunity combined with a very strong rental market demand grants both immediate return on investment and long-term growth. One of the owners is a licensed real estate agent.
12017174
Multi-Family, Other
7
Cook
5
1971
Brick
Public Sewer
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Data Provided by Onboard
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

Walk Score

Transit Score

Courtesy: Altogether Realty Corporation
Listings courtesy of MRED as distributed by MLS GRID

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