Melrose Park IL Real Estate & Homes for Sale

Great opportunity to own this rare legal 3 Flat with huge 3 bedrooms and 2 full bathrooms apartments in Melrose Park ,suitable for an investor or an owner occupant. All units are rented month to month, rents are under market price leaving room for the new owner to increase them. New driveway and parking with 6 spots. Close to shops, stores and restaurants. Schedule your tour today.

Sharp Duplex with first floor 3rd bedroom with half bath. Newer roof on house and garage (2012). Newer kitchen with Granite countertops and appliance ( 2012), Newer HVAC (2012 ). 2 car garage with attached 17'2 x 9.6" enclosed 3 season room and 24' X 17'6" concrete patio, with garden area and fenced. Finished Lower level family room with ceramic tile floor, Utility room, with Washer, Dryer, and storage area. Half block from Grammer School, and blocks to Winston Plaza shopping. Village certification obtained! Ready to close!

This large 2-unit home is a great investment opportunity. First unit on main floor has a large living room, kitchen, separate dinning area, 3 bedrooms and bath room on main level. Upstairs in the fully remodeled attic is 1 bedroom, 1 full bathroom and a living area. Unit 2 in basement has a large kitchen, separate dinning, 2 full baths and 2 bedrooms. Outside has an oversized driveway which holds up to 5 cars, an outside covered area for entertainment, exceptional landscaping. Walking distance to schools, parks and shopping. This is a HUD Home. HUD Homes are sold as-is. Buyer to verify zoning compliance and must take subject to any City requirements. Seller makes no representations or warranties as to the property condition. EHO, Insurability Code: UI, subject to appraisal. Please see agent remarks for offer submission instructions. No hay reparaciones o garantias se orfrecen con esta propiedad. Los compradores deben confiar en sus propias inspecciones no esta en casa. Los vendedores vende comoesta. Sala, la edad, metros cusdrados y el tamano del lote no verificado. .. HUD Case # 138-140608

Three unit property on double lot. Primary building has 2 legal units and an in-law arrangement in the basement. Coach house is grandfathered in with three bedrooms and recently updated. Current rents are due to longer term tenants; however, large margin to increase rents to market rate. Property has 4 gas meters and 4 electric meters. Electric has recently been updated with new service and panels. Each tenant pays their own electric and gas bill. Concrete work completed in 2022 along with roof for coach house. Roof of main building was done in 2017. 10 parking spaces available.

WOW!!! Must see inside this stunning newer brick single family home, built in 2021. Open concept unique quality home with meticulous attention to details and well designed custom finishes throughout. This magnificent home features elegant custom chef kitchen, "42" white cabinets, quartz counter tops, island, custom breakfast bar, stainless steel appliances, 1st floor gorgeous master suite with full bathroom, walk in closet and 2nd floor with 3 large bedrooms. Newer mechanicals, high efficient furnace, water heater, laundry room, huge patio with pergola and 2 car garage. Close to everything, restaurants, shops, public transportation, Metra station, 10 minutes to 294/290 expressway. Too many enhancements to list. Must see to appreciate!

Discover the charm of this exquisite and cozy 4 bedroom and 3.1 bath home, featuring modern updates and luxurious amenities. The kitchen includes sleek stainless steel appliances and a ceramic floor. The first-floor in-law suite offers a private, handicap-accessible bathroom for convenience and comfort. Retreat to the master bedroom, complete with a spacious walk-in closet. The master bathroom features a separate shower, a relaxing Jacuzzi tub, and a ceramic floor with a stylish vanity. The finished basement provides additional living space, and the dedicated laundry room adds to the home's functionality. Step outside to the private, fenced-in patio, perfect for relaxation and entertaining. This home is a must-see!

You will enjoy this beautiful building that is well cared for. 2 Bed, 2 Bath condo with redwood floors. Plenty of windows and the view of the woods is a pleasure. All stainless appliances in the large kitchen, with tile flooring. Remote control blinds. A nice laundry and utility room. A party room and a mail room on the first floor. Workout room and a hot tub on the top floor. 2 elevators. Indoor heated parking, space 15, first floor. A delightful community inside. Owner is a Licensed Illinois Real Estate Broker. Active Adult over 55+. 20% can be under 55, no children under 18. Building has very healthy reserves. No Senior or Homeowner exempt for 2023. Homeowner exemption for 2024 not available for present owner, Senior taxes for 2024 will be discounted $689.20.

Brick 2 flat in excellent location. Brick garage. Building has been well maintained. Both kitchens are eat in. All windows have been changed. Sewer backup flood control installed with battery backup for valve in case there's a power outrage. 200 Amp electric service, Roof 8-10 years. Newer back porch, Tenants pay electric and cooking gas. Tenants M/M

This charming brick single-family home in Melrose Park presents a fantastic opportunity for buyers seeking a move-in ready property. Boasting three bedrooms and a recently updated bathroom, this home offers comfortable living spaces and modern conveniences. The convenient location provides easy access to the expressway, a variety of shops, restaurants, schools, and recreational activities. Don't miss out on the chance to make this lovely home yours in the vibrant community of Melrose Park! Features include: Hardwood flooring, can lighting, generous closet/storage space, central air, large windows that capture lots of natural sunlight, 2 car garage & fenced in backyard. Beautiful new kitchen (2022) showcasing granite counter, 42" cabinets, new stainless steel appliances (2022). Separate utility room with space for washer/dryer. Updates also include brand new bathroom (2022), new electrical (2022), new roof on house & garage (2022), new plumbing (2022), tuckpointing (2022).

Welcome to a lucrative opportunity nestled in the heart of Melrose Park, where prime real estate meets exceptional potential. This property offers a blend of comfortable living space and exceptional rental income potential, making it ideal for investors looking to maximize returns in the real estate market, as well as a unique option to have a unit to reside in. This investment gem sits within close proximity to constantly developing shopping centers, major 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. A Large laundry room with coin operated washer and dryer and additional storage for each apartment. A Shed located in the back of the property, along with a common picnic area. The building also has 5 parking spots, a highly-desirable feature in the area. The building is equipped with a newer roof and gutters (2017) as well as new fire-resistant doors. All units are currently occupied by long-term tenants. With the current lower rents, the capitalization rate is 5.84%. With brought up to market value rent, the capitalization rate rises above 7.8%! This property offers investors a rare opportunity for substantial returns on their investment in today's flourishing market. Whether you're looking to diversify your portfolio, generate passive income, or secure a residence with income potential, this investment promises to deliver both financial rewards and lifestyle benefits. One of the owners is a licensed real estate agent.

BOTH UNITS ALMOST LIKE NEW! This professionally renovated property boasts modern upgrades including new AC units (2) and furnaces (2), updated electrical and plumbing systems, and brand new custom kitchen cabinets with stunning quartz countertops. Enjoy new flooring throughout both units, beautifully updated bathrooms with new fixtures, newer and some brand new windows, new interior doors, stylish new light fixtures, and new front and back stairs. Situated on an oversized lot, this home offers ample space for gatherings and entertainment, along with plenty of parking. Conveniently located near highways and public transportation, this property is a must-see! Don't miss out on this incredible opportunity-schedule your showing today!

Do not miss this opportunity! Modern 2-unit building near historical downtown of Melrose Park . Each apartment has 2 spacious bedrooms, in unit laundry, central air and deck. Full unfinished basement and ample parking in the back yard . Convenient location near schools, parks, shops , dining and transportation. Needs some TLC. Sold As Is. . A very nice building to invest in or live in !