1670 N 1st AVE, Melrose Park, IL 60160
1670 N 1st AVE, Melrose Park, IL 60160
1670 N 1st AVE, Melrose Park, IL 60160
23
Listed by Kief Mkrdichianof Century 21 Circle
Bought with Katherine McCraren of @properties Christie's International Real Estate
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Est.Price: ?

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3,510 SqFt

1670 N 1st AVE Melrose Park, IL 60160

Est. payment /mo

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Key Details

Sold Price -

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

Square Footage 3,510 sqft

MLS Listing ID 12726844

Sold Date -

Year Built 1960

Annual Tax Amount $11,435

Tax Year 2024

Lot Dimensions 45X152

Property Sub-Type Multi Family 5+

Property Description

Prime Investment Opportunity - Well-Maintained 6-Unit Brick Building Outstanding location! This attractive, free-standing ALL brick and stone 6-unit building has an exceptional rental history and has never been vacant. Conveniently located just steps from the new Amazon Fulfillment Center, this property offers strong rental demand and excellent investment potential. The building features: Five spacious 2-bedroom units, One 1-bedroom unit, A total of 10 parking spaces Recent improvements include: New concrete driveway with parking for 4 vehicles in front and 2 New Concrette-car parking in the rear, plus asphalt parking for the remaining spaces Total (10 Car Parking), ALL New Roof, gutters, and aluminum soffits, Some newe windows, Several updated bathrooms, New owned coin-operated washer and dryer, providing additional income, Newer tuckpointing, Current rents offer significant upside potential, as all rents include heat and cooking gas. With market-rate adjustments, a new owner may have the opportunity to substantially increase rental income. Ideally located near shopping, transportation, restaurants, and other everyday conveniences, this is a rare opportunity to acquire a solid, income-producing property in a high-demand location.

Location

State IL

County Cook

Zoning OTHER

Rooms

Basement None

Interior

Cooling Window Unit(s)

Fireplace Y

Exterior

View Y/N true

Building

Sewer Public Sewer

Structure Type Brick,Stone

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