Melrose Park, IL 60160,113 N 16th AVE
Melrose Park, IL 60160,113 N 16th AVE
Melrose Park, IL 60160,113 N 16th AVE
$340,000
Est. payment /mo
$330,000
3.0%
Est.Price: ?

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5 Beds
SOLD DATE : 05/21/2024

Key Details

Sold Price $340,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 11921632

Sold Date 05/21/24

Bedrooms 5

Year Built 1882

Annual Tax Amount $8,942

Tax Year 2022

Lot Dimensions 52 X 125

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.

Location

State IL

County Cook

Area Melrose Park

Rooms

Basement None

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Garage Detached

Garage Spaces 2.0

Building

Sewer Public Sewer

Water Public

New Construction false

Schools

Elementary Schools Melrose Park Elementary School

Middle Schools Melrose Park Elementary School

High Schools Proviso East High School

School District 89 , 89, 209

Others

Ownership Fee Simple

Special Listing Condition None

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Midwest Real Estate Data (MRED) IDX
Listed by Fernando Arreguin • Alexander Realty LLC
Bought with Nora Luna • HomeSmart Connect LLC

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Jaime Birks

+1(708) 925-2352

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