1914 N 18th Avenue, Melrose Park, IL 60160
Local realty services provided by:Better Homes and Gardens Real Estate Connections
1914 N 18th Avenue,Melrose Park, IL 60160
$559,000
- 7 Beds
- 5 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by:sarit levine
Office:altogether realty corporation
MLS#:12429437
Source:MLSNI
Price summary
- Price:$559,000
About this home
Welcome to a lucrative investment opportunity nestled in the heart of Melrose Park, where prime real estate meets exceptional potential. A well-maintained 4-unit brick building comprised of 3 beautifully renovated 2-bedroom apartments and one 1-bedroom apartment. Onsite is A large laundry room with coin operated washer and dryer and additional storage for each apartment. Other features of this impressive property include a sump pump, newer roof and gutters (2017), new appliances (2025), new light fixtures (2025), new flooring (2025), new fire-resistant doors, newer water heater, 5 parking spots, as well as a Shed and a picnic area on the premises for the tenants to enjoy. 2 out of the 4 units are currently occupied, while the other 2 are vacant and newly remodeled and offer great potential to either rent at market value or to occupy one of the specious units. This property offers investors a rare opportunity for substantial returns on their investment in today's flourishing market. With all units rented at the market rate the capitalization rate is at an astonishing 10 percent. This investment gem sits within close proximity to shopping centers, central highways, schools, public 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. Whether you're looking to be a homeowner getting additional income, 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.
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Home facts
- Year built:1970
- Listing Id #:12429437
- Added:20 day(s) ago
- Updated:August 13, 2025 at 07:45 AM
Rooms and interior
- Bedrooms:7
- Total bathrooms:5
- Full bathrooms:5
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1970
Schools
- Middle school:Rhodes Elementary School
- Elementary school:Rhodes Elementary School
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$559,000
- Tax amount:$13,450 (2023)
Copyright 2025 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.New listings near 1914 N 18th Avenue
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