IL > Melrose Park
Melrose Park, IL 60160,1914 N 18th Avenue
Melrose Park, IL 60160,1914 N 18th Avenue
Melrose Park, IL 60160,1914 N 18th Avenue
Melrose Park, IL 60160,1914 N 18th Avenue
Melrose Park, IL 60160,1914 N 18th Avenue
Melrose Park, IL 60160,1914 N 18th Avenue
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Serene Realty, Inc

Serene Realty, Inc

+1(312) 650-7940
$ 559,000
Est. payment | /mo

7 Beds

Save
$ 559,000
Est. payment | /mo
Save

7 Beds

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12429437

Bedrooms 7

Year Built 1970

Annual Tax Amount $13,450

Tax Year 2023

Lot Dimensions 5552

Property Sub-Type Two to Four Units

Property Description

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.

Location

State IL

County Cook

Rooms

Basement None

Interior

Heating Natural Gas

Fireplace N

Exterior

View Y/N true

Building

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

Elementary Schools Rhodes Elementary School

Middle Schools Rhodes Elementary School

School District 84.5, 84.5, 212

Others

Ownership Fee Simple

Special Listing Condition None

© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Sarit Levine • Altogether Realty Corporation
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(312) 650-7940

info@serenerealtyinc.com

2600 S. Michigan Ave., STE 102, Chicago, IL, 60616, United States

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1914 N 18th Avenue