BEDS0
BATHS
SQUARE FEET3,510
MLS#12726844
STATUSContingent
PROPERTY TYPEMulti Unit - Multiple
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Lot Size: 0.16 Acres
Stories: 3.0
Taxes: $11,435
Year Built: 1960
Feature Descriptions
Current Use: Multi-Family
Drains: Enclosed Stairs
Electric: Circuit Breakers
Exterior: Brick, Stone
HVAC: Gas, Hot Water, Baseboard
Lot Dimensions: 45X152
Miscellaneous Indoor: Laundry Room
Miscellaneous Outdoor: Enclosed Stairs
Parcel#: 15021110910000
Parking: 6-12 Spaces, Paved
Tenant Pays: Electricity
Units: 6
Listed By / Shown By
Listed By
Agency Name: Century 21 Circle
Agency Phone: 773-465-4200
Shown By
Agent Name: Pat Bellinghiere
Agent Phone: (815) 871-1745
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 5,153.64 per month $3,947.27 Principal & Interest $952.92 Property Tax $253.46 Homeowner's InsuranceChange Payment Information
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1670 N 1st Avenue | MLS# 12726844
This multi-family property located at 1670 N 1st Avenue, Melrose Park, IL 60160 is currently listed for sale with an asking price of $869,000. Search Melrose Park real estate on pbellinghiere.gogambino.com today.