Contingent
171 N 25th Avenue
Melrose Park IL, 60160
$1,590,000
Contingent
Commercial
Built in 1945
Courtesy of Baird & Warner
Buyer suffered cold feet is your opportunity now to be the new buyer/owner. **Price Reduction** Prime Melrose Park Multi-Family consisting of a 2-story brick & stone building containing 20 residential apartments (made up of 10 one-bedroom and 10 two-bedroom apartments). All have leases mostly in place early 2024. Has 22 parking spaces. Healthy generating NOI and with further room to grow by decreasing expenses and bringing units closer to market rent. In addition, the 8,000 square foot basement can be sub divided for further rental income to either tenant storage, or two businesses. Plus, even more additional income is available by finishing the coin operated laundry room on 1st floor by adding 2 washers / 2 dryers, and if separate office space is rented out. This property is ideally located with many employment opportunities, retail, and restaurants all within short walking distance. If you're looking to add a cash cow to your portfolio, this is the one.
11796776
MLSⓇ ID
June 1, 2023
Listed
May 9, 2024
Updated
Map
171 N 25th Avenue
Melrose Park IL, 60160
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Wall Sleeve
Heating
No
Exterior/Building Features
Lot Size
0.42 Acres
Roof
Composition, Membrane, Rubber, Varies
Other Property Details
Area Name
Melrose Park
Taxes
$34,993
Tax Frequency
Annually
Days on Market
331
Garage
No
View
No
County
Cook
Municipality
Proviso
Pool
No
Zoning
MULTI
Buyer Agency Compensation
2.0 %-$395 MLS
Listing History
Date | Event | Price |
|---|---|---|
2/7/2024 | Under Contract | — |
2/6/2024 | Under Contract | — |
1/12/2024 | Active | — |
1/2/2024 | Under Contract | — |
Courtesy of Baird & Warner, Miguel Ruiz,
Listing Contact: 847-528-7090
The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than NiKo Collaborative are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Based on information submitted to the MLS GRID for MRED 5/9/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.
Data last updated 6:52 AM UTC, 5/9/2024
