31
See all 30 photos
$550,000
Est. payment /mo
5 BD
3 BA
New
101 N 23 AVE Melrose Park, IL 60160
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UPDATED:
01/04/2025 08:57 AM
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12264337
Bedrooms 5
Year Built 1933
Annual Tax Amount $8,055
Tax Year 2023
Lot Dimensions 2644
Property Description
***PLEASE CLICK ON THE VIRTUAL TOUR LINKS...THERE IS ONE LINK PER UNIT***THIS ONE WILL NOT LAST!!! This charming 3 Unit building is nestled in the heart of Melrose Park, offering a fantastic opportunity for investors or multi-family living. Here is your opportunity to own a part of Melrose Park History via this 3 Unit property on an OVERSIZED LOT, with ample parking. Forget the hassle of street parking! This property provides an oversized- three car garage, four exterior parking spaces, and plenty of convenient off-street parking, ensuring residents have a designated spot for their vehicles. All units are on month-to-month rental agreements with occupants, with NO LEASES in place which gives new ownership the opportunity for rental growth in an area with high rental demand. Occupants are longtime family friends that have grandfathered in rents. Amazing location near schools, parks, restaurants, shops, public transportation and so much more. With three units, this property offers an excellent opportunity for generating multiple income streams. Whether you decide to rent out all units or live in one and rent out the others, the potential for substantial returns is within reach. This may be the one you'll want to call home or add to your portfolio. Sold AS-IS.
Location
State IL
County Cook
Area Melrose Park
Rooms
Basement Full, Walkout
Interior
Heating Natural Gas
Equipment Water Heater-Gas
Fireplace N
Exterior
Parking Features Detached
Garage Spaces 3.0
Roof Type Asphalt
Building
Lot Description Corner Lot
Dwelling Type Two to Four Units
Sewer Public Sewer
Water Public
New Construction false
Schools
School District 89 , 89, 209
Others
Ownership Fee Simple
Special Listing Condition None
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Angel Rosales • PROSALES REALTY
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