171 N 25th Avenue, Melrose Park, IL 60160 | MLS 11736596 | Listing Information | J.W. Reedy Realty
FOR SALE
$1,800,000

171 N 25th Avenue
Melrose Park, IL 60160

Other
Commercial
0.42
Acre Lot
1of
Photos
Map
Courtesy: Baird & Warner
J.W. Reedy Realty> Illinois> Melrose Park> 60160
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. **Professional pictures to follow**
11736596
Commercial - Other
1945
Cook
0.42 Acres
Brick,Stone
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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