113 N 16th Avenue, Melrose Park, IL 60160 | MLS 11921632 | Listing Information | J.W. Reedy Realty
Contingent
$330,000

113 N 16th Avenue
Melrose Park, IL 60160

Multi-Family
Residential
5
Beds
4
Baths
N/A
Acre Lot
1of
Photos
Map
Courtesy: Alexander Realty LLC
J.W. Reedy Realty> Illinois> Melrose Park> 60160
Investor's Dream in Prime Melrose Park Location! This meticulously maintained 2-unit building, with the potential to convert into a 3-unit gem, promises not only immediate returns but also substantial future income. Situated in an excellent location, this property stands as a testament to smart real estate investing. With a strong history of generating revenue, the possibility of expanding to a third unit opens up even greater earning potential. Recent upgrades, including a brand-new electrical system and HVAC, ensure efficiency and cost savings for years to come. Thoughtful remodeling has added a fresh, appealing aesthetic, attracting quality tenants. Each unit enjoys its own separate utility meters, including water, providing convenience and transparency for both landlord and tenants. Situated on a double lot, there's ample room for outdoor parking, amenities, or potential future expansion. This property is being sold in As Is Condition, presenting an opportunity for investors to capitalize on potential value-add improvements. Nestled in the heart of Melrose Park, this property is surrounded by a thriving community and offers easy access to amenities, schools, and transportation. With its income-generating potential, recent upgrades, and strategic location, this property is poised to be a lucrative addition to any investor's portfolio. Don't miss out on this prime investment opportunity.
11921632
Residential - Multi-Family, Other
5
4
1882
Cook
Public
Vinyl siding
Public Sewer
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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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