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  • $340,000

    113 N 16th Ave, Melrose Park, IL 60160

    4beds
    --sqft
    Multi Family
    Built in 1882
    -- sqft lot
    $403,500 Zestimate®
    $--/sqft
    $2,129 Estimated rent

    Home value

    $403,500

    $371,000 - $440,000

    $2,129/mo

    Zestimate® history
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    What's special

    Brand-new electrical systemThoughtful remodeling
    Investor's Dream in Prime Melrose Park Location! This meticulously maintained 2-unit building, 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. 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 and amenities. 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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Fernando Arreguin 773-392-3657,

    Alexander Realty LLC

    Bought with:

    Nora Luna

    HomeSmart Connect LLC

    Source: MRED as distributed by MLS GRID,MLS#: 11921632MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • Natural Gas, Forced Air
    Features
    • Basement: None

    Property

    Parking
    • Total spaces: 8
    • Parking features: On Site, Garage Owned, Detached, Owned, Garage
    • Garage spaces: 2
    Lot
    • Size: 6,500 Square Feet
    • Dimensions: 52 X 125
    Details
    • Additional parcels included: 15102150140000
    • Parcel number: 15102150130000
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    Condition
    • New construction: No
    • Year built: 1882
    • Major remodel year: 2022

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Melrose Park

    Financial & listing details

    • Tax assessed value: $39,620
    • Annual tax amount: $8,942
    • Date on market: 11/1/2023
    • Listing terms: Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    5/21/2024Sold$340,000+3%
    Source: MRED as distributed by MLS GRID #11921632 Report a problem
    3/28/2024Contingent$330,000
    Source: MRED as distributed by MLS GRID #11921632 Report a problem
    12/20/2023Listed for sale$330,000
    Source: MRED as distributed by MLS GRID #11921632 Report a problem
    12/18/2023Contingent$330,000
    Source: MRED as distributed by MLS GRID #11921632 Report a problem
    12/7/2023Listed for sale$330,000
    Source: MRED as distributed by MLS GRID #11921632 Report a problem
    11/20/2023Contingent$330,000
    Source: MRED as distributed by MLS GRID #11921632 Report a problem
    11/1/2023Listed for sale$330,000-4.3%
    Source: MRED as distributed by MLS GRID #11921632 Report a problem
    11/1/2023Listing removed--
    Source: MRED as distributed by MLS GRID #11760861 Report a problem
    10/19/2023Listed for sale$344,900
    Source: MRED as distributed by MLS GRID #11760861 Report a problem
    10/11/2023Contingent$344,900
    Source: MRED as distributed by MLS GRID #11760861 Report a problem
    10/1/2023Price change$344,900-1.4%
    Source: MRED as distributed by MLS GRID #11760861 Report a problem
    6/29/2023Price change$349,900-18.6%
    Source: MRED as distributed by MLS GRID #11760861 Report a problem
    4/17/2023Listed for sale$429,900
    Source: MRED as distributed by MLS GRID #11760861 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$1,055 +2.5%$3,962
    2023$1,030 +34.9%$3,962 +60%
    2022$763 -1.5%$2,477
    2021$775 +2.9%$2,477
    2020$753 +0.5%$2,477 +7.1%
    2019$750 +0.4%$2,312
    2018$747 +2.3%$2,312
    2017$730 +2.2%$2,312 +3.7%
    2016$714 +1.6%$2,229
    2015$703 +3.2%$2,229
    2014$681 +8.9%$2,229
    2013$626 +3.5%$2,229
    2012$605 +3.4%$2,229
    2011$585 -9.1%$2,229 -21%
    2010$643 +1.3%$2,823
    2009$635 +7.1%$2,823 -5%
    2008$593 +3.6%$2,972 +4.6%
    2007$572 +0.8%$2,840
    2006$567 +2.6%$2,840
    2005$553 -0.1%$2,840 +5.9%
    2004$553 +2.7%$2,681
    2003$539 +2.6%$2,681
    2002$525 +1.1%$2,681 +8.5%
    2001$520 +3.5%$2,470
    2000$502 -3.5%$2,470
    1999$520 $2,470
    Find assessor info on the county website

    Neighborhood: 60160

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Melrose Park Elementary School
    • Middle: Melrose Park Elementary School
    • High: Proviso East High School
    • District: 89

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $403,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $403,500