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  • $525,000

    1511 N 16th Ave, Melrose Park, IL 60160

    8beds
    --sqft
    Multi Family
    Built in 1972
    -- sqft lot
    $685,800 Zestimate®
    $--/sqft
    $1,763 Estimated rent

    Home value

    $685,800

    $638,000 - $741,000

    $1,763/mo

    Zestimate® history
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    $1,763/mo

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    $3,766/mo

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    $3,766/mo

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    What's special

    Nestled in the heart of Melrose community, this meticulously maintained 3-flat property offers an exceptional investment opportunity.Whether you're a seasoned investor or a first-time buyer, this property offers a promising return on investment. The well-maintained units and excellent location ensure consistent rental demand. This 3-flat property in Melrose park, is a rare find in today's market. With its well-maintained units, ample parking, and desirable location, it presents an outstanding opportunity for investors seeking both immediate returns and long-term value appreciation. Don't miss out on this gem - schedule a viewing today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Gonzalo Santoyo 847-495-5000,

    HomeSmart Connect LLC

    Bought with:

    Koroll Haley

    Re/Max In The Village

    Source: MRED as distributed by MLS GRID,MLS#: 11903294MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 5
    • Full bathrooms: 3
    • 1/2 bathrooms: 2
    Heating
    • Natural Gas, Radiator(s)
    Features
    • Basement: Finished,Full

    Property

    Parking
    • Total spaces: 6
    • Parking features: Assigned, On Site, Owned
    Lot
    • Size: 4,059 Square Feet
    • Dimensions: 33X123
    Details
    • Parcel number: 15032090400000
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    • Roof: Flat
    Condition
    • New construction: No
    • Year built: 1972

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Lake Michigan

    Community & HOA

    Location
    • Region: Melrose Park

    Financial & listing details

    • Tax assessed value: $450,000
    • Annual tax amount: $11,442
    • Date on market: 12/5/2023
    • Listing terms: Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    3/11/2024Sold$525,000-4.5%
    Source: MRED as distributed by MLS GRID #11903294 Report a problem
    12/21/2023Contingent$549,900
    Source: MRED as distributed by MLS GRID #11903294 Report a problem
    12/2/2023Price change$549,900-5.2%
    Source: MRED as distributed by MLS GRID #11903294 Report a problem
    10/6/2023Listed for sale$580,000
    Source: MRED as distributed by MLS GRID #11903294 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$11,106 +2.5%$45,000 +0%
    2023$10,832 -3.6%$44,999 +12.8%
    2022$11,242 -1.8%$39,901
    2021$11,442 +2.2%$39,901
    2020$11,193 +0.8%$39,901 +5.9%
    2019$11,101 +0.4%$37,674
    2018$11,059 +2.1%$37,674
    2017$10,829 +15.3%$37,674 +18.5%
    2016$9,392 +2%$31,800
    2015$9,207 +3%$31,800
    2014$8,937 -1.6%$31,800 -9.1%
    2013$9,086 +3.1%$35,000
    2012$8,816 +1.9%$35,000
    2011$8,656 +0.3%$35,000 -20.3%
    2010$8,628 +6%$43,918
    2009$8,142 +16.2%$43,918 -5%
    2008$7,009 -7.4%$46,230 +3.6%
    2007$7,572 +1.8%$44,627
    2006$7,439 +2.4%$44,627
    2005$7,266 +33.3%$44,627 +57.4%
    2004$5,451 +2.3%$28,344
    2003$5,329 -4%$28,344
    2002$5,553 +12.7%$28,344 +6.7%
    2001$4,926 +3.4%$26,558
    2000$4,766 $26,558
    1999$4,766 $26,558
    Find assessor info on the county website

    Neighborhood: 60160

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • 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
    $685,800
    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
    $685,800