1670 N 1st Avenue, Melrose Park, IL

$869,000

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About 1670 N 1st Avenue

Prime Investment Opportunity - Well-Maintained 6-Unit Brick Building Outstanding location! This attractive, free-standing ALL brick and stone 6-unit building has an exceptional rental history and has never been vacant. Conveniently located just steps from the new Amazon Fulfillment Center, this property offers strong rental demand and excellent investment potential. The building features: Five spacious 2-bedroom units, One 1-bedroom unit, A total of 10 parking spaces Recent improvements include: New concrete driveway with parking for 4 vehicles in front and 2 New Concrette-car parking in the rear, plus asphalt parking for the remaining spaces Total (10 Car Parking), ALL New Roof, gutters, and aluminum soffits, Some newe windows, Several updated bathrooms, New owned coin-operated washer and dryer, providing additional income, Newer tuckpointing, Current rents offer significant upside potential, as all rents include heat and cooking gas. With market-rate adjustments, a new owner may have the opportunity to substantially increase rental income. Ideally located near shopping, transportation, restaurants, and other everyday conveniences, this is a rare opportunity to acquire a solid, income-producing property in a high-demand location.

Features of 1670 N 1st Avenue

MLS® # 12726844
Price $869,000
Bathrooms 0.00
Year Built 1960
Type Commercial Sale
Sub-Type Multi Family 5+
Status Contingent

Community Information

Address 1670 N 1st Avenue
Area Melrose Park
City Melrose Park
County Cook
State IL
Zip Code 60160

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Window Unit(s)
Fireplace No
Has Basement No
Basement None

Exterior

Exterior Brick, Stone

Additional Information

Days on Market 7
Zoning OTHER
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCentury 21 Circle

Listing Map

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