4607 Lake Street Melrose Park, IL ^$ 70,000

4607 Lake Street

^$ 70,000

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4607 Lake Street

Melrose Park, IL, 60160

^$ 70,000

Bedrooms-- Baths-- Sq 1,000

Monthly Estimate*

^$ 437

4607 Lake Street, Melrose Park, IL 60160 - Image 1

Commercial Property for sale in Melrose Park, IL

for $70,000. This 1,000 square foot building was built in 1950.

Here is a Restaurant ready for new Owner. Lots of Businesses all around. Busy area. Home Depot, and Swap O'Rama very close. Very busy on weekends. Great place to start if you have bigger dreams of owning and/or expanding later. Excellent spot for a Pick up & delivery Business!! Motivated Seller!

Commercial Active

Price

^$ 70,000

Property Type

Commercial

Taxes

^$ 0

Style

Year Built

1950

Town/City

Melrose Park

County/Region

Cook

MLS | Web ID

12371963

Features

General

Cooling Central Air

Utilities Electricity Available Natural Gas Available Sewer Connected Water Available

Zoning RTAIL

Year Built 1950

Electric Circuit Breakers

Tenant Pays Electricity Heat Scavenger Sewer

Stories Count 1

Township Proviso

Property Subtype Restaurant

Tax Year 2023

County Cook

Net Operating Income 0

Insurance Expense 1085

Property Type Commercial Sale Retail/Stores

Status Active

Directions Lake St west of Mannheim Rd. or east of Wolf Rd to 4607

City Melrose Park

MLS Area Melrose Park

Lot Size Square Feet 0

Tax Annual Amount 0

Electric Expense 350

Fuel Expense 300

Trash Expense 50

Water Sewer Expense 280

Additional Parcels Y/N N

Leasable Area 1000

Standard Status Active

Exterior

Building Area Total 1000

Lot Dimensions 0

* Excluded Features

List By

Northlake Realtors

Broker

rene@reneaguirre.com

Affordability Calculator

$437

Per Month

Monthly Principal & Interest: $437
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Melrose Park, IL

Average List Price ^$434,500

Percent of Sale Price 521%

About Melrose Park, IL

24,829 Population

8% Since 2002

^$47,292 Median Income

33.6 Median Age

42% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/18/2025	$70,000	-6.67%	Price Down
8/4/2025	$75,000	-5.06%	Price Down
5/22/2025	$79,000		Listed Price

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4607 Lake Street, Melrose Park, IL, 60160 is a Commercial Property for sale at $70,000 with 1,000 sqft. 4607 Lake Street was built in 1950. The property's zip code is 60160 which is in Melrose Park, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 12/8/2025.

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4607 Lake Street

Commercial Property for sale in Melrose Park, IL

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