101 N 23 Avenue Melrose Park, IL $ 475,000
101 N 23 Avenue
$ 475,000
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101 N 23 Avenue

Melrose Park, IL, 60160
$ 475,000
Bedrooms5 Baths3.0 Sq 2,379

Monthly Estimate*

$ 2,963

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Multi-Family Home for sale in Melrose Park, IL

for $475,000 with 5 bedrooms and 3 full baths. This 2,379 square foot home was built in 1933.

***PLEASE CLICK ON THE VIRTUAL TOUR LINKS...THERE IS ONE LINK PER UNIT*** This charming 3 Unit building is nestled in the heart of Melrose Park, offering a fantastic opportunity for investors or multi-family living. Here is your opportunity to own a part of Melrose Park History via this 3 Unit property on an OVERSIZED LOT, with ample parking. Forget the hassle of street parking! This property provides an oversized- three car garage, four exterior parking spaces, and plenty of convenient off-street parking, ensuring residents have a designated spot for their vehicles. All units are on month-to-month rental agreements with occupants, with NO LEASES in place which gives new ownership the opportunity for rental growth in an area with high rental demand. Occupants are longtime family friends that have grandfathered in rents. Amazing location near schools, parks, restaurants, shops, public transportation and so much more. With three units, this property offers an excellent opportunity for generating multiple income streams. Whether you decide to rent out all units or live in one and rent out the others, the potential for substantial returns is within reach. This may be the one you'll want to call home or add to your portfolio.

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Multi-Family Contingent

Price

$ 475,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 8,055

Style

Year Built

1933

Town/City

Melrose Park

County/Region

Cook

MLS | Web ID

12443661

Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing
Roof Asphalt
Garage Spaces 3
Construction Materials Brick
Year Built 1933
Township Proviso
Tax Year 2023
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Contingency Attorney/Inspection
Total Rooms 17
Status Contingent
Directions LAKE ST (East of 25th) TO 23RD AVE; SOUTH TO PROPERTY
City Melrose Park
High School District 209
MLS Area Melrose Park
Tax Annual Amount 8055.2
Additional Parcels Y/N N
Virtual Tour https://my.matterport.com/show/?m=aT6Ymp6L8Hh
Standard Status Active Under Contract
Middle/Junior School District 89
Elementary School District 89
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Interior
Basement Unfinished Full Walk-Out Access
Total Bedrooms 5
Room Type Utility Room-Lower Level
Total Baths 3
Bedrooms Possible 5
Full Baths Building 3
Half Baths Building 0
Total Number of Units 3
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Exterior
Parking Features On Site Garage Owned Detached Owned Garage
Lot Features Corner Lot
Water Source Public
Total Parking 7
Lot Dimensions 2644
Waterfront Y/N N
Other Equipment Water Heater-Gas
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* Excluded Features
List By
Prosales Realty

Broker

myrealtorangelr@gmail.com

Email

Affordability Calculator

$3,635
Per Month
82%
18%
0%
Monthly Principal & Interest
$2,963
Monthly Property Taxes
$671
Monthly Home Insurance
--
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
564958 Elementary School
567770 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/12/2025$475,000 Listed Price

Map


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101 N 23 Avenue, Melrose Park, IL, 60160 is a Multi-Family Home for sale at $475,000 with 2,379 sqft. 101 N 23 Avenue has 5 bedrooms, 3.0 baths, and was built in 1933. The property's zip code is 60160 which is in Melrose Park, IL