1670 N 1st Avenue Melrose Park, IL $ 869,000
1670 N 1st Avenue
$ 869,000
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1670 N 1st Avenue

Melrose Park, IL, 60160
$ 869,000
Bedrooms11 Baths0.0 Sq 3,510

Monthly Estimate*

$ 5,487

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Multi-Family Home for sale in Melrose Park, IL

for $869,000 with 11 bedrooms. This 3,510 square foot home was built in 1960.

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.

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Multi-Family Active

Price

$ 869,000

Bedrooms

11

Property Type

Multi-Family

Taxes

$ 11,435

Style

Multi-Family

Year Built

1960

Town/City

Melrose Park

County/Region

Cook

MLS | Web ID

12726844

Features
General
Cooling Window Unit(s)
Zoning OTHER
Construction Materials Brick Stone
Year Built 1960
Electric Circuit Breakers
Tenant Pays Electricity
Stories Count 3
Tax Year 2024
Current Use Multi-Family
Gross Income 100680
County Cook
Net Operating Income 89728
Operating Expense 10952
Insurance Expense 3200
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Status New
Directions Cumberland to North Ave JUST SOUTH OF NORTH AVENUE Is N 1st Ave To Building
City Melrose Park
Number Of Units Total 6
MLS Area Melrose Park
Lot Size Square Feet 6840
Tax Annual Amount 11435
Electric Expense 410
Fuel Expense 4100
Trash Expense 1650
Water Sewer Expense 4100
Additional Parcels Y/N N
Standard Status Active
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Interior
Basement None
Total Fireplaces 0
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Exterior
Building Area Total 3510
Lot Dimensions 45X152
Lot Size Acres 0
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* Excluded Features
List By
Century 21 Circle

Broker

kief@mkrdichian.com

Email

Affordability Calculator

$6,440
Per Month
85%
15%
0%
Monthly Principal & Interest
$5,487
Monthly Property Taxes
$953
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/7/2026$869,000 Listed Price

Map


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1670 N 1st Avenue, Melrose Park, IL, 60160 is a Multi-Family Home for sale at $869,000 with 3,510 sqft. 1670 N 1st Avenue has 11 bedrooms, 0.0 baths, and was built in 1960. The property's zip code is 60160 which is in Melrose Park, IL