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1207 N 16th Avenue Melrose Park, IL $ 295,000
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1207 N 16th Avenue
$ 295,000
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1207 N 16th Avenue

Melrose Park, IL, 60160
$ 295,000
Bedrooms5 Baths3.1

Monthly Estimate*

$ 1,840

​

Multi-Family Home for sale in Melrose Park, IL

for $295,000 with 5 bedrooms and 3 full baths, 1 half bath. This home was built in 1898.

Great investment opportunity in Melrose Park! This well-maintained 2-flat offers strong income potential and flexibility for both investors and owner-occupants. The property features two separate units, each with spacious layouts, ample natural light, and functional floor plans. Full basement provides additional storage and potential value-add opportunities. Located on a quiet residential street with convenient access to major highways, public transportation, schools, shopping, and dining. Ideal for investors looking to generate rental income or buyers seeking a live-in investment.

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Multi-Family Active

Price

$ 295,000

Bedrooms

5

Full Bath

3

Half Bath

1

Property Type

Multi-Family

Taxes

$ 6,756

Style

Year Built

1898

Town/City

Melrose Park

County/Region

Cook

MLS | Web ID

12534082
Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing
Garage Spaces 2
Construction Materials Vinyl Siding
Year Built 1898
Township Proviso
Tax Year 2023
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 10
Status New
Directions DIVISION ST TO 16TH AVE SOUTH TO PROPERTY
City Melrose Park
High School District 209
MLS Area Melrose Park
Tax Annual Amount 6756
Standard Status Active
Middle/Junior School District 89
Elementary School District 89
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Interior
Basement Unfinished Full
Total Bedrooms 5
Total Baths 3
Bedrooms Possible 5
Full Baths Building 2
Half Baths Building 1
Total Number of Units 2
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Exterior
Parking Features Detached Garage
Water Source Lake Michigan
Total Parking 2
Lot Dimensions 52x125
Waterfront Y/N N
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* Excluded Features
List By
Kawash Group

Broker

anthony@kawashgroup.com

Email

Affordability Calculator

$2,403
Per Month
77%
23%
0%
Monthly Principal & Interest
$1,840
Monthly Property Taxes
$563
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/17/2025$295,000 Listed Price

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1207 N 16th Avenue, Melrose Park, IL, 60160 is a Multi-Family Home for sale at $295,000. 1207 N 16th Avenue has 5 bedrooms, 3.1 baths, and was built in 1898. The property's zip code is 60160 which is in Melrose Park, IL

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