Sarit Levine
This listing was posted on RealtyWW.
$599,000
N Th Ave, Melrose Park, Home For Sale
Price:
$599,000
BR/BA:
7 BR, 5 BA
Location:
1914 N 18th Ave, Melrose Park, IL
Description:
Welcome to a lucrative opportunity nestled in the heart of Melrose Park, where prime real estate meets exceptional potential. This property offers a blend of comfortable living space and exceptional rental income potential, making it ideal for investors looking to maximize returns in the real estate market, as well as a unique option to have a unit to reside in. This investment gem sits within close proximity to constantly developing shopping centers, major highways, schools, parks, and public transportation. Its strategic location not only enhances its desirability for tenants and investors alike, but also presents long-term appreciation in property value. A well-maintained 4-unit brick building comprises of three spacious 2-bedroom apartments and one large single-bedroom unit. A Large laundry room with coin operated washer and dryer and additional storage for each apartment. A Shed located in the back of the property, along with a common picnic area. The building also has 5 parking spots, a highly-desirable feature in the area. The building is equipped with a newer roof and gutters (2017) as well as new fire-resistant doors. All units are currently occupied by long-term tenants. With the current lower rents, the capitalization rate is 5.84%. With brought up to market value rent, the capitalization rate rises above 7.8%! This property offers investors a rare opportunity for substantial returns on their investment in today's flourishing market. Whether you're looking to diversify your portfolio, generate passive income, or secure a residence with income potential, this investment promises to deliver both financial rewards and lifestyle benefits. One of the owners is a licensed real estate agent.For more details: https://realtyww.info/homes_melrose-park-d535474/for-sale_i73448050
Property Type:
Single-Family Houses
Amenities:
Storage, Washer Dryer
For sale by:
Agent/Broker
Posted:
June 28 on RealtyWW
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More About this Listing: N Th Ave, Melrose Park, Home For Sale
N Th Ave, Melrose Park, Home For Sale is a Seven Bedroom 5.5 Bath Single-Family Homes for Sale at 1914 N 18th Ave in Melrose Park IL. Find other listings like N Th Ave, Melrose Park, Home For Sale and listings near 1914 N 18th Ave by searching Oodle Classifieds for Seven Bedroom 5.5 Bath Single-Family Homes for Sale in Melrose Park IL.
N Th Ave, Melrose Park, Home For Sale is a Seven Bedroom 5.5 Bath Single-Family Homes for Sale at 1914 N 18th Ave in Melrose Park IL. Find other listings like N Th Ave, Melrose Park, Home For Sale and listings near 1914 N 18th Ave by searching Oodle Classifieds for Seven Bedroom 5.5 Bath Single-Family Homes for Sale in Melrose Park IL.