171 25th Avenue
171 25th Avenue
$1,590,000
30
20
—
—
—
Contingent
Description
Buyer suffered cold feet is your opportunity now to be the new buyer/owner. Price Reduction Prime Melrose Park Multi-Family consisting of a 2-story brick & stone building containing 20 residential apartments (made up of 10 one-bedroom and 10 two-bedroom apartments). All have leases mostly in place early 2024. Has 22 parking spaces. Healthy generating NOI and with further room to grow by decreasing expenses and bringing units closer to market rent. In addition, the 8,000 square foot basement can be...Buyer suffered cold feet is your opportunity now to be the new buyer/owner. Price Reduction Prime Melrose Park Multi-Family consisting of a 2-story brick & stone building containing 20 residential apartments (made up of 10 one-bedroom and 10 two-bedroom apartments). All have leases mostly in place early 2024. Has 22 parking spaces. Healthy generating NOI and with further room to grow by decreasing expenses and bringing units closer to market rent. In addition, the 8,000 square foot basement can be sub divided for further rental income to either tenant storage, or two businesses. Plus, even more additional income is available by finishing the coin operated laundry room on 1st floor by adding 2 washers / 2 dryers, and if separate office space is rented out. This property is ideally located with many employment opportunities, retail, and restaurants all within short walking distance. If you're looking to add a cash cow to your portfolio, this is the one.
- Listed by Miguel Ruiz • Baird & Warner
- Listed by Scott Milliman • Baird & Warner
Property Details for 171 25th Avenue
Area
Melrose Park
TownshipProviso
ZoningMULTI
Location
LISTING UPDATED: 03/27/2024 02:51 PM
Property Details for 171 25th Avenue
Status | Contingent |
---|---|
MLS # | 11796776 |
Days on Market | 321 |
Taxes | $34,993 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Corridor-Exterior Entrance |
Year Built | 1945 |
Lot Size | 0.42 AC / 18,200 SF |
County | Cook County |
Location
Building Information for 171 25th Avenue
Stories-Residences20Year Built1945Building Size-Lot Size0.42 AC / 18,200 SF
Payment Calculator
$11,593 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 171 25th Avenue
Property History for 171 25th Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 171 25th Avenue
Taxable ValueLand$13,339Additions$37,947Total$51,286
Tax Record2022$15,804 ($1,317 / month)
Home Facts
Lot Size11,116 SqFtStyleMulti-Family Res (5+ Units)Year Built1945CountyCOOKAPN15-10-100-073
Schools near 171 25th Avenue
This home is within Proviso Twp Hsd 209 School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 7 |
Rating | School | Distance |
---|---|---|
Melrose Park Elementary School PublicPK to 5 | ||
Stevenson Middle School Public6 to 8 | ||
Proviso East High School Public9 to 12 | ||
Washington Dual Language Academy PublicPK to 7 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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