1912 North 18th Avenue
1912 North 18th Avenue
$574,000
5
4
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Description
Welcome to a lucrative investment opportunity nestled in the heart of Melrose Park, where prime real estate meets exceptional potential. This investment gem sits within close proximity to shopping centers, central 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 single-bedroom apartments...Welcome to a lucrative investment opportunity nestled in the heart of Melrose Park, where prime real estate meets exceptional potential. This investment gem sits within close proximity to shopping centers, central 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 single-bedroom apartments and one large 2-bedroom unit. Apartments are all in excellent condition with some recent undergone renovations. A Large laundry room with coin operated washer and dryer and additional storage for each apartment is on site. There are 6 parking spots for the tenant's use, as well as newer roof and gutters (2017), new fire-resistant doors and newer water heater. All units are currently occupied by long-term tenants and the rent amount is below the current market value. With brought up to market value rent, the capitalization rate is above 6%. This property offers investors a rare opportunity for substantial returns on their investment in today's flourishing market. Whether you're an experienced investor seeking to diversify your portfolio or a newcomer looking to capitalize on the real estate market's potential. Look no further because this opportunity combined with a very strong rental market demand grants both immediate return on investment and long-term growth. One of the owners is a licensed real estate agent and occupies one apartment.
- Listed by Sarit Levine • Altogether Realty Corporation
Property Details for 1912 North 18th Avenue
Area
Melrose Park
TownshipLeyden
OwnershipFee Simple
Num Of Parking Spaces6.0
Parking Included in PriceYes
Heat/FuelNatural Gas
Location
LISTING UPDATED: 05/02/2024 12:07 AM
Property Details for 1912 North 18th Avenue
Status | Active |
---|---|
MLS # | 12017190 |
Days on Market | 31 |
Taxes | $7,778 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 4 Flat |
Year Built | 1960 |
Lot Size | 0.12 AC / 5,262 SF |
County | Cook County |
Location
Building Information for 1912 North 18th Avenue
Stories-Residences4Year Built1960Building Size-Lot Size0.12 AC / 5,262 SF
Payment Calculator
$3,781 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1912 North 18th Avenue
Property History for 1912 North 18th 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 1912 North 18th Avenue
Taxable ValueLand$3,458Additions$17,120Total$20,578
Tax Record2021$7,778 ($648 / month)
Home Facts
Baths4Total Finished SqFt3,231 SqFtAbove Grade Finished SqFt3,231 SqFtStories1Lot Size5,320 SqFtStyleMulti-Family Res (5+ Units)Year Built1960CountyCOOKAPN12-34-306-067
Schools near 1912 North 18th Avenue
This home is within Rhodes School District 84-5.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Private - | K to 12 | |||
Private - | PK to 8 |
Rating | School | Distance |
---|---|---|
Rhodes Elementary School PublicPK to 8 | ||
West Leyden High School Public9 to 12 | ||
Word of God Christian Academy PrivateK to 12 | ||
Sacred Heart Catholic School PrivatePK to 8 |
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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