2069 North 18th Avenue

Melrose Park, IL 60160

$1,100,000
Last Sold Price
20
Beds
12
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Pleased to present this Melrose Park all brick 12-unit multi-family, consisting of 4 one-bedroom garden view and 8 two-bedroom units, in highly stable suburb of Chicago. All 12 units feature spacious rooms. The property gives an Investor the opportunity to acquire a stabilized, strong cash flowing asset. From day one, the new owner could capitalize on the long-term tenant base with an in-place Cap rate of 6.39%. Building is fully occupied. Located within close proximity to major area businesses for...Pleased to present this Melrose Park all brick 12-unit multi-family, consisting of 4 one-bedroom garden view and 8 two-bedroom units, in highly stable suburb of Chicago. All 12 units feature spacious rooms. The property gives an Investor the opportunity to acquire a stabilized, strong cash flowing asset. From day one, the new owner could capitalize on the long-term tenant base with an in-place Cap rate of 6.39%. Building is fully occupied. Located within close proximity to major area businesses for employment possibilities (Jewel Food/Produce Distribution Center - 0.3mi, Gottlieb Memorial Hospital - 1.4mi, Amazon Delivery Station - 1.5mi) and local schools (Rhodes School District 84 1/2 - 1.1mi, West Leyden High School - 4.4mi, Triton College - 1.1mi). Property has 12 parking spaces located in the rear of the building, plus additional driveway and street parking. The 2-bedroom units have hardwood flooring in the living rooms with a dining area off the kitchen. New owner should be able to reduce expenses to provide more NOI. Additional income from on-site coin laundry machines. Ample storage available for both tenant and property owner. Exterior has additional owner storage/work shed. Below market rents offer new buyer further potential rental income.
  1. Listed by Miguel Ruiz • Baird & Warner
  2. Listed by Scott Milliman • Baird & Warner

Sold By Baird & Warner

Property Details for 2069 North 18th Avenue

Area
Melrose Park
Township
Leyden
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 01/04/2024 03:51 PM

Property Details for 2069 North 18th Avenue

StatusClosed
MLS #11719847
Days on Market315
Taxes$23,458 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1966
Lot Size0.22 AC / 9,450 SF
CountyCook County

Location

Add your commute

Building Information for 2069 North 18th Avenue

Stories-Residences12Year Built1966Building Size-Lot Size0.22 AC / 9,450 SF

Payment Calculator

$7,958 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$1,955

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2069 North 18th Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Information: 24-Hr Notice Required,List Broker Must Accompany,No Sign on Property
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Wall Sleeve
  • Electric: Circuit Breakers
  • # Of Washers: 2
  • Heat/Ventilation: Central Bldg Heat,Baseboard
  • # Of Window/Ac: 0
  • # Of Refrigerators: 12
  • Washer/Dryer Lsd: No
  • Misc Inside: Storage Inside,Laundry Room
  • # Of Dryers: 2
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 12.0
Exterior Features
  • Building Unit Info: Smoke/Alarm Detector,Storage/Locker Area
  • Misc Outside: Security Lighting
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Corridor-Interior Entrance,Garden Complex
  • Lot Dimensions: 63X150
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick, Block
  • Roof Type: Rubber
  • Roof Structure: Flat
  • Lot Size Source: Owner
  • # Of Ranges: 12
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Multi-Family
  • Buyer Financing: Conventional, VA
  • Documents Available: Rent Roll,Tax Bill,Operating Statement
  • Public Document Count: 3
  • Document Date: 2023-03-11T14:45:27
  • Photos Count: 5
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Curbs and Gutters,Security Entrance,Sidewalks,Cable Ready
  • Location: Mixed Use Area,In City Limits
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 12
Income & Expenses
  • Electric Expense: $2,449.00
  • Fuel Expense: $8,829.00
  • Gross Income: $128,400.00
  • Gross Scheduled Income: $128,400.00
  • Insurance Expense: $1,800.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Actual
  • Expense Year: 2021
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Janitor Expense: 1500
  • Net Operating Income Year: 2021
  • Trash Expense Source: Actual
  • Total Monthly Income: 10700
  • Water Expense Source: Actual
  • Net Operating Income: $83,091.00
  • Operating Expense: $45,309.00
  • Other Expense: $.00
  • Trash Expense: $3,538.00
  • Water Sewer Expense: $3,735.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 7
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 3
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 2069 North 18th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2069 North 18th Avenue

Taxable ValueLand$13,358Additions$46,387Total$59,745
Tax Record2022$19,656 ($1,638 / month)
Home Facts
Total Finished SqFt6,324 SqFtAbove Grade Finished SqFt6,324 SqFtStories2Lot Size9,542 SqFtStyleMulti-Family Res (5+ Units)Year Built1966CountyCOOKAPN12-34-303-043

Schools near 2069 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
Rating
School
Distance
Rhodes Elementary School
PublicPK to 8

West Leyden High School
Public9 to 12

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Baird & Warner

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 01/04/2024 03:51 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.