2069 North 18th Avenue
2069 North 18th Avenue
$1,100,000
20
12
—
—
—
Closed 12/27/23
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.
- Listed by Miguel Ruiz • Baird & Warner
- Listed by Scott Milliman • Baird & Warner
Sold By Baird & Warner
Property Details for 2069 North 18th Avenue
Area
Melrose Park
TownshipLeyden
ZoningMULTI
Location
LISTING UPDATED: 01/04/2024 03:51 PM
Property Details for 2069 North 18th Avenue
Status | Closed |
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MLS # | 11719847 |
Days on Market | 315 |
Taxes | $23,458 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Corridor-Interior Entrance |
Year Built | 1966 |
Lot Size | 0.22 AC / 9,450 SF |
County | Cook County |
Location
Building Information for 2069 North 18th Avenue
Stories-Residences12Year Built1966Building Size-Lot Size0.22 AC / 9,450 SF
Payment Calculator
$7,958 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2069 North 18th Avenue
Property History for 2069 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 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 |
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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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