NOT LISTED FOR SALE

1002 N 19th Ave Melrose Park, IL 60160

15 Beds
9 Baths
-- Sq Ft
1934 Built

Last Sold February 26, 2021

Last sale price $720,000

119 Days on Market

About This Home

As of February 2021

Great property with historic significance as this was once the mayors house. The property was renovated in the mid 50s and added three flats to the rear of the original house. The property is composed of mostly brick construction. It has concrete flat work and off-street parking. Located only two blocks from Downtown shops and one block from the library. It is located on the main thoroughfare which is Broadway also known as 19th Ave. It has a complete new roof within the past few years. It offers individual electric and gas service meters for all units and low water prices. This combined with high rents for the area provides a return on investment of over 8%. It has a unique owners apartment with an outdoor deck and great sitting area with terrific views and an exclusive loft owners suite. It is nicely situated on a corner lot with nice Parkway grass areas. This property is offered at $774,999. It is ideal for an owner operator or for an investment group."

Last Agent to Sell the Property

Brandon Theodore

Stonetrust Realty Group, Inc. License #471018598 Listed on: 09/11/2020

Last Buyer's Agent

Tim Scannell

Pearson Realty Group License #471003149

Pearson Realty Group

Property Details

Home Type

  • Multi-Family

Year Built

  • 1934

Home Design

  • Brick Exterior Construction
  • Cedar

Additional Features

  • Basement Window Egress
  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Tenant pays for air conditioning, electric, heat

Property Details

Home Type

Multi-Family

Year Built

1934

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Potential Use: Residential-Multi-Family
  • Estimated Age: Older
  • Net Operating Income Year: 2019
  • Outdoor Parking: 6-12 Spaces
  • Total Annual Income: 94980
  • Total Monthly Income: 7915
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Window A C: 6
  • Number Of Stories: 3
  • Estimated Year Built: 1934
  • Type Multi Family: Corridor-Interior Entrance, Courtyard
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1934

Interior Features

  • Basement: Finished, Egress Window

Exterior Features

  • Exterior Building Type: Brick, Cedar
  • Construction: Brick

Garage/Parking

  • Number Of Parking Spaces: 11

Utilities

  • Air Conditioner: Wall Sleeve
  • Heatventilation: Hot Water, Baseboard

Condo/Co-op/Association

  • Units in Building: 6
  • Conversion YN: Y

Fee Information

  • Electrical Service: Circuit Breakers, Separate Meters, 101-200 Amps

Lot Info

  • Lot Dimensions: 40X125
  • Land Amenities: Sidewalks
  • Parcel Identification Number: 15033370130000

Rental Info

  • Gross Rental Income: 94980
  • Tenant Pays: Air Conditioning, Electric, Heat

Multi Family

  • Expense Year: 2019
  • Number Of Dishwashers: 1
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 9474.69

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2021 02/26/21 Sold $720,000 -7.1% --
01/08/2021 01/08/21 Pending -- -- --
12/10/2020 12/10/20 For Sale $774,999 0.0% --
12/03/2020 12/03/20 For Sale $774,999 0.0% --
12/01/2020 12/01/20 Pending -- -- --
10/15/2020 10/15/20 Price Changed $774,999 -10.8% --
09/11/2020 09/11/20 For Sale $869,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10854003

Midwest Real Estate Data (MRED)