NOT LISTED FOR SALE

1311 N 22nd Ave Melrose Park, IL 60160

Estimated Value: $385,000 - $453,000

6 Beds
4 Baths
1,925 Sq Ft
$219/Sq Ft Est. Value

Last Sold June 03, 2021

Last sale price $340,000 $177 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $2,842/month

6 Days on Market

Highlights

  • 2 Car Detached Garage
  • Ceiling Fan
  • Senior Tax Exemptions

About This Home

As of June 2021

Highest and best offers must be received by Saturday March 27, 2021 by 3:00pm. Amazing and extremely rare multi-family two flat in Melrose Park that had an addition to the back of the building. Have peace of mind and save yourself some money, knowing that the vinyl siding and complete tear off roof were installed a little over 1 year ago. The first floor unit is a duplex which consists of the first floor and the basement which is perfect for larger families who appreciate the extra space looking the perfect family room , or for families that love to entertain. If the duplex isn't impressive enough, each unit has its own in-unit laundry and its own central air and eat in kitchens. The first floor unit has 3 bedrooms 1 full bathroom on the first floor, 1 full bathroom in the basement, with major appliances on both the 1st floor and the basement. The second floor is even more rare having a master bedroom with a full master bathroom and 2 more bedrooms. The front and back of the building have enclosed stairs, no more slipping on icey stairs in the winter time. The property can also be a wonderful addition to any investors portfolio as both units are currently occupied by long time tenants. Call and schedule your showing today.

Last Agent to Sell the Property

Jose DeLeon

Epique Realty Inc License #475194420 Listed on: 03/23/2021

Epique Realty Inc

Last Buyer's Agent

Adam Zagata

Real Broker LLC License #475164308

Real Broker LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,031

Year Built

  • Built in 1912

Lot Details

  • 3,311

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Additional Parking
  • Parking Included in Price

Home Design

  • Vinyl Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Full Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Schools

  • Melrose Park Elementary School
  • Stevenson Elementary Middle School
  • Proviso East High School

Additional Features

  • Ceiling Fan
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,031

Year Built

Built in 1912

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1912
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Other Equipment: Ceiling Fan(s), Sump Pump
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0

Exterior Features

  • List Price: 329900
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Additional Parking
  • ParkingTotal: 3
  • Number of Cars: 5
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Schools

  • Elementary School: Melrose Park Elementary School
  • High School: Proviso East High School
  • Middle/Junior School: Stevenson Elementary School
  • Middle/Junior School District: 89

Lot Info

  • Lot Dimensions: 3300
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 3031.27
  • Tax Year: 2019
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2021
Closed on
Apr 22, 2021
Sold by
Colantuono Maddalena and Ferdinando Colantuono 2006 Tru
Bought by
Ortega Mario Louis
Seller's Agent
Jose DeLeon
Epique Realty Inc
Buyer's Agent
Adam Zagata
Real Broker LLC
Sold Price
$340,000
Current Estimated Value
$422,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,068
Avg. Annual Appreciation
5.05%
Original Mortgage
$328,652
Interest Rate
2.62%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 21, 2006
Sold by
Colantuono Ferdinand and Colantuono Maddalena
Bought by
Colantuono Ferdinando and Colantuono Maddalena
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Ortega Mario Louis $340,000 Citywide Title Corporation
Colantuono Ferdinando -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ortega Mario Louis $328,652
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2021 06/03/21 Sold $340,000 +3.1% $177 / Sq Ft
03/28/2021 03/28/21 Pending -- -- --
03/28/2021 03/28/21 For Sale -- -- --
03/22/2021 03/22/21 For Sale $329,900 -- $171 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,536 $29,000 $2,970 $26,030
2023 $5,405 $29,000 $2,970 $26,030
2022 $5,405 $17,541 $2,558 $14,983
2021 $2,841 $17,540 $2,557 $14,983
2020 $2,573 $17,540 $2,557 $14,983
2019 $3,031 $22,187 $2,310 $19,877
2018 $3,026 $22,187 $2,310 $19,877
2017 $2,906 $22,187 $2,310 $19,877
2016 $3,804 $19,495 $2,062 $17,433
2015 $3,934 $19,495 $2,062 $17,433
2014 $3,732 $19,495 $2,062 $17,433
2013 $3,508 $22,477 $2,062 $20,415
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD11029425

Midwest Real Estate Data (MRED)

APN: 15-03-311-004-0000