NOT LISTED FOR SALE

1313 N 20th Ave Melrose Park, IL 60160

Estimated Value: $364,000 - $497,000

5 Beds
3 Baths
1,350 Sq Ft
$325/Sq Ft Est. Value

Last Sold December 15, 2023

Last sale price $415,000 $307 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,904/month

2 Days on Market

Highlights

  • Fenced Yard
  • Brick Porch or Patio
  • Forced Air Heating System
  • 2.5 Car Detached Garage

About This Home

As of December 2023

Back On Market, Buyers Financing Fell Through! Welcome to your next investment opportunity or your new home sweet home! This charming brick 2-unit building, meticulously rehabbed in 2015, combines classic architecture with modern convenience, offering the perfect blend of comfort and style. The timeless appeal of the brick exterior sets the tone for this well-maintained property. It not only adds to the curb appeal but also provides durability and low maintenance. Step inside to discover beautifully rehabbed interiors. The 2015 renovation spared no expense, resulting in a fresh and inviting space for both units. Each unit boasts generously sized living rooms, perfect for relaxation and entertainment. The open layout design ensures a seamless flow between the living, dining, and kitchen areas. Rich engineered hardwood floors grace unit 2 while luxury vinyl plank floors are featured in unit 1, adding warmth and character to the living spaces while ensuring easy cleaning and maintenance. Bedrooms in both units are well-appointed, offering comfort and tranquility for a good night's sleep. Enjoy the convenience of a private backyard and patio area, perfect for outdoor gatherings, gardening, or relaxation. Nestled in a desirable neighborhood, this property enjoys easy access to schools, parks, shopping, and public transportation. It's a true gem for both investors and families looking for a convenient and vibrant community. Whether you're an investor looking for steady rental income or an owner-occupant seeking additional rental income to offset your mortgage, this property is a sound financial choice.

Last Agent to Sell the Property

Rich Dalitto

Fulton Grace Realty License #475160541 Listed on: 11/10/2023

Fulton Grace Realty

Last Buyer's Agent

Jesse Macias

Parks Homes Real Estate Inc License #471005523

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,186

Year Built

  • Built in 1961 | Remodeled in 2015

Lot Details

  • Lot Dimensions are 44x125
  • Fenced Yard

Parking

  • 2.5 Car Detached Garage
  • Carport
  • Garage Door Opener
  • On-Street Parking
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Brick Porch or Patio

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,186

Year Built

Built in 1961 | Remodeled in 2015

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: 1961
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2015
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2015

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Description: Finished,Exterior Access
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 1

Exterior Features

  • ExteriorFeatures: Brick Paver Patio
  • Foundation Details: Concrete Perimeter
  • List Price: 439900
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2.5
  • Parking Features: Side Apron
  • ParkingTotal: 4.5
  • Garage Details: Garage Door Opener(s),Carport
  • 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, Forced Air
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 89

Lot Info

  • Lot Dimensions: 44X125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 2
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 6185.62
  • Tax Year: 2021
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2023
Closed on
Dec 12, 2023
Sold by
Barone Michael and Barone Dominique
Bought by
Solano Juan and Solano Ofelia
Seller's Agent
Rich Dalitto
Fulton Grace Realty
Buyer's Agent
Jesse Macias
Parks Homes Real Estate Inc
List Price
$439,900
Sold Price
$415,000
Premium/Discount to List
-$24,900
-5.66%
Views
252
Current Estimated Value
$438,699

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,699
Avg. Annual Appreciation
3.03%
Original Mortgage
$311,250
Outstanding Balance
$306,211
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$132,488

Purchase Details

Listed on
Nov 10, 2023
Closed on
Oct 26, 2023
Sold by
Taglia Louis F
Bought by
Barone Michael and Barone Dominique
Seller's Agent
Rich Dalitto
Fulton Grace Realty
Buyer's Agent
Jesse Macias
Parks Homes Real Estate Inc
List Price
$439,900
Sold Price
$415,000
Premium/Discount to List
-$24,900
-5.66%
Views
252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,250
Outstanding Balance
$306,211
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$132,488

Purchase Details

Closed on
Aug 21, 2019
Sold by
Barone Michael and Natale Dominique
Bought by
Barone Michael and Barone Dominique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2017
Sold by
Barone Michael and Natale Dominique
Bought by
Barone Michael and Natale Dominique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
5.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 17, 2013
Closed on
Jun 16, 2014
Sold by
Patino Trinidad
Bought by
Barone Michael
Seller's Agent
Rene Aguirre
Northlake Realtors
Buyer's Agent
Christopher McAllister
McAllister Real Estate
List Price
$199,900
Sold Price
$180,000
Premium/Discount to List
-$19,900
-9.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.16%
Original Mortgage
$164,835
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 2, 2005
Sold by
Taglia Louis F and Taglia Gina
Bought by
Patino Trinidad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,500
Interest Rate
5.69%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 28, 2000
Sold by
Bosco William A and Bosco Mary
Bought by
Taglia Louis F and Taglia Gina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
7.77%

Purchase Details

Closed on
Dec 21, 2000
Sold by
Banco Popular North America
Bought by
Taglia Louis F and Taglia Gina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
7.77%
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
Solano Juan $415,000 None Listed On Document
Barone Michael -- None Listed On Document
Barone Michael -- None Listed On Document
Barone Michael -- None Available
Barone Michael -- Acquest Title Services Llc
Barone Michael $180,000 None Available
Patino Trinidad $365,000 Ticor Title
Taglia Louis F $230,000 --
Taglia Louis F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Solano Juan $311,250
Previous Owner Barone Michael $210,000
Previous Owner Barone Michael $189,000
Previous Owner Barone Michael $164,835
Previous Owner Patino Trinidad $328,500
Previous Owner Taglia Louis F $184,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2023 12/15/23 Sold $415,000 -5.7% $307 / Sq Ft
11/13/2023 11/13/23 Pending -- -- --
11/10/2023 11/10/23 For Sale $439,900 +144.4% $326 / Sq Ft
06/17/2014 06/17/14 Sold $180,000 0.0% $133 / Sq Ft View Prior Sale
03/03/2014 03/03/14 Pending -- -- --
02/27/2014 02/27/14 Off Market $180,000 -- --
02/04/2014 02/04/14 For Sale $199,900 +11.1% $148 / Sq Ft
01/22/2014 01/22/14 Off Market $180,000 -- --
12/17/2013 12/17/13 For Sale $199,900 -- $148 / 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 $7,016 $27,001 $4,973 $22,028
2023 $5,255 $27,001 $4,973 $22,028
2022 $5,255 $17,053 $4,282 $12,771
2021 $6,186 $19,770 $4,281 $15,489
2020 $6,013 $19,770 $4,281 $15,489
2019 $5,214 $16,085 $3,867 $12,218
2018 $5,809 $17,984 $3,867 $14,117
2017 $5,678 $17,984 $3,867 $14,117
2016 $4,896 $15,274 $3,453 $11,821
2015 $4,820 $15,274 $3,453 $11,821
2014 $3,884 $15,274 $3,453 $11,821
2013 $4,496 $18,647 $3,453 $15,194
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11928460

Midwest Real Estate Data (MRED)

APN: 15-03-313-022-0000