NOT LISTED FOR SALE

1315 N 16th Ave Melrose Park, IL 60160

Estimated Value: $228,000

2 Beds
2 Baths
1,608 Sq Ft
$142/Sq Ft Est. Value

Last Sold March 12, 2021

Last sale price $151,000 $94 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $1,271/month

9 Days on Market

About This Home

As of March 2021

Wonderful opportunity to acquire a 2 unit with a huge side lot. This two unit has 2 bedrooms and 1 bathroom on the first floor and studio type unit with full kitchen and bath on the 2nd floor. This could easily be converted to a single family. Great parking pad and 2.5 car garage. Don't wait. Close to transportation and shopping. (1,533 Sq Ft)

Last Agent to Sell the Property

Arthur Cirignani

Chicago Realty Partners, Ltd License #471005369 Listed on: 01/06/2021

Last Buyer's Agent

Rene Aguirre

Northlake Realtors License #475127208

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,303

Year Built

  • Built in 1904

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 52 x 125
  • Additional Parcels

Parking

  • 2 Car Detached Garage
  • On-Street Parking
  • Off-Street Parking
  • Off Alley Parking
  • Parking Space is Owned

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

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

$1,303

Year Built

Built in 1904

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: 1904
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • List Price: 149500
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Off Alley, Off Street, Side Apron
  • ParkingTotal: 6
  • 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: Lake Michigan, Public

Schools

  • Middle/Junior School District: 89

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.07
  • Lot Dimensions: 52 X 125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 1302.63
  • Tax Year: 2019
  • Tax Exemptions: Homeowner,Senior,Senior Freeze

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
Jan 6, 2021
Closed on
Mar 2, 2021
Sold by
Secretary Of Housing & Urban Development
Bought by
Guzman Vicente Muniz
Seller's Agent
Arthur Cirignani
Chicago Realty Partners, Ltd
Buyer's Agent
Rene Aguirre
Northlake Realtors
List Price
$149,500
Sold Price
$151,000
Premium/Discount to List
$1,500
1%
Current Estimated Value
$228,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,000
Avg. Annual Appreciation
9.33%
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
Guzman Vicente Muniz -- Heritage Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2021 03/12/21 Sold $151,000 +1.0% $94 / Sq Ft
01/15/2021 01/15/21 Pending -- -- --
01/06/2021 01/06/21 For Sale $149,500 -- $93 / 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 $797 $3,066 $2,970 $96
2023 $704 $3,066 $2,970 $96
2022 $704 $2,285 $2,145 $140
2021 $715 $2,284 $2,145 $139
2020 $700 $2,300 $2,145 $155
2019 $692 $2,135 $1,980 $155
2018 $690 $2,135 $1,980 $155
2017 $674 $2,135 $1,980 $155
2016 $631 $1,970 $1,815 $155
2015 $622 $1,970 $1,815 $155
2014 $602 $1,970 $1,815 $155
2013 $553 $1,970 $1,815 $155
Source: Public Records

Agents Affiliated with this Home

  • Arthur Cirignani

    Seller's Agent in 2021

    Arthur Cirignani

    Chicago Realty Partners, Ltd

    (312) 575-0100

    1 in this area

    184 Total Sales

    Arthur Cirignani
    Section Image
  • Rene Aguirre

    Buyer's Agent in 2021

    Rene Aguirre

    Northlake Realtors

    (708) 351-3144

    18 in this area

    163 Total Sales

    Rene Aguirre
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10964504

Midwest Real Estate Data (MRED)

APN: 15-03-409-004-0000

Illinois Cook County Melrose Park 60160

1315 N 16th Ave, Melrose Park, IL

This home is located at 1315 N 16th Ave, Melrose Park, IL 60160 since 06 January 2021 and is currently estimated at $228,000, approximately $141 per square foot. This property was built in 1904. 1315 N 16th Ave is a home located in Cook County with nearby schools including Jane Addams Elementary School, Stevenson Middle School, and Proviso East High School.

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