Seller's Agent in 2023
Dhereck Gomez
33 Realty
(773) 587-4304
1 in this area
40 Total Sales
1401 23rd Ave Melrose Park, IL 60160
11
Beds
6
Baths
--
Sq Ft
1957
Built
About This Home
As of October 2023Rarely available, incredible opportunity!!! Beautiful six-unit brick building located in Melrose Park. Building features, five two-bedroom units, and one one-bedroom unit. Located on the corner of 23rd and Haddon, the building has excellent curb appeal with six off-street parking spots and common laundry in the basement. Spacious units with long-term tenants, below-market rents and month-to-month leases give new ownership the opportunity for rental growth in an area with a strong rental interest. Irreplaceable location in Melrose Park with great investment potential.
Last Buyer's Agent
Paola Cedano
Exit Grace Realty License #475171446
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,682
Year Built
- Built in 1957
Interior Spaces
- 3-Story Property
Bedrooms and Bathrooms
- 11 Bedrooms
- 6 Bathrooms
Utilities
- Window Unit Cooling System
- Heating Available
Listing and Financial Details
- Tenant pays for air conditioning, electricity
Community Details
Overview
- 6 Units
Building Details
- Operating Expense $17,780
- Gross Income $61,800
- Net Operating Income $44,020
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/03/2023 10/03/23 | Sold | $760,000 | -1.2% | -- |
| 08/29/2023 08/29/23 | Pending | -- | -- | -- |
| 08/22/2023 08/22/23 | For Sale | $769,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
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 |
|---|---|---|---|---|
| 2025 | $13,512 | $52,000 | $4,500 | $47,500 |
| 2024 | $13,512 | $52,000 | $4,500 | $47,500 |
| 2023 | $16,431 | $52,000 | $4,500 | $47,500 |
| 2022 | $16,431 | $53,319 | $3,875 | $49,444 |
| 2021 | $16,683 | $53,319 | $3,875 | $49,444 |
| 2020 | $16,217 | $53,319 | $3,875 | $49,444 |
| 2019 | $17,354 | $53,533 | $3,500 | $50,033 |
| 2018 | $17,291 | $53,533 | $3,500 | $50,033 |
| 2017 | $18,103 | $57,335 | $3,500 | $53,835 |
| 2016 | $11,921 | $37,194 | $3,125 | $34,069 |
| 2015 | $11,737 | $37,194 | $3,125 | $34,069 |
| 2014 | $11,371 | $37,194 | $3,125 | $34,069 |
| 2013 | $11,138 | $39,680 | $3,125 | $36,555 |
Source: Public Records
Agents Affiliated with this Home
-
Dhereck Gomez
-
P
Buyer's Agent in 2023
Paola Cedano
Exit Grace Realty
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11862503
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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