Ivonne Payes
Payes Real Estate Group
(224) 206-0617
239 Total Sales
1 in Melrose Park
$330,000 Price
1401 23rd Ave Melrose Park, IL 60160
Melrose Park Area
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
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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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 22, 2023
Closed on
Sep 30, 2023
Sold by
Bought by
Seller's Agent
Dhereck Gomez
33 Realty
Buyer's Agent
Paola Cedano
Exit Grace Realty
List Price
$769,000
Sold Price
$760,000
Premium/Discount to List
-$9,000
-1.17%
Views
45
Purchase Details
Closed on
Jul 24, 2015
Sold by
Bought by
Purchase Details
Closed on
Nov 8, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.36%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Melrose Park, IL
-
Ivonne Payes
-
Gustavo Vargas
Gustavo Vargas
RE/MAX Partners
(708) 554-7307
85 Total Sales
1 in Melrose Park
$345,051 Price
-
Ana Sandoval-Cremieux
Ana Sandoval-Cremieux
Compass
(844) 983-3106
125 Total Sales
2 in Melrose Park
$260K - $275K Price Range
-
Hugo Araujo
Hugo Araujo
Coldwell Banker Realty
(773) 819-6179
157 Total Sales
1 in Melrose Park
$304,000 Price
-
Prentiss Grant
Prentiss Grant
RE/MAX Plaza
(224) 219-1448
236 Total Sales
1 in Melrose Park
$715,000 Price
-
Jessica Nevarez
Jessica Nevarez
Jessica N Nevarez
(844) 661-0848
20 Total Sales
1 in Melrose Park
$290,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $760,000 | Saturn Title | ||
| $600,000 | Ct | ||
| $550,000 | Git |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $440,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
Seller's Agent in 2023
Dhereck Gomez
33 Realty
(773) 587-4304
39 Total Sales
-
P
Buyer's Agent in 2023
Paola Cedano
Exit Grace Realty
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11862503
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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