2650 N Harlem Ave Elmwood Park, IL 60707
Estimated payment $7,784/month
About This Home
Great Income Investment opportunity! This Beautiful brick multifamily property located in the highly coveted neighborhood of Elmwood Park This impressive property features six well-maintained units, Five of which offer two bedrooms and one bathroom. Each unit boasts gleaming hardwood or Newer Vinyl floors, appliances, some unit with new remodel kitchen and remodel Bathroom. Tenants have the convenience of on-site app laundry that also generates extra income for the owner along with 4 parking spots. The property is in a prime location near some of the best shopping and restaurants the neighborhood has to offer. The local schools are highly rated, providing a top-notch education for the children. With its prime location and exceptional features, this multifamily is an ideal option for those looking to invest in a profitable and growing neighborhood. Owner prefers to sell with 2646 N Harlem as a portfolio don't hesitate - contact us today to schedule a viewing and make this property yours!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,794
Year Built
- Built in 1961
Home Design
- Flat Roof Shape
- Brick Exterior Construction
Utilities
- Heating System Uses Gas
- 100 Amp Service
Additional Features
- 2-Story Property
- 5,527 Sq Ft Lot
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $534
- Fuel Expense $3,686
- Insurance Expense $3,866
- Maintenance Expense $8,000
- Manager Expense $5,000
- Other Expense $2,500
- Trash Expense $1,454
- Water Sewer Expense $3,456
- Operating Expense $26,800
- Gross Income $107,400
- Net Operating Income $64,806
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/30/2025 04/30/25 | Pending | -- | -- | -- |
| 04/01/2025 04/01/25 | For Sale | $1,150,000 | +47.4% | -- |
| 09/20/2023 09/20/23 | Sold | $780,000 | -2.4% | -- |
| 06/19/2023 06/19/23 | Pending | -- | -- | -- |
| 06/13/2023 06/13/23 | For Sale | $799,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12327180
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