$899,700

805 N 22nd Ave Melrose Park, IL 60160

Estimated payment $5,415/month

Total Views 47,104
-- Bed
-- Bath
5,655 Sq Ft
$159 Price per Sq Ft

Highlights

  • Corner Lot
  • Central Heating
  • Hot Water Heating System

About This Home

Absolutely fabulous turn key 6 unit with tenants in ALL units! All are 2 bedrooms except for one of the garden level units. Photos and 3-D tour are current as of 11/18. 4 of the units are recently rehabbed. All units are rented and bringing in exceptional rents. Financials below are based off of the 2024 full year.

Listing Agent

Neil Gates

Chase Real Estate LLC License #475174838 Listed on: 08/04/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,609

Year Built

  • Built in 1961

Lot Details

  • 2,329 Sq Ft Lot
  • Corner Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,655 Sq Ft Home
  • 2-Story Property

Utilities

  • No Cooling
  • Central Heating
  • Hot Water Heating System

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $20
  • Fuel Expense $5,605
  • Insurance Expense $5,000
  • Maintenance Expense $11,845
  • Manager Expense $7,542
  • Other Expense $24,108
  • Trash Expense $2,527
  • Water Sewer Expense $3,215
  • Operating Expense $63,786
  • Gross Income $80,961
  • Net Operating Income $17,174

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,609

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1961
  • Built Before 1978 (Y/N): Yes
  • Information: Other-See Remarks
  • Estimated Age: Older
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, Partial Exposure, Daylight
  • Possible Use: Multi-Family
  • Fireplaces: 0
  • Drive-In Doors: 0
  • Dishwashers: 6
  • Refrigerators: 6
  • Ranges: 6
  • Number of Windows: 0
  • Number of Washers: 0
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 899700

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: None
  • Heat/Ventilation: Central Heat/Indiv Controls,Hot Water
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Manager Expense: 7542
  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 2527
  • Water Sewer Expenses: 3215
  • Janitor Expense: 3041
  • Operating Expense Includes: Capital Improvements

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.05
  • Lot Dimensions: 2329
  • Lot Size Sq Ft: 2329
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 5655

Multi Family

  • Net Operating Income: 17174
  • Fuel Expense: 5605
  • Insurance Expense: 5000
  • ElectricExpense: 20
  • GrossIncome: 80961
  • Maintenance Expense: 11845
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 63786
  • Expense Year: 2024
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 6608.65
  • Tax Year: 2023

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2025 08/04/25 For Sale $899,700 -- $159 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12437624

Midwest Real Estate Data (MRED)