1617 N 35th Ave - Apartments FOR SALE


Melrose Park, IL 60160
$625,000 USD
847-744-5003
1617 N 35th Ave, Melrose Park, IL for Sale
$625,000 USD
Apartments - FOR SALE
1/32
null | 4.5% Cap Rate

1617 N 35th Ave
Melrose Park, IL 60160


HIGHLIGHTS

  • Lots of Natural Light
  • Includes a 2-car garage

OVERVIEW

Welcome to 1617 N 35th Ave—a meticulously maintained, all-brick 3-flat offering strong income potential and long-term value. This property stands out as one of the best-kept buildings in the area. The building features two spacious 3-bedroom, 1.5-bath units and a 2-bedroom garden apartment, offering ideal flexibility for investors or owner-occupants. All units are in solid condition with updated mechanicals and a clean, functional layout. On-site laundry includes coin-operated washer/dryer for added convenience and income. The property sits on a shared common driveway and offers excellent parking access. For buyers looking to expand their portfolio, the adjacent property at 1619 N 35th Ave is also available and includes a 2-car garage, making this a rare package deal opportunity with additional income and development potential. Whether you're looking for steady rental income, future value appreciation, or a package deal in a prime rental market, this investment checks all the boxes. An IL licensed real estate broker has an ownership interest in the LLC that owns the property. This property is brought to you through the Citypoint marketplace. To view more information or to view more inventory please visit https://citypoint.com/property/all-brick-3-unit-flat/. All rent and expense information in the listing has been vetted. Please send Proof of Funds or Pre-Approval letter to klong@citypoint.com prior to setting a showing.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$130 USD /SF

# OF UNITS

3

PRICE/UNIT

$208,333

CAP RATE

4.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

All Brick 3-UNIT - Melrose Park IL

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,617 SF

ZONING

-

APN/PARCEL ID

15-04-121-066-0000

ASK ABOUT THIS PROPERTY

Kathleen LongCitypointMore Info
847-744-5003

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Kathleen LongCitypointMore Info
847-744-5003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.