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    1942-48 17th Avenue

    Melrose Park, IL 60160
    • $1,930,000
    • STATUS: Closed
    • ON SITE: 126 days
    • MLS #: 10758336
    Sold - 10/15/2020
    $1,930,000
    SOLD - 10/15/2020
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:
    Area:

    School Ratings & Info

    Description

    1942 & 1948 N 17th Ave -NEWLY RENOVATED - Over $800k in Capital Improvements Over Last Two Years of New Ownership - Two 12 Unit Apartment Buildings - Surrounded by Public Transport- 100% Occupied with Well-Screened Tenants - Two Adjacent Two-Story Courtyard Buildings, 28 Attached Parking Spots - Solid Brick Investment in Desirable Near Suburb of Chicago - 15 Minutes from O'Hare, 10 Minutes from Oak Park, Nine Minutes from Union Pacific West Metra - New Electric Service (70 Amps Per Unit, Tenants Pay), Stainless Steel Appliances, New Cabinetry and Baths, NEW Dual System AC Units (Heat and AC), Owner Pays Radiant In-Floor Heat- Units Renovated As They Turn Over (18 of 24 Complete), Strong 8% Cap Rate - Easy to Rent

    Sold by Good Realty Co.

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2020-10-29T20:51:05.31 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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 properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    1942-48 17th Avenue Melrose Park, IL 60160

    • Price: $2,200,000
    • Status: Closed
    • Updated: 9 min ago
    • MLS #: 10758336
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1970
    Built
    Neighborhood:
    Melrose Park
    County:
    Cook
    Area:
    Melrose Park
    Property Description
    1942 & 1948 N 17th Ave -NEWLY RENOVATED - Over $800k in Capital Improvements Over Last Two Years of New Ownership - Two 12 Unit Apartment Buildings - Surrounded by Public Transport- 100% Occupied with Well-Screened Tenants - Two Adjacent Two-Story Courtyard Buildings, 28 Attached Parking Spots - Solid Brick Investment in Desirable Near Suburb of Chicago - 15 Minutes from O'Hare, 10 Minutes from Oak Park, Nine Minutes from Union Pacific West Metra - New Electric Service (70 Amps Per Unit, Tenants Pay), Stainless Steel Appliances, New Cabinetry and Baths, NEW Dual System AC Units (Heat and AC), Owner Pays Radiant In-Floor Heat- Units Renovated As They Turn Over (18 of 24 Complete), Strong 8% Cap Rate - Easy to Rent
    Exterior Features

    Construction BrickConcreteSteelStone Frontage Access City Street Lot Dimensions 100 X 200 Number Of Parking Spaces 28 Roof Coverings Shingle Composition Roof Structure Pitched

    Interior Features

    Air Conditioning Wall SleeveWindow Unit/S Basement Description Finished Miscellaneous Inside Storage Inside Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Type7 0 Number Of Bedrooms Unit1 1 Number Of Bedrooms Unit2 1 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 0 Number Of Dishwashers 0 Number Of Disposals 0 Number Of Dryers 8 Number Of Fireplaces 0 Number Of Full Bathrooms Type1 1 Number Of Full Bathrooms Type2 1 Number Of Full Bathrooms Type3 1 Number Of Full Bathrooms Type4 1 Number Of Full Bathrooms Type5 1 Number Of Ranges 24 Number Of Refrigs 24 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 0 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 4 Number Of Rooms Unit2 4 Number Of Rooms Unit3 0 Number Of Rooms Unit7 0 Number Of Stories 2 Number Of Units Apt Type1 17 Number Of Units Apt Type2 7 Number Of Units Apt Type3 0 Number Of Units Apt Type4 0 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Number Of Washers 8 Outdoor Parking 19-30 Spaces Repairs Decor Expense 0

    Property Features

    Age 36-50 Years Built Before1978 YN Yes Current Use Residential-Multi-Family Electric Expense Source Actual Electrical Service Circuit Breakers Electricity Expense 0 Expense Year 2018 Exterior Building Type Brick Fuel Expense 12706 Fuel Expense Source Actual Gross Rental Income Amount 263100 Heat Ventilation GasHot WaterWall Unit Insurance Expense 8563 Insurance Expense Source Actual Janitor Expense 3000 Known Encumbrances None Known Miscellaneous Outside Storms And Screens (As Exist) Monthly Income Max1 1050 Monthly Income Max2 750 Net Oper Income Amount 196700 Number Of Window Ac 24 Other Expense Source Owner Projection Other Expenses 3000 Owners Assoc YN No Possession Closing Potential Use Residential-Multi-Family Sale Terms Conventional Tax Year 2018 Taxes 30254 Tenant Pays Electric Total Annual Exp 67000 Total Annual Expense Source Combination Total Annual Income 263700 Total Monthly Income 21925 Township Leyden Type Multi Family Courtyard Washer Dryer Lsd YN No Water Expense 5400 Water Expense Source Broker Projection Zoning Type Multi

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Kale Realty.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2020-10-29T20:51:05.31 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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 properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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