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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
26536264
26536263

1617 35th Ave, Melrose Park, IL 60160

KL
IL 272139
Citypoint Illinois LLC
Listed by Citypoint Illinois LLC
$615,000
368 days on market
Updated 3 days ago

All Brick 3-UNIT - Melrose Park IL

Details
APN 15041210660000
Property Type Multifamily
Sub Type Apartment Building
Units 3
Cap Rate 4.50%
NOI $35,990
Occupancy 100%
Pro-Forma NOI $50,090
Class B
Year Built 1971
Buildings 1
Stories 2
Lot Size (SqFt) 4,800
Parking Spaces 3 spaces
Ground Lease No

Brick Building | 3 Units | $205,000

Marketing description

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.

Listing Contacts

KL
IL 272139
Citypoint Illinois LLC
Listed by Citypoint Illinois LLC

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$35,990.00
$2,999.17/mo

Valuation Metrics

0
DSCR
5.85%
Cap Rate
5.85%
ROI

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Additional Information

Name
Kathleen Long
License
272139
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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