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Map
$2,836,682*
●
Commercial -
Off Market
1942 North 17th Avenue
Melrose Park, IL 60160
Studio
0 Bath
$1,796,000 - $2,194,000
Reference Base Price*
42.19%
Since May 1, 2020
National-US
Primary Model
About This Property
1942 & 1948 N 17th Ave -NEWLY RENOVATED - Solid Brick Investment in
Desirable Near Suburb of Chicago - Over $600k in Capital
Improvements Over Last Three Years of New Ownership - Two 12
Unit Apartment Buildings, 17 of 24 Renovated - Value Add or Buy and
Hold - 90% Occupied with Awesome Well-Screened Long-Term Tenants,
NO Late Rent, NO Evictions - Two Adjacent Two-Story Courtyard
Buildings, 28 Attached Parking Spots - 15 Minutes from O'Hare, 10
Minutes from the Heart of Oak Park, Nine Minutes from Union Pacific
West Metra - New Electric Service, Stainless Steel Appliances, New
Cabinetry and Baths, New Dual System AC Units (Heat and AC), LOW
BILLS- Owner Pays VERY AFFORDABLE Radiant In-Floor Heat- Strong 6%
Cap Rate - Easy to Rent
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Commercial
Property Taxes
$30,254
HOA Dues
-
Year Built
1961
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 29, 2020 | Sold | $1,930,000 | |
| Sold | |||
| Apr 7, 2020 | No longer available | - | |
| No longer available | |||
| Mar 8, 2020 | Relisted | $1,995,000 | |
| Relisted | |||
| Mar 7, 2020 | No longer available | - | |
| No longer available | |||
| Oct 30, 2019 | Listed | $1,995,000 | |
| Listed | |||
Property Highlights
Air Conditioning
1942 North 17th Avenue
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
06/24/2020
|
|
Loft
|
-
|
-
|
$2,200,000
Loft
-
|
-
-
|
-
|
-
|
|
05/26/2019
|
|
Studio
|
-
|
-
|
$2,100,000
Studio
-
|
-
-
|
-
|
-
|
Building Info
About Melrose Park
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$1,800 /mo
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