CLOSED – MULTI-FAMILY
1942 N 19th Ave Melrose Park, IL 60160
PRICE
Call for details
NUMBER OF UNITS
6
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 1942 N. 19th Avenue, a 6 unit apartment building located in the Chicagoland suburb of Melrose Park. The building is situated on a .21 acre lot that includes 8 parking spaces for the tenants.
There are (one) 1 bedroom, 1 bathroom units and (six) 2 bedroom, 1 bathroom units. The property is located just 1.5 miles from the Melrose Park Metra Station. Same owner for the past 17 years and has maintained the building diligently.

LOCATION DETAILS

Located 13 miles west of downtown Chicago, the
Village of Melrose Park encompasses 4.25 square miles. The Village is
bordered by Franklin Park to the north, River Forest to the East, Bellwood to
the south, and Elmhurst to the west. With of population of roughly 25,000,
the Melrose Park median household income is $44,724. Melrose Park has
long been home to a large Italian-American population.

HIGHLIGHTS
  • Under market rents by 20%
  • Long term owner and tenants
  • Add-value
  • Stabilized at 8% cap rate
LISTING BROKER
Brian Mond
Director
773.305.4876