1670 N 1st Avenue
Melrose Park, IL, 60160
$869,000
11 Beds
6 Baths
0 SqFt
0 Acres
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MLS #MRD12726844 image #0
Prime Investment Opportunity – Well-Maintained 6-Unit Brick Building Outstanding location! This attractive, free-standing ALL brick and stone 6-unit building has an exceptional rental history and has never been vacant. Conveniently located just steps from the new Amazon Fulfillment Center, this property offers strong rental demand and excellent investment potential. The building features: Five spacious 2-bedroom units, One 1-bedroom unit, A total of 10 parking spaces Recent improvements include: New concrete driveway with parking for 4 vehicles in front and 2 New Concrette-car parking in the rear, plus asphalt parking for the remaining spaces Total (10 Car Parking), ALL New Roof, gutters, and aluminum soffits, Some newe windows, Several updated bathrooms, New owned coin-operated washer and dryer, providing additional income, Newer tuckpointing, Current rents offer significant upside potential, as all rents include heat and cooking gas. With market-rate adjustments, a new owner may have the opportunity to substantially increase rental income. Ideally located near shopping, transportation, restaurants, and other everyday conveniences, this is a rare opportunity to acquire a solid, income-producing property in a high-demand location.

Property Details

Price:
$869,000
MLS #:
MRD12726844
Status:
Active Under Contract
Beds:
11
Baths:
6
Type:
Commercial
Neighborhood:
melrosepark
Listed Date:
Aug 7, 2026
Total Sq Ft:
3,510
Year Built:
1960
Melrose ParkMelrosepark

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Schools

Interior

Cooling
Window Unit(s)

Exterior

Construction Materials
Brick, Stone
Stories
3

Financial

Net Operating Income
$89,728
Tax Year
2024
Taxes
$11,435

Map

Community

Market Summary

Current real estate data for Commercial in Melrose Park as of Oct 04, 2026
3
Commercial Listed
118
Avg DOM
$779,533
Avg List Price

Property Summary

    1670 N 1st Avenue Melrose Park IL is a Commercial for sale in Melrose Park, IL, 60160. It is listed for $869,000

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