136 N 19th Avenue $725,000


    136 N 19th Avenue Melrose Park, IL 60160

    • Commercial
    • MLS# 11485188
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    Views: 2 Days On Site: 52

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    Property Details

    FULLY LEASED! PRIME LOCATION! The property located right at downtown of Melrose Park with easy and free street parking. This two story building features 2 first-floor retail suites, 1 second floor retail suite, 2 second floor apartment units and rear 9-space surface parking lot. The first-floor suites have individual gas furnaces and ground mounted condensers for heating and cooling. The second-floor retail suite and apartment units are heated via a new central boiler and cooled via tenant supplied window AC units. The owners spent more than hundred thousands to improve and renovate this mixed-use property in 2020-2021. Work completed includes new windows at rear of residential units, new gutters and downspouts, new roof covering on flat portion of roof, tuckpointing and exterior painting, new vinyl siding by storefronts, electrical upgrades, installation of security cameras, new boiler and hot water tank, 2 new furnaces and one new condenser unit for first-floor retail tenants, added demising wall between first floor retail suites (was previously utilized by one tenant), and complete remodel of the La Clinic retail suite including adding a private bathroom. Also, the spacious basement is a plus and ready for your ideas. The hair salon on the 2nd floor is owned and operated by the owner that can generate more income. Low property tax! You have nothing to do but collect monthly rent. AS-IS Sale.

    • General Features
      • Additional Parcels Y/N No
      • Area Melrose Park
      • County Or Parish Cook
      • Electric Expense 0
      • Fuel Expense 4032
      • Gross Income 94800
      • Gross Scheduled Income 94800
      • Number Of Units Total 5
      • Operating Expense1 3520
      • Property Sub Type Mixed Use
      • Tax Annual Amount 14006.8
      • Tax Year 2020
      • Township Proviso
      • Year Built 1918
      • Zoning RTAIL
    • Building Features
      • Building Area Total 6660
      • Construction Materials Brick
      • Cooling Central Air, Window Unit(s)
      • Electric Circuit Breakers, Separate Meters
      • Foundation Details Concrete Perimeter
      • Stories 2
    • Property Features
      • Lot Size Dimensions 52.8 X 125
      • Lot Size Square Feet 6600
      • Parcel Number 15101050370000
      • Parking Total 9



    60160 (Melrose Park) Demographics

    34 Median Age
    5,702 Population Density (per sq. mile)
    21% College Educated
    $53,731 Estimated Median Income
    3,986 Estimated Total Home Owners
    3,854 Estimated Total Renters
    51% / 49% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    25,357 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $314,250 Median Sales Price
    8 Homes Sold
    16 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $725,000
        9/11/2022 12:17:21 AM Status Changed Source: Multiple Listing Service New Value: Active
        9/5/2022 6:17:18 PM Price Reduced Source: Multiple Listing Service New Value: $725,000 -6.45%
        9/5/2022 6:17:18 PM Status Changed Source: Multiple Listing Service New Value: Price Change
        8/11/2022 12:17:57 AM Status Changed Source: Multiple Listing Service New Value: Active
        8/5/2022 7:48:00 PM New in Database Source: Multiple Listing Service New Value: $775,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.