$550,000

101 N 23rd Ave Melrose Park, IL 60160

$6,531
Closing credit¹
5 beds
3 baths
House

Property details

About 101 N 23rd Ave

***PLEASE CLICK ON THE VIRTUAL TOUR LINKS...THERE IS ONE LINK PER UNIT*** This charming 3 Unit building is nestled in the heart of Melrose Park, offering a fantastic opportunity for investors or multi-family living. Here is your opportunity to own a part of Melrose Park History via this 3 Unit property on an OVERSIZED LOT, with ample parking. Forget the hassle of street parking! This property provides an oversized- three car garage, four exterior parking spaces, and plenty of convenient off-street parking, ensuring residents have a designated spot for their vehicles. All units are on month-to-month rental agreements with occupants, with NO LEASES in place which gives new ownership the opportunity for rental growth in an area with high rental demand. Occupants are longtime family friends that have grandfathered in rents. Amazing location near schools, parks, restaurants, shops, public transportation and so much more. With three units, this property offers an excellent opportunity for generating multiple income streams. Whether you decide to rent out all units or live in one and rent out the others, the potential for substantial returns is within reach. This may be the one you'll want to call home or add to your portfolio.

Highlights

Home typeResidential
HeatingNatural Gas
StatusActive
BasementYes
Year built1933
MLS #12264337
Garage3 spaces

Virtual tour

Summary

  • MLS Number: 12264337
  • MLS Name: MRED
  • Office Name: PROSALES REALTY
  • Office Phone: (773) 573-2800
  • Listing Agent: Angel Rosales

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view of side of property

$550,000

101 N 23rd Ave

$6,531

closing credit¹

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0.5% sale price²

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2022$25,553$7,874
2021$25,553$7,995
2020$25,553$7,772
2019$30,238$9,802
2018$30,238$9,766
2017$30,238$9,547

History based on county public records data.

Nearby schools

3

Melrose Park Elementary School

Public District PK-5

0.4 mi

1715 W Lake St

3

Thurgood Marshall Elementary School

Public District KG-5

0.4 mi

2501 Oak St

3

McKinley Elementary School

Public District KG-5

0.8 mi

3317 Butterfield Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $34,679. Residents of Melrose Park, IL typically earn less than $<35k each year. Residents typically live in married, with kids family. The majority of residents in this area have high school diploma education.

How much money do the neighbors make?

51%
<35k
45%
35k-100k
4%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

24%
Single, No Kids
22%
Single, with Kids
13%
Married, No Kids
41%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

23%
<11 yrs old
9%
12-17 yrs old
34%
18-34 yrs old
31%
35-64 yrs old
3%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • BasketballBasketball
  • Mexican League SoccerMexican League Soccer

Where do the neighbors shop?

  • BurlingtonBurlington
  • Ross Dress For LessRoss Dress For Less
  • Express/Express For MenExpress/Express For Men

Where do the neighbors go to eat?

  • PopeyesPopeyes
  • Jasons DeliJasons Deli
  • Church's ChickenChurch's Chicken

What do the neighbors drive?

  • DodgeDodge
  • AcuraAcura
  • ChevroletChevrolet

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban Adult ContemporaryUrban Adult Contemporary
All data provided by Home Junction and Claritas

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Frequently asked questions

About 101 N 23rd Ave

This home is located at 101 N 23rd Ave in Melrose Park, IL and zip code 60160. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since January 4, 2025 and is currently priced at $550,000.

While more than 3 listings in Melrose Park, IL in February 2025 were sold above asking price, there were more than 2 listings sold at asking price, and more than 4 were sold below. The number of listings in Melrose Park, IL increased by 9.5% between January and February 2025. The median list price of listings available in February 2025 was $325,000, while the average time on the real estate market was 55 days.

From Rocket Homes Real Estate and based on county public records data.

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