#12407779, Richard Balauag, Listing office: Citypoint Illinois LLC
Property details
About 1914 N 18th Ave
Welcome to a lucrative investment opportunity nestled in the heart of Melrose Park, where prime real estate meets exceptional potential. A well-maintained 4-unit brick building comprised of 3 beautifully renovated 2-bedroom apartments and one 1-bedroom apartment. Onsite is A large laundry room with coin operated washer and dryer and additional storage for each apartment. Other features of this impressive property include a sump pump, newer roof and gutters (2017), new appliances (2025), new light fixtures (2025), new flooring (2025), new fire-resistant doors, newer water heater, 5 parking spots, as well as a Shed and a picnic area on the premises for the tenants to enjoy. 2 out of the 4 units are currently occupied, while the other 2 are vacant and newly remodeled and offer great potential to either rent at market value or to occupy one of the specious units. This property offers investors a rare opportunity for substantial returns on their investment in today's flourishing market. With all units rented at the market rate the capitalization rate is at an astonishing 10 percent. This investment gem sits within close proximity to shopping centers, central highways, schools, public parks, and public transportation. Its strategic location not only enhances its desirability for tenants and investors alike but also presents long-term appreciation in property value. Whether you're looking to be a homeowner getting additional income, an experienced investor seeking to diversify your portfolio or a newcomer looking to capitalize on the real estate market's potential, look no further because this opportunity combined with a very strong rental market demand grants both immediate return on investment and long-term growth. One of the owners is a licensed real estate agent.
Highlights
(Contingent)
Summary
- Basement: No
- Total Bedroom Count: 7
- Parking: On Site
- Heating: Natural Gas
- List Price: $559,000
- Directions: North Ave (Route 64) to 18th Ave N to building
- Year Built: 1970
- MLS Number: 12429437
- MLS Name: MRED
- Office Name: Altogether Realty Corporation
- Office Phone: (847) 915-0889
- Listing Agent: Sarit Levine
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Price information
Property sales
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Nearby schools
4
Jane Addams Elementary School
Public District PK-5
0.8 mi
•910 Division St
3
Melrose Park Elementary School
Public District PK-5
1.0 mi
•1715 W Lake St
8
Dan H Pietrini Elementary School
Public District PK-5
1.2 mi
•9750 Fullerton Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $33,393. Typical income of Melrose Park, IL residents is less than $<35k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
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Frequently asked questions
About 1914 N 18th Ave
The listing price of 1914 N 18th Ave property is $559,000.
The property 1914 N 18th Ave is a house located in Melrose Park, Illinois, 60160.
Accepting Backup Offers: 1914 N 18th Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 1914 N 18th Ave are: Jane Addams Elementary School (GreatSchools Rating 4/10), Melrose Park Elementary School (GreatSchools Rating 3/10), Dan H Pietrini Elementary School (GreatSchools Rating 8/10), Stevenson Middle School (GreatSchools Rating 4/10), Rhodes Elementary School (GreatSchools Rating 4/10), Hester Jr High School (GreatSchools Rating 6/10), Elmwood Park High School (GreatSchools Rating 5/10), Proviso East High School (GreatSchools Rating 2/10), East Leyden High School (GreatSchools Rating 5/10).
The property at 1914 N 18th Ave has 7 bedrooms and 5 bathrooms.
The year of construction for 1914 N 18th Ave is 1970.
This home is located at 1914 N 18th Ave in Melrose Park, IL and zip code 60160. Features: 7 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since July 25, 2025 and is currently priced at $559,000.
Melrose Park, IL housing market in June 2025 saw over 11 listings sold above listed price, more than 3 sold at listed price and over 3 sold below. The number of homes for sale in Melrose Park, IL increased by 20.3% between May and June 2025. Listings spent 17 days on the market in June 2025, and had a median list price of $334,000 during the same period.