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Backup Offers

113 N 16th Ave, Melrose Park, IL, 60160

$330,000

Home List Price

$3,919*

Closing Credit

5 Bedrooms
4 Baths
House
Schools Nearby

Location

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113 N 16th Ave, Melrose Park$330,000

Buyer Closing Credits

$3,919*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Garage2 spaces
Year Built1882
HeatingNatural Gas, Forced Air
MLS #11921632
StatusAccepting Backup Offers
(Contingent)

About 113 N 16th Ave

Investor's Dream in Prime Melrose Park Location! This meticulously maintained 2-unit building, promises not only immediate returns but also substantial future income. Situated in an excellent location, this property stands as a testament to smart real estate investing. With a strong history of generating revenue. Recent upgrades, including a brand-new electrical system and HVAC, ensure efficiency and cost savings for years to come. Thoughtful remodeling has added a fresh, appealing aesthetic, attracting quality tenants. Each unit enjoys its own separate utility meters, including water, providing convenience and transparency for both landlord and tenants. Situated on a double lot, there's ample room for outdoor parking and amenities. This property is being sold in As Is Condition, presenting an opportunity for investors to capitalize on potential value-add improvements. Nestled in the heart of Melrose Park, this property is surrounded by a thriving community and offers easy access to amenities, schools, and transportation. With its income-generating potential, recent upgrades, and strategic location, this property is poised to be a lucrative addition to any investor's portfolio. Don't miss out on this prime investment opportunity.

Property Details

Property Features

Property Information:

  • Year Built: 1882

Listing Office:

  • Office Name: Alexander Realty LLC
  • Office Phone: (708) 878-7213
  • Listing Agent: Fernando Arreguin

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

School Info

Assigned Schools Information:

  • Proviso East High School, Public District Grades 9-12
  • Proviso Math and Science Academy, Public District Grades 9-12
  • Proviso West High School, Public District Grades 9-12
  • Melrose Park Elementary School, Public District Grades PK-8

Other

Directions Information:

  • Directions: Lake to 16th South to Property

Price Information

Listing Price Info

Price Summary:

  • List Price: $330,000
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Housing Market Comparison

See how this home compares to others in Melrose Park, IL.

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Melrose Park, IL

City

Med. Sold Price

$300K

Med. Price/SqFt

$201

Avg. Days On Market

21

# of Sold Homes

7

113 N 16th Ave vs Melrose Park

178 DAYS ON ROCKET

+157 Days

$330,000

+$30K More

KEY TAKEAWAY

This property is $30K more than the Median Sold Price in Melrose Park, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #11921632

Listing Office:

  • Office Name: Alexander Realty LLC
  • Office Phone: (708) 878-7213
  • Listing Agent: Fernando Arreguin

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

DIGITAL MILLENNIUM COPYRIGHT ACT (DMCA) NOTICE
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 12:45:20 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 28, 2019Home Sold
$285,000
Feb 28, 2019Home Sold
$285,000

History based on county public records data.

Payment Calculator

$1,715

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,056

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Middle School

school-card-donut-1896089
5
/10

  • Melrose Park Elementary School

  • 1715 W Lake St

  • 0.23 miles

  • Public District Grades PK-8

High School

school-card-donut-1896090
1
/10

  • Proviso East High School

  • 807 S 1st Ave

  • 1.22 miles

  • Public District Grades 9-12

school-card-donut-1896091
10
/10

  • Proviso Math and Science Academy

  • 8601 Roosevelt Rd

  • 2.07 miles

  • Public District Grades 9-12

school-card-donut-1896092
1
/10

  • Proviso West High School

  • 4701 Harrison St

  • 2.98 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,429. Most Melrose Park, IL residents have annual incomes between $35k-100k. The most common type of family is married, with kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 113 N 16th Ave

What is the listing price of this property?

The listing price of 113 N 16th Ave property is $330,000.

What type of property is this?

The property 113 N 16th Ave is a house located in Melrose Park, Illinois, 60160.

Is this property for sale now?

Accepting Backup Offers: 113 N 16th Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 113 N 16th Ave are:
Melrose Park Elementary School: GreatSchools Rating 5/10
Proviso East High School: GreatSchools Rating 1/10
Proviso Math and Science Academy: GreatSchools Rating 10/10
Proviso West High School: GreatSchools Rating 1/10

When was this property sold last time and for how much?

The last sale was on February 28, 2019 for $285,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 113 N 16th Ave has 5 bedrooms and 4 bathrooms.

Which year was this property built?

The year of construction for 113 N 16th Ave is 1882.

Rocket Homes›Illinois›Cook County›Melrose Park›60160›113 N 16th Ave

This home is located at 113 N 16th Ave in Melrose Park, IL and zip code 60160. This home was built in 1882. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 01, 2023 and is currently priced at $330,000.

In March 2024, from all listings sold in Melrose Park, IL there were more than 1 sold above asking price, over 5 sold below and more than 1 were sold right at the asked price. The inventory of homes for sale in Melrose Park, IL between February 2024 and March 2024 increased by 7.5%. In March 2024, listings were on the market for 21 days. During the same period, the median list price in this real estate market was $300,000.

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

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