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136 N 19th Avenue

Melrose Park, IL 60160
  • $775,000
  • STATUS: Active
  • ON SITE: 3 Days
  • MLS #: 11485188
New On Site 3 Days Ago
UPDATED: 22 min ago
$775,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1918
County:
Area:

School Ratings & Info

Description

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.

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© 2022 Midwest Real Estate Data LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2022-08-09T13:01:28.593 UTC. 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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136 N 19th Avenue Melrose Park, IL 60160

  • Price: $775,000
  • Status: Active
  • On Site: 3 Days
  • Updated: 22 min ago
  • MLS #: 11485188
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1918
Built
Neighborhood:
Melrose Park
County:
Cook
Area:
Melrose Park
Property Description
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.
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Outdoor Parking 6-12 Spaces Parking Total 9

Interior Features

Cooling Central AirWindow Unit(S) Heat Ventilation Central Heat/Indiv ControlsForced AirGasRadiators

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 6660 Built Before1978 YN Yes Electric Circuit BreakersSeparate Meters Fire Protection Alarm On SiteCarbon Monoxide Detector(S) Geographic Locale Northwest Suburban Gross Income 94800 Gross Scheduled Income 94800 Insurance Expense 3600 Location Mixed Use Area Mls Actual Status New Number Of Tenants 4 Property Sub Type Mixed Use Rental Price 0 Tax Annual Amount 14006.8 Tax Year 2020 Tenant Pays Electricity Total Monthly Income 7900 Township Proviso Type Mixed Use Zoning Rtail

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Landmark Realtors.


© 2022 Midwest Real Estate Data LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2022-08-09T13:01:28.593 UTC. 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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