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$460,000
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Property Description
***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.
Full Property Details
Full Property Details for 101 N 23 Ave
General
- Sold For: $460,000
- Taxes: $8,055 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12443661
- Added to Site: 202 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Additional Information
- Equipment: Water Heater-Gas
Parking
- Garage: Yes
- Garage Spaces: 3
- Total Spaces: 7
- Parking Features: Yes, Garage Owned, Detached, Owned, Garage
Location
- Area: Melrose Park
- County: Cook
- Driving Directions: LAKE ST (East of 25th) TO 23RD AVE; SOUTH TO PROPERTY
School Information
- School District: 89
- Midd School District: 89
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Unfinished, Full, Walk-Out Access
- Roof: Asphalt
- Year Built: 1933
- Built Before 1978: Yes
Unit Information
- Units in Building: 3
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 2644
- Lot Features: Corner Lot
Financial Considerations
- Assessment Year: 1933
- Tax Amount: $8,055.2
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 15101020330000
Listed by Prosales Realty
Sold by Real People Realty
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Schools
Schools serving 101 N 23 Ave
School Districts:Maywood-Melrose Park-Broadview School District 89, Proviso Township High School District 209
| Name | Grades | Distance |
|---|---|---|
Melrose Park Elementary School 1715 West Lake Street, Melrose Park, IL 60160 | PK-5 | 0.4 mi |
Stevenson Middle School 1630 North 20th Avenue, Melrose Park, IL 60160 | 6-8 | 0.8 mi |
Proviso East High School 807 South 1st Avenue, Maywood, IL 60153 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 101 N 23 Ave
Date
Details
Price
Change
Source
12/12/2025
Sold
$460,000
-3.16%
MLS
8/11/2025
Listed
$475,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
101 N 23 Avenue, Melrose Park, IL 60160 (MLS# 12443661) is a Multi-Family property that was sold at $460,000 on December 12, 2025. Want to learn more about 101 N 23 Avenue? Do you have questions about finding other Multi-Family real estate for sale in Melrose Park? You can browse all Melrose Park real estate or contact a Coldwell Banker agent to request more information.

