1511 N 16th Avenue, Melrose Park, IL 60160 - Photo 1

1/1

$525,000

Sold
Closed
Multi-Family
8 Total Beds

1/1

Property Description

Nestled in the heart of Melrose community, this meticulously maintained 3-flat property offers an exceptional investment opportunity.Whether you're a seasoned investor or a first-time buyer, this property offers a promising return on investment. The well-maintained units and excellent location ensure consistent rental demand. This 3-flat property in Melrose park, is a rare find in today's market. With its well-maintained units, ample parking, and desirable location, it presents an outstanding opportunity for investors seeking both immediate returns and long-term value appreciation. Don't miss out on this gem - schedule a viewing today!

Full Property Details

Full Property Details for 1511 N 16th Ave

General

Sold For: $525,000
Taxes: $11,442 (2021)
Status: Closed
Type: Multi-Family
Source: MRED
MLS ID: 11903294
Added to Site: 834 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 5

Bedrooms

Total Bedrooms: 8

Parking

Total Spaces: 6
Parking Features: Assigned
Parking Type: Space(s)
Parking On-Site: Yes

Location

Area: Melrose Park
County: Cook
Driving Directions: West on Norwood South on 16th

School Information

School District: 89
Midd School District: 89

Heating & Cooling

Heating Type: Natural Gas, Radiator(s)

Utilities

Water: Lake Michigan

Structural Information

Exterior Const.: Brick
Basement Desc.: Full
Roof: Flat
Year Built: 1972
Built Before 1978: Yes

Unit Information

Units in Building: 3

Lot Features

Lot Size Range: Less than .25 Acre
Lot Dimensions: 33 x 123

Financial Considerations

Parking Included: Yes
Assessment Year: 1972
Tax Amount: $11,442.31
Tax Year: 2021

Disclosures and Reports

Ownership: Fee Simple
Property ID: 15032090400000

Listed by Homesmart Connect LLC
Sold by Re/Max In The Village

What's Your Home Worth?

* Indicates a required field

For a complimentary comparative market analysis, please contact us so we can discuss your home's value.

Your Property Information

Address optional

City *State *

Zip Code *

Your Contact Information

First Name *Last Name *

Email Address *

Phone Number *

Comment *

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Submit, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

Listing agent

— 1511 N 16th Ave —

Homesmart Connect LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender

NMLS#: 1598647

Get Pre-Approved

Schools

Schools serving 1511 N 16th Ave

School Districts:Maywood-Melrose Park-Broadview School District 89, Proviso Township High School District 209

Name	Grades	Distance
Jane Addams Elementary School, Melrose Park, IL 910 Division Street, Melrose Park, IL 60160	PK-5	0.4 mi
Stevenson Middle School 1630 North 20th Avenue, Melrose Park, IL 60160	6-8	0.3 mi
Proviso East High School 807 South 1st Avenue, Maywood, IL 60153	9-12	1.8 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 1511 N 16th Ave

Date

Details

Price

Change

Source

3/11/2024

Sold

$525,000

-4.53%

MLS

12/02/2023

Price Reduced

$549,900

-5.19%

MLS

10/06/2023

Listed

$580,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

1653 N 44th Ave, Stone Park, IL 60165 - Photo 1

Just Listed

$345,000

1653 N 44th Ave Stone Park, IL 60165

Multi-Family
Active
Updated 1 day ago

5
Total Beds

Listed by Irene Perez (312) 566-6279

1822 N 36th Ave, Stone Park, IL 60165 - Photo 1

Just Listed

$465,000

1822 N 36th Ave Stone Park, IL 60165

Single Family
Active
Updated 1 day ago

4
Beds
3
Total Baths
2,337
Sq. Ft.

Listed by Sadira Rojas (708) 638-9094 and The Rosie Gonzalez Group (708) 352-4840

607 N 9th Ave, Maywood, IL 60153 - Photo 1

Just Listed

$350,000

607 N 9th Ave Maywood, IL 60153

Single Family
Active
Updated 4 days ago

5
Beds
3
Total Baths
1,300
Sq. Ft.

1125 24th Ave, Bellwood, IL 60104 - Photo 1

Just Listed

$305,000

1125 24th Ave Bellwood, IL 60104

Single Family
Active
Updated 1 day ago

3
Beds
2
Total Baths
1,016
Sq. Ft.

Listed by Giovanni Laverde (312) 320-5355

1615 S 20th Ave, Maywood, IL 60153 - Photo 1

Price Reduced

-$7,000 (-2.55%)

$268,000

1615 S 20th Ave Maywood, IL 60153

Single Family
Active
Updated 2 days ago

2
Beds
2
Total Baths
1,260
Sq. Ft.

Listed by Ericka Taylor (708) 822-7426

1611 St Charles Rd, Maywood, IL 60153 - Photo 1

Price Reduced

-$15,000 (-4.12%)

$349,000

1611 St Charles Rd Maywood, IL 60153

Multi-Family
Active
Updated 4 days ago

5
Total Beds

1110 S 4th Ave, Maywood, IL 60153 - Photo 1

Price Reduced

-$6,000 (-2.35%)

$249,000

1110 S 4th Ave Maywood, IL 60153

Multi-Family
Active
Updated 4 days ago

4
Total Beds

1909 S 22nd Ave, Maywood, IL 60153 - Photo 1

Price Reduced

-$4,900 (-2.04%)

$235,000

1909 S 22nd Ave Maywood, IL 60153

Single Family
Active
Updated 2 days ago

2
Beds
1
Total Bath
1,000
Sq. Ft.

1630 N 15th Ave, Melrose Park, IL 60160 - Photo 1

Sold

$450,000

1630 N 15th Ave Melrose Park, IL 60160

Multi-Family
Closed

6
Total Beds

1210 Norwood St, Melrose Park, IL 60160 - Photo 1

Sold

$465,000

1210 Norwood St Melrose Park, IL 60160

Single Family
Closed

3
Beds
3
Total Baths

1714 N 15th Ave, Melrose Park, IL 60160 - Photo 1

Sold

$545,000

1714 N 15th Ave Melrose Park, IL 60160

Multi-Family
Closed

8
Total Beds

1115 N 19th Ave, Melrose Park, IL 60160 - Photo 1

Sold

$465,000

1115 N 19th Ave Melrose Park, IL 60160

Multi-Family
Closed

11
Total Beds

1511 N 16th Avenue, Melrose Park, IL 60160 (MLS# 11903294) is a Multi-Family property that was sold at $525,000 on March 11, 2024. Want to learn more about 1511 N 16th 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.

1511 N 16th Ave Melrose Park, IL 60160