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$903,000
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Property Description
Prime Investment Opportunity - Well-Maintained 6-Unit Brick Building Outstanding location! This attractive, free-standing ALL brick and stone 6-unit building has an exceptional rental history and has never been vacant. Conveniently located just steps from the new Amazon Fulfillment Center, this property offers strong rental demand and excellent investment potential. The building features: Five spacious 2-bedroom units, One 1-bedroom unit, A total of 10 parking spaces Recent improvements include: New concrete driveway with parking for 4 vehicles in front and 2 New Concrette-car parking in the rear, plus asphalt parking for the remaining spaces Total (10 Car Parking), ALL New Roof, gutters, and aluminum soffits, Some newe windows, Several updated bathrooms, New owned coin-operated washer and dryer, providing additional income, Newer tuckpointing, Current rents offer significant upside potential, as all rents include heat and cooking gas. With market-rate adjustments, a new owner may have the opportunity to substantially increase rental income. Ideally located near shopping, transportation, restaurants, and other everyday conveniences, this is a rare opportunity to acquire a solid, income-producing property in a high-demand location.
Full Property Details
Full Property Details for 1670 N 1st Ave
General
- Sold For: $903,000
- Taxes: $11,435 (2024)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12726844
Interior
- Interior Features: Laundry Room
Location
- Area: Melrose Park
- County: Cook
- Driving Directions: Cumberland to North Ave JUST SOUTH OF NORTH AVENUE Is N 1st Ave To Building
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Gas, Hot Water, Baseboard
Structural Information
- Construction: Brick, Stone
- Exterior Const.: Brick, Stone
- Basement Desc.: None
- Stories/Levels: 3
- Square Feet: 3,510
- Current Bldg. Use: Multi-Family
- Year Built: 1960
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 1
Lot Features
- Lot Size (Sq. Ft.): 6,840
- Lot Dimensions: 45 x 152
- Zoning: OTHER
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $10,952
- Assessment Year: 1960
- Tax Amount: $11,435
- Tax Year: 2024
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 15021110910000
Listed by Century 21 Circle
Sold by @properties Christie's International Real Estate
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Schools
Schools serving 1670 N 1st 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 | 0.6 mi |
Stevenson Middle School 1630 North 20th Avenue, Melrose Park, IL 60160 | 6-8 | 1.2 mi |
Proviso East High School 807 South 1st Avenue, Maywood, IL 60153 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
1670 N 1st Avenue, Melrose Park, IL 60160 (MLS# 12726844) is a Commercial property that was sold at $903,000 on October 16, 2026. Want to learn more about 1670 N 1st Avenue? Do you have questions about finding other Commercial 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.

