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$319,900 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 5 Total Beds
  • 1 Car Garage
  • Updated 15 hours ago
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Exceptional investment opportunity in this 2-unit apartment building! Fully rented and with no history of vacancies, this income-producing property offers the stability investors are looking for. The building features a spacious 3-bedroom unit and a comfortable 2-bedroom unit, providing strong rental appeal to a wide range of tenants. A 1-car garage adds convenience and value. Purchase today and start collecting residual income immediately with tenants already in place and a proven rental history.

Full Property Details for 1622 N 40th Ave

General

  • Price: $319,900
  • Taxes: $7,622 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12701140
  • Updated: 7/17/2026
  • Added to Site: 4 day(s) ago

Interior

  • Basement: None

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Upper - Full Baths: 2

Bedrooms

  • Total Bedrooms: 5

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Total Spaces: 1
  • Parking Features: Yes, Garage Owned, Detached, Garage

Location

  • Area: Stone Park
  • County: Cook
  • Township: Proviso
  • Driving Directions: MANNHIEM TO DIVISION E TO 40TH N TO PROPERTY

School Information

  • School District: 88
  • Elem School District: 88
  • Midd School District: 88
  • High School District: 209

Heating & Cooling

  • Heating Type: Steam, Baseboard

Utilities

  • Sewer: Storm Sewer
  • Water: Lake Michigan

Structural Information

  • Model: 2 story
  • Construction: Frame
  • Exterior Const.: Frame
  • Basement Desc.: None
  • Year Built: 1945
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 2

Manufactured Home

  • Model: 2 story

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 30 x 125
  • Zoning: OTHER

Financial Considerations

  • Assessment Year: 1945
  • Tax Amount: $7,622
  • Tax Year: 2024
  • Pays Sewer: Storm Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: Short Sale
  • Property ID: 15041160750000

Listed by T.K. Realty Inc

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Listing agents

— 1622 N 40th Ave —

  • T.K. Realty Inc

  • T.K. Realty Inc

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1622 N 40th Ave

School Districts:Bellwood School District 88, Proviso Township High School District 209
NameGradesDistance
Grant Elementary School, Melrose Park, IL
1300 34th Avenue, Melrose Park, IL 60160
1-50.4 mi
Grant Primary
1801 36th Avenue, Stone Park, IL 60165
K-0.4 mi
Roosevelt Middle School, Bellwood, IL
2500 Oak Street, Bellwood, IL 60104
6-81.4 mi
Proviso West High School
4701 Harrison Street, Hillside, IL 60162
9-122.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1622 N 40th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/17/2026
Listed
$319,900
527.25%
MLS
1/26/2013
Sold
$51,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1622 N 40th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$7,622
-25%
$18,064
-12%
2022
$10,126
1%
$20,563
—
2021
$10,021
3%
$20,563
—
2020
$9,714
33%
$20,563
45%
2019
$7,278
—
$14,181
—
2018
$7,254
-4%
$14,181
-7%
2017
$7,573
6%
$15,225
11%
2016
$7,128
3%
$13,766
—
2015
$6,889
3%
$13,766
—
2014
$6,691
14%
$13,766
1%
2013
$5,850
3%
$13,664
—
2012
$5,662
—
$13,664
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by T.K. Realty Inc

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1622 N 40th Avenue, Stone Park, IL 60165 (MLS# 12701140) is a Multi-Family property with 2 units containing 5 bedrooms and 0 full bathrooms. 1622 N 40th Avenue is currently listed for $319,900 and was received on July 17, 2026. Want to learn more about 1622 N 40th Avenue? Do you have questions about finding other Multi-Family real estate for sale in Stone Park? You can browse all Stone Park real estate or contact a Coldwell Banker agent to request more information.

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