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Melrose Park Homes For Sale

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Newest Melrose Park Homes For Sale

$439,000
3 Beds 3 Baths 12168261 MLS ACTIVE Status
This charming property offers a warm and inviting atmosphere with beautiful hardwood floors throughout and stunning cathedral ceilings, complete with skylights that let in plenty of natural light. The spacious living areas are perfect for both relaxing and entertaining. Step outside to the backyard, where you'll find a built-in grill and a fenced yard, ideal for summer barbecues and outdoor fun. The primary bedroom is your own private retreat, featuring a spa-like space for ultimate relaxation. Every bedroom offers generous closet space, ensuring everyone has room to make themselves at home. With an attached apartment on the second floor that includes its own kitchen, bathroom, and private entrance, this home is perfect for guests, in-laws, or even as a potential rental opportunity. This home is not just beautiful, but also well-maintained with key updates already in place. The air conditioning is only 2 years old, while the furnace and water heater were both replaced 5 years ago, ensuring comfort and efficiency. Plus, the roof skylight was recently installed in November 2023, adding modern touches to the already stunning design. You can move in with peace of mind knowing the home's systems are up-to-date! Conveniently located near highways, public transportation, and the Metra station, this home makes commuting a breeze. This is the perfect place to settle down and make lasting memories.

10616 W Fullerton Avenue, Melrose Park

$559,000
7 Beds 5 Baths 12095359 MLS ACTIVE Status
Welcome to a lucrative opportunity nestled in the heart of Melrose Park, where prime real estate meets exceptional potential. This property offers a blend of comfortable living space and exceptional rental income potential, making it ideal for investors looking to maximize returns in the real estate market, as well as a unique option to have a unit to reside in. This investment gem sits within close proximity to constantly developing shopping centers, major highways, schools, parks, and public transportation. Its strategic location not only enhances its desirability for tenants and investors alike, but also presents long-term appreciation in property value. A well-maintained 4-unit brick building comprises of three spacious 2-bedroom apartments and one large single-bedroom unit. A Large laundry room with coin operated washer and dryer and additional storage for each apartment. A Shed located in the back of the property, along with a common picnic area. The building also has 5 parking spots, a highly-desirable feature in the area. The building is equipped with a newer roof and gutters (2017) as well as new fire-resistant doors. All units are currently occupied by long-term tenants. With the current lower rents, the capitalization rate is 6.15 precent . With brought up to market value rent, the capitalization rate rises above 8.4 precent ! This property offers investors a rare opportunity for substantial returns on their investment in today's flourishing market. Whether you're looking to diversify your portfolio, generate passive income, or secure a residence with income potential, this investment promises to deliver both financial rewards and lifestyle benefits. One of the owners is a licensed real estate agent.

1914 N 18Th Avenue, Melrose Park

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