Essex Realty Group, Inc. has been exclusively engaged to market for sale 1942-1948 N. 17th Avenue, (2) 12 unit apartment buildings located in the Chicagoland suburb of Melrose Park. The buildings are comprised of (24) 1Bd/1Ba units and are situated on a 0.40 acre lot. The property is located just 1.5 miles from the Melrose Park Metra Station.
Located 13 miles west of downtown Chicago, the Village of Melrose Park encompasses 4.25 square miles. The Village is bordered by Franklin Park to the north, River Forest to the East, Bellwood to the south, and Elmhurst to the west.
With of population of roughly 25,000, the Melrose Park median household income is $44,724. Melrose Park has long been home to a large Italian-American population. Melrose Park’s school age children are serviced by Maywood-Melrose Park-Broadview School District 89 and Proviso Township High Schools District 209.
- 24 Total Units - (2 Buildings)
- All 1Bd/1Ba Units, Easy to Manage
- 9.96% Cap Rate
- 21.6% Cash-on-Cash
- 100% Occupied & Easy to Rent