1012 N 24th Avenue

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Address: 1012 N 24th Ave, Melrose Park, IL 60160, USA
Chicago & Midwest + Apartment Buildings
Created date: July 29, 2026
Date last updated: October 3, 2026
Price: $479,900Investment Analyzer NEW!

Property Description

Exceptional investment opportunity in the heart of Melrose Park! This beautifully maintained all-brick 2-flat is perfect for buyers seeking strong rental income. Each spacious unit features 3 bedrooms, 1 full bathroom, central air, in-unit laundry, separate utilities, and generous kitchens with granite countertops and abundant cabinet space. The upper unit offers approximately 1,200 square feet plus a covered back deck, while the lower unit spans approximately 1,100 square feet and was beautifully renovated in 2023 with modern finishes and stainless steel appliances. This building offers a detached 2 car garage and plenty of parking space. Ideally located just steps from the Melrose Park Civic Center, soccer fields, public transportation, and the Melrose Park Metra Station, with easy access to major expressways. Whether you're expanding your investment portfolio or searching for the perfect home and income property, this is a rare opportunity you won't want to miss!!!

Key Property Information

Listing Status: Pending Sale
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $479,900
Year Built: 1894
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 6
Number of Bathrooms: 2
Address: 1012 N 24th Avenue, Melrose Park, IL 60160, USA
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Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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