Adam Edstrom
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
Open Houses
Sun, Apr 26th 11:00am - 1:00pm
Description
Solid brick 2-flat in the heart of Melrose Park, ideal for investors! Both spacious units offer 3 bedrooms, 1.5 bathrooms, central air, in-unit laundry, and separate utilities, with modern layouts and private entrances. The second unit is currently rented for $1,800/month and features a new water heater, while the first unit is leased at $1,900/month - bringing total monthly rental income to $3,700. Rental comps in the area show potential up to $2,100/month, leaving room to increase cash flow. The property also includes a rare 7-car parking pad in the rear. Conveniently located near schools, shopping, parks, and expressways. A great opportunity for investors looking to add a fully occupied, income-producing property to their portfolio. Please note: photos of Unit 1 are from a previous tenant.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 6
Bathrooms: 4
County: Cook
High School: Rhodes Elementary School
Listed By:
Keller Williams Premiere Properties
630-545-9860
MRED MLS
MLS ID: 12626222
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2029 19th Avenue , Melrose Park, IL 60160.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $480,000 | $480,000 | $480,000 |
| Down Payment | $96,000 | $16,800 | $120,000 |
| Monthly Mortgage Amount | $2,272 | $2,826 | $2,918 |
| Taxes | $668 | $668 | $668 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $211 | $0 |
| Monthly Estimated Total | $3,080 | $3,845 | $3,726 |
Adam Edstrom
REALTOR®
Cell: (563) 210-6814
Licensed in IA & IL
DeWitt Office
903 Sixth Avenue
DeWitt, IA 52742
(563) 659-9433
DeWitt, IA 52742
(563) 659-9433
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