$415,000
PENDING

1005 N 22nd Ave Melrose Park, IL 60160

Estimated payment $2,814/month

Total Views 1,556
4 Beds
2 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Turnkey 2-Unit in Melrose Park - Fully Renovated in 2025, Fully Vacant, and Ready to Go Welcome to 1005 N 22nd Ave, a rare opportunity to own a completely updated two-flat offering modern finishes, strong rental potential, and flexibility for a variety of buyers. Whether you're an investor looking for reliable cash flow, a multi-generational household, or a buyer planning to lower your mortgage with rental income, this property delivers. Fully renovated in 2025, each unit features 2 bedrooms and 1 bathroom, with updated kitchens showcasing quartz countertops, stainless steel appliances, and sleek, contemporary design. Major systems have been replaced, including brand-new high-efficiency central heat and air, updated plumbing, and separate utilities (shared water). Additional highlights include: * Siding replaced in 2017 * Shared laundry area * Durable slab foundation for low maintenance * Both units are vacant and move-in ready * Private driveway fits up to 4 cars Located near shopping, dining, schools, and public transportation, this property blends comfort, convenience, and strong income potential. Live in one unit and rent the other, or rent both for maximum return-opportunities like this are rare. Agent has interest.

Listing Agent

Carmen Salerno

Compass License #475189808

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,977

Year Built

  • Built in 1946 | Remodeled in 2025

Home Design

  • Asphalt Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • Driveway

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,977

Year Built

Built in 1946 | Remodeled in 2025

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1946
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2025
  • ResoPropertyType: ResidentialIncome
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily
  • Year Renovated: 2025

Interior Features

  • Basement: None
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Central Air Conditioner

Exterior Features

  • List Price: 415000
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Parking Features: Driveway, On Site
  • ParkingTotal: 4

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 89

Lot Info

  • Lot Dimensions: 3300`
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 5977
  • Tax Year: 2023

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2025 04/06/25 Pending -- -- --
04/03/2025 04/03/25 For Sale $415,000 -- --
Source: Midwest Real Estate Data (MRED)

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12326797

Midwest Real Estate Data (MRED)