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    1314 N 21St Ave Melrose Park, IL 60160

    New
    For Sale
    $419,000

    Residential Income, Prairie - Melrose Park, IL

    Lot size:
    0.15 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 12 at 8:06 am

    Property Features for 1314 N 21St Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    APN
    15033110110000
    Parking
    2
    Lot size
    0.15 Acres

    Utilities

    Heating system
    Baseboard, Natural Gas

    Building Details

    Year built
    1911
    Roof type
    Asphalt
    Architectural style
    Prairie

    RE/MAX Enterprises (630) 964-3000 [email protected]

    Listing agent Sylvana Menolascino (630) 964-3000 License #475137109

    Listing date Dec 10, 2025

    MLS# 12529395 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Melrose Park Residential Income Opportunity

    This well-maintained two-unit building presents an investment or related-living opportunity. Situated on a wide double lot, the property features a main level unit that has been freshly painted and includes two bedrooms, a generous living/dining room, and a bright kitchen with a breakfast bar. The upper unit also offers two bedrooms and a spacious eat-in kitchen. A full, unfinished basement provides a workshop, storage space, and convenient exterior access, suitable for entertaining in the large yard. Both units benefit from efficient hot-water heat. Newer wood-casement windows offer energy savings, excellent ventilation, and tight seals. The property also includes over 700 sq ft of attic space, with potential to duplex down into the finished basement. A newer roof is in place. Additional features include an extra-large detached garage, driveway parking, and parking at the rear of the building. Located in a prime location close to restaurants, groceries, and entertainment, with quick access to major roads and highways, this property is suitable for investors or buyers seeking related living.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Melrose Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8595533
    Latitude
    41.8992004

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    FAQs

    What type of property is this?
    Duplex - Solid two-unit building on a wide double lot.
    Where is this duplex located?
    The property is located at 1314 N 21St Ave Melrose Park, IL.
    What is the asking price?
    The asking price for this property is $419,000.
    What are key features of this property?
    This property features: - Solid 2-unit building on a wide double lot in a prime location, ideal for investment or related living.; - Lovingly maintained with newer roof and energy-efficient wood-casement windows.; - Main level freshly painted with 2 bedrooms, generous living/dining room, and bright kitchen with breakfast bar.
    (630) 964-3000
    Request Owner's contact information
    1314 N 21St Ave Melrose Park, IL 60160
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    Melrose Park, IL 60160
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1314 N 21St Ave Melrose Park, IL 60160
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