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    1630 N 15Th Ave Melrose Park, IL 60160

    New
    Under Contract
    For Sale
    $499,000

    Residential Income - Melrose Park, IL

    Days on Market:
    5
    Last Refresh:
    Dec 6 at 4:06 am

    Property Features for 1630 N 15Th Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    APN
    15032060280000
    Parking
    3

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1931
    Architectural style
    Other

    Weichert, Realtors-Nickel Group (708) 848-5550 [email protected]

    Listing agent Donna Serpico (708) 848-5550 License #475130127

    Listing date Dec 2, 2025

    MLS# 12488343 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 Property

    This charming two-flat property, located in Melrose Park, Illinois, has historically housed multiple generations. The main floor features three bedrooms, a living room, a dining room, and a bonus room located off the back hall, formerly an enclosed deck. The second floor includes three bedrooms and a large living room. The basement contains a family/party room, complete with a built-in sideboard and a large table, as well as a laundry room. The property also includes a large yard and a two-car garage. The property is being sold in its current condition.
    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 Clothing Store Nail Salon 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
    -87.8524649
    Latitude
    41.9032859

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    FAQs

    What type of property is this?
    Duplex - Two-flat with yard and garage in Melrose Park, Illinois.
    Where is this duplex located?
    The property is located at 1630 N 15Th Ave Melrose Park, IL.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Two-flat property offering rental income potential or ideal for multi-generational living.; - Each of the first and second floors boasts three bedrooms.; - Basement features a family/party room, complete with a built-in sideboard and large table.
    (708) 848-5550
    Request Owner's contact information
    1630 N 15Th 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
    1630 N 15Th Ave Melrose Park, IL 60160
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