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6-Unit Brick Apartment Building
For Sale
Under Contract
$869,000

1670 N 1st Avenue, Melrose Park, IL 60160

Commercial Sale, Melrose Park, IL

Property SizeContact for details
Lot Size0.16 Acres
Days on Market49

Property Features for 1670 N 1st Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 36
Bathrooms 21
Full bathrooms 21
Rooms Bathroom 12, Bedroom 5, Bedroom 21, Bedroom 23, Bathroom 5, Bathroom 15, Bedroom 32, Bathroom 16, Bedroom 4, Bathroom 2, Bedroom 15, Bathroom 13, Bedroom 18, Bedroom 22, Bedroom 16, Bathroom 8, Bedroom 10, Bathroom 10, Bedroom 27, Bathroom 6, Bathroom 11, Bathroom 7, Bedroom 7, Bedroom 31, Bedroom 17, Bathroom 20, Bathroom 21, Bathroom 4, Bedroom 28, Bathroom 17, Bedroom 12, Bedroom 14, Bathroom 3, Bedroom 9, Bedroom 6, Bedroom 1, Bedroom 8, Bathroom 19, Bedroom 20, Bathroom 14, Bathroom 1, Bedroom 13, Bedroom 25, Bedroom 2, Bedroom 11, Bedroom 24, Bedroom 33, Bedroom 26, Bedroom 3, Bedroom 30, Bedroom 19, Bathroom 18, Bedroom 29, Bedroom 36, Bedroom 35, Bedroom 34, Bathroom 9
Directions Cumberland to North Ave JUST SOUTH OF NORTH AVENUE Is N 1st Ave To Building
Subdivision Melrose Park
Standard status Active Under Contract
APN 15021110910000
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 11435

Utilities

Cooling system Window Unit(s)

Amenities

coin-operated washer and dryer

Building Details

Year built 1960
Floors in Building 3
Number of units 6
Building materials Brick, Stone
Listing Agency: Century 21 Circle · Coldwell Banker Real Estate
Listed By: Kief Mkrdichian · License #471010623
Added: Aug 7 Changed: Sep 12 Last Checked: Sep 24 at 6:06AM
MLS# 12726844

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 6-unit apartment building at 1670 N 1st Avenue in Melrose Park combines brick and stone construction with a unit mix of five 2-bedroom apartments and one 1-bedroom apartment. The property was built in 1960 and includes 10 parking spaces, window-unit cooling, and an owned coin-operated washer and dryer. Recent work includes a new roof, gutters, aluminum soffits, concrete driveway improvements, newer tuckpointing, some new windows, and several updated bathrooms.

The property is located near the Amazon Fulfillment Center and within reach of shopping, transportation, restaurants, and everyday services. Rents include heat and cooking gas. The 0.157-acre site provides front and rear parking areas, with four concrete spaces in front, two additional concrete spaces in the rear, and asphalt parking for the remaining spaces.

Key Highlights

  • 6‑unit configuration with five 2‑bedroom apartments and one 1‑bedroom apartment
  • 10 parking spaces across front and rear parking areas
  • Brick and stone construction; built in 1960

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Electrical Service Grocery & Convenience Store Garden Center (Bike/Boat/Book/etc) Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

769
Businesses Nearby

Demographics for 60160, IL

24,776
Population
8,947
Households
2.8
Avg Household Size
35
Median Age
15%
College-Educated
71%
High-School Grad
4.6 sq mi
ZIP Area
5,386
Density / Sq Mi
$64,740
Median Household Income
$39,722
Median Earnings
$1,194
Median Rent
$265,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Brick construction includes one- and two-bedroom apartments with on-site parking and updated building components.
Where is this apartment building located?
The property is located at 1670 N 1st Avenue Melrose Park, IL.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: 6‑unit configuration with five 2‑bedroom apartments and one 1‑bedroom apartment; 10 parking spaces across front and rear parking areas; Brick and stone construction; built in 1960
More about this property
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