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    2032 N 18Th Ave Melrose Park, IL 60160

    Sponsored
    For Sale
    Under Contract
    $159,000

    Residential Income - Melrose Park, IL

    Days on Market:
    90
    Last Refresh:
    Jan 7 at 12:06 am

    Property Features for 2032 N 18Th 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
    5
    APN
    12343020880000
    Parking
    4

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1920
    Architectural style
    Other

    Real Broker LLC (630) 439-6385 [email protected]

    Listing agent Landon Kelly (217) 960-8605 License #475199429

    Listing date Oct 10, 2025

    MLS# 12426746 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 Income Opportunity

    Located in Melrose Park, Illinois, this residential income property presents an investment opportunity. The property features two units: one with a 3-bedroom, 1-bathroom layout on the main level, and another with a 2-bedroom, 1-bathroom setup upstairs. This arrangement is suitable for related living arrangements or potential rental income. A large, unfinished basement offers additional value-add potential. The property requires a full rehabilitation. It is being sold as-is.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Melrose Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8563842
    Latitude
    41.9130482

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    FAQs

    What type of property is this?
    Duplex - Melrose Park duplex with rehab potential for investors or owner-occupants.
    Where is this duplex located?
    The property is located at 2032 N 18Th Ave Melrose Park, IL.
    What is the asking price?
    The asking price for this property is $159,000.
    What are key features of this property?
    This property features: - Prime Melrose Park location; - Potential rental income or related living setup with 3 bed, 1 bath on main level and 2 bed, 1 bath upstairs; - Large unfinished basement offers value-add opportunity
    (630) 439-6385
    Request Owner's contact information
    2032 N 18Th 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
    2032 N 18Th Ave Melrose Park, IL 60160
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