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    805 N 22Nd Ave Melrose Park, IL 60160

    Sponsored
    For Sale
    $899,700

    MULTI_FAMILY - Melrose Park, IL

    Lot size:
    0.05 Acres
    Days on Market:
    32
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 805 N 22Nd Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    Rooms
    Bedroom 3, Bedroom 7, Bedroom 9, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 4, Bedroom 6, Bedroom 8, Bedroom 5, Bedroom 2, Bathroom 5, Bedroom 10, Basement, Bedroom 11, Bathroom 4, Bathroom 6, Bathroom 2
    Bedrooms
    11
    APN
    15033510050000
    Basement
    Finished, Daylight, Partial
    Lot size
    0.05 Acres

    Building Details

    Year built
    1961
    Floors in Building
    2
    Number of units
    6
    Building materials
    Brick

    Chase Real Estate, LLC (630) 527-0095 [email protected]

    Listing agent Neil Gates (630) 528-0497

    Listing date Dec 5, 2025

    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.

    Overview

    Turnkey 6-Unit Multifamily Property

    This is a 6-unit multifamily property located in Melrose Park, Illinois. All units are currently tenanted. The unit mix includes two-bedroom apartments, with one garden-level unit differing in layout. As of November 18, recent photographs and a 3-D tour are available. Four of the units have been recently renovated. The property is situated on a lot of approximately 0.05 acres. The zoning is classified as MULTI. Financial information provided is based on the full year 2024.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Melrose Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.860173
    Latitude
    41.894398

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    FAQs

    What type of property is this?
    Apartment building - Fully tenanted 6-unit building in Melrose Park, Illinois.
    Where is this apartment building located?
    The property is located at 805 N 22Nd Ave Melrose Park, IL.
    What is the asking price?
    The asking price for this property is $899,700.
    What are key features of this property?
    This property features: - Turnkey 6-unit building with tenants in all units.; - Exceptional rental income based on 2024 financials.; - 4 out of 6 units are recently rehabbed.
    (630) 527-0095
    Request Owner's contact information
    805 N 22Nd 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
    805 N 22Nd Ave Melrose Park, IL 60160
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