Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    805 N 22Nd Ave Melrose Park, IL 60160

    For Sale
    $899,700

    Commercial Sale - Melrose Park, IL

    Property size:
    5,655 SF
    Lot size:
    0.05 Acres
    Days on Market:
    133
    Last Refresh:
    Dec 15 at 8:06 am

    Property Features for 805 N 22Nd Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    APN
    15033510050000
    Size
    5,655 SF
    Lot size
    0.05 Acres

    Building Details

    Year built
    1961
    Number of units
    6
    Architectural style
    Other

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

    Listing agent Neil Gates (630) 527-0095 License #475174838

    Listing date Aug 5, 2025

    MLS# 12437624 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

    Turn Key Six-Unit Building

    This is a six-unit building with tenants in all units. The property includes five two-bedroom units and one garden-level unit. As of November 18, four of the units have been recently renovated. All units are currently rented and generating income. The financials provided are based on the full year 2024. The property is located in Melrose Park, Illinois. The lot size is 0.05 acres, and the building size is 5,655 square feet. The zoning is MULTI.
    Property Profile 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
    -87.8601655
    Latitude
    41.894322

    Nearby Similar for Sale

    • $499,000

      Melrose Park Residential Income Property

      Two-flat with yard and garage in Melrose Park, Illinois.
      1630 N 15Th Ave, Melrose Park, IL 60160
      View Details
    • $650,000

      Melrose Park Three-Flat For Sale

      Brick three-flat with eight bedrooms in a superb neighborhood.
      1114 N 11Th Ave, Melrose Park, IL 60160
      View Details
    • $529,990

      Melrose Park Brick 2-Flat

      Melrose Park 2-flat with immediate cash flow potential.
      2029 19Th Ave, Melrose Park, IL 60160
      View Details
    • $425,000

      Melrose Park Brick Two-Flat

      Two-flat residential income property with four bedrooms and two baths.
      1815 N 22Nd Ave, Melrose Park, IL 60160
      View Details
    • New
      $419,000
      0.15 Acres

      Melrose Park Residential Income Opportunity

      Solid two-unit building on a wide double lot.
      1314 N 21St Ave, Melrose Park, IL 60160
      View Details
    • $625,000

      Melrose Park Multi-Unit Income Property

      All brick 3-unit building with garage, updated systems.
      1306 N 36Th Ave, Melrose Park, IL 60160
      View Details

    FAQs

    What type of property is this?
    Apartment building - Fully tenanted six-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 from all units.; - 4 out of 6 units are recently rehabbed.
    (630) 527-0095
    Request Owner's contact information
    805 N 22Nd Ave Melrose Park, IL 60160
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    805 N 22Nd Ave
    Melrose Park, IL 60160
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.