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Brick Two-Unit Duplex

1012 N 24th Avenue Melrose, Melrose Park, IL 60160

For Sale
$470,000

Two three-bedroom units offer central air, in-unit laundry, and separate utilities.

Property SizeContact for details
Days on Market55

Property Features for 1012 N 24th Avenue Melrose

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multi-Family

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 2 x 3BR/1BA
Multifamily Units 2

Amenities

Central Air
In-Unit Laundry
Separate Utilities
Granite Countertops
Stainless Steel Appliances
Covered Back Deck
Natural Gas
Forced Air
Asphalt

Building Details

Year Built 1894
Buildings 1
Construction All Brick
Listing Agency: T.K. Realty Inc
Listed By: Oralia Herrera · License #471000493
Source: Kw
Added: Sep 16 Changed: Nov 5 Last Checked: Nov 8 at 8:26AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of T.K. Realty Inc

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Investment Insights

Based on property information with market context.

This all-brick duplex contains two three-bedroom apartments, each with one full bathroom, central air, in-unit laundry, and separate utilities. Both units include spacious kitchens with granite countertops and substantial cabinet storage. The upper apartment measures approximately 1,200 square feet and includes a covered rear deck, while the lower apartment offers approximately 1,100 square feet and was renovated in 2023 with updated finishes and stainless steel appliances.

The property also includes a detached two-car garage and additional parking. Its Melrose Park setting places the building near the Civic Center, soccer fields, public transportation, and the Melrose Park Metra Station, with access to major expressways. Built in 1894, the property combines a traditional brick exterior with distinct unit-level features suited to a two-unit residential income asset.

Key Highlights

  • Two three‑bedroom, one‑bathroom units with central air and in‑unit laundry
  • Upper unit offers approximately 1,200 square feet and a covered rear deck
  • Lower unit spans approximately 1,100 square feet and was renovated in 2023

Property Analytics

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,232
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

Market

Properties on Market for Duplexes in Cook County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two three-bedroom units offer central air, in-unit laundry, and separate utilities.
Where is this duplex located?
The property is located at 1012 N 24th Avenue Melrose Melrose Park, IL.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Two three‑bedroom, one‑bathroom units with central air and in‑unit laundry; Upper unit offers approximately 1,200 square feet and a covered rear deck; Lower unit spans approximately 1,100 square feet and was renovated in 2023
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