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Duplex With Finished Basement
For Sale
$375,000

125 N 22nd Avenue, Melrose Park, IL 60160

Two-unit layout includes private entrances, updated bathrooms, and a large off-street parking area.

Property SizeContact for details
Days on Market31

Property Features for 125 N 22nd Avenue

General Information

Standard status Active
Total Parking Spaces 5
Property subtype Residential Income
Zoning MULTI
Occupancy 50%

Site & Location

Highway Access Yes
Public Transit Yes

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $11,433

Building Details

Year Built 1954
Tenancy Single
Listing Agency: Keller Williams Innovate
Listed By: Sheena Baker · License #475144212
Source: Birdrealtysells
Added: Jul 30 Changed: Aug 28 Last Checked: Aug 28 at 11:30AM

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 Keller Williams Innovate

Investment Insights

Based on property information with market context.

Located at 125 N 22nd Avenue in Melrose Park, this duplex was built in 1954 and includes two residential units. One unit is occupied while the other is vacant. Both feature generous living areas, hardwood and tile flooring, full kitchens with cabinet storage, updated bathrooms, and separate entrances.

The finished basement adds living space and a full bathroom for flexible use. A large parking pad provides off-street parking. The property is zoned MULTI, and all required Village of Melrose Park compliance items have been completed. Shopping, dining, schools, parks, public transportation, and major expressways are located nearby.

Key Highlights

  • Two‑unit duplex with one occupied unit and one vacant unit
  • Finished basement with additional living space and a full bathroom
  • Each unit has a private entrance, full kitchen, and updated bathroom

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Skin Care Clinic Garden Center

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

2
Residential units
50%
Occupancy
Single-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,309
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

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Two-unit layout includes private entrances, updated bathrooms, and a large off-street parking area.
Where is this duplex located?
The property is located at 125 N 22nd Avenue Melrose Park, IL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑unit duplex with one occupied unit and one vacant unit; Finished basement with additional living space and a full bathroom; Each unit has a private entrance, full kitchen, and updated bathroom
More about this property
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