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Two-Unit Residential Income Property
New
For Sale
$432,000

1402 N 15th Avenue Melrose, Melrose Park, IL 60160

Oversized two-unit property with a full basement, corner lot, and a 4-car garage, sold AS-IS.

Lot Size0.15 Acres
Days on Market5

Property Features for 1402 N 15th Avenue Melrose

General Information

Standard status Active
Total Parking Spaces 4
Lot size 0.15 Acres
Property subtype Multi-Family

Additional Details

Multifamily Units 2

Amenities

Natural Gas
Forced Air
Radiant
Asphalt

Building Details

Year Built 1932
Tenancy Multi
Listing Agency: United Real Estate - Chicago
Listed By: Rosa Bueno · License #475133310
Source: Kw
Added: Jul 26 Changed: Jul 27 Last Checked: Jul 29 at 12:44PM

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 United Real Estate - Chicago

Investment Insights

Based on property information with market context.

This oversized two-unit residential income property includes a full basement and is situated on a corner lot. The building was originally constructed as a four-unit property and was later converted into a two-unit residence. Each unit has access to its own side of the basement, supporting practical separation within the structure.

A 4-car garage is also included. The property is being sold AS-IS, and the seller will make no repairs or provide credits for repairs.

Buyers should review the property condition carefully and plan accordingly, as no improvements are being offered as part of the sale.

Key Highlights

  • Oversized two‑unit property on a 6,600 sq. ft. corner lot
  • Full basement with separate access from each unit
  • 4‑car garage

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Garden Center (Bike/Boat/Book/etc) Store Veterinary Clinic Butcher Tattoo & Piercing Shop

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
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,267
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
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Frequently Asked Questions

What type of property is this?
Duplex - Oversized two-unit property with a full basement, corner lot, and a 4-car garage, sold AS-IS.
Where is this duplex located?
The property is located at 1402 N 15th Avenue Melrose Melrose Park, IL.
What is the asking price?
The asking price for this property is $432,000.
What are key features of this property?
This property features: Oversized two‑unit property on a 6,600 sq. ft. corner lot; Full basement with separate access from each unit; 4‑car garage
More about this property
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