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Duplex with Full Basement
For Sale
$399,900

1402 N 16th Avenue, Melrose Park, IL 60160

MULTI_FAMILY - Colonial - Melrose Park, IL

Property SizeContact for details
Days on Market14

Property Features for 1402 N 16th Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 8
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 8, Bedroom 2, Laundry Room, Utility Room, Basement, Bedroom 4, Bedroom 7, Bathroom 1, Bathroom 3, Game Room, Bedroom 3, Bathroom 2
Parking 5
Parking features Owned, Garage, Open, Driveway
Window features Screens
Patio and Porch features Patio
Fencing Fenced
Basement Walk-Out Access, Finished, Full
Lot features Corner Lot
Elementary school Jane Addams Elementary School
Middle school Stevenson Elementary School
High school Proviso East High School
Elementary school district 89
Middle school district 89
High school district 209
Directions North Ave to 19th Ave (Broadway) south to Haddon east to 16th Ave. Property is on north west corner.
Subdivision Melrose Park
Standard status Active
APN 15034000220000

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 7194

Utilities

Sewer type Public Sewer
Heating system Steam, Baseboard

Building Details

Building materials Frame
Roof type Asphalt
Architectural style Colonial
Listing Agency: ERA Partners
Listed By: Israel Rivera
Added: Jul 27 Changed: Aug 2 Last Checked: Aug 9 at 4:06PM
MLS# 12716781

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.

Investment Insights

Based on property information with market context.

Located at 1402 N 16th Avenue in Melrose Park, this Colonial-style duplex sits on a double lot and offers a full basement for extra space. The building is described as a 2-unit structure and includes a substantial interior layout with multiple bedrooms and bathrooms, plus dedicated laundry and utility rooms and a game room.

Recent improvement includes a metal staircase that has been installed. The property is being sold as-is. Exterior features include a patio and a fenced yard.

From an infrastructure standpoint, the home is built with frame construction and served by public sewer. Heating is provided via steam and baseboard systems, and the roof is listed as asphalt. Parking features include an owned garage along with open parking and driveway space.

Key Highlights

  • 2‑unit duplex on a double lot with a full basement for extra space
  • Colonial‑style frame construction with asphalt roof
  • Metal staircase recently installed

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Garden Center (Bike/Boat/Book/etc) Store Veterinary Clinic Butcher Parking Lot & Garage

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,478
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 - Frame duplex on a double lot with a full basement, steam and baseboard heat, and fenced yard.
Where is this duplex located?
The property is located at 1402 N 16th Avenue Melrose Park, IL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2‑unit duplex on a double lot with a full basement for extra space; Colonial‑style frame construction with asphalt roof; Metal staircase recently installed
More about this property
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