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Duplex with Full Basement
New
For Sale
$399,900

1402 N 16th Avenue Melrose, Melrose Park, IL 60160

Two-unit property with a full basement, patio, and separate steam and baseboard heating systems.

Property SizeContact for details
Days on Market6

Property Features for 1402 N 16th Avenue Melrose

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Multifamily Units 2

Amenities

Steam
Baseboard
Patio, Asphalt

Building Details

Buildings 1
Listing Agency: ERA Partners
Listed By: Israel Rivera
Source: Kw
Added: Sep 9 Last Checked: Sep 13 at 10:58AM

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 ERA Partners

Investment Insights

Based on property information with market context.

This duplex contains two residential units and occupies a double lot. A full basement provides additional interior area, while the property also includes a patio and asphalt exterior surfaces. Heating features include steam and baseboard systems. A metal staircase was recently installed. The property is offered in as-is condition, allowing the next owner to determine and complete future updates based on their plans.

Key Highlights

  • Two‑unit duplex on a double lot
  • Full basement provides additional interior space
  • Steam and baseboard heating systems

Property Analytics

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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

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,576
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Two-unit property with a full basement, patio, and separate steam and baseboard heating systems.
Where is this duplex located?
The property is located at 1402 N 16th Avenue Melrose 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: Two‑unit duplex on a double lot; Full basement provides additional interior space; Steam and baseboard heating systems
More about this property
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