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Two-Unit Residential Property
New
For Sale
$250,000

1513 N 32nd Avenue, Melrose Park, IL 60160

Renovation project with separate living spaces and possible single-family conversion, subject to municipal requirements and approvals.

Property Size2,173 SF
Price / SF$115.05
Days on Market5

Property Features for 1513 N 32nd Avenue

General Information

Standard status Active
Size 2,173 SF
Total Parking Spaces 6
Property subtype Residential Income

Property Condition

Severity Repairs Needed
Evidence handyman special

Site & Location

Highway Access Yes
Public Transit Yes

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $7,902

Building Details

Year Built 1955
Listing Agency: eXp Realty
Listed By: Fernando Godoy · License #475155825
Source: Midwestrealestate
Added: Aug 18 Changed: Aug 22 Last Checked: Aug 22 at 4:21AM

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 eXp Realty

Investment Insights

Based on property information with market context.

This two-unit residential property contains approximately 2,173 square feet, with 5 total bedrooms and 2 bathrooms. Built in 1955, the existing configuration provides a foundation for a substantial renovation while retaining its duplex layout or reworking the building into one larger single-family residence, subject to municipal requirements and approvals.

The property is located at 1513 N 32nd Avenue in Melrose Park, within an established residential setting. North Avenue and Mannheim Road connect the area with nearby western suburbs, while I-290 and I-294 provide regional access toward downtown Chicago, O'Hare International Airport, and surrounding employment centers. Metra service, parks, recreational facilities, shopping, restaurants, grocery stores, healthcare, and other services are also available in the surrounding area.

Key Highlights

  • Two‑unit property with approximately 2,173 square feet
  • 5 total bedrooms and 2 bathrooms
  • Built in 1955

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Skin Care Clinic Garden Center Butcher Nursing Home

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
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,135
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 - Renovation project with separate living spaces and possible single-family conversion, subject to municipal requirements and approvals.
Where is this duplex located?
The property is located at 1513 N 32nd Avenue Melrose Park, IL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑unit property with approximately 2,173 square feet; 5 total bedrooms and 2 bathrooms; Built in 1955
More about this property
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