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Brick & Stone Six-Unit Building
For Sale
Contact for pricing
Pending

1670 N 1st 1670 1st Ave, Melrose Park, IL 60160

Freestanding brick-and-stone building with six units and 9 parking spots, plus coin-operated laundry on-site.

Property SizeContact for details
Days on Market121

Property Features for 1670 N 1st 1670 1st Ave

General Information

Standard status Pending
Total Parking Spaces 9
Property subtype Multifamily

Additional Details

Multifamily Units 6

Building Details

Construction brick & stone
Tenancy Multi
Listing Agency: Century 21 Affiliated Lincolnwood
Listed By: Kief Mkrdichian · License #IL 475091590
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Aug 9 at 8:07AM

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 Century 21 Affiliated Lincolnwood

Investment Insights

Based on property information with market context.

This freestanding brick and stone multifamily building contains a total of six units, including five two-bedroom apartments and one one-bedroom apartment. Several units have been updated, and the property includes owned coin-operated washer and dryer facilities located in a shared utility room.

The building is equipped with 9 parking spots. Per the remarks, 3 tenants pay an additional $40 per month per parking spot. Rents are described as including heat.

The property also notes newer tuck-pointing. The offering is for sale, and the current unit mix and on-site laundry are established features intended to support day-to-day operations.

Key Highlights

  • Freestanding brick‑and‑stone building with 6 units: five 2‑bedroom units and one 1‑bedroom unit
  • Includes 9 parking spots; 3 tenants pay $40/month extra per parking spot
  • Owned coin‑operated washer and dryer in the utility room for additional income

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Electrical Service Grocery & Convenience Store Garden Center (Bike/Boat/Book/etc) Store Home Appliance Store

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

6
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

769
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?
Apartment building - Freestanding brick-and-stone building with six units and 9 parking spots, plus coin-operated laundry on-site.
Where is this apartment building located?
The property is located at 1670 N 1st 1670 1st Ave Melrose Park, IL.
What are key features of this property?
This property features: Freestanding brick‑and‑stone building with 6 units: five 2‑bedroom units and one 1‑bedroom unit; Includes 9 parking spots; 3 tenants pay $40/month extra per parking spot; Owned coin‑operated washer and dryer in the utility room for additional income
More about this property
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