Renovated Apartment
For Sale
Contact for pricing
171 N 25th Ave., Melrose Park, IL 60160
Twenty-unit multifamily property with a 2019 ground-floor conversion and extensive building system upgrades.
Property SizeContact for details
Days on Market145
Property Features for 171 N 25th Ave.
General Information
Standard status
Active
Property subtype
Multifamily
Units
Unit Mix
9 x 1BR, 10 x 2BR, 1 x 2BR/2BA
Multifamily Units
20
Additional Details
Sprinkler System
Yes
Building Details
Year Renovated
2019
Buildings
1
Listing Agency:
Interra Realty, LLC
Listed By:
Paul Waterloo · License #IL
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 7:32PM
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 Interra Realty, LLC
Investment Insights
Based on property information with market context.
This 20-unit apartment property in Melrose Park includes nine one-bedroom apartments and eleven two-bedroom apartments, with one two-bedroom residence offering two bathrooms. A 2019 adaptive reuse project transformed the ground floor from retail space into 10 ADA-accessible apartments. Those residences include individual HVAC systems, dedicated in-unit hot water heaters, updated electrical service, and new plumbing.
Subsequent property improvements include a new main electrical service, steel porches, numerous replacement windows, a ground-floor sprinkler system, a new parking lot, and a pitched roof. The property is located at 171 N. 25th Ave. in Melrose Park, a western suburb of Chicago.
Subsequent property improvements include a new main electrical service, steel porches, numerous replacement windows, a ground-floor sprinkler system, a new parking lot, and a pitched roof. The property is located at 171 N. 25th Ave. in Melrose Park, a western suburb of Chicago.
Key Highlights
- 20‑unit apartment building with nine one‑bedroom and eleven two‑bedroom apartments
- 2019 adaptive reuse created 10 ADA‑accessible ground‑floor apartments
- Unit features include individual HVAC, in‑unit hot water heaters, new electrical service, and new plumbing
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,232
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Twenty-unit multifamily property with a 2019 ground-floor conversion and extensive building system upgrades.
Where is this apartment building located?
The property is located at 171 N 25th Ave. Melrose Park, IL.
What are key features of this property?
This property features: 20‑unit apartment building with nine one‑bedroom and eleven two‑bedroom apartments; 2019 adaptive reuse created 10 ADA‑accessible ground‑floor apartments; Unit features include individual HVAC, in‑unit hot water heaters, new electrical service, and new plumbing
