Turnkey 6-Unit Apartment
For Sale
$869,700
805 N 22nd Avenue, Melrose Park, IL 60160
MULTI_FAMILY - Melrose Park, IL
Lot Size0.05 Acres
Days on Market206
Property Features for 805 N 22nd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
11
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 11, Bathroom 3, Bedroom 10, Bathroom 6, Bathroom 2, Bedroom 7, Bedroom 6, Bathroom 4, Bathroom 5, Basement, Bedroom 9, Bathroom 1, Bedroom 1, Bedroom 8
Basement
Partial, Daylight, Finished
Directions
Take N 25th Ave to W Lake St and go West to 22nd and go left. Building is directly on your right. Street parking or very small lot next to building
Subdivision
Melrose Park
Standard status
Active
APN
15033510050000
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
13581
Building Details
Year built
1961
Floors in Building
2
Number of units
6
Building materials
Brick
Listing Agency:
Chase Real Estate LLC
(630) 527-0095
Listed By:
Neil Gates · License #475174838
(630) 527-0095
Added: Jan 5
Changed: Jul 28
Last Checked: Jul 30 at 3:06PM
MLS# 12540912
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.
This turnkey 6-unit apartment building offers fully occupied income space, with tenants currently in all six units. The unit mix is predominantly two-bedroom apartments, with one garden-level unit featuring a different bedroom configuration. The seller indicates that four of the units have been recently refreshed, and current photos and a 3-D tour are available as of 11/18.
Located in Melrose Park, Illinois, the property is offered for sale under MULTI zoning. The building is situated on a small lot, and the seller has stated that the roof will be replaced with an acceptable offer. Additional property details and operating information are referenced in the listing, based on the 2024 full year.
For buyers seeking a ready-to-operate multifamily asset, this property’s fully rented status and unit refreshes can reduce immediate leasing and turnover-related concerns. The seller’s commitment to replace the roof with an acceptable offer also supports property durability planning. Given the current occupancy and documented recent updates, the building can be considered for investors and owner-operators looking for a straightforward transition with minimal reconfiguration.
Located in Melrose Park, Illinois, the property is offered for sale under MULTI zoning. The building is situated on a small lot, and the seller has stated that the roof will be replaced with an acceptable offer. Additional property details and operating information are referenced in the listing, based on the 2024 full year.
For buyers seeking a ready-to-operate multifamily asset, this property’s fully rented status and unit refreshes can reduce immediate leasing and turnover-related concerns. The seller’s commitment to replace the roof with an acceptable offer also supports property durability planning. Given the current occupancy and documented recent updates, the building can be considered for investors and owner-operators looking for a straightforward transition with minimal reconfiguration.
Key Highlights
- Turn‑key 6‑unit property with tenants in all 6 units
- Built in 1961 with brick construction materials
- Unit mix: all units are 2 bedrooms except one garden level unit
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,094
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Turnkey 6-unit multifamily property with all units rented and four recently refreshed apartments.
Where is this apartment building located?
The property is located at 805 N 22nd Avenue Melrose Park, IL.
What is the asking price?
The asking price for this property is $869,700.
What are key features of this property?
This property features: Turn‑key 6‑unit property with tenants in all 6 units; Built in 1961 with brick construction materials; Unit mix: all units are 2 bedrooms except one garden level unit
