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Brick Six-Unit Apartment Building
For Sale
$869,700

805 N 22nd Avenue, Melrose Park, IL 60160

Commercial Sale, Melrose Park, IL

Property SizeContact for details
Lot Size0.05 Acres
Days on Market252

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 2, Bedroom 11, Bathroom 3, Basement, Bedroom 1, Bedroom 10, Bedroom 3, Bedroom 8, Bathroom 4, Bedroom 9, Bathroom 6, Bedroom 7, Bathroom 2, Bathroom 1, Bathroom 5, Bedroom 5, Bedroom 6, Bedroom 4
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
Listed By: Neil Gates · License #475174838
Added: Jan 5 Changed: Sep 12 Last Checked: Sep 14 at 6:06AM
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.

Located at 805 N 22nd Avenue in Melrose Park, this six-unit apartment building was constructed in 1961 with brick materials and sits on a 0.05-acre lot. All units are currently rented. Five apartments have two bedrooms, while one garden-level unit has a different configuration. Four units have been recently refreshed, providing updated interiors within the existing multifamily layout.

The property is designated MULTI and includes basement areas along with six bathrooms. A roof replacement is proposed by the seller with an acceptable offer. The asset is positioned in Melrose Park, Cook County, with an established apartment-building configuration and current occupancy across all units.

Key Highlights

  • Six‑unit apartment building at 805 N 22nd Avenue, Melrose Park, IL 60160
  • All 6 units are currently rented
  • Five units have 2 bedrooms; one garden‑level unit has a different configuration

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Garden Center (Bike/Boat/Book/etc) Store Law Firm Accounting Firm

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
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,332
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?
Apartment building - Fully rented brick property with four recently refreshed apartments and MULTI zoning.
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: Six‑unit apartment building at 805 N 22nd Avenue, Melrose Park, IL 60160; All 6 units are currently rented; Five units have 2 bedrooms; one garden‑level unit has a different configuration
More about this property
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