Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1206 12th Ave Melrose Park, IL 60160-3563

    • Residential income homes
    • 1,392 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Location Intelligence
    Property ID
    US28-2929140
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 1206 12th Ave

    Year built
    1923
    Construction
    FRAME
    Lot size
    0.13 lot acres
    Property size
    1,392 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    15-03-419-023
    APU
    1503419023

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $305,000

    • CAP approach

      CAP return
      Estimation
      6%
      $270,000
      6.5%
      $270,000
      7%
      $290,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $315,000
      Geo Method
      $315,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $290,000
      Retail
      $260,000
      Mixed-Use
      $300,000
      Hospitality
      $250,000
      Educational
      $270,000
      Residential Income
      $295,000
      Energy
      $255,000
      Income-Based Land
      $225,000
      Food Service
      $235,000

    Location Insight

    • Map
    • Local Demand
    City
    Melrose Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8487
    Latitude
    41.8982
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $5,918
    $4,456
    $18,168
    $22,624
    -
    $44,560
    $181,680
    $226,240

    Comparable in this City

    • Value Estimation by Request
      3,700 SF

      1317 14th Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,700 SF
      1317 14th Ave, Melrose Park, IL 60160-3469
      View Details
    • Value Estimation by Request
      2,028 SF

      1630 15th Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,028 SF
      1630 15th Ave, Melrose Park, IL 60160-2108
      View Details
    • Value Estimation by Request
      4,233 SF

      1411 16th Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,233 SF
      1411 16th Ave, Melrose Park, IL 60160-3350
      View Details
    • Value Estimation by Request
      4,563 SF

      1968 17th Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,563 SF
      1968 17th Ave, Melrose Park, IL 60160-1375
      View Details
    • Value Estimation by Request
      3,535 SF

      1513 18th Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,535 SF
      1513 18th Ave, Melrose Park, IL 60160-2074
      View Details
    • Value Estimation by Request
      3,240 SF

      1945 18th Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,240 SF
      1945 18th Ave, Melrose Park, IL 60160-1201
      View Details

    Similar Nearby for Sale

    • New
      $899,700
      0.05 Acres

      Turnkey Six-Unit Multifamily Property

      Fully occupied six-unit building in Melrose Park, Illinois.
      805 N 22Nd Ave, Melrose Park, IL 60160
      View Details
    • $650,000

      Melrose Park Three-Flat For Sale

      Brick three-flat with eight bedrooms in a superb neighborhood.
      1114 N 11Th Ave, Melrose Park, IL 60160
      View Details
    • $599,000
      0.09 Acres

      Melrose Park Income Property

      Solid brick 3-flat with income potential near North Avenue.
      1724 N 19Th Ave, Melrose Park, IL 60160
      View Details
    • $295,900

      Remodeled Duplex with Fenced Yard

      Remodeled duplex featuring modern kitchen, hardwood floors, and fenced yard.
      1632 N 22Nd Ave, Melrose Park, IL 60160
      View Details
    • $429,900
      0.12 Acres

      Melrose Park Residential Income Property

      Rare two-unit residential income property in Leyden Township.
      3201 Armitage Ave, Melrose Park, IL 60160
      View Details
    • $425,000

      Melrose Park Brick Two-Flat

      Two-flat residential income property with four bedrooms and two baths.
      1815 N 22Nd Ave, Melrose Park, IL 60160
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      25,305 SF

      Retail Space in Winston Plaza

      25,305 SF retail space in Melrose Park.
      930-1372 Winston Plz, Melrose Park, IL 60160
      View Details
    • $10 SF/Yr
      58,715 SF

      Melrose Park Industrial Warehouse Space

      58,715 SF industrial space available for lease immediately.
      1975 N Hawthorne Ave, Melrose Park, IL 60160
      View Details
    • $20 SF/Yr
      1,571 SF

      Medical Office Space For Lease

      Medical office space available in Melrose Park, Illinois.
      1111 Superior St, Melrose Park, IL 60160
      View Details
    • Contact for pricing
      7,000 SF

      Commercial Land For Lease

      Commercial land available for lease in Melrose Park, Illinois.
      1254 Winston Plz, Melrose Park, IL 60160
      View Details
    • $6,999,999
      30,000 SF

      Warehouse in Industrial Area

      Warehouse in a mature industrial and commercial mixed area.
      2074 George St, Melrose Park, IL 60160
      View Details
    • $13 SF/Yr
      5,000 SF

      Melrose Park Warehouse with Office

      Warehouse with office space, loading dock, and drive-in door.
      111 N 10Th Ave, Melrose Park, IL 60160
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1206 12th Ave
    Melrose Park, IL 60160-3563
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.