Property profile

1942 15th Ave Melrose Park, IL 60160

OFF-MARKET
Industrial properties
Property ID
US28-5220223
15,971 SF 1 ac lot Built 1962
Entity Owned Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1962
Total area 15,971 SF
Lot 1 ac (43,560 SF)
APN 12-34-403-011
UPID US28-5220223

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Home Decor Store
  • Hardware & Home Improvement Home Decor Store

Location

1942 15th Ave Melrose Park, IL 60160-1403
Melrose Park metro Census 811302 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
$771k
Blend (final) Blend
$500k

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2024
Price N/A
2007
Price N/A
2004
$500,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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