Haley Scogland
REALTOR®
Description
INVESTOR ALERT! Welcome to 1617 N 35th Ave-a meticulously maintained, all-brick 3-flat offering strong income potential and long-term value. This property stands out as one of the best-kept buildings in the area. The building features two spacious 3-bedroom, 1.5-bath units and a 2-bedroom garden apartment, offering ideal flexibility for investors or owner-occupants. All units are in solid condition with updated mechanicals and a clean, functional layout. On-site laundry includes coin-operated washer/dryer for added convenience and income. The property sits on a shared common driveway and offers excellent parking access. For buyers looking to expand their portfolio, the adjacent property at 1619 N 35th Ave is also available and includes a 2-car garage, making this a rare package deal opportunity with additional income and development potential. Whether you're looking for steady rental income, future value appreciation, or a package deal in a prime rental market, this investment checks all the boxes. An IL licensed real estate broker has an ownership interest in the LLC that owns the property.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 8
Bathrooms: 5
County: Cook
Listed By:
Citypoint Illinois LLC
847-744-5003
MRED MLS
MLS ID: 12655013
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1617 N 35th Avenue, Melrose Park, IL 60160.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $625,000 | $625,000 | $625,000 |
| Down Payment | $125,000 | $21,875 | $156,250 |
| Monthly Mortgage Amount | $3,038 | $3,779 | $3,861 |
| Taxes | $870 | $870 | $870 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $275 | $0 |
| Monthly Estimated Total | $4,090 | $5,106 | $4,913 |
Haley Scogland
Cell: (563) 343-9233
Email Me
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