Address
1906 W Lake Street Melrose Park, IL
Price
$ 699,000
Property Attributes
  • MLS#10336687
  • TypeCommercial
  • CountyCOOK
  • CityMelrose Park
  • AreaMelrose Park
  • NeighborhoodHeritage District
  • Zip60160
  • Style
  • Year Built1940
  • Taxes$ 29985
  • Price$ 699,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7635
  • Lot Size6,698 SqFt
Listing Provided Courtesy Of:
Parks Homes Real Estate Inc
Data Source:
Midwest Real Estate Data (MRED) - 103 - IL
Property Description

GREAT INVESTMENT OPPORTUNITY! 6 STOREFRONTS/OFFICES. CLOSE TO SHOPPING AND METRA STATION. ALSO INCLUDES 1 CAR GARAGE WITH 10' OVERHEAD DOOR AND FULL UNFINISHED BASEMENT. BUILDING HAS 1 STOREFRONT (A FLOWER SHOP) 4 OFFICES (DOCTOR, REAL ESTATE,INSURANCE COMPANY AND ONE SPACE IS VACANT) . 1800 Sqft SPACE ON BROADWAY AVE IS CURRENTLY FOR LEASE USE TO BE A FOOD MARKET . PROPERTY IS IN THE CENTER OF MELROSE PARK BUSINESS AREA. CORNER LOCATION.

Price History
3/17/2021 Listed $699,000

General Features

Additional Parcels Y/N Yes
City Melrose Park
Construction Materials Brick
Cooling Central Air, Central Individual
County Cook
Days on Market 967
Directions Broadway (19th Ave) to Lake Street to Property
Electric Circuit Breakers, Service - 101 to 200 Amps
Electric Expense 300
Grossincome 112800
Insurance Expense 4000
Leasable Area 7635
Lot Size Square Feet 6698
MLS Area Melrose Park
Net Operating Income 76224
Operatingexpense 36576
Possession Closing
Possible Use Commercial, Retail
Property SubType Neighborhood Storefront
Property Type Commercial Sale
Property Type Retail/Stores
Standard Status Active
Status Active
Stories 1
Street Name Lake
Tax Annual Amount 29985
Tax Year 2019
Tenant Pays Electricity, Heat, Scavenger, Sewer
Total Units 6
Year Built 1940

Interior Features

Street Suffix Street

Exterior Features

Building Area Total 7635
Exterior Brick
Frontage Type City Street, Public Road, Signal Intersection
Lot Dimensions 53X125X131X93

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 60160

Price
AVG $550K
$700K
Taxes
AVG $19,653
$29,985
Visits
AVG 136
211
Year Built
AVG 1950
1940
Walkscore
AVG 84
88
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover

https://connectmls.mredllc.com/common/externalAction.jsp?do=dynaconn.soy.setup.leadwidget.SubmitLeadForm&agentID=885777