216 East North Avenue

Melrose Park, IL 60164

$749,900
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Prime Northlake Investment Opportunity with High Visibility and Diverse Income Streams; This exceptional property on North Ave. in Northlake boasts a prime location with high traffic daily, ensuring exceptional visibility for your business. Mixed in close proximity many industrial and residential homes to benefit from the services offered here. Currently features a mix of established tenants - a hair and nail salon, pizza and Italian restaurant, and a leased 2 bedroom apartment - providing a diversified...Prime Northlake Investment Opportunity with High Visibility and Diverse Income Streams; This exceptional property on North Ave. in Northlake boasts a prime location with high traffic daily, ensuring exceptional visibility for your business. Mixed in close proximity many industrial and residential homes to benefit from the services offered here. Currently features a mix of established tenants - a hair and nail salon, pizza and Italian restaurant, and a leased 2 bedroom apartment - providing a diversified income stream and a wealth of options for future use. The brick beautiful building features large windows offering an abundance of natural light. Newer Roof and Hot Water Heaters. The space is both attractive and unique. Restaurant boasts an updated entry with seating area, order window and efficient kitchen with all the kitchen equipment staying (Walk-in refrigerator and 2 uprights, 4 freezers, large pizza ovens, oven/stove, large dough mixer, storage units, & more). Well Established business with same owners for 38 years! Salon operated by renters offers a large open area with private bath, and storage area. Enjoy tenant income or open up to extend restaurant seating area. Spacious 2 bedroom 1 bath apartment in the back enjoys the beautiful yard with covered patio currently rented boasts gleaming hardwood floors, retro cabinets and counters in eat in kitchen and bath. ALL units have Separate Water, Gas and Electric allowing independent utility management. Abundance of storage in the Full basement with exterior entrance. Ample on-site parking makes this a perfect choice for businesses seeking a convenient high-traffic location. This incredible property won't last long! Don't miss your chance to invest in a prime location with established business with additional rental income or bring your creativity and the options could be endless! Retiring Owners Will Look At All Serious Offers!
  1. Listed by Carla Heitz • RE/MAX All Pro - Sugar Grove
  2. Listed by Marla Kubik • HomeSmart Connect LLC

Property Details for 216 East North Avenue

Area
Northlake
Township
Leyden
Zoning
COMMR
LISTING UPDATED: 11/03/2024 12:12 PM

Property Details for 216 East North Avenue

StatusActive
MLS #12145073
Days on Market142
Taxes$8,223 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1955
Lot Size0.14 AC / 6,000 SF
CountyCook County

Building Information for 216 East North Avenue

Stories1Residences3Year Built1955Lot Size0.14 AC / 6,000 SF

Property Information for 216 East North Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 19-30 Spaces
Location and General Information
  • Frontage Type: City Street, Frontage Road, Private Road, Public Road, Signal Intersection, State Road
  • Geographic Locale: Northwest Suburban,Chicago West
  • Information: List Broker Must Accompany,Highly Confidential
  • Postal Code Plus 4: 2653
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Exhaust Fan, Window Unit(s)
  • Electric: Circuit Breakers, Fuses, Separate Meters, Service - 0 to 100 Amps
  • Flooring: Concrete, Tile, Wood
  • # Of Washers: 1
  • Heat/Ventilation: Forced Air,Gas,Hot Water
  • # Of Window/Ac: 3
  • # Of Refrigerators: 3
  • Misc Inside: Accessible Entrance,Multi-Tenant,Private Restroom/s,Public Restroom/s,Storage Inside,Basement,Furnished Units Available
  • # Of Dryers: 1
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
  • Misc Outside: Patio,Storms and Screens (as exist)
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity, Heat, Sewer
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 50 X 121 X 50 X 121
  • Lot Size Square Feet: 6000.0
  • Stories: 1
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Membrane
  • Fire Protection: Alarm On Site,Fire Extinguisher/s
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 2853
  • # Of Offices: 0
  • Other SqFt: 2853
  • Retail SqFt: 2853
  • # Of Ranges: 1
  • # Of Stores: 2
  • Property Sub Type: Apts/Stores
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Commercial, Retail
  • Buyer Financing: Conventional, Cash
  • Docks: None
  • Public Document Count: 0
  • Photos Count: 36
Miscellaneous
  • Current Use: Commercial
  • Location: Central Business District,Mixed Use Area,Public Transport Avail,In City Limits,High Traffic Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $4,525.00
  • Gross Scheduled Income: $54,300.00
  • Insurance Expense: $.00
  • Electric Expense Source: Owner Projection
  • Known Encumbrances: None Known
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 4525
  • Water Expense Source: Owner Projection
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 216 East North Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 216 East North Avenue

Taxable ValueLand$2,700Additions$21,226Total$23,926
Tax Record2022$8,901 ($742 / month)
Home Facts
Baths2Total Finished SqFt2,853 SqFtAbove Grade Finished SqFt2,853 SqFtStories1Lot Size6,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1955CountyCOOKAPN12-32-328-015

Schools near 216 East North Avenue

This home is within Leyden Chsd 212 School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 6 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Whittier Elementary School
PublicPK to 2

Northlake Middle School
Public6 to 8

West Leyden High School
Public9 to 12

St John Vianney School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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216 East North Avenue is a mixed use property for sale in Melrose Park, IL 60164. This property was listed for sale on August 22, 2024 by RE/MAX All Pro - Sugar Grove, it's currently listed at $749,900. This listing's school districts are Leyden Chsd 212 School District, Berkeley School District 87. Nearby schools include Whittier Elementary School, Northlake Middle School and West Leyden High School. 216 East North Avenue is a 0-bed, 0-bath, mixed use property built in 1955.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX All Pro - Sugar Grove; HomeSmart Connect LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/03/2024 12:12 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.