101 North 23rd Avenue

Off Market

101 North 23rd Avenue

Melrose Park IL 60160

Multi-Family

Last sold for $460,000

Angel Rosales, last sold this property on 12 December 2025 after 342 days on market.

Overview

***PLEASE CLICK ON THE VIRTUAL TOUR LINKS...THERE IS ONE LINK PER UNIT*** This charming 3 Unit building is nestled in the heart of Melrose Park, offering a fantastic opportunity for investors or multi-family living. Here is your opportunity to own a part of Melrose Park History via this 3 Unit property on an OVERSIZED LOT, with ample parking. Forget the hassle of street parking! This property provides an oversized- three car garage, four exterior parking spaces, and plenty of convenient off-street parking, ensuring residents have a designated spot for their vehicles. All units are on month-to-month rental agreements with occupants, with NO LEASES in place which gives new ownership the opportunity for rental growth in an area with high rental demand. Occupants are longtime family friends that have grandfathered in rents. Amazing location near schools, parks, restaurants, shops, public transportation and so much more. With three units, this property offers an excellent opportunity for generating multiple income streams. Whether you decide to rent out all units or live in one and rent out the others, the potential for substantial returns is within reach. This may be the one you'll want to call home or add to your portfolio.

Features

5 bedrooms

3 bathrooms

7 carspaces

3 garage spaces

Multi-Family

Estimated Value

Based on this property and similar 5 bedroom multi families sold in Melrose Park over the last 12 months, the estimated median property value of 101 North 23rd Avenue is $370k.

Median value

$370k

Estimated value range

$336k - $460k

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Melrose Park. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 101 North 23rd Avenue

2025

Sold

$460,000

12 Dec 2025 by Angel Rosales, of PROSALES REALTY

Happy sellers in Melrose Park

We have insufficient information to provide an overview of customer satisfaction for Melrose Park. Viewing the agent profiles, reviews and sales for Melrose Park can provide insights for this location.

Local market activity for 5 bedroom multi families in Melrose Park

In the last 12 months, 5 five-bedroom multi families similar to 101 North 23rd Avenue, have been sold.

This represents a 43% increase in five-bedroom multi families sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Melrose Park for a market analysis.

Joel Zielke

at Joel Zielke

(116 reviews)

Get a market analysis

Rene Aguirre

at Northlake Realtors

Get a market analysis

Donna Serpico

at Berkshire Hathaway HomeServices Chicago

(1 review)

Get a market analysis

ROSA PITASSI

at Gagliardo Realty Associates LLC

(6 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Melrose Park

Joel Zielke

Sellers who recommend Joel Zielke have praised them for being local expert, responsive, clear communication, supportive, patient, honest, and great negotiation