Active

719 N 14th Avenue

Melrose Park, IL 60160

$450,000 $1,897/Mo

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Overview

Bed

Bath

1,148

Sqft

0.15

Acre(Lot)

Description

Rare opportunity to own two homes for the price of one in a prime Melrose Park location-perfect for owner-occupants, investors, or multi-generational living! Competitively priced, this unique property offers flexibility, strong income potential, and exceptional value. The main home (719 N 14th Ave) was fully renovated and thoughtfully redesigned with walls opened to create a bright, inviting open floorplan. Featuring some Anderson windows, newer HVAC, luxury vinyl flooring, and quality finishes throughout, this home offers 3 bedrooms plus a potential bonus room in the finished basement, along with 2 full bathrooms. The updated kitchen is a standout with white shaker cabinetry, quartz countertops, newer stainless steel appliances, and a walk-in pantry, flowing seamlessly into the dining a rea. The cozy yet spacious family room is filled with natural light and anchored by a fireplace. This floor contains 3 spacious bedrooms, one with 8 foot ceilings and direct access to the side deck-ideal for entertaining. The finished basement adds significant living space, complete with a family room, office, wet bar area, full bathroom, laundry area, storage, and bonus room-perfect for a home office, guest space, or gym. Outside, enjoy a shared backyard with patio space and playground equipment, plus an unattached 1-car garage and an extra-long driveway accommodating up to 7 vehicles. Situated on a corner lot, the property offers abundant parking and accessibility. The coach house (1312 Rice St) adds incredible value and versatility. Recently refreshed with new flooring and fresh paint, this separate residence offers a comfortable and functional layout including a welcoming family room, dedicated dining area, office area, laundry room with sink, and an inviting kitchen. Upstairs, you'll find 2 bedrooms and a full bathroom, creating a private and well-separated living space. The primary suite has hardwood floors, 3 closets, and is drenched with light. The coach house also features a long driveway with additional side and alley parking options, making it ideal for tenants or extended family. With no basement, the layout remains simple and efficient. Please view floorplan for more details. Income potential is immediate and strong-the coach house is currently rented through March 1, 2027, providing stable, long-term income, while the main home lease ends on August 1, 2026, offering flexibility for owner occupancy or rental adjustment. Whether you're looking to live in one home and rent the other, generate dual rental income, or accommodate extended living needs, this property delivers unmatched flexibility and value in today's market. Opportunities like this are rare-don't miss your chance to secure a truly unique, income-generating property!

Property Details

Property Type : Residential

Price : $450,000

AD Id : 76935440

MLS Id : MRD12607079

Beds : 3

Lot Size : 0.15 Acre

Living Area Size : 1,148

Year Built : 1920

Garage : 1

County : Cook

Map

Features

Bedroom Information

Total Bedroom: 3 Room Types: Office, Bonus Room, Workshop, Storage, Foyer, Deck, Pantry

Bathroom Information

Total Baths: 2 Full Baths: 2

Room Information

Rooms Total: 10

Interior Features

1st Floor Bedroom, In-Law Floorplan, 1st Floor Full Bath, Pantry, Quartz Counters Roof: Asphalt Appliances: Range, Microwave, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s) Laundry Features: In Unit, Sink

Roofing Information

Asphalt
Flooring Information

Flooring: Hardwood, Laminate Construction Materials: Stucco, Combination
Heating & Cooling

Heating: Natural Gas, Forced Air Cooling: Central Air WaterSource: Lake Michigan

Building Information

Year Built: 1920

Lot Information

Lot Dimensions: 53 X 125 Lot Description: Corner Lot Lot Acres: 0.1515 Lot Size: Less Than .25 Acre

Property Information

Property Type: Residential Style: Ranch Sub Type: Detached Single Type Detached: 1 Story,Coach House

Listing Price Information

Original List Price:$450000

Tax Information

Annual Tax: $11092 Tax Year: 2023 Parcel Number: 15034570010000

Parking Information

Total Parking: 8 Asphalt, Side Driveway, Garage Door Opener, Yes, Garage Owned, Detached, Off Alley, Off Street, Driveway, Owned, Garage Is Parking Included in Price: Yes

Garage Information

Garage Space: 1

Homeowners Association Information

Included Fees: None

School Information

Elementary School: Lincoln Elementary School Junior High School: Stevenson Elementary School Senior High School: Proviso East High School
Utility Information

Sewer: Public Sewer Water Source: Lake Michigan
Location Information

City: Melrose Park Direction: 14th Avenue 1 Block North of Chicago, and corner of Rice St

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1619 N 19th Avenue, Melrose Park, IL, 60160	$265,000	2	2	1,500	1,500 SqFt
271 Braddock Drive, Melrose Park, IL, 60160	$325,000	4	2	1,827	1,827 SqFt
1515 N 19 Avenue, Melrose Park, IL, 60160	$298,000	2	2	1,400	1,400 SqFt
1218 N 18th Avenue, Melrose Park, IL, 60160	$340,000	2	2	1,100	1,100 SqFt
1645 N 23rd Avenue, Melrose Park, IL, 60160	$414,900	4	3	2,149	2,149 SqFt
1537 N 20th Avenue, Melrose Park, IL, 60160	$299,900	2	2	1,000	1,000 SqFt
1217 Winston Drive, Melrose Park, IL, 60160	$419,900	3	3	1,912	1,912 SqFt
1531 N 9th Avenue, Melrose Park, IL, 60160	$449,000	3	4	1,918	1,918 SqFt
1104 N 12th Avenue, Melrose Park, IL, 60160	$209,000	1	1	800	800 SqFt
1646 N 18th Avenue, Melrose Park, IL, 60160	$495,000	4	3	2,293	2,293 SqFt

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ByOwner last updated this listing 06/12/2026 @ 18:20

MLS: MRED #12607079 LISTED BY: Kaitlin Allen, @properties Christie's International Real Estate 847-957-6500 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)