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Ashley Dirks

redefinedliving@ashleydirks.com +1(530) 864-4808

$450,000

Est. payment - /mo

3 Beds

2 Baths

1,148 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached Single

Listing Status Active

Purchase Type For Sale

Square Footage 1,148 sqft

Price per Sqft $391

MLS Listing ID 12607079

Style Ranch

Bedrooms 3

Full Baths 2

Year Built 1920

Annual Tax Amount $11,092

Tax Year 2023

Lot Size 6,599 Sqft

Lot Dimensions 53 X 125

Property Sub-Type Detached Single

Property 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 area. 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!

Location

State IL

County Cook

Area Melrose Park

Rooms

Basement Unfinished, Full

Interior

Interior Features 1st Floor Bedroom, In-Law Floorplan, 1st Floor Full Bath, Pantry, Quartz Counters

Heating Natural Gas, Forced Air

Cooling Central Air

Flooring Hardwood, Laminate

Fireplaces Number 1

Fireplaces Type Gas Starter, Decorative

Equipment Ceiling Fan(s)

Fireplace Y

Appliance Range, Microwave, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)

Laundry In Unit, Sink

Exterior

Garage Spaces 1.0

Community Features Curbs, Sidewalks, Street Lights, Street Paved

Roof Type Asphalt

Building

Lot Description Corner Lot

Dwelling Type Detached Single

Building Description Stucco,Combination, No

Sewer Public Sewer

Water Lake Michigan

Level or Stories 1 Story, Coach House

Structure Type Stucco,Combination

New Construction false

Schools

Elementary Schools Lincoln Elementary School

Middle Schools Stevenson Elementary School

High Schools Proviso East High School

School District 89 , 89, 209

Others

HOA Fee Include None

Ownership Fee Simple

Special Listing Condition None

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Listed by Kaitlin Allen of @properties Christie's International Real Estate

719 N 14th AVE Melrose Park, IL 60160