4937 W Melrose Street Chicago, IL ^$ 469,000

4937 W Melrose Street

^$ 469,000

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Recently Listed

4937 W Melrose Street

Chicago, IL, 60641

^$ 469,000

Bedrooms5 Baths3.0

Monthly Estimate*

^$ 3,239

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Multi-Family Home for sale in Chicago, IL

for $469,000 with 5 bedrooms and 3 full baths. This home was built in 1923.

Investor/Handyman Special - 5 Bed, 3 Bath in Chicago! Spacious 5-bedroom, 3-bathroom home in Chicago, offering plenty of room and strong potential for the right buyer. This home needs work and is being sold strictly as-is - a great opportunity for an investor or hands-on buyer looking to add value. With 5 bedrooms and 3 full baths, this is a rare find for large families, multi-generational living, or an investor targeting a strong rental or resale after updates. Located in Chicago's Portage Park area, close to shops, dining, schools, and transportation. Cash or Conventional-financing buyers preferred. Schedule your showing today! Selling AS-IS!

Multi-Family Active

Price

^$ 469,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 7,176

Style

Year Built

1923

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12735543

Features

General

Sewer Public Sewer

Heating Natural Gas

Possession Negotiable

Roof Asphalt

Garage Spaces 2

Construction Materials Aluminum Siding Vinyl Siding Steel Siding

Year Built 1923

Township Jefferson

Tax Year 2024

Ownership Fee Simple

County Cook

New Construction N

Property Type Residential Income Two to Four Units

Total Rooms 15

Status Active

Directions North on Laramie East on W School St South on N Lavergne East on Melrose St

High School Kelvyn Park High School

City Chicago

High School District 299

MLS Area CHI - Portage Park

Elementary School Falconer Elementary School

Tax Annual Amount 7176.25

Middle/Junior High School Foreman High School

Standard Status Active

Middle/Junior School District 299

Elementary School District 299

Interior

Basement Finished Full

Total Bedrooms 5

Total Baths 3

Bedrooms Possible 5

Full Baths Building 3

Half Baths Building 0

Total Number of Units 2

Exterior

Parking Features Yes Garage Owned Detached Garage

Water Source Public

Total Parking 2

Foundation Details Concrete Perimeter

Lot Dimensions 125x25

Waterfront Y/N N

* Excluded Features

List By

Re/Max Partners

Broker

remax.randys99@gmail.com

Affordability Calculator

$3,837

Per Month

Monthly Principal & Interest: $3,239
Monthly Property Taxes: $598
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$644,731

Percent of Sale Price 37%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

5405617 Elementary School

1539364 Middle School

Kelvyn Park High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/21/2026	$469,000		Listed Price

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4937 W Melrose Street, Chicago, IL, 60641 is a Multi-Family Home for sale at $469,000. 4937 W Melrose Street has 5 bedrooms, 3.0 baths, and was built in 1923. The property's zip code is 60641 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 10/7/2026.

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4937 W Melrose Street

Multi-Family Home for sale in Chicago, IL

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