2724 N Melvina Avenue Chicago, IL $ 449,900
2724 N Melvina Avenue
$ 449,900
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2724 N Melvina Avenue

Chicago, IL, 60639
$ 449,900
Bedrooms8 Baths4.0

Monthly Estimate*

$ 2,770

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Multi-Family Home for sale in Chicago, IL

for $449,900 with 8 bedrooms and 4 full baths.

Spacious and versatile multi-unit property located on extra wide city lot in the desirable Belmont Cragin neighborhood, offering an excellent opportunity for owner-occupants or investors. The first units feature 2 bedrooms / 1 full bath and 1 bedroom / 1 full bath, with ample living areas and functional layouts. The second floor unit offers 3 bedrooms and 1 full bath, providing generous living space and flexibility. The third floor offers 2 bedrooms and 1 full bath with bright and spacious open floor plan. Detached 2.5 car garage with space for potential parking next to garage. This property presents a unique opportunity to live in one unit while generating rental income from the others, or to operate as a long-term investment in a strong rental area (current rents are under market and need adjustment). Conveniently located near public transportation / walk to Metra and buses, Target store, Starbucks, parks, schools, grocery store, shopping, and neighborhood amenities. Shows well and offers excellent long-term potential in a central Chicago location. Two tenants have occupied long term (28+ years). Seller prefers to sell in "as is" condition.

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Multi-Family Active

Price

$ 449,900

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 8,579

Style

American 4-Sq.

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12591453

Features
General
Sewer Other
Heating Natural Gas Radiator(s)
Possession Closing
Roof Asphalt
Garage Spaces 2.5
Architectural Style American 4-Sq.
Construction Materials Aluminum Siding Brick Frame
Township Jefferson
Tax Year 2024
Ownership Fee Simple
Gross Income 46380
Community Features Park Pool Tennis Court(s) Sidewalks Street Lights
County Cook
Net Operating Income 27897
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 20
Status New
Directions 5 blocks East of Narragansett and 4 blocks West of Austin Ave. 1/2 block South of Diversey Ave.
City Chicago
High School District 299
MLS Area CHI - Belmont Cragin
Tax Annual Amount 8579.87
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Crawl Space
Total Bedrooms 8
Total Baths 4
Bedrooms Possible 8
Full Baths Building 4
Half Baths Building 0
Total Number of Units 4
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Exterior
Parking Features Garage Door Opener Yes Garage Owned Detached Garage
Lot Features Dimensions to Center of Road
Water Source Lake Michigan
Total Parking 2.5
Foundation Details Brick/Mortar Concrete Perimeter
Lot Dimensions 40x125
Waterfront Y/N N
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* Excluded Features
List By
Circle One Realty

Broker

ryan@circleonerealty.com

Email

Affordability Calculator

$3,485
Per Month
79%
21%
0%
Monthly Principal & Interest
$2,770
Monthly Property Taxes
$715
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/13/2026$449,900 Listed Price

Map


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2724 N Melvina Avenue, Chicago, IL, 60639 is a Multi-Family Home for sale at $449,900. 2724 N Melvina Avenue has 8 bedrooms and 4.0 baths. The property's zip code is 60639 which is in Chicago, IL