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1630 W Melrose Street Chicago, IL $ 550,000
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1630 W Melrose Street
$ 550,000
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1630 W Melrose Street

Chicago, IL, 60657
$ 550,000
Bedrooms4 Baths2.0

Monthly Estimate*

$ 3,473

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Multi-Family Home for sale in Chicago, IL

for $550,000 with 4 bedrooms and 2 full baths. This home was built in 1908.

Rare redevelopment or investment opportunity in the heart of Lakeview. Solid brick 2-flat featuring two 2-bedroom, 1-bath apartments with long-term tenants currently on month-to-month leases. Rents are below market, offering immediate upside potential for investors or future redevelopment. Property is zoned B1-3 and is being offered exclusively as part of a package sale with the adjacent property at 3248 N. Lincoln Ave. Prime location near transportation, shopping, dining, and neighborhood amenities. Excellent opportunity to assemble a larger development site in a highly desirable Lakeview location. Sold as-is. Unfinished basement.

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Multi-Family Active

Price

$ 550,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 11,344

Style

Year Built

1908

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12667107
Features
General
Sewer Public Sewer
Heating Forced Air
Possession Closing
Zoning MULTI
Construction Materials Brick
Year Built 1908
Township Lake View
Tax Year 2024
Ownership Fee Simple
County Cook
Insurance Expense 1600
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 8
Status New
Directions Lincoln Ave (north or south) to Melrose St west to the building (Melrose is one-way)
High School Lake View High School
City Chicago
High School District 299
MLS Area CHI - Lake View
Elementary School Burley Elementary School
Tax Annual Amount 11344.33
Middle/Junior High School Burley Elementary School
Water Sewer Expense 2844
Virtual Tour https://smartfloorplan.com/adminka/public/api/shell/v512229/info-&-map/idx
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Unfinished Full
Total Bedrooms 4
Total Baths 2
Bedrooms Possible 4
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
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Exterior
Lot Features Irregular Lot
Water Source Lake Michigan
Total Parking 0
Lot Dimensions 25x59x29x74
Waterfront Y/N N
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* Excluded Features
List By
Jameson Sotheby's Intl Realty

Broker

rmunds@jamesonsir.com

Email

Affordability Calculator

$4,418
Per Month
79%
21%
0%
Monthly Principal & Interest
$3,473
Monthly Property Taxes
$945
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
564901 Elementary School
564901 Middle School
Lake View High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/25/2026$550,000 Listed Price

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1630 W Melrose Street, Chicago, IL, 60657 is a Multi-Family Home for sale at $550,000. 1630 W Melrose Street has 4 bedrooms, 2.0 baths, and was built in 1908. The property's zip code is 60657 which is in Chicago, IL

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