About This Home

This 4-bedroom, 2-bathroom residential multi family at 1630 W Melrose Street in Chicago, IL is listed for $550,000. Built in 1908, on a N/A lot.

Key Features

  • Built in 1908

Property Details

2 full
1908
Listing Description

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.

Monthly Cost Estimate

$2,942/mo

20% down · 6.5% · 30 years

Principal$398
Interest$2,383
Insurance$160

Estimates only. Actual payments may vary.

Location

1630 W Melrose Street

Chicago, IL 60657

Property Details

Construction

Brick

Heating

Forced Air

Questions & Answers

This 4-bedroom, 2-bathroom residential multi family at 1630 W Melrose Street is listed at $550,000. The estimated monthly payment is $2,941 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1908.

This property is listed by Robert Munds.

RM

Robert Munds

Agent at Jameson Real Estate LLC

Listed by Jameson Real Estate LLC · Broker phone: (312) 335-3291 · View on Broker Site · Broker website

MLS# 12667107· Source: Midwest Real Estate Data, LLC· 124 days on PropertySimple

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1630 W Melrose Street, Chicago, IL 60657

Open this listing in: