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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.
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.
Key Features
- Built in 1908
Property Details
Monthly Cost Estimate
$2,942/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1630 W Melrose Street
Chicago, IL 60657
Property Details
Construction
Heating
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 $2,383 based on 20% down at 6.5% interest.
Key features include: Built in 1908.
This property is listed by Robert Munds and can be reached at (312) 335-3291 or rmunds@jamesonsir.com.
