# 1630 W Melrose Street, Chicago, IL 60657 > **TL;DR:** 4bd/2ba residential multi family, $550,000, built 1908. Est. $2,941/mo. Listed 128 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $550,000 | | Bedrooms | 4 | | Bathrooms | 2 full | | Year Built | 1908 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 128 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,781 | | Estimated Insurance | $160 | | **Total** | **$2,941** | ## Nearby Schools - **Elementary:** Burley Elementary School - **Middle:** Burley Elementary School - **High:** Lake View High School ## Property Highlights - Built in 1908 ## Description ### Agent 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. ## Location - **Address:** 1630 W Melrose Street, Chicago, IL 60657 - **County:** Cook - **Coordinates:** 41.940761, -87.669893 - **Google Maps:** https://www.google.com/maps?q=41.940761,-87.669893 ## Virtual Tour & Media - **Video Tour:** https://smartfloorplan.com/adminka/public/api/shell/v512229/info-&-map/idx ## Listing Agent - **Name:** Robert Munds - **Brokerage:** Jameson Real Estate LLC - **Broker Phone:** (312) 335-3291 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1630-W-Melrose-St_Chicago_IL_60657_M93961-28688?f=listhub&s=MREDIL&m=12667107&c=propsimple) ## Photos ![1630 W Melrose Street - Photo 1](http://lh.rdcpix.com/a9b1c0984cdfaff519a611cd4cf2228dl-f4173435575r.jpg) ![1630 W Melrose Street - Photo 2](http://lh.rdcpix.com/a9b1c0984cdfaff519a611cd4cf2228dl-f552186545r.jpg) ![1630 W Melrose Street - Photo 3](http://lh.rdcpix.com/a9b1c0984cdfaff519a611cd4cf2228dl-f2433248635r.jpg) ![1630 W Melrose Street - Photo 4](http://lh.rdcpix.com/a9b1c0984cdfaff519a611cd4cf2228dl-f1655670297r.jpg) ![1630 W Melrose Street - Photo 5](http://lh.rdcpix.com/a9b1c0984cdfaff519a611cd4cf2228dl-f3343425109r.jpg) ![1630 W Melrose Street - Photo 6](http://lh.rdcpix.com/a9b1c0984cdfaff519a611cd4cf2228dl-f1367031885r.jpg) ![1630 W Melrose Street - Photo 7](http://lh.rdcpix.com/a9b1c0984cdfaff519a611cd4cf2228dl-f2272623096r.jpg) ![1630 W Melrose Street - Photo 8](http://lh.rdcpix.com/a9b1c0984cdfaff519a611cd4cf2228dl-f2896466160r.jpg) ![1630 W Melrose Street - Photo 9](http://lh.rdcpix.com/a9b1c0984cdfaff519a611cd4cf2228dl-f3178945168r.jpg) ![1630 W Melrose Street - Photo 10](http://lh.rdcpix.com/a9b1c0984cdfaff519a611cd4cf2228dl-f2820185336r.jpg) ![1630 W Melrose Street - Photo 11](http://lh.rdcpix.com/a9b1c0984cdfaff519a611cd4cf2228dl-f604773706r.jpg) ![1630 W Melrose Street - Photo 12](http://lh.rdcpix.com/a9b1c0984cdfaff519a611cd4cf2228dl-f3743246544r.jpg) ![1630 W Melrose Street - Photo 13](http://lh.rdcpix.com/a9b1c0984cdfaff519a611cd4cf2228dl-f1910917705r.jpg) ![1630 W Melrose Street - Photo 14](http://lh.rdcpix.com/a9b1c0984cdfaff519a611cd4cf2228dl-f465750208r.jpg) ![1630 W Melrose Street - Photo 15](http://lh.rdcpix.com/a9b1c0984cdfaff519a611cd4cf2228dl-f3482142655r.jpg) --- **MLS#:** 12667107 | **Updated:** 2026-10-24 **Source:** listhub *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.* [View on PropertySimple](https://staging.propertysimple.ai/listing/1630-w-melrose-street-chicago-il-60657-9b1b0e09a1a84bc8841b42b173f97dca) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/1630-w-melrose-street-chicago-il-60657-9b1b0e09a1a84bc8841b42b173f97dca#listing", "url": "https://staging.propertysimple.ai/listing/1630-w-melrose-street-chicago-il-60657-9b1b0e09a1a84bc8841b42b173f97dca", "name": "1630 W Melrose Street, Chicago, IL 60657", "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. 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