1326 W Melrose Street
Chicago, IL 60657

Status: Sold
Multi Family
6 beds
0 baths
0 sq.ft
Listing Price: $1,200,000

About this home

Looking for that perfect property in the perfect neighborhood? This Lakeview two-unit is it! This fabulous duplex has everything you need with tons of space and light. Both units feature formal living rooms, formal dining rooms, large eat-in kitchens with islands and dinette areas, with three bedrooms plus two baths each. The first floor is duplexed down and the second floor is duplexed up. Each unit has an in-unit washer and dryer. Main bedrooms have private baths with soaker tubs and huge walk-in closets. Hardwood floors and tons of storage space in each unit. First floor unit has large rear deck, second floor unit has two decks. The cute rear yard is fully fenced and leads to a 2 car detached garage with alley access. Fabulous Southport area with easy access to transportation, restaurants, shopping, entertainment & more! Most mechanicals in both units have been replaced within 10 years. Most appliances have been replaced within the last five years. Homestead exemption for unit 2 only. Easy to lease units. Unit 1 photos are prior to tenants moving in. 2nd Floor unit is owner-occupied and will be vacated at closing. The floor plan provided is for Unit 2. Unit 1 is almost identical with the exception of the second bedroom has a walk-in closet and separate laundry/hvac room where Unit 2, Bedroom 2 does not have a closet but is large enough to have one added. The current closet in Unit 2, Bedroom 2 is used for laundry and mechanicals.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1889
Parking Total 2
Exterior Building Type Vinyl Siding
Exterior Property Features Deck
Foundation Concrete Perimeter
Garage Details Garage Door Opener(s), Transmitter(s)
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Roof Type Asphalt ,Flat
MRD Virtual Tour None
Virtual Tour Date 06/20/2024 7:06 pm
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Lake View
Zoning Type MULTI
Corporate Limits Chicago
Directions Belmont E/W to Racine, N to Melrose, W to property. Melrose is a one-way going West.
Equipment CO Detectors, Ceiling Fan(s), Multiple Water Heaters, Water Heater-Gas
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air, Indv Controls
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan, Public
Jr High/Middle Dist 299
Subdivision Southport Corridor
Township Lake View
Interior Features
Basement Description Finished
Bath Amenities Double Sink, Soaking Tub
Basement Full
Bedrooms Count 6
Bedrooms Possible 6
Baths Count 4
Full Baths in Building Count 4
Total Rooms 12
Units
unit 1
Beds Total 3
Baths Total 2
Actual Rent 3750
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner, Garage/Space, Laundry Hook-Up, Range Hood, Hardwood Floors, Walk-In Closet
Full Baths Total 2
Lease Expiration Date 8/25
Rooms Total 6
Security Deposit 3700
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 3
Baths Total 2
Actual Rent 3750
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner, Garage/Space, Laundry Hook-Up, Range Hood, Hardwood Floors, Walk-In Closet
Full Baths Total 2
Lease Expiration Date 00/00
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 2
Property / Lot Details
Deconversion N
Lot Dimensions 25X125
Lot Description Fenced Yard
Lot Size Source County Records
Lot Size Less Than .25 Acre
Model TWO-UNIT
Ownership Fee Simple
Style of House Traditional
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units

Financials

Financing Conventional
Gross Rental Income $86,400
Insurance Expense $5,600
Insurance Expense Source Actual
Rental Income 86400
Investment Profile Residential Income
Water Expense $1,320

Tax/Assessments/Liens

PIN 14203260290000
Special Assessments N
Taxes $9,102
Tax Exemptions Homeowner
Tax Year 2022
$1,200,000 Listing Price:
MLS # 12085820
Investment Profile Residential Income
Listing Market Time 75 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 2
Parking Garage
List Date 06/20/2024
Year Built 1889
Request Info
By pressing Request Info, you agree that ILFLS and real estate professionals may contact you via phone/text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. Message/data rates may apply. You also agree to our Terms of Service.
Price history
Loading price history...