2303 N Melvina Avenue
Chicago, IL 60639

Status: Sold
Multi Family
6 beds
0 baths
0 sq.ft
Listing Price: $530,000

About this home

***MULTIPLE OFFERS - HIGHEST & BEST DUE THURSDAY, 2/22 AT 7PM***Welcome to this upgraded LEGAL yellow brick 3-flat located in the best part of Belmont Cragin. Sitting on a jumbo 4, 088 SQFT lot, this distinguished property, fully leased and bursting with character, seamlessly blends historic charm with modern amenities. Each of the three apartments offers self-contained heating/cooling, separate utilities, and individual laundry facilities, ensuring comfort and convenience for all residents. A standout feature of this property is the extensive & permitted 2020 basement renovations. It boasts a sleek kitchen with stainless-steel appliances, luxury vinyl floors, and quartz countertops. All new sewer line connecting to an existing check valve/backflow preventer, new support post; new electric, new plumbing, new drywall, new LVT flooring and new windows. The basement also features a drain tile system with two sump pumps, including a water sensor alarm and backup battery. The first and second floors offer hardwood flooring, with the second level further enhanced by an open-plan kitchen featuring granite surfaces, breakfast bar, stainless-steel appliances, and an inviting private balcony. Additionally, unit 2 benefits from an enclosed rear porch providing plenty of extra storage space. Enhancing the property's appeal is the two-car brick garage and an additional parking pad, all within a secure wood and rod iron fence. Outdoor wired cameras provide added security & peace of mind. The property boasts a tuckpointed exterior (2020), newer siding (2020) and updated vinyl windows. Additional highlights include three separate furnaces, AC units, water heaters, and utility meters, providing autonomy for each tenant. Each unit has separate washers and dryers tied into tenants' individual gas and electric accounts. Location highlights offer close proximity to Riis Park and Brickyard shopping, minutes to Oak Park and Elmwood Park shops and restaurants, and easy access to Metra and the 290 expressway. A variety of grocery options, including Aldi, Jewel, and Fresh Market, are just a few minutes away, adding to the convenience of this prime location. Don't miss out on this incredible investment opportunity!!

Property details

Property / Lot Details
Acreage 0.09
Lot Dimensions 33X124
Lot Size Source County Records
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 91-100 Years
3 Bedroom Unit in Building No
Approx Year Built 1924
Parking Total 3
Exterior Building Type Brick
Exterior Property Features Balcony ,Porch
Foundation Concrete Perimeter
Garage Details Garage Door Opener(s)
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 3
Parking Garage
Rehab Year 2020
Roof Type Asphalt
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Curbs, Sidewalks, Street Lights, Street Paved
Area Major CHI - Belmont Cragin
Corporate Limits Chicago
Directions FULLERTON TO MELVINA SOUTH TO PROPERTY
Equipment Security System, Sump Pump, Backup Sump Pump;
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan, Public
Jr High/Middle Dist 299
Township Jefferson
Interior Features
Basement Description Finished
Basement Full
Bedrooms Count 6
Bedrooms Possible 6
Baths Count 3
Full Baths in Building Count 3
Total Rooms 20
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1230
Appliances And Features Central Air Conditioner, Garage/Space
Full Baths Total 1
Lease Expiration Date 04/24
Rooms Total 7
Security Deposit 600
Tenant Pays Electric, Gas, Parking
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1395
Appliances And Features Washer, Dryer, Dishwasher, Central Air Conditioner, Garage/Space
Full Baths Total 1
Lease Expiration Date 04/24
Rooms Total 7
Security Deposit 1500
Tenant Pays Electric, Gas, Parking
Floor Number 2
unit 3
Beds Total 2
Baths Total 1
Actual Rent 1340
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 04/24
Rooms Total 7
Security Deposit 1435
Tenant Pays Electric,Gas

Financials

Financing Conventional
Gross Rental Income $4,210
Other Addl Income Garage/s, Parking Space/s
Rental Income 3965
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 13321040270000
Special Assessments N
Taxes $4,360
Tax Year 2021
$530,000 Listing Price:
MLS # 11970638
Investment Profile Residential Income
Listing Market Time 35 days
Basement Full
Type Unit 3 Flat
Number of Units in Building 3
Parking Garage
List Date 02/15/2024
Year Built 1924
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