4114 W Melrose Street
Chicago, IL 60641

Status: Sold
Multi Family
4 beds
0 baths
0 sq.ft
Listing Price: $450,000

About this home

Looking for an excellent investment opportunity in the heart of Chicago's vibrant Avondale/Irving Park neighborhood? This 2-unit brick building is ideally located on a corner lot offering abundant natural light with no neighboring property to the East. Each unit consists of 2 bedrooms, 1 bath, formal Living room and dining room, spacious kitchen with pantry, and has separate utilities. The property includes a partially finished basement with laundry, an additional bedroom, and ample space for potential expansion. There's a generous fenced in yard and existing garage is a teardown, offering a blank canvas for redevelopment or to extend your yard space! Situated just two blocks from bustling Milwaukee Avenue, you'll find plenty of dining options, boutiques, and local businesses. Commuting is a breeze with the Belmont CTA Blue Line and the Kennedy (90) just 1 mile away, plus nearby Kilbourn Park ensuring easy access to recreational amenities. Although this property requires updating, its prime location presents an exciting opportunity for investors or homeowners looking to customize and capitalize on the potential of this gem. Revamp into a single family home OR remodel this gem and collect passive income. Sold As Is!

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building No
Approx Year Built 1921
Parking Total 2
Exterior Building Type Brick
Garage Details None/NA
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Roof Type Flat
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Park ,Sidewalks
Area Major CHI - Irving Park
Zoning Type MULTI
Corporate Limits Chicago
Directions Belmont West To Keeler, Keeler South to Melrose, Melrose West to Building
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Radiant
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan, Public
Jr High/Middle Dist 299
Township Jefferson
Interior Features
Basement Description Partially Finished
Basement Full ,Walkout
Bedrooms Count 4
Bedrooms Possible 4
Baths Count 2
Full Baths in Building Count 2
Total Rooms 10
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1800
Appliances And Features None
Full Baths Total 1
Lease Expiration Date PROJ
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 1
Square Feet 900
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1800
Appliances And Features None
Full Baths Total 1
Lease Expiration Date PROJ
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 2
Square Feet 900
Property / Lot Details
Deconversion N
Lot Dimensions 3207
Lot Description Corner Lot
Lot Size Standard Chicago Lot
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units

Financials

Financing Conventional
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 13224320430000
Special Assessments N
Taxes $8,470
Tax Exemptions None
Tax Year 2023
$450,000 Listing Price:
MLS # 12125551
Investment Profile Residential Income
Listing Market Time 52 days
Basement Full ,Walkout
Type Unit 2 Flat
Number of Units in Building 2
Parking Garage
List Date 07/30/2024
Year Built 1921
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