5418 W Melrose Street
Chicago, IL 60641

Status: Sold
Multi Family
4 beds
0 baths
0 sq.ft
Listing Price: $549,000

About this home

*** MULTIPLE OFFERS received. Offers due by 4:00pm on Monday, 02/19/2024***Well maintained legal two flat with a finished basement, 2 car garage and extra gated parking space in the back, conveniently located near public transportation, stores, schools, Chopin Park and Portage Park. Generously sized 2-Bedroom apartments with formal living and dining rooms, enclosed private porches and eat-in kitchens; both nicely remodeled about 7 years ago. Each apartment features hardwood floors throughout and original woodwork. First floor unit has enclosed back porch with sliding glass door to a wooden deck, an idyllic space for dining, relaxation or entertaining. Kitchen features tall maple cabinetry complemented by granite countertops and mosaic backsplash. Second floor is similar in size and layout. Kitchen has stained maple cabinetry, granite countertops and mosaic backsplash. Basement offers nicely finished additional living spaces with new vinyl floor and carpet. There are three remodeled ceramic tile bathrooms in the building; one on each level. Main entry upgraded with ceramic tile floor and refinished wooden staircase. Building has two separate heating and cooling systems about 10 years old. Second floor utilities are separate-paid by the tenant. First floor and basement utilities are under one gas and electric meter-paid by the owner. There are two HW tanks about 8 years old. Coin-operated washer/dryer are located in the back area of the basement. Building has vinyl windows on the first and second floor and glass block windows in the basement. Additional features include sewer backwater valve and security camera system. New sidewalks and gated concrete slab for extra parking besides 2-car garage. Fenced-in yard. This building can be a great option for both real estate investors and owner occupied buyers. Desirable location, steps from grocery stores, restaurants and CTA buses.

Property details

Interior Features
Additional Rooms Enclosed Porch, Utility Room-Lower Level
Basement Description Finished, Exterior Access
Basement Full
Bedrooms Count 4
Bedrooms Possible 4
Baths Count 3
Full Baths in Building Count 3
Total Rooms 15
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1750
Appliances And Features Stove, Refrigerator, Microwave, Central Air Conditioner, Garage/Space, Hardwood Floors, Walk-In Closet
Full Baths Total 1
Lease Expiration Date MO/MO
Rooms Total 6
Security Deposit 2625
Tenant Pays None
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1500
Appliances And Features Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors
Full Baths Total 1
Lease Expiration Date MO/MO
Rooms Total 6
Security Deposit 2250
Tenant Pays Electric, Gas, Heat
Floor Number 2
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 91-100 Years
3 Bedroom Unit in Building No
Approx Year Built 1928
Parking Total 3
Exterior Building Type Brick
Exterior Property Features Deck
Garage Details Garage Door Opener(s), Transmitter(s)
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Features Alley Access, Secured
Garage On-Site Yes
Parking Ownership Owned
Parking Garage,Space/s
Roof Type Flat
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Curbs, Sidewalks, Street Lights, Street Paved
Area Major CHI - Portage Park
Corporate Limits Chicago
Directions Central Ave to Melrose E to home.
Equipment CO Detectors, Security Cameras
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air, Sep Heating Systems - 2+
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township Jefferson
Property / Lot Details
Deconversion N
Lot Dimensions 33 X 125
Lot Description Fenced Yard
Lot Size Source County Records
Lot Size Oversized 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 13213240310000
Special Assessments U
Taxes $7,203
Tax Exemptions None
Tax Year 2022
$549,000 Listing Price:
MLS # 11974771
Investment Profile Residential Income
Listing Market Time 39 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 2
Parking Garage,Space/s
List Date 02/12/2024
Year Built 1928
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