Closed

$885,000

1518 Melrose Street, Chicago, IL 60657
11 Beds6 Baths139 days
1518 Melrose Street·Chicago, IL 60657
11Bedrooms
6Bathrooms
About This Home

Attention investors and owner occupants looking for instant equity or some additional income in HOT Lake View! Here is your unique opportunity to own this legal 3-unit property on quiet residential street. Property consists of two units in 2-flat in front with unfinished basement and another unit in coach house in back with separate utility accounts. Only top floor unit at front house is vacant; all the other units are tenant occupied. At front house, first floor unit is large 2BD/1BA, combined living/dining room, and kitchen with appliances. House hack by living in second vacant floor unit that is 3BD/1 BA, living room, dining room, and kitchen with appliances & walk-in pantry as an owner occupant- also perfect for secondary vacation property or investment property! Both 2-flat units each have enclosed rear porch for additional storage. Unfinished basement, full of potential, has coin operated laundry room, endless storage, and private side entrance on ground level. Coach house: 3BD/3BA, two living/dining spaces, two kitchen spaces, laundry/utility room, loft space, and ample storage space throughout. Front house and rear house share outdoor patio. Burley School District. Total walker's paradise - Whole Foods (0.1 mile), Target Grocery (0.2 mile) & Whole Foods (0.4 mile) & Trade Joe's (0.9mile), CTA Brown Line: Paulina Station (0.4 mile) & Southport (0.4 mile), CTA Bus - #77: Belmont (0.1 mile) & #9: Ashland: (0.2 mile) and countless neighborhood shops, cafes, restaurants, and nightlife options! Being sold AS-IS. Please view virtual tour before setting up a showing.

MLS# 11614017Listed August 25, 2022Residential Income
Property Details

Beds & Baths

Total Bedrooms11
Total Bathrooms6
Total Rooms35

Size & Structure

Lot Size25X125

Location

CountyCook
TownshipLake View
Zip Code60657

Financial

List Price$885,000
Annual Taxes (2020)$16,226
Monthly Tax Est.$1,352
Parcel #14203240360000
Interior Features

Heating

SteamRadiator(s)

Basement

FinishedFull
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic
Tax & Financial
Annual Taxes
$16,226
Tax Year 2020
Monthly Tax Est.
$1,352
per month
Property Location

1518 Melrose Street, Chicago, IL 60657Cook County

$885,000
1518 Melrose Street
11 bd6 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
139 days on market
25X125
$16,226/yr taxes
$6,003
estimated monthly payment
Principal & Interest
$4,651/mo
Property Tax
$1,352/mo
$885,000
20% — $177,000
3%50%
6.875%
3%12%
Loan Amount
$708,000
Down Payment
$177,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
RE/MAX NEXT
Agent: Mike Checuga
Similar Homes

You May Also Like

Keep Exploring

Find Your Perfect Home

Browse available listings in Chicago and across the North Shore.

Also popular on the North Shore

REALTOR® Logo
Equal Housing Opportunity LogoEqual Housing Opportunity

Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy.

© 2026 MLS GRID. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use.