Closed

$1,100,000

3417 Melrose Street, Chicago, IL 60618
7 Beds7 Baths120 days
3417 Melrose Street·Chicago, IL 60618
7Bedrooms
7Bathrooms
About This Home

Prime Investment Opportunity! Discover a lucrative investment opportunity with this beautifully renovated 4-unit property, featuring a main building with three modern units and a charming coach house. Located in a desirable neighborhood, this property offers both substantial rental income potential and appealing living spaces for tenants. The main building has 2 units with 2 bedrooms and 1.5 bathrooms each. The penthouse unit in the main building has 1 bedroom/1 bathroom. The Charming Coach House has 2 bedrooms/ 1.5 bathrooms and office/den area. All units have a fully equipped kitchen and in-unit laundry. Prime Location! Situated in a sought-after area, this property benefits from strong rental demand and proximity to local amenities, public transportation, and key attractions. Its location enhances both tenant appeal and investment potential. This renovated 4-unit property with a coach house is a rare investment opportunity, combining modern amenities with strong rental income potential. Don't miss out on adding this prime asset to your real estate portfolio!

MLS# 12128317Listed July 31, 2024Residential Income
Property Details

Beds & Baths

Total Bedrooms7
Total Bathrooms7
Total Rooms18

Size & Structure

Lot Size3,150

Location

CountyCook
TownshipJefferson
Zip Code60618

Financial

List Price$1,100,000
Annual Taxes (2023)$12,480
Monthly Tax Est.$1,040
Parcel #13234090300000
Interior Features

Heating

Natural Gas

Basement

None
Exterior & Lot

Construction

Vinyl Siding
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

On SiteOwned
Tax & Financial
Annual Taxes
$12,480
Tax Year 2023
Monthly Tax Est.
$1,040
per month
Property Location

3417 Melrose Street, Chicago, IL 60618 — Cook County

$1,100,000
3417 Melrose Street
7 bd7 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
120 days on market
3,150
$12,480/yr taxes
$6,821
estimated monthly payment
Principal & Interest
$5,781/mo
Property Tax
$1,040/mo
$1,100,000
20% — $220,000
3%50%
6.875%
3%12%
Loan Amount
$880,000
Down Payment
$220,000

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

Listed by
Real Broker LLC
Agent: Rafay Qamar
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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