Closed

$450,000

4114 Melrose Street, Chicago, IL 60641
4 Beds2 Baths5 days
4114 Melrose Street·Chicago, IL 60641
4Bedrooms
2Bathrooms
1921Year Built
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!

MLS# 12125551Listed July 30, 2024Residential Income
Property Details

Beds & Baths

Total Bedrooms4
Total Bathrooms2
Total Rooms10

Size & Structure

Garage Spaces2
Year Built1921
Lot Size3207

Location

CountyCook
TownshipJefferson
Zip Code60641

Financial

List Price$450,000
Annual Taxes (2023)$8,470
Monthly Tax Est.$706
Parcel #13224320430000
Interior Features

Heating

Natural GasRadiant

Basement

Partially FinishedFullWalk-Out Access
Exterior & Lot

Construction

Brick

Roof

Flat

Lot Features

Corner Lot
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic

Parking

No GarageOn SiteGarage OwnedDetachedGarage
HOA & Community

Community Features

ParkSidewalks
Tax & Financial
Annual Taxes
$8,470
Tax Year 2023
Monthly Tax Est.
$706
per month
Property Location

4114 Melrose Street, Chicago, IL 60641Cook County

$450,000
4114 Melrose Street
4 bd2 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
5 days on market
2-car garage
3207
$8,470/yr taxes
$3,071
estimated monthly payment
Principal & Interest
$2,365/mo
Property Tax
$706/mo
$450,000
20% — $90,000
3%50%
6.875%
3%12%
Loan Amount
$360,000
Down Payment
$90,000

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

Listed by
Re/Max Cityview
Agent: Migdalia Cajigas
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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