Closed

$1,250,000

741 Melrose Street, Chicago, IL 60657
5 Beds3 Baths1 days
741 Melrose Street·Chicago, IL 60657
5Bedrooms
3Bathrooms
1883Year Built
About This Home

Attention investors, rehabbers, builders! Extra-deep RM4.5 zoned lot located in the heart of east Lakeview, 741 West Melrose Street is a unique opportunity to own a piece of neighborhood history. This two-unit wood-frame home sits on an extra-deep 25x145 lot, on a quiet tree-lined street, offering plenty of backyard space and endless possibilities. Owner currently has a wonderful garden set up in the yard. Whether you're looking to build a spacious new single-family home, erect a new multi-unit property, or thoughtfully restore the charming existing home, this property gives you the flexibility to bring your vision to life. Wonderful location close to shopping, dining, and all the lakefront offerings including parks, trails, golf course and more. First floor 2 bed unit is leased, owner occupied duplex up, partially finished basement.

MLS# 12281374Listed February 19, 2025Residential Income
Property Details

Beds & Baths

Total Bedrooms5
Total Bathrooms3
Total Rooms15

Size & Structure

Garage Spaces2
Year Built1883
Lot Size25X147

Location

CountyCook
TownshipLake View
Zip Code60657

Financial

List Price$1,250,000
Annual Taxes (2023)$19,629
Monthly Tax Est.$1,636
Parcel #14213130070000
Interior Features

Heating

SteamRadiant

Basement

Partially FinishedFull
Exterior & Lot

Construction

Vinyl Siding

Roof

Asphalt

Foundation

Block

Patio & Porch

Deck

Lot Features

Level
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

Garage Door OpenerOn SiteGarage OwnedAttachedGarage
Tax & Financial
Annual Taxes
$19,629
Tax Year 2023
Monthly Tax Est.
$1,636
per month
Property Location

741 Melrose Street, Chicago, IL 60657 — Cook County

$1,250,000
741 Melrose Street
5 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
1 days on market
2-car garage
25X147
$19,629/yr taxes
$8,205
estimated monthly payment
Principal & Interest
$6,569/mo
Property Tax
$1,636/mo
$1,250,000
20% — $250,000
3%50%
6.875%
3%12%
Loan Amount
$1,000,000
Down Payment
$250,000

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

Listed by
Compass
Agent: Lauren Mitrick Wood
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