1630 W Melrose Street, Chicago, IL
  • $550,000

Description

Rare redevelopment or investment opportunity in the heart of Lakeview. Solid brick 2-flat featuring two 2-bedroom, 1-bath apartments with long-term tenants currently on month-to-month leases. Rents are below market, offering immediate upside potential for investors or future redevelopment. Property is zoned B1-3 and is being offered exclusively as part of a package sale with the adjacent property at 3248 N. Lincoln Ave. Prime location near transportation, shopping, dining, and neighborhood amenities. Excellent opportunity to assemble a larger development site in a highly desirable Lakeview location. Sold as-is. Unfinished basement.

  • Listing Courtesy of: Jameson Sotheby's Intl Realty

Details

Updated on June 26, 2026 at 4:00 pm
  • Property ID MRD12667107
  • Price $550,000
  • Bedrooms 4
  • Year Built 1908
  • Property Type Multi Family
  • Property Status Active
  • Parcel Number 14194300190000
  • Water Source Lake Michigan
  • Sewer Public Sewer
  • MLS Status New
  • Cumulative Days On Market 2
  • Tax Annual Amount 11344.33
  • Heating Forced Air
  • Directions Lincoln Ave (north or south) to Melrose St west to the building (Melrose is one-way)
  • Zoning MULTI
  • Address 1630 W Melrose Street
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60657
  • Country United States

Overview

Property ID: MRD12667107
  • Multi Family
  • Property Type
  • 4
  • Bedrooms
  • 1908
  • Year Built

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