Address
5418 W Melrose Street, Chicago, IL
Price
$ 549,000
Property Attributes
  • ID#11974771
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • AreaCHI - Portage Park
  • Zip60641
  • Style
  • Year Built1928
  • Taxes$ 7202
  • Price$ 549,000
  • Bedrooms4
  • Full Bathrooms3
  • Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description

*** MULTIPLE OFFERS received. Offers due by 4:00pm on Monday, 02/19/2024***Well maintained legal two flat with a finished basement, 2 car garage and extra gated parking space in the back, conveniently located near public transportation, stores, schools, Chopin Park and Portage Park. Generously sized 2-Bedroom apartments with formal living and dining rooms, enclosed private porches and eat-in kitchens; both nicely remodeled about 7 years ago. Each apartment features hardwood floors throughout and original woodwork. First floor unit has enclosed back porch with sliding glass door to a wooden deck, an idyllic space for dining, relaxation or entertaining. Kitchen features tall maple cabinetry complemented by granite countertops and mosaic backsplash. Second floor is similar in size and layout. Kitchen has stained maple cabinetry, granite countertops and mosaic backsplash. Basement offers nicely finished additional living spaces with new vinyl floor and carpet. There are three remodeled ceramic tile bathrooms in the building; one on each level. Main entry upgraded with ceramic tile floor and refinished wooden staircase. Building has two separate heating and cooling systems about 10 years old. Second floor utilities are separate-paid by the tenant. First floor and basement utilities are under one gas and electric meter-paid by the owner. There are two HW tanks about 8 years old. Coin-operated washer/dryer are located in the back area of the basement. Building has vinyl windows on the first and second floor and glass block windows in the basement. Additional features include sewer backwater valve and security camera system. New sidewalks and gated concrete slab for extra parking besides 2-car garage. Fenced-in yard. This building can be a great option for both real estate investors and owner occupied buyers. Desirable location, steps from grocery stores, restaurants and CTA buses.

Price History
2/12/2024 Listed $549,000

General Features

Sewer Public Sewer
Heating Natural Gas,Forced Air,Sep Heating Systems - 2+
Possession Closing,Tenant's Rights
Roof Flat
Exterior Features Deck
Garage Spaces 2
Year Built 1928
Township Jefferson
Tax Year 2022
Percent Ownership Fee Simple
Community Features Curbs,Sidewalks,Street Lights,Street Paved
County Cook
New Construction No
Property Type Residential Income
Total Rooms 15
Status Active
Directions Central Ave to Melrose E to home.
City Chicago
High School District 299
MLS Area CHI - Portage Park
Waterfront Y/N No
Street Name Melrose
Tax Annual Amount 7202.8
Additional Parcels Y/N No
Days on Market 9
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
Property Type Two to Four Units

Interior Features

Basement Full
Street Suffix Street
Total Bedrooms 4
Room Type Enclosed Porch,Utility Room-Lower Level
Total Baths 3
Bedrooms Possible 4
Basement Finished,Exterior Access
Full Baths Building 3
Total Number of Units 2

Exterior Features

Parking Features Alley Access,Secured
Lot Features Fenced Yard
Water Source Lake Michigan
Total Parking 3
Lot Dimensions 33 X 125
Other Equipment CO Detectors,Security Cameras
Garage Onsite Yes
Garage Type Detached
Garage Ownership Owned
Exterior Brick

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60641

Price
AVG $770K
$550K
Taxes
AVG $10,319
$7,202
Visits
AVG 162
18
Data Provided by Inside Real Estate®
Year Built
AVG 1924
1928