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$550,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
  • Updated 6 hours ago
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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.

Full Property Details for 1630 W Melrose St

General

  • Price: $550,000
  • Taxes: $11,344 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12667107

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Upper - Full Baths: 2

Bedrooms

  • Total Bedrooms: 4

Location

  • Area: CHI - Lake View
  • County: Cook
  • Township: Lake View
  • Driving Directions: Lincoln Ave (north or south) to Melrose St west to the building (Melrose is one-way)

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299
  • Elementary School: Burley Elementary School
  • Middle School: Burley Elementary School
  • High School: Lake View High School
  • Private School: Lake View High School

Heating & Cooling

  • Heating Type: Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Unfinished, Full
  • Year Built: 1908
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 25 x 59 x 29 x 74
  • Lot Features: Irregular Lot
  • Zoning: MULTI

Financial Considerations

  • Insurance Fee: $1,600
  • Assessment Year: 1908
  • Tax Amount: $11,344.33
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Floor Plans: Yes
  • Property ID: 14194300190000

Listed by Jameson Sotheby's Intl Realty

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Listing agent

— 1630 W Melrose St —

  • Jameson Sotheby's Intl Realty

(312) 399-9841

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

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NMLS#: 1598647

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Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1630 W Melrose St

School District:Chicago Public School District 299
NameGradesDistance
Burley Elementary School
1630 West Barry Avenue, Chicago, IL 60657
K-80.2 mi
Lake View High School
4015 North Ashland Avenue, Chicago, IL 60613
9-121 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Tax History for 1630 W Melrose St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$10,200
—
$55,000
17%
2023
$10,200
3%
$47,000
—
2022
$9,938
2%
$47,000
—
2021
$9,710
12%
$47,000
24%
2020
$8,667
—
$37,882
-10%
2019
$8,699
2%
$42,092
—
2018
$8,552
4%
$42,092
13%
2017
$8,239
7%
$37,178
—
2016
$7,678
9%
$37,178
—
2015
$7,039
24%
$37,178
26%
2014
$5,683
2%
$29,568
—
2013
$5,574
1%
$29,568
—
2012
$5,513
—
$29,568
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Jameson Sotheby's Intl Realty

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1630 W Melrose Street, Chicago, IL 60657 (MLS# 12667107) is a Multi-Family property with 2 units containing 4 bedrooms and 0 full bathrooms. 1630 W Melrose Street is currently listed for $550,000 and was received on June 25, 2026. Want to learn more about 1630 W Melrose Street? Do you have questions about finding other Multi-Family real estate for sale in LakeView? You can browse all LakeView real estate or contact a Coldwell Banker agent to request more information.

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