1640 W Melrose Street, Chicago, IL 60657 - Photo 1

1/1

$1,025,000

Sold
Closed
Multi-Family
8 Total Beds
2 Car Garage

1/1

Property Description

Attention Buyers: Great 3-Flat in West Lakeview / Roscoe Village. Great location, this property is a 5 minute walk from the Brown Line, surrounded by local restaurants, a one-mile walk to Wrigley, and an easy walk away from the lake. This 3-Flat features two 3-Bedroom, 1 Bathroom units, and a duplex owners unit featuring 2-Bedrooms and 2 recently renovated bathrooms. Each unit has an individual HVAC, decks in the back, and hardwood floors throughout the units. Duplex-unit is currently owner occupied. Fair market monthly rental income for entire building conservatively estimated at $8,000+. Both bathrooms in the duplex unit were renovated in 2025, one new HVAC unit in 2025, one new water heater in 2024. Roof and tuckpointing done within the last 10 years.

Full Property Details

Full Property Details for 1640 W Melrose St

General

Sold For: $1,025,000
Taxes: $14,603 (2023)
Status: Closed
Type: Multi-Family
Source: MRED
MLS ID: 12418667
Added to Site: 221 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 4

Bedrooms

Total Bedrooms: 8

Additional Information

Equipment: Ceiling Fan(s), Multiple Water Heaters

Parking

Garage: Yes
Garage Spaces: 2
Total Spaces: 2
Parking Features: Garage Door Opener, On Site, Garage Owned, Detached, Garage
Parking On-Site: Yes

Location

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

School Information

School District: 299
Midd School District: 299

Heating & Cooling

Heating Type: Natural Gas, Forced Air

Utilities

Water: Lake Michigan, Public

Structural Information

Architectural Style: Traditional
Construction: Brick, Block
Exterior Const.: Brick, Block
Basement Desc.: Finished, Full, Walk-Out Access
Foundation: Block, Brick/Mortar
Roof: Asphalt
Windows: Screens
Year Built: 1908
Built Before 1978: Yes
Remodeled/Updated: 2000

Unit Information

Units in Building: 3

Lot Features

Lot Size (Acres): 0.06
Lot Size Range: Less than .25 Acre
Lot Dimensions: 24 x 125

Financial Considerations

Parking Included: Yes
Assessment Year: 1908
Tax Amount: $14,603
Tax Year: 2023

Disclosures and Reports

Ownership: Fee Simple
Property ID: 14194300110000

Listed and Sold by DNV Solutions LLC

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— 1640 W Melrose St —

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Schools

Schools serving 1640 W Melrose St

School District:Chicago Public School District 299

Name	Grades	Distance
Burley Elementary School 1630 West Barry Avenue, Chicago, IL 60657	K-8	0.2 mi
Lake View High School 4015 North Ashland Avenue, Chicago, IL 60613	9-12	1 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1640 W Melrose St

Date

Details

Price

Change

Source

10/29/2025

Sold

$1,025,000

-6.82%

MLS

8/05/2025

Price Reduced

$1,100,000

-8.33%

MLS

7/13/2025

Listed

$1,200,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Beds
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1640 W Melrose Street, Chicago, IL 60657 (MLS# 12418667) is a Multi-Family property that was sold at $1,025,000 on October 29, 2025. Want to learn more about 1640 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.

1640 W Melrose St Chicago, IL 60657