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$469,000

  • For Sale
  • Active
  • Multi-Family
  • 5 Total Beds
  • 2 Car Garage
  • Updated 4 days ago
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Investor/Handyman Special - 5 Bed, 3 Bath in Chicago! Spacious 5-bedroom, 3-bathroom home in Chicago, offering plenty of room and strong potential for the right buyer. This home needs work and is being sold strictly as-is - a great opportunity for an investor or hands-on buyer looking to add value. With 5 bedrooms and 3 full baths, this is a rare find for large families, multi-generational living, or an investor targeting a strong rental or resale after updates. Located in Chicago's Portage Park area, close to shops, dining, schools, and transportation. Cash or Conventional-financing buyers preferred. Schedule your showing today! Selling AS-IS!

Full Property Details for 4937 W Melrose St

General

  • Price: $469,000
  • Taxes: $7,176 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12735543
  • Updated: 9/27/2026
  • Added to Site: 10 day(s) ago

Interior

  • Basement: Finished, F

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Upper - Full Baths: 3

Bedrooms

  • Total Bedrooms: 5

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Features: Yes, Garage Owned, Detached, Garage

Location

  • Area: CHI - Portage Park
  • County: Cook
  • Township: Jefferson
  • Driving Directions: North on Laramie, East on W School St, South on N Lavergne, East on Melrose St

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299
  • Elementary School: Falconer Elementary School
  • Middle School: Foreman High School
  • High School: Kelvyn Park High School
  • Private School: Kelvyn Park High School

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Aluminum Siding, Vinyl Siding, Steel Siding
  • Exterior Const.: Aluminum Siding, Vinyl Siding, Steel Siding
  • Basement: Yes
  • Basement Desc.: Finished, Full
  • Foundation: Concrete Perimeter
  • Roof: Asphalt
  • Year Built: 1923
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 125 x 25

Financial Considerations

  • Assessment Year: 1923
  • Tax Amount: $7,176.25
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: Exceptions-Call List Office
  • Property ID: 13214210080000

Listed by RE/MAX Partners

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— 4937 W Melrose St —

  • RE/MAX Partners

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

Schools serving 4937 W Melrose St

School District:Chicago Public School District 299
NameGradesDistance
Falconer Elementary School
3020 North Lamon Avenue, Chicago, IL 60641
PK-60.3 mi
Kelvyn Park High School
4343 West Wrightwood Avenue, Chicago, IL 60639
7-81.1 mi
Foreman High School
3235 North Leclaire Avenue, Chicago, IL 60641
9-120.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4937 W Melrose St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/21/2026
Listed
$469,000
175.88%
MLS
9/30/1999
Sold
$170,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4937 W Melrose St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$6,056
—
$39,000
22%
2023
$6,056
3%
$32,000
—
2022
$5,882
2%
$32,000
—
2021
$5,769
16%
$32,000
26%
2020
$4,953
-4%
$25,325
-13%
2019
$5,163
2%
$29,110
—
2018
$5,075
-20%
$29,110
-11%
2017
$6,306
4%
$32,652
—
2016
$6,043
10%
$32,652
—
2015
$5,506
2%
$32,652
4%
2014
$5,376
2%
$31,520
—
2013
$5,258
1%
$31,520
—
2012
$5,213
—
$31,520
—
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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4937 W Melrose Street, Chicago, IL 60641 (MLS# 12735543) is a Multi-Family property with 2 units containing 5 bedrooms and 0 full bathrooms. 4937 W Melrose Street is currently listed for $469,000 and was received on September 21, 2026. Want to learn more about 4937 W Melrose Street? Do you have questions about finding other Multi-Family real estate for sale in Portage Park? You can browse all Portage Park real estate or contact a Coldwell Banker agent to request more information.

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