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Off market
  • $1,837,900

    1518 W Melrose St, Melrose Park, IL 60657

    11beds
    6baths
    1,200sqft
    MultiFamily
    Built in 1915
    -- sqft lot
    $1,837,900 Zestimate®
    $1,532/sqft
    $3,344 Estimated rent

    Home value

    $1,837,900

    $1.45M - $2.30M

    $3,344/mo

    Zestimate® history
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    Owner options

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    $3,344/mo

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    $3,344/mo

    Rent Zestimate®

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    $10,818/mo

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    $10,818/mo

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    What's special

    Attention investors and owner occupants looking for instant equity or some additional income in HOT Lake View! Here is your unique opportunity to own this legal 3-unit property on quiet residential street. Property consists of two units in 2-flat in front with unfinished basement and another unit in coach house in back with separate utility accounts. Only top floor unit at front house is vacant; all the other units are tenant occupied. At front house, first floor unit is large 2BD/1BA, combined living/dining room, and kitchen with appliances. House hack by living in second vacant floor unit that is 3BD/1 BA, living room, dining room, and kitchen with appliances & walk-in pantry as an owner occupant- also perfect for secondary vacation property or investment property! Both 2-flat units each have enclosed rear porch for additional storage. Unfinished basement, full of potential, has coin operated laundry room, endless storage, and private side entrance on ground level. Coach house: 3BD/3BA, two living/dining spaces, two kitchen spaces, laundry/utility room, loft space, and ample storage space throughout. Front house and rear house share outdoor patio. Burley School District. Total walker's paradise - Whole Foods (0.1 mile), Target Grocery (0.2 mile) & Whole Foods (0.4 mile) & Trade Joe's (0.9mile), CTA Brown Line: Paulina Station (0.4 mile) & Southport (0.4 mile), CTA Bus - #77: Belmont (0.1 mile) & #9: Ashland: (0.2 mile) and countless neighborhood shops, cafes, restaurants, and nightlife options! Being sold AS-IS. Please view virtual tour before setting up a showing.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 11
    • Bathrooms: 6
    Heating
    • Other
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Refrigerator
    Features
    • Flooring: Hardwood
    • Basement: Finished
    Interior area
    • Total interior livable area: 1,200 sqft

    Property

    Parking
    • Parking features: None
    Features
    • Exterior features: Brick
    Lot
    • Size: 3,049 Square Feet
    Details
    • Parcel number: 1420324036

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    • Roof: Built-up
    Condition
    • Year built: 1915

    Utilities & green energy

    • Sewer: Sewer-Public

    Community & HOA

    Location
    • Region: Melrose Park

    Financial & listing details

    • Price per square foot: $1,532/sqft
    • Tax assessed value: $1,460,000
    • Annual tax amount: $29,333

    Price history

    DateEventPrice
    3/14/2023Sold$650,000-26.6%$542/sqft
    Source: MRED as distributed by MLS GRID #11614017 Report a problem
    1/11/2023Pending sale$885,000$738/sqft
    Source: RE/MAX International #11614017 Report a problem
    1/10/2023Contingent$885,000$738/sqft
    Source: MRED as distributed by MLS GRID #11614017 Report a problem
    11/3/2022Listed for sale$885,000$738/sqft
    Source: MRED as distributed by MLS GRID #11614017 Report a problem
    10/29/2022Pending sale$885,000$738/sqft
    Source: RE/MAX International #11614017 Report a problem
    10/27/2022Contingent$885,000$738/sqft
    Source: MRED as distributed by MLS GRID #11614017 Report a problem
    8/25/2022Listed for sale$885,000-6.8%$738/sqft
    Source: MRED as distributed by MLS GRID #11614017 Report a problem
    8/1/2021Listing removed--
    Source: MRED as distributed by MLS GRID #11004078 Report a problem
    12/14/2020Listed for sale$950,000$792/sqft
    Source: MRED as distributed by MLS GRID #10818810 Report a problem
    10/22/2020Listing removed$950,000$792/sqft
    Source: Redfin Corporation #10818810 Report a problem
    9/28/2020Price change$950,000-2.6%$792/sqft
    Source: Redfin Corporation #10818810 Report a problem
    8/21/2020Listed for sale$975,000+13.4%$813/sqft
    Source: Redfin Corporation #10818810 Report a problem
    3/27/2020Listing removed$1,895$2/sqft
    Source: Fulton Grace Realty Report a problem
    3/20/2020Listed for rent$1,895-12.9%$2/sqft
    Source: Fulton Grace Realty Report a problem
    10/31/2018Listing removed$2,175+21.5%$2/sqft
    Source: The Lathan-Rizzo Team - Fulton Grace Realty Report a problem
    8/27/2018Price change$1,790-12.7%$1/sqft
    Source: The Lathan-Rizzo Team - Fulton Grace Realty Report a problem
    7/20/2018Listed for rent$2,050$2/sqft
    Source: Fulton Grace Realty Report a problem
    7/28/2017Sold$860,000$717/sqft
    Source: MRED as distributed by MLS GRID #09630344 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$29,333 +15%$146,000 +20.8%
    2023$25,507 +2.6%$120,890
    2022$24,865 +2.3%$120,890
    2021$24,310 +49.8%$120,890 +66%
    2020$16,226 -0.1%$72,837 -9.9%
    2019$16,243 +1.7%$80,845
    2018$15,970 -9.6%$80,845 -1.5%
    2017$17,666 +7.5%$82,065
    2016$16,437 +15.6%$82,065
    2015$14,214 -1.1%$82,065 -2.1%
    2014$14,370 +6.8%$83,789
    2013$13,455 -3.5%$83,789
    2012$13,948 +106.9%$83,789 -4%
    2008$6,741 -38.3%$87,305
    2007$10,926 +4.9%$87,305
    2006$10,412 +3.1%$87,305 +26.2%
    2005$10,104 +1.7%$69,157
    2004$9,930 -9.3%$69,157
    2003$10,943 +49.7%$69,157 +70%
    2002$7,309 +3.8%$40,682
    2001$7,045 +56.5%$40,682
    2000$4,500 $40,682
    Find assessor info on the county website

    Neighborhood: Lake View

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,837,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,837,900