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.
Active
$550,000
1630 W Melrose St, Chicago, IL 60657
4beds
--sqft
Multi Family
Built in 1908
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- --
- on Zillow |
- 3,235
- views |
- 112
- saves |
Likely to sell faster than
Zillow last checked:
Listed by:
Robert Munds (312)399-9841,
Jameson Sotheby's Intl Realty
Source: MRED as distributed by MLS GRID,MLS#: 12667107
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Features
- Basement: Unfinished,Full
Video & virtual tour
Property
Lot
- Dimensions: 25x59x29x74
- Features: Irregular Lot
Details
- Parcel number: 14194300190000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1908
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $550,000
- Annual tax amount: $11,344
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history is unavailable.
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $55,000 +17% |
| 2023 | $10,200 +2.6% | $47,000 |
| 2022 | $9,938 +2.4% | $47,000 |
| 2021 | $9,710 +12% | $47,000 +24.1% |
| 2020 | $8,667 -0.4% | $37,882 -10% |
| 2019 | $8,699 +1.7% | $42,092 |
| 2018 | $8,552 +3.8% | $42,092 +13.2% |
| 2017 | $8,239 +7.3% | $37,178 |
| 2016 | $7,678 +9.1% | $37,178 |
| 2015 | $7,039 +23.9% | $37,178 +25.7% |
| 2014 | $5,683 +1.9% | $29,568 |
| 2013 | $5,574 +1.1% | $29,568 |
| 2012 | $5,513 -27.2% | $29,568 -34.2% |
| 2011 | $7,572 +0.3% | $44,942 |
| 2010 | $7,553 +4.8% | $44,942 |
| 2009 | $7,206 +12.7% | $44,942 +4% |
| 2008 | $6,396 -5.2% | $43,205 -6.2% |
| 2007 | $6,748 -0.9% | $46,062 |
| 2006 | $6,810 +42.7% | $46,062 +62.4% |
| 2005 | $4,771 +1.2% | $28,370 |
| 2004 | $4,714 +2.4% | $28,370 |
| 2003 | $4,602 +4.9% | $28,370 +16.2% |
| 2002 | $4,386 +3.8% | $24,415 |
| 2001 | $4,228 +42.3% | $24,415 |
| 2000 | $2,972 -0.7% | $24,415 +57.8% |
| 1999 | $2,992 | $15,469 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Roscoe Village
Nearby schools
GreatSchools rating
- 8/10Burley Elementary SchoolGrades: K-8Distance: 0.2 mi
- 3/10Lake View High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Burley Elementary School
- Middle: Burley Elementary School
- High: Lake View High School
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Illinois
- Cook County
- Chicago
- 60657
- Roscoe Village
- 1630 W Melrose St
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Nearby neighborhoods
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