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
- --
- 2,773
- views
- 100
- saves
Zillow last checked:
Listing updated:
Listed by:
Robert Munds (312)399-9841,
Jameson Sotheby's Intl Realty
Source: MRED as distributed by MLS GRID,MLS#: 12667107
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
- Date on market: 6/25/2026
- 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 | $11,344 +11.2% | $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
Payment breakdown
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Neighborhood: Roscoe Village
Nearby schools
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.
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