Fantastic investment opportunity! Well-maintained multi-unit property featuring a 3-unit building plus a coach house with an additional apartment. The main building offers two 2-bedroom units, one with 1 bath and the other with 2 baths and a rear porch area, plus a spacious 3-bedroom, 1-bath unit. The coach house features 3 bedrooms and 1 bath. Each unit offers a living room and dining room, providing comfortable layouts for tenants. Property is fully leased with long-time tenants on month-to-month leases. Current rents are below market, offering excellent potential for increased cash flow. Finished basement adds additional usable space. A great opportunity for investors looking to expand their portfolio!
Active
$659,000
2205 N Melvina Ave, Chicago, IL 60639
7beds
--sqft
Multi Family
Built in 1925
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Rear porch area
- --
- on Zillow |
- 357
- views |
- 27
- saves |
Zillow last checked:
Listed by:
Maria Miller 708-859-0909,
Better Homes & Gardens Real Estate,
Scott Miller 708-351-6226,
Better Homes & Gardens Real Estate
Source: MRED as distributed by MLS GRID,MLS#: 12678824
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
- Full bathrooms: 6
Heating
- Forced Air
Features
- Basement: Partially Finished,Full
Property
Lot
- Size: 3,750 Square Feet
- Dimensions: 30x125
Details
- Parcel number: 13321140170000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding, Brick
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $670,010
- Annual tax amount: $7,818
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/26/2005 | Sold | $360,000+65.9% |
Source: Public Record Report a problem | ||
| 11/10/1998 | Sold | $217,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $67,001 +55.8% |
| 2023 | $7,818 +3.1% | $43,000 |
| 2022 | $7,582 +37.3% | $43,000 |
| 2021 | $5,523 +29.4% | $43,000 +93.3% |
| 2020 | $4,268 -9.6% | $22,249 -17.3% |
| 2019 | $4,719 +1.7% | $26,906 |
| 2018 | $4,639 -31.3% | $26,906 -22.5% |
| 2017 | $6,754 +33.6% | $34,733 +25.3% |
| 2016 | $5,055 +9.8% | $27,724 |
| 2015 | $4,602 -13% | $27,724 -10.7% |
| 2014 | $5,288 +2.2% | $31,046 |
| 2013 | $5,172 +0.9% | $31,046 |
| 2012 | $5,127 +12.2% | $31,046 +2.8% |
| 2011 | $4,570 -1.1% | $30,203 |
| 2010 | $4,623 +7.3% | $30,203 -9.9% |
| 2009 | $4,306 +0.9% | $33,526 +12.8% |
| 2008 | $4,267 +1% | $29,724 |
| 2007 | $4,225 -25.3% | $29,724 -24.5% |
| 2006 | $5,655 +31.3% | $39,360 +49.4% |
| 2005 | $4,307 +1% | $26,338 |
| 2004 | $4,264 +2.2% | $26,338 |
| 2003 | $4,172 +26.4% | $26,338 +43.6% |
| 2002 | $3,299 +3.7% | $18,345 |
| 2001 | $3,183 +7.6% | $18,345 |
| 2000 | $2,958 -5.6% | $18,345 +19.4% |
| 1999 | $3,133 | $15,365 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: Galewood
Nearby schools
GreatSchools rating
- 4/10Burbank Elementary SchoolGrades: PK-8Distance: 0.2 mi
- 1/10Steinmetz Academic Centre High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- 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
- 60639
- Galewood
- 2205 N Melvina Ave
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Chicago Topics
