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Closed
  • Tax assessed value
    $460,000

    2724 N Melvina Ave, Chicago, IL 60639

    8beds
    --sqft
    Multi Family
    Built in ----
    -- sqft lot
    $466,500 Zestimate®
    $--/sqft
    $1,728 Estimated rent

    Home value

    $466,500

    $425,000 - $513,000

    $1,728/mo

    Zestimate® history
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    What's special

    Functional layoutsExtra wide city lot
    Spacious and versatile multi-unit property located on extra wide city lot in the desirable Belmont Cragin neighborhood, offering an excellent opportunity for owner-occupants or investors. The first units feature 2 bedrooms / 1 full bath and 1 bedroom / 1 full bath, with ample living areas and functional layouts. The second floor unit offers 3 bedrooms and 1 full bath, providing generous living space and flexibility. The third floor offers 2 bedrooms and 1 full bath with bright and spacious open floor plan. Detached 2.5 car garage with space for potential parking next to garage. This property presents a unique opportunity to live in one unit while generating rental income from the others, or to operate as a long-term investment in a strong rental area (current rents are under market and need adjustment). Conveniently located near public transportation / walk to Metra and buses, Target store, Starbucks, parks, schools, grocery store, shopping, and neighborhood amenities. Shows well and offers excellent long-term potential in a central Chicago location. Two tenants have occupied long term (28+ years). Seller prefers to sell in "as is" condition.

    Zillow last checked:

    Listing updated:

    Listed by:

    Ryan Cherney (630)862-5181,

    Circle One Realty

    Bought with:

    William Mombela

    Redfin Corporation

    Source: MRED as distributed by MLS GRID,MLS#: 12591453MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Natural Gas, Radiator(s)
    Features
    • Basement: Crawl Space

    Property

    Parking
    • Total spaces: 2.5
    • Parking features: Garage Door Opener, Yes, Garage Owned, Detached, Garage
    • Garage spaces: 2.5
    • Has uncovered spaces: Yes
    Lot
    • Size: 5,000 Square Feet
    • Dimensions: 40x125
    • Features: Dimensions to Center of Road
    Details
    • Parcel number: 13293030240000
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: American 4-Sq.
    • Property subtype: Multi Family
    Materials
    • Aluminum Siding, Brick, Frame
    • Foundation: Brick/Mortar, Concrete Perimeter
    • Roof: Asphalt
    Condition
    • New construction: No

    Utilities & green energy

    • Sewer: Other
    • Water: Lake Michigan

    Community & HOA

    Community
    • Features: Park, Pool, Tennis Court(s), Sidewalks, Street Lights
    Location
    • Region: Chicago

    Financial & listing details

    • Tax assessed value: $460,000
    • Annual tax amount: $8,579
    • Date on market: 3/13/2026
    • Listing terms: Cash
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    4/22/2026Sold$460,000+2.2%
    Source: MRED as distributed by MLS GRID #12591453 Report a problem
    3/21/2026Contingent$449,900
    Source: MRED as distributed by MLS GRID #12591453 Report a problem
    3/13/2026Listed for sale$449,900-24.9%
    Source: MRED as distributed by MLS GRID #12591453 Report a problem
    3/22/2024Listing removed--
    Source: Owner Report a problem
    2/29/2024Listed for sale$599,000
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$8,580 +106.6%$46,000 +100%
    2023$4,153 +3.1%$23,000
    2022$4,027 +1.8%$23,000
    2021$3,955 -31.2%$23,000 -20.5%
    2020$5,752 -5.2%$28,922 -14%
    2019$6,068 +1.7%$33,631
    2018$5,965 -9.7%$33,631 -1.3%
    2017$6,606 +4.5%$34,063
    2016$6,322 +9.7%$34,063
    2015$5,761 +1.8%$34,063 +3%
    2014$5,660 +2.2%$33,073
    2013$5,537 +0.9%$33,073
    2012$5,487 +4.7%$33,073 -9.1%
    2011$5,241 +2.1%$36,380
    2010$5,131 +8.1%$36,380
    2009$4,747 -5.1%$36,380 -12.5%
    2008$5,002 +8.6%$41,583
    2007$4,607 +19.7%$41,583
    2006$3,849 +8.5%$41,583 +43.2%
    2005$3,548 +3.1%$29,037
    2004$3,441 +4%$29,037
    2003$3,308 +1%$29,037 +44.8%
    2002$3,275 +4.9%$20,050
    2001$3,122 -3.4%$20,050
    2000$3,232 +13.2%$20,050 +19.2%
    1999$2,854 $16,823
    Find assessor info on the county website

    Neighborhood: Belmont Central

    Nearby schools

    GreatSchools rating
    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.

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    Estimated market value
    $466,500
    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
    $466,500