Investor/Handyman Special - 5 Bed, 3 Bath in Chicago! Spacious 5-bedroom, 3-bathroom home in Chicago, offering plenty of room and strong potential for the right buyer. This home needs work and is being sold strictly as-is - a great opportunity for an investor or hands-on buyer looking to add value. With 5 bedrooms and 3 full baths, this is a rare find for large families, multi-generational living, or an investor targeting a strong rental or resale after updates. Located in Chicago's Portage Park area, close to shops, dining, schools, and transportation. Cash or Conventional-financing buyers preferred. Schedule your showing today! Selling AS-IS!
New
$469,000
4937 W Melrose St, Chicago, IL 60641
5beds
--sqft
Multi Family
Built in 1923
-- sqft lot
$466,500 Zestimate®
$--/sqft
$-- HOA
What's special
- 13 hours
- 91
- 11
Zillow last checked:
Listing updated:
Listed by:
Randy Servin 708-484-2300,
RE/MAX Partners
Source: MRED as distributed by MLS GRID,MLS#: 12735543
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 3
Heating
- Natural Gas
Features
- Basement: Finished,Full
Property
Parking
- Total spaces: 2
- Parking features: Yes, Garage Owned, Detached, Garage
- Garage spaces: 2
Features
- Patio & porch: Deck
Lot
- Size: 3,125 Square Feet
- Dimensions: 125x25
Details
- Parcel number: 13214210080000
- Special conditions: Exceptions-Call List Office
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding, Vinyl Siding, Steel Siding
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1923
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $390,000
- Annual tax amount: $7,176
- Date on market: 9/21/2026
- Ownership: Fee Simple
Estimated market value
$466,500
$443,000 - $490,000
$2,359/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/21/2026 | Listed for sale | $469,000+175.9% |
Source:  MRED as distributed by MLS GRID #12735543 Report a problem | ||
| 9/30/1999 | Sold | $170,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,176 +18.5% | $39,000 +21.9% |
| 2023 | $6,056 +3% | $32,000 |
| 2022 | $5,882 +2% | $32,000 |
| 2021 | $5,769 +16.5% | $32,000 +26.4% |
| 2020 | $4,953 -4.1% | $25,325 -13% |
| 2019 | $5,163 +1.7% | $29,110 |
| 2018 | $5,075 -19.5% | $29,110 -10.8% |
| 2017 | $6,306 +4.3% | $32,652 |
| 2016 | $6,043 +9.8% | $32,652 |
| 2015 | $5,506 +2.4% | $32,652 +3.6% |
| 2014 | $5,376 +2.2% | $31,520 |
| 2013 | $5,258 +0.9% | $31,520 |
| 2012 | $5,213 +0% | $31,520 -12.9% |
| 2011 | $5,210 -11.5% | $36,168 |
| 2010 | $5,890 +4.3% | $36,168 |
| 2009 | $5,645 -7.2% | $36,168 -14.6% |
| 2008 | $6,082 +1% | $42,363 |
| 2007 | $6,021 -1.1% | $42,363 |
| 2006 | $6,086 +30.1% | $42,363 +48.1% |
| 2005 | $4,679 +1% | $28,612 |
| 2004 | $4,632 +2.2% | $28,612 |
| 2003 | $4,532 +21.2% | $28,612 +37.6% |
| 2002 | $3,739 +14.8% | $20,793 |
| 2001 | $3,256 +5.9% | $20,793 |
| 2000 | $3,074 +14.1% | $20,793 +30.2% |
| 1999 | $2,695 | $15,970 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Cragin
Nearby schools
Schools provided by the listing agent
- Elementary: Falconer Elementary School
- Middle: Foreman High School
- High: Kelvyn Park 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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