BELMONT CRAGIN / PORTAGE PARK! Legal 2-flat with a nonconforming garden apartment and a 2-car detached garage. Excellent investment opportunity in the desirable Belmont Cragin/Portage Park neighborhood. This attractive 21/2-story brick building also offers the potential for one additional outdoor parking space. The property features approximately 2,800 square feet of above-grade living area, with each floor functioning as a separate unit, making it an ideal income-producing property for investors or owner-occupants. The building includes updated units, hardwood and ceramic tile flooring throughout, a separate building laundry room located in the basement, and a new roof installed in May 2026. The second-floor apartment offers five rooms, two bedrooms, a spacious living room, a separate dining room, a large kitchen with a double pantry and eat-in area, and a ceramic tile bathroom. The garden apartment features a finished living room, two bedrooms, a kitchen with oak cabinetry, a full bathroom, new ceramic tile flooring, and a laundry area. The first floor and garden apartment underwent a complete renovation in 2003. The basement and both apartments have been freshly painted, making the property move-in and rent-ready. The building is equipped with two separate heating systems and two central air conditioning systems. The first-floor apartment and the garden apartment share the laundry room and one central air conditioning system, while the second-floor apartment has its own separate heating and air conditioning system. MLS PHOTO DISCLOSURE: Some listing photos have been virtually enhanced and/or virtually staged for marketing purposes. The images may not depict the current appearance of the property or the tenant furnishings that are presently occupying the units. Buyers and buyer's agents are advised to rely on their own inspections and in-person showings to verify the property's current condition and layout.
Re-activated
Price cut: $20K (9/23)
$699,000
5433 W Melrose St, Chicago, IL 60641
5beds
--sqft
Multi Family
Built in 1923
-- sqft lot
$698,500 Zestimate®
$--/sqft
$-- HOA
What's special
Two separate heating systemsCeramic tile flooring throughoutUpdated units
- 102 days
- 31
- 1
Zillow last checked:
Listing updated:
Listed by:
Victor Lopez (630)660-1292,
Coldwell Banker Realty
Source: MRED as distributed by MLS GRID,MLS#: 12658755
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 4
Rooms
- Room types: Kitchen, Enclosed Porch, Sun Room
Heating
- Natural Gas, Forced Air, Radiant
Features
- Windows: Screens
- Basement: Finished,Exterior Entry,Full
Property
Parking
- Total spaces: 2
- Parking features: Garage Door Opener, Yes, Garage Owned, Detached, Garage
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Patio & porch: Porch
- Fencing: Fenced
Lot
- Size: 3,920 Square Feet
- Dimensions: 33X126
Details
- Parcel number: 13213280090000
- Zoning: MULTI
- Special conditions: List Broker Must Accompany
- Other equipment: Ceiling Fan(s)
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1923
- Major remodel year: 2003
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Community
- Features: Curbs, Gated, Sidewalks, Street Lights, Street Paved
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $460,010
- Annual tax amount: $7,811
- Date on market: 6/14/2026
- Ownership: Fee Simple
Estimated market value
$698,500
$664,000 - $733,000
$2,414/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/23/2026 | Price change | $699,000-2.8% |
Source: | ||
| 6/24/2026 | Pending sale | $719,000 |
Source: | ||
| 6/14/2026 | Listed for sale | $719,000+75.4% |
Source: | ||
| 10/22/2018 | Sold | $410,000-6.8% |
Source: | ||
| 9/28/2018 | Pending sale | $439,900 |
Source: Beaulieu Real Estate #10059127 Report a problem | ||
| 8/22/2018 | Price change | $439,900-2.2% |
Source: Beaulieu Real Estate #10059127 Report a problem | ||
| 7/6/2018 | Price change | $449,9000% |
Source: Beaulieu Real Estate #10059127 Report a problem | ||
| 4/30/2018 | Listed for sale | $450,000+57.9% |
Source: Beaulieu Real Estate #09932712 Report a problem | ||
| 8/10/2001 | Sold | $285,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $9,245 +18.4% | $46,001 +24.3% |
| 2023 | $7,811 +2.6% | $36,999 |
| 2022 | $7,614 +2.3% | $36,999 |
| 2021 | $7,445 +22.3% | $36,999 +35.5% |
| 2020 | $6,086 -3.5% | $27,303 -13% |
| 2019 | $6,309 +1.7% | $31,383 |
| 2018 | $6,203 -21.3% | $31,383 -14.3% |
| 2017 | $7,886 +367% | $36,615 |
| 2016 | $1,689 +4% | $36,615 |
| 2015 | $1,623 +0.9% | $36,615 +10.6% |
| 2014 | $1,609 -0.4% | $33,116 |
| 2013 | $1,615 +6.8% | $33,116 |
| 2012 | $1,512 -77.6% | $33,116 -20.3% |
| 2011 | $6,736 +432.8% | $41,540 |
| 2010 | $1,264 +6.6% | $41,540 |
| 2009 | $1,187 -79.6% | $41,540 -12.1% |
| 2008 | $5,817 +7.4% | $47,234 |
| 2007 | $5,414 +16.1% | $47,234 |
| 2006 | $4,664 +6.2% | $47,234 +38.3% |
| 2005 | $4,389 +2.7% | $34,160 |
| 2004 | $4,273 +3.6% | $34,160 |
| 2003 | $4,123 +1.6% | $34,160 +40.1% |
| 2002 | $4,058 +81.7% | $24,387 |
| 2001 | $2,233 -8.8% | $24,387 |
| 2000 | $2,448 -3.8% | $24,387 +20.7% |
| 1999 | $2,544 | $20,204 |
Find assessor info on the county website
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