Attention investors, rehabbers, builders! Extra-deep RM4.5 zoned lot located in the heart of east Lakeview, 741 West Melrose Street is a unique opportunity to own a piece of neighborhood history. This two-unit wood-frame home sits on an extra-deep 25x145 lot, on a quiet tree-lined street, offering plenty of backyard space and endless possibilities. Owner currently has a wonderful garden set up in the yard. Whether you're looking to build a spacious new single-family home, erect a new multi-unit property, or thoughtfully restore the charming existing home, this property gives you the flexibility to bring your vision to life. Wonderful location close to shopping, dining, and all the lakefront offerings including parks, trails, golf course and more. First floor 2 bed unit is leased, owner occupied duplex up, partially finished basement.
Closed
$1,250,000
741 W Melrose St, Chicago, IL 60657
6beds
--sqft
Multi Family
Built in 1883
-- sqft lot
$1,509,900 Zestimate®
$--/sqft
$3,670 Estimated rent
Home value
$1,509,900
$1.33M - $1.72M
$3,670/mo
Zestimate® history
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$8,941/mo
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Zillow last checked:
Listing updated:
Listing courtesy of:
Lauren Mitrick Wood 773-466-7150,
Compass,
Charlie Wood,
Compass
Bought with:
Susanna Cherubin-Delisi
Compass
Source: MRED as distributed by MLS GRID,MLS#: 12281374
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Steam, Radiant
Features
- Basement: Partially Finished,Full
Property
Parking
- Total spaces: 2
- Parking features: Garage Door Opener, On Site, Garage Owned, Attached, Garage
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Patio & porch: Deck
- Fencing: Fenced
Lot
- Size: 3,675 sqft
- Dimensions: 25X147
- Features: Level
Details
- Parcel number: 14213130070000
- Special conditions: None
- Other equipment: Ceiling Fan(s)
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1883
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s)
Location
- Region: Chicago
Other
Other facts
- Listing terms: Cash
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2025 | Sold | $1,250,000 |
Source:  MRED as distributed by MLS GRID #12281374 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $92,000 -7.1% |
| 2023 | $19,629 +2.8% | $99,000 |
| 2022 | $19,096 +2.1% | $99,000 |
| 2021 | $18,703 +6.5% | $99,000 +17.3% |
| 2020 | $17,565 -0.2% | $84,432 -10% |
| 2019 | $17,608 +1.7% | $93,814 |
| 2018 | $17,310 +17.2% | $93,814 +25.6% |
| 2017 | $14,774 +4.7% | $74,706 |
| 2016 | $14,105 +9.6% | $74,706 |
| 2015 | $12,866 +12.2% | $74,706 +12.8% |
| 2014 | $11,466 +2.2% | $66,200 |
| 2013 | $11,220 +1% | $66,200 |
| 2012 | $11,112 -10.7% | $66,200 -19.5% |
| 2011 | $12,447 +17.3% | $82,197 |
| 2010 | $10,609 -9.4% | $82,197 |
| 2009 | $11,707 +6.7% | $82,197 -2.8% |
| 2008 | $10,972 +25.3% | $84,542 |
| 2007 | $8,759 -14.1% | $84,542 |
| 2006 | $10,201 +14.5% | $84,542 +35.5% |
| 2005 | $8,911 +2% | $62,378 |
| 2004 | $8,732 +3.7% | $62,378 |
| 2003 | $8,423 -4.8% | $62,378 +19.8% |
| 2002 | $8,846 +4.4% | $52,074 |
| 2001 | $8,472 +38.3% | $52,074 |
| 2000 | $6,126 -0.4% | $52,074 +48.8% |
| 1999 | $6,148 | $35,002 |
Find assessor info on the county website
Neighborhood: Lake View
Nearby schools
GreatSchools rating
- 8/10Nettelhorst Elementary SchoolGrades: PK-8Distance: 0.2 mi
- 3/10Lake View High SchoolGrades: 9-12Distance: 1.4 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.
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Estimated market value
$1,509,900
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
$1,509,900
- Illinois
- Cook County
- Chicago
- 60657
- Lake View
- 741 W Melrose St
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