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Listing provided courtesy of Jameson Sotheby's Intl RealtyMREDas Distributed by MLSGrid- MLS# 12667107MLS Provider

1630 W Melrose StreetChicago, IL 60657

Multi-Family · 4 Beds
$550,000 New

1630 W Melrose Street Overview

Time on Site:
4 days
Visits:
1

Rare redevelopment or investment opportunity in the heart of Lakeview. Solid brick 2-flat featuring two 2-bedroom, 1-bath apartments with long-term tenants currently on month-to-month leases. Rents are below market, offering immediate upside potential for investors or future redevelopment. Property is zoned B1-3 and is being offered exclusively as part of a package sale with the adjacent property at 3248 N. Lincoln Ave. Prime location near transportation, shopping, dining, and neighborhood amenities. Excellent opportunity to assemble a larger development site in a highly desirable Lakeview location. Sold as-is. Unfinished basement.

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1630 W Melrose Street Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: 299
  • Elementary School: Burley Elementary School
  • Middle Or Junior School: Burley Elementary School
  • High School: Lake View High School

Income/Expenses

  • Insurance Expense: 1600
  • Water Sewer Expense: 2844

Building Information

  • New Construction: No
  • Year Built: 1908

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Lake View
  • Township: Lake View

Tax Information

  • Tax Annual Amount: $11,344.33
  • Tax Year: 2024

General Information

  • New Construction: No
  • Ownership: Fee Simple
  • Parcel Number: 14194300190000
  • Property Type: Residential Income
  • Special Listing Conditions: None
  • Zoning: MULTI

Interior

Parking Information

  • Half Baths Building: 0

Beds/Baths

  • Bathrooms Total: 2
  • Bedrooms Total: 4
  • Bedrooms Possible: 4
  • Full Baths Building: 2

General Information

  • Basement: Unfinished, Full
  • Heating: Forced Air
  • Rooms Total: 8

Exterior

Parking Information

  • Parking Total: 0

Lot Information

  • Lot Features: Irregular Lot
  • Lot Size Dimensions: 25x59x29x74
  • Water Source: Lake Michigan

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 725
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 800
  • Beds Total: 2
  • Baths Total: 1

1630 W Melrose Street Neighborhood

Community

60657 (CHICAGO) Demographics

31
Median Age
23,068
Population Density (per sq. mile)
87%
College Educated
$94,722
Estimated Median Income
14,173
Estimated Total Home Owners
22,758
Estimated Total Renters
38% / 62%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1630 W Melrose Street Monthly Cost

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Jeremy Woods
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1630 W Melrose Street Market Data

Based on the last 30 days in this zip code

$983,928
Average List Price
$754
Average Price per Square Foot
101
Properties Sold
49
Average Days on Market
228
Properties for Sale
Calculations provided by Reliance Network

1630 W Melrose Street History

Date Event Value Agent
6/25/2026Source: MRED Added to Database
June 25, 2026