1442 West Melrose Street

Chicago, IL 60657

$1,849,900
Price
8
Beds
7
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Turnkey investment opportunity in fantastic Lakeview location! This is a well maintained 3 unit building with a non-conforming garden unit (rented for $2200). Well maintained building features recently updated units with central air/heat, newer kitchens and baths, dishwashers, hardwood floors and large decks. Cathedral ceilings on the 3rd floor. Each unit has its own laundry allowing for premium rents. Tenants responsible for their own utilities and the property has exterior parking available for...Turnkey investment opportunity in fantastic Lakeview location! This is a well maintained 3 unit building with a non-conforming garden unit (rented for $2200). Well maintained building features recently updated units with central air/heat, newer kitchens and baths, dishwashers, hardwood floors and large decks. Cathedral ceilings on the 3rd floor. Each unit has its own laundry allowing for premium rents. Tenants responsible for their own utilities and the property has exterior parking available for 6 cars. Opportunity to duplex 1st floor unit down to garden level to create an awesome owner's unit. Please note neither the owner nor broker make any representation of the legality of the garden unit.
  1. Listed by Barbara Allen • Metru Real Estate LLC

Property Details for 1442 West Melrose Street

Area
CHI - Lake View
Township
Lake View
Ownership
Fee Simple
Num Of Parking Spaces
6.0
Heat/Fuel
Natural Gas, Forced Air
Zoning
MULTI
LISTING UPDATED: 12/07/2024 12:07 AM

Property Details for 1442 West Melrose Street

StatusActive
MLS #12144840
Days on Market125
Taxes$27,356 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1994
Lot Size0.07 AC / 3,125 SF
CountyCook County

Building Information for 1442 West Melrose Street

Stories-Residences3Year Built1994Building Size-Lot Size0.07 AC / 3,125 SF

Property Information for 1442 West Melrose Street

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Assigned Spaces
  • Parking On Site: true
  • Parking Ownership: N/A
Property Information
Interior Features
  • Num Of Rooms: 26
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 8
  • Basement Description: Finished, None
  • # Full Baths in Building: 7
  • # Half Baths in Building: 0
  • Num of Baths: 7.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2019
  • Built Before 1978: No
  • Age: 26-30 Years
  • Lot Size: Standard Chicago Lot
  • Lot Dimensions: 25X125
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Brick, Block
  • General Information: None
  • North Coordinate: 3250
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 1442
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 20
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $128,400.00
Unit 1
  • Unit Type Actual Rent: $3,000.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 07/25
Unit 2
  • Unit Type Actual Rent: $2,700.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 07/25
Unit 3
  • Unit Type Actual Rent: $2,800.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 07/25

Property History for 1442 West Melrose Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1442 West Melrose Street

Taxable ValueLand$46,875Additions$86,125Total$133,000
Tax Record2022$27,356 ($2,280 / month)
Home Facts
Baths7.5Total Finished SqFt3,842 SqFtAbove Grade Finished SqFt3,842 SqFtStories3Lot Size3,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1994CountyCOOKAPN14-20-325-025

Schools near 1442 West Melrose Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - K to 8
Public - 9 to 12
Rating
School
Distance
Burley Elementary School
PublicK to 8

Lake View High School
Public9 to 12

Alcott College Prep
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1442 West Melrose Street is a multi-family home for sale in Chicago, IL 60657. This property was listed for sale on August 21, 2024 by Metru Real Estate LLC, it's currently listed at $1,849,900. It has been on the market for a total of 125 days and was last sold on September 30, 2016. This listing's school district is Chicago Public Schools. Nearby schools include Burley Elementary School, Lake View High School and Hawthorne Elementary Scholastic Academy. 1442 West Melrose Street is a 8-bed, 7-bath, multi-family home built in 1994.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Metru Real Estate LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 12/07/2024 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.