Sold
1518 W Melrose Street
Chicago IL, 60657
$650,000
Sold
11 Beds
6 Baths
Residential
Courtesy of RE/MAX NEXT
Attention investors and owner occupants looking for instant equity or some additional income in HOT Lake View! Here is your unique opportunity to own this legal 3-unit property on quiet residential street. Property consists of two units in 2-flat in front with unfinished basement and another unit in coach house in back with separate utility accounts. Only top floor unit at front house is vacant; all the other units are tenant occupied. At front house, first floor unit is large 2BD/1BA, combined living/dining room, and kitchen with appliances. House hack by living in second vacant floor unit that is 3BD/1 BA, living room, dining room, and kitchen with appliances & walk-in pantry as an owner occupant- also perfect for secondary vacation property or investment property! Both 2-flat units each have enclosed rear porch for additional storage. Unfinished basement, full of potential, has coin operated laundry room, endless storage, and private side entrance on ground level. Coach house: 3BD/3BA, two living/dining spaces, two kitchen spaces, laundry/utility room, loft space, and ample storage space throughout. Front house and rear house share outdoor patio. Burley School District. Total walker's paradise - Whole Foods (0.1 mile), Target Grocery (0.2 mile) & Whole Foods (0.4 mile) & Trade Joe's (0.9mile), CTA Brown Line: Paulina Station (0.4 mile) & Southport (0.4 mile), CTA Bus - #77: Belmont (0.1 mile) & #9: Ashland: (0.2 mile) and countless neighborhood shops, cafes, restaurants, and nightlife options! Being sold AS-IS. Please view virtual tour before setting up a showing.
11614017
MLSⓇ ID
August 25, 2022
Listed
March 28, 2024
Updated
Map
1518 W Melrose Street
Chicago IL, 60657
Interior Features
Bedrooms
11 Beds
Bathrooms
6 Baths
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Steam, Radiator(s)
Exterior/Building Features
Sewer
Public Sewer
School Information
School District
299
Other Property Details
Area Name
CHI - Lake View
Taxes
$16,226
Tax Frequency
Annually
Days on Market
139
Garage
No
Parking Total
0
View
No
County
Cook
Water Source
Lake Michigan, Public
Pool
No
Zoning
MULTI
Buyer Agency Compensation
2.5%-395
Courtesy of RE/MAX NEXT, Mike Checuga,
Listing Contact: 773-895-7243
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Data last updated 4:19 AM UTC, 3/28/2024