NOT LISTED FOR SALE

1326 W Melrose St Chicago, IL 60657

Lakeview Neighborhood
6 Beds
4 Baths
-- Sq Ft
1889 Built

Last Sold September 03, 2024

Last sale price $1,160,000

30 Days on Market

Highlights

  • Deck
  • 5-minute walk to Southport Station
  • Fenced Yard
  • Augustus H. Burley Elementary School Rated A-
  • Traditional Architecture
  • 3-minute walk to Margaret Donahue Park

About This Home

As of September 2024

Looking for that perfect property in the perfect neighborhood? This Lakeview two-unit is it! This fabulous duplex has everything you need with tons of space and light. Both units feature formal living rooms, formal dining rooms, large eat-in kitchens with islands and dinette areas, with three bedrooms plus two baths each. The first floor is duplexed down and the second floor is duplexed up. Each unit has an in-unit washer and dryer. Main bedrooms have private baths with soaker tubs and huge walk-in closets. Hardwood floors and tons of storage space in each unit. First floor unit has large rear deck, second floor unit has two decks. The cute rear yard is fully fenced and leads to a 2 car detached garage with alley access. Fabulous Southport area with easy access to transportation, restaurants, shopping, entertainment & more! Most mechanicals in both units have been replaced within 10 years. Most appliances have been replaced within the last five years. Homestead exemption for unit 2 only. Easy to lease units. Unit 1 photos are prior to tenants moving in. 2nd Floor unit is owner-occupied and will be vacated at closing. The floor plan provided is for Unit 2. Unit 1 is almost identical with the exception of the second bedroom has a walk-in closet and separate laundry/hvac room where Unit 2, Bedroom 2 does not have a closet but is large enough to have one added. The current closet in Unit 2, Bedroom 2 is used for laundry and mechanicals.

Last Agent to Sell the Property

Judy Panozzo

Real People Realty License #471005536 Listed on: 06/20/2024

Real People Realty

Last Buyer's Agent

Brian Moon

Keller Williams ONEChicago License #475135466

Keller Williams ONEChicago

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,102

Year Built

  • Built in 1889

Lot Details

  • Lot Dimensions are 25x125
  • Fenced Yard

Parking

  • 2 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Traditional Architecture
  • Flat Roof Shape
  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms
  • Dual Sinks
  • Soaking Tub

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Lake Michigan Water
  • Multiple Water Heaters
  • Gas Water Heater

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 2 Units
  • Southport Corridor Subdivision, Two Unit Floorplan

Building Details

  • Insurance Expense $5,600
  • Water Sewer Expense $1,320
  • Gross Income $86,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,102

Year Built

Built in 1889

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Subdivision Name: Southport Corridor
  • Year Built: 1889
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Other Equipment: CO Detectors, Ceiling Fan(s), Multiple Water Heaters, Water Heater-Gas
  • Basement Description: Finished
  • Bathroom Amenities: Double Sink,Soaking Tub
  • Below Grade Bedrooms: 0

Exterior Features

  • ExteriorFeatures: Deck
  • Foundation Details: Concrete Perimeter
  • Lot Features: Fenced Yard
  • Roof: Asphalt, Flat
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Indv Controls
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Conversion YN: N

Fee Information

  • Water Sewer Expenses: 1320

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 17
  • Is Parking Included in Price: Yes

Multi Family

  • Insurance Expense: 5600
  • GrossIncome: 86400
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 9102
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2024 09/03/24 Sold $1,160,000 -3.3% --
07/21/2024 07/21/24 Pending -- -- --
06/20/2024 06/20/24 For Sale $1,200,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Judy Panozzo

    Seller's Agent in 2024

    Judy Panozzo

    Real People Realty

    (708) 955-5615

    2 in this area

    77 Total Sales

    Judy Panozzo
    Section Image
  • Brian Moon

    Buyer's Agent in 2024

    Brian Moon

    Keller Williams ONEChicago

    (847) 372-2510

    7 in this area

    258 Total Sales

    Brian Moon
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12085820

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60657 Lakeview

1326 W Melrose St, Chicago, IL

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