1630 W Melrose St Chicago, IL 60657
Southport Corridor NeighborhoodEstimated payment $3,963/month
About This Home
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.
Listing Agent
Jameson Sotheby's Intl Realty Brokerage Phone: (312) 399-9841 License #475131063 Listed on: 06/25/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,344
Year Built
- Built in 1908
Lot Details
- Lot Dimensions are 25x59x29x74
- Irregular Lot
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 2 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
Schools
- Burley Elementary School
- Lake View High School
Utilities
- Forced Air Heating System
- Lake Michigan Water
Community Details
Overview
- 2 Units
Building Details
- Insurance Expense $1,600
- Water Sewer Expense $2,844
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,200 | $55,000 | $27,125 | $27,875 |
| 2024 | $10,200 | $55,000 | $27,125 | $27,875 |
| 2023 | $9,938 | $47,000 | $21,875 | $25,125 |
| 2022 | $9,938 | $47,000 | $21,875 | $25,125 |
| 2021 | $9,710 | $47,000 | $21,875 | $25,125 |
| 2020 | $8,667 | $37,882 | $9,800 | $28,082 |
| 2019 | $8,699 | $42,092 | $9,800 | $32,292 |
| 2018 | $8,552 | $42,092 | $9,800 | $32,292 |
| 2017 | $8,239 | $37,178 | $8,750 | $28,428 |
| 2016 | $7,678 | $37,178 | $8,750 | $28,428 |
| 2015 | $7,039 | $37,178 | $8,750 | $28,428 |
| 2014 | $5,683 | $29,568 | $7,000 | $22,568 |
| 2013 | $5,574 | $29,568 | $7,000 | $22,568 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/25/2026 06/25/26 | For Sale | $550,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12667107
APN: 14194300190000
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
- 3323 N Paulina St Unit 3f
- 3325 N Lincoln Ave Unit 302
- 1711 W Belmont Ave
- 3151 N Lincoln Ave Unit 514
- 1742 W School St
- 1502 W School St Unit 1
- 1502 W School St Unit 2
- 3216 N Ravenswood Ave Unit 1N
- 1751 W Roscoe St Unit 1S
- 1815 W School St
- 1442 W Melrose St
- 3431 N Paulina St
- 3434 N Marshfield Ave
- 1628 W Nelson St
- 3439 N Paulina St
- 1743 W Newport Ave
- 1442 W Fletcher St
- 1836 W Belmont Ave Unit 4
- 1443 W Roscoe St Unit 1
- 1443 W Roscoe St Unit PH
- 1645 W School St Unit 307
- 3323 N Paulina St Unit 4B
- 1613 W Belmont Ave Unit 2R
- 3323 N Paulina St Unit 4B
- 3345 N Marshfield Ave Unit 302
- 3345 N Marshfield Ave Unit 409
- 1541 W Roscoe St Unit 2
- 3246 N Ravenswood Ave Unit 2
- 1722 W Roscoe St Unit 507
- 3420 N Paulina St Unit 2W
- 3422 N Lincoln Ave Unit EROTS
- 3426 N Lincoln Ave Unit 1
- 3426 N Lincoln Ave Unit 2
- 3426 N Lincoln Ave Unit 3
- 1831 W Melrose St Unit GARDEN
- 1448 W Fletcher St Unit 1R
- 1448 W Fletcher St Unit CH1
- 1747 W Newport Ave Unit 3
- 3110 N Greenview Ave Unit 4E
- 1511 W Barry Ave Unit 2
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