NOT LISTED FOR SALE

4051 W Melrose St Chicago, IL 60641

Irving Park Neighborhood
12 Beds
4 Baths
-- Sq Ft
4,356 Sq Ft Lot

Last Sold November 05, 2020

Last sale price $850,401

24 Days on Market

Highlights

  • Balcony
  • 3 Car Detached Garage
  • Forced Air Heating System

About This Home

As of November 2020

INCREDIBLE INVESTMENT OPPORTUNITY! Legal 3 flat with non-conforming garden unit. Wide lot 35 x 125. Almost an 8 Cap and rents only go up from here! Everything is renovated! Please see list below. Brick building on tree lined street close to Logan Square and Avondale. Beautiful renovations done in 2017-19 with modern finishes which makes these units so desirable to renters. Some amazing features include INCREDIBLY spacious bedrooms with bonus den/office on the top 3 units, high ceilings, hardwood floors throughout, tons of light and fireplaces in the top 3 units. All kitchens have stainless steel appliances, modern cabinetry and granite counters. 3 car garage! Seller kept garden unit open in case buyer wants to live in it or AirBNB it. Buyer can living in one and have the others pay the mortgage. Seller can also rent out the garden unit if buyer wishes. Walk to great restaurants, nightlife, grocery stores, gyms and public transportation. Just blocks from the great restaurants in Logan and Avondale and all the action on Milwaukee Ave! You definitely want to add this to your investment portfolio.

Last Agent to Sell the Property

Rubina Bokhari

Compass License #475141001 Listed on: 07/29/2020

Compass

Co-Listed By

Ramsey Al-Abed

Jameson Sotheby's Intl Realty License #475169260

Last Buyer's Agent

Guido Piunti

@properties Christie's International Real Estate License #475166002

@properties Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,839

Year Renovated

  • 2019

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 35 x 125

Parking

  • 3 Car Detached Garage
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Tri-Level Property
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Potential Bedrooms
  • 4 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Additional Features

  • Basement Fills Entire Space Under The House
  • Balcony

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,839

Year Renovated

2019

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Tri-Level
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2019
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2019

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 12
  • Other Equipment: TV-Cable, CO Detectors
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Hardwood Floors,Cooktop,Oven/Built-in
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Hardwood Floors,Cooktop,Oven/Built-in
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Hardwood Floors,Cooktop,Oven/Built-in
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Cooktop,Oven/Built-in
  • Room: 6

Exterior Features

  • ExteriorFeatures: Balcony
  • Foundation Details: Concrete Perimeter
  • List Price: 899000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Size Acres: 0.1
  • Lot Dimensions: 35 X 125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas,Heat

Tax Info

  • Tax Annual Amount: 9838.87
  • Tax Year: 2019
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Range of Values:

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Sold Price
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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 Prior Sale
11/05/2020 11/05/20 Sold $850,401 -5.4% --
08/22/2020 08/22/20 Pending -- -- --
07/29/2020 07/29/20 Price Changed $899,000 +9.0% --
07/29/2020 07/29/20 For Sale $825,000 +87.5% --
11/09/2015 11/09/15 Sold $440,000 +0.2% -- View Prior Sale
09/21/2015 09/21/15 Pending -- -- --
09/10/2015 09/10/15 For Sale $439,000 +14.0% --
02/21/2014 02/21/14 Sold $385,000 -3.7% -- View Prior Sale
02/12/2014 02/12/14 Pending -- -- --
12/03/2013 12/03/13 Price Changed $399,999 0.0% --
07/08/2013 07/08/13 Price Changed $400,000 -5.9% --
04/10/2013 04/10/13 For Sale $425,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rubina Bokhari

    Seller's Agent in 2020

    Rubina Bokhari

    Compass

    (847) 691-5055

    2 in this area

    172 Total Sales

    Rubina Bokhari
    Section Image
  • Ramsey Al-Abed

    Seller Co-Listing Agent in 2020

    Ramsey Al-Abed

    Jameson Sotheby's Intl Realty

    (773) 383-3649

    3 in this area

    62 Total Sales

    Ramsey Al-Abed
    Section Image
  • Guido Piunti

    Buyer's Agent in 2020

    Guido Piunti

    @ Properties

    (312) 983-2630

    2 in this area

    180 Total Sales

    Guido Piunti
    Section Image

  • T

    Seller's Agent in 2015

    Taylor Sullivan

    Compass

  • S

    Seller's Agent in 2014

    Susan Vitello

    VSD Real Estate LTD

  • J

    Buyer's Agent in 2014

    Jay Koverman

    Phoenix Realty & Investment

    1 in this area

    27 Total Sales

    Jay Koverman
    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10798875

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60641 Irving Park

4051 W Melrose St, Chicago, IL

This home is located at 4051 W Melrose St, Chicago, IL 60641 since 29 July 2020. 4051 W Melrose St is a home located in Cook County with nearby schools including Garcia Lorca Elementary School, Schurz High School, and ASPIRA Early College High School.

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