Chicago, IL 60657,1518 W Melrose Street
$650,000
$885,000
26.6%
Est.Price: ?

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11 BD

1518 W Melrose Street Chicago, IL 60657

Est. payment /mo
SOLD DATE : 03/14/2023

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Key Details

Sold Price $650,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 11614017

Sold Date 03/14/23

Bedrooms 11

Annual Tax Amount $16,225

Tax Year 2020

Lot Dimensions 25X125

Property Sub-Type Two to Four Units

Property Description

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.

Location

State IL

County Cook

Zoning MULTI

Rooms

Basement Full

Interior

Heating Steam, Radiator(s)

Fireplace N

Exterior

View Y/N true

Building

Sewer Public Sewer

Water Lake Michigan, Public

New Construction false

Schools

School District 299, 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

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Listed by Mike Checuga • RE/MAX NEXT
Bought with Christopher Dewilde • Real Broker LLC

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