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Brick Duplex with Basement
For Sale
$550,000

1630 W Melrose Street, Chicago, IL 60657

Residential Income, Chicago, IL

Property SizeContact for details
Days on Market93

Property Features for 1630 W Melrose Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Basement, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2
Basement Unfinished, Full
Lot features Irregular Lot
Elementary school Burley Elementary School
Middle school Burley Elementary School
High school Lake View High School
Elementary school district 299
Middle school district 299
High school district 299
Directions Lincoln Ave (north or south) to Melrose St west to the building (Melrose is one-way)
Subdivision CHI - Lake View
Standard status Active
APN 14194300190000

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 11344

Utilities

Sewer type Public Sewer
Heating system Forced Air

Building Details

Year built 1908
Building materials Brick
Listing Agency: Jameson Sotheby's Intl Realty
Listed By: Robert Munds · License #475131063
Added: Jun 25 Changed: Sep 12 Last Checked: Sep 25 at 8:06AM
MLS# 12667107

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This Chicago duplex is a brick-built two-flat containing two 2-bedroom, 1-bath apartments. Both units have long-term tenants on month-to-month leases, and the property includes an unfinished basement, forced-air heating, and a public sewer connection. The building dates to 1908 and is offered in its current as-is condition.

The property is located in Lakeview at 1630 W Melrose Street and is being offered as part of a package sale with the adjacent property at 3248 N. Lincoln Ave. The package structure provides a combined offering across the two adjoining properties. Existing residential occupancy and the two-unit layout provide a clear operating configuration for the next owner.

Key Highlights

  • Two 2‑bedroom, 1‑bath apartments
  • Brick two‑flat built in 1908
  • Long‑term tenants on month‑to‑month leases

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Food Market (Bike/Boat/Book/etc) Store Grocery & Convenience Store Nursing Home Butcher Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

4,158
Businesses Nearby

Demographics for 60657, IL

72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two occupied apartments are leased month to month and include forced-air heating.
Where is this duplex located?
The property is located at 1630 W Melrose Street Chicago, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath apartments; Brick two‑flat built in 1908; Long‑term tenants on month‑to‑month leases
More about this property
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