Turnkey 3-Unit Residential
For Sale
$1,750,000
Pending
1442 W Melrose Street Chicago, Chicago, IL 60657
Well-maintained three-unit building with in-unit laundry, central air/heat, and exterior parking for six cars.
Property SizeContact for details
Days on Market36
Property Features for 1442 W Melrose Street Chicago
General Information
Standard status
Pending
Total Parking Spaces
6
Property subtype
Two to Four Units
Zoning
MULTI
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$27,356
Amenities
central air/heat
newer kitchens and baths
dishwashers
hardwood floors
outdoor decks
cathedral ceilings
in-unit laundry
Finished,Exterior Entry,Egress Window,Full
7
6
3
Lake Michigan,Public
(312) 640-7030
25X125
No
Assigned,Yes,Other
Building Details
Year Built
1994
Listing Agency:
Metru Real Estate LLC
(847) 558-6808
Listed By:
Krystel Gonzalez · License #471003777
(847) 558-6808
Source:
Remaxadream
Added: Jul 20
Changed: Aug 23
Last Checked: Jul 24 at 1:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Metru Real Estate LLC
Investment Insights
Based on property information with market context.
Well-maintained three-unit residential income property with a non-conforming garden unit. The building offers recently updated units, including central air/heat, newer kitchens and baths, dishwashers, and hardwood floors, along with outdoor decks. Cathedral ceilings are present on the third floor. Each unit has its own laundry.
Tenants are responsible for their own utilities, and the property includes exterior parking for up to six cars. The seller notes the first-floor unit may be duplexed down to the garden level to create an owner’s unit; however, neither the owner nor broker makes any representation regarding the legality of the garden unit.
This is presented as a turnkey investment, with the units configured as three separate residences and on-site outdoor space and parking to support day-to-day tenant use.
Tenants are responsible for their own utilities, and the property includes exterior parking for up to six cars. The seller notes the first-floor unit may be duplexed down to the garden level to create an owner’s unit; however, neither the owner nor broker makes any representation regarding the legality of the garden unit.
This is presented as a turnkey investment, with the units configured as three separate residences and on-site outdoor space and parking to support day-to-day tenant use.
Key Highlights
- Well‑maintained 3‑unit building built in 1994 with a non‑conforming garden unit
- Each unit has its own laundry and tenants pay their own utilities
- Units feature central air/heat, newer kitchens and baths, dishwashers, and hardwood floors
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,392
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained three-unit building with in-unit laundry, central air/heat, and exterior parking for six cars.
Where is this triplex located?
The property is located at 1442 W Melrose Street Chicago Chicago, IL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Well‑maintained 3‑unit building built in 1994 with a non‑conforming garden unit; Each unit has its own laundry and tenants pay their own utilities; Units feature central air/heat, newer kitchens and baths, dishwashers, and hardwood floors
