Search
1442 West Melrose Street, Chicago, IL, 60657
Turnkey 3-Unit Residential Income

1442 West Melrose Street Chicago, IL 60657

For Sale
$1,750,000
Pending

Well-maintained three-unit building with in-unit laundry, central air/heat, and exterior parking for six cars.

Days on Market59

Property Features for 1442 West Melrose Street

General Information

Standard status
Pending
Property subtype
Two to Four Units / 3 Flat

Building Details

Year Built
1994
Listing Agency: Metru Real Estate LLC
Listed By: Barbara Allen · License #471003777
Source: Compass
Added: May 27 Changed: Jul 21 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.

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

Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Food Market (Bike/Boat/Book/etc) Store Grocery & Convenience Store Auto Parts Store Nursing Home Barber Shop Electrical Service Home Appliance Store HVAC Service (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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 West Melrose Street 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
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message