Multi-Unit Income Property with Coach
For Sale
$659,000
Pending
2205 North Melvina Avenue, Chicago, IL 60639
Well-maintained multi-unit building plus coach house, with all units offering living and dining room space.
Property SizeContact for details
Days on Market86
Property Features for 2205 North Melvina Avenue
General Information
Standard status
Pending
Property subtype
Two to Four Units / 3 Flat
Taxes and HOA fees
Annual Taxes
$7,818
Building Details
Year Built
1925
Listing Agency:
Better Homes & Gardens Real Estate
Listed By:
Maria Miller · License #475114458
(708) 945-3215
Source:
Compass
Added: Jun 16
Changed: Aug 11
Last Checked: Aug 10 at 9:25AM
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 Better Homes & Gardens Real Estate
Investment Insights
Based on property information with market context.
This well-maintained multi-unit income property includes a three-unit main building plus a coach house with an additional apartment. The main building features two two-bedroom units and one three-bedroom unit, with one two-bedroom unit having 1 bath and the other having 2 baths, and the three-bedroom unit offering 1 bath along with a rear porch area. Each unit includes a living room and dining room. The coach house apartment offers three bedrooms and 1 bath. A finished basement provides additional usable space.
The property is fully leased with long-time tenants on month-to-month leases. Current rents are described as below market in the offering materials.
Overall, the configuration provides a mix of two- and three-bedroom units across the main building and coach house, supported by interior living and dining layouts in each unit.
The property is fully leased with long-time tenants on month-to-month leases. Current rents are described as below market in the offering materials.
Overall, the configuration provides a mix of two- and three-bedroom units across the main building and coach house, supported by interior living and dining layouts in each unit.
Key Highlights
- Year built 1925 well‑maintained multi‑unit property with 3‑unit main building plus a coach house
- Main building includes two 2‑bedroom units (one 1 bath, one 2 baths) and a spacious 3‑bedroom, 1‑bath unit
- Coach house has 3 bedrooms and 1 bath
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
884
Businesses Nearby
Explore this area
Business Placement
Demographics for 60639, IL
89,543
Population
28,656
Households
3.1
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
5.0 sq mi
ZIP Area
17,909
Density / Sq Mi
$59,710
Median Household Income
$34,846
Median Earnings
$1,212
Median Rent
$289,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained multi-unit building plus coach house, with all units offering living and dining room space.
Where is this quadplex located?
The property is located at 2205 North Melvina Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: Year built 1925 well‑maintained multi‑unit property with 3‑unit main building plus a coach house; Main building includes two 2‑bedroom units (one 1 bath, one 2 baths) and a spacious 3‑bedroom, 1‑bath unit; Coach house has 3 bedrooms and 1 bath
