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Legal Two-Flat with Flex Space
For Sale
Contact for pricing
Pending

2245 W Melrose Street, Chicago, IL 60618

Legal two-flat home with a leased upper unit and finished third-floor in-law/flex rooms plus a two-car garage.

Property SizeContact for details
Days on Market74

Property Features for 2245 W Melrose Street

General Information

Standard status Pending
Property subtype Multifamily

Building Details

Year Built 1895
Listing Agency: @properties East Lincoln Park
Listed By: Leigh Marcus · License #IL
Source: Crexi
Added: Jun 10 Changed: Aug 8 Last Checked: Jul 27 at 1:36PM

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 @properties East Lincoln Park

Investment Insights

Based on property information with market context.

This legal two-flat property includes a duplex-down owner’s residence and a bright, well-maintained second-floor unit that is currently leased. The owner’s unit offers four bedrooms and three bathrooms with an open-concept kitchen and family room, a separate formal dining room, and multiple living and entertaining areas anchored by a cozy fireplace. The spacious kitchen features abundant cabinetry, granite countertops, a center island, and a walk-in pantry, along with a layout that supports casual dining or additional flexible use such as a playroom or den. Additional highlights include generous bedroom sizes with ample closet space, multiple storage areas, and a full-size in-unit washer and dryer. The second-floor unit has two bedrooms and one bathroom, plus a bonus room, with an updated kitchen including quartz countertops and an island, an updated bath, and full-size in-unit washer and dryer.

In addition to the two-flat configuration, the property includes a finished third-floor non-conforming in-law/flex space with three rooms and separate front and rear access. This space includes a refrigerator only (no other kitchen appliances). The home also offers a rear deck, a large private backyard, and a two-car detached garage.

From an occupancy and flexibility standpoint, the setup supports an owner-occupant scenario where the second-floor unit remains leased, while the finished third-floor rooms can function as extended living or workspace. It may also appeal to buyers evaluating options for future reconfiguration, with buyers encouraged to conduct their own due diligence regarding permitted uses.

Key Highlights

  • Legal two‑flat in Roscoe Village built in 1895, plus finished third‑floor non‑conforming in‑law/flex space
  • Owner duplex‑down features 4 bedrooms and 3 bathrooms with open‑concept kitchen and family room, plus formal dining and fireplace
  • Second‑floor unit has 2 bedrooms and 1 bathroom, includes a bonus room, and is currently leased for immediate rental income

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Law Firm Butcher Bed & Breakfast Nursing Home Restaurant

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

Location Intelligence

Trade Area within ½ mile

2,208
Businesses Nearby

Demographics for 60618, IL

90,316
Population
41,053
Households
2.2
Avg Household Size
35
Median Age
55%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
18,063
Density / Sq Mi
$101,558
Median Household Income
$60,263
Median Earnings
$1,534
Median Rent
$538,300
Median Home Value

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 - Legal two-flat home with a leased upper unit and finished third-floor in-law/flex rooms plus a two-car garage.
Where is this duplex located?
The property is located at 2245 W Melrose Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Legal two‑flat in Roscoe Village built in 1895, plus finished third‑floor non‑conforming in‑law/flex space; Owner duplex‑down features 4 bedrooms and 3 bathrooms with open‑concept kitchen and family room, plus formal dining and fireplace; Second‑floor unit has 2 bedrooms and 1 bathroom, includes a bonus room, and is currently leased for immediate rental income
More about this property
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