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Multifamily Property with Detached Garage

2724 N Melvina Avenue, Chicago, IL 60639

For Sale
$460,000

Multi-unit building with varied bedroom layouts, a detached garage, and access to transit and neighborhood services.

Property SizeContact for details
Days on Market59

Property Features for 2724 N Melvina Avenue

General Information

Standard status Active
Property subtype Multi-Family

Site & Location

Neighborhood Belmont Central
Public Transit Yes

Units

Unit Mix 2 x 2BR/1BA, 1 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units 4

Amenities

Natural Gas
Radiator(s)
Asphalt
Listing Agency: Circle One Realty
Listed By: Ryan Cherney · License #471019427
Source: Kw
Added: Sep 10 Changed: Oct 25 Last Checked: Nov 6 at 12:36PM

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 Circle One Realty

Rey
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Investment Insights

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This multifamily property includes four residential units with a varied configuration: two units offer 2 bedrooms and 1 full bath, one has 1 bedroom and 1 full bath, and the remaining units provide 3 bedrooms and 1 full bath and 2 bedrooms and 1 full bath. Living areas are described as spacious, with functional layouts and an open-plan arrangement on the third floor. Natural gas, radiator heating, asphalt exterior surfaces, and a detached 2.5-car garage are included.

The property occupies an extra-wide city lot at 2724 N Melvina Avenue in Chicago’s Belmont Cragin neighborhood. Public transportation, Metra and bus service, Target, Starbucks, parks, schools, grocery shopping, and other neighborhood amenities are nearby. Two tenants have remained in place for more than 28 years. The seller prefers an as-is sale.

Key Highlights

  • Four residential units with 1-, 2-, and 3‑bedroom layouts
  • Detached 2.5 car garage with additional parking space next to the garage
  • Extra‑wide city lot at 2724 N Melvina Avenue, Chicago, IL 60639

Property Analytics

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Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

899
Businesses Nearby

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
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Market

Properties on Market for Multifamily properties in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Multi-unit building with varied bedroom layouts, a detached garage, and access to transit and neighborhood services.
Where is this multifamily property located?
The property is located at 2724 N Melvina Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Four residential units with 1-, 2-, and 3‑bedroom layouts; Detached 2.5 car garage with additional parking space next to the garage; Extra‑wide city lot at 2724 N Melvina Avenue, Chicago, IL 60639
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