4135 W Melrose Street Chicago, IL 60641

Building Details

Year Built

1920

Listing office Compass

Listing date Jul 6, 2026

Source Crexi

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 Compass

Report an issue

---

Investment Insights

Based on property information with market context.

A full red-brick multifamily duplex on a wider lot with modernized interiors following a complete rehab in 2014. Improvements listed include new windows and roof, updated kitchens and baths, some plumbing and electrical, and complete basement rehab. Each 2-bed unit includes a formal dining room and spacious living areas with hardwood floors, and the first-floor living area features a decorative fireplace. The property also includes a dedicated laundry room with a washer and dryer located at the back of the first-floor unit by indoor stairs. Outdoor space includes access to a common garden and outdoor area.

The home offers forced-air gas heat and includes a full basement with additional 3-bedroom and full-bath space. There is also access to outdoor back parking, with room to build a new 2-car garage. Parking on Melrose is described as permit-only 24/7, and Melrose is a one-way street.

The owner would like the building conveyed as-is. The property is described as qualifying for ADU certification to generate additional income.

Key Highlights

• Brick multi‑family home built in 1920, rehabbed in 2014 with new windows, roof, kitchens, baths, plus some plumbing and electrical
• Two 2‑bed units, each with a separate formal dining room and spacious living areas
• Finished garden unit and additional full basement living space with a 3‑bedroom and full bath

Property Analytics

Location Intelligence

Similar For Sale Nearby

• 

  $949,000

  4,055 SF

  Turnkey Restaurant Venue with PPA License

  Fully renovated restaurant with licenses and VGT potential in Chicago.

  7455 W Irving Park Road, Chicago, IL 60634

  View Details
• 

  $949,000

  4,055 SF

  Turnkey Restaurant Venue with PPA License

  Fully renovated restaurant with licenses and uncommitted VGT potential.

  7455 W Irving Park Road, Chicago, IL 60634

  View Details
• 

  $949,000

  4,055 SF

  Turnkey Restaurant Venue with Licenses

  Fully renovated restaurant with licenses and residential unit for sale.

  7455 W Irving Park Road, Chicago, IL 60634

  View Details
• 

  $949,000

  4,055 SF

  Corner Development Site in Chicago

  High-visibility corner lot with development potential in Belmont Heights/Dunning.

  7455 W Irving Park Road, Chicago, IL 60634

  View Details
• 

  $649,000

  2,176 SF

  Turnkey Restaurant Opportunity in Chicago

  Below-market lease in East Lakeview, fully equipped restaurant with assets.

  420 W Belmont Avenue, Chicago, IL 60657

  View Details
• 

  $759,000

  5,000 SF

  Prime Retail Space in Chicago

  Commercial property in a high-traffic retail district.

  4411 N Kedzie Avenue, Chicago, IL 60625

  View Details
• 

  $1,295,000

  9,744 SF

  Chicago Office Building with Parking

  Two-story office building in Chicago's Clearing neighborhood.

  6350 W 63rd Street, Chicago, IL 60638

  View Details
• 

  $799,000

  5,000 SF

  Mixed-Use Building in Irving Park

  Meticulously maintained mixed-use building with income potential and redevelopment flexibility.

  4369 N Elston Avenue, Chicago, IL 60641

  View Details
• 

  $1,700,000

  Convenience Store Retail Building with Parking

  Turnkey convenience store in brick masonry with outdoor parking, surveillance, workstations, and restrooms—ready for immediate operation.

  5132 S Racine Avenue, Chicago, IL 60609

  View Details
• 

  $524,900

  2,200 SF

  Work-Live Mixed-Use Building

  Three-unit property combines divisible office space with a residential unit, supporting work-from-home occupancy and tenant flexibility.

  2815 N Kimball Avenue, Chicago, IL 60618

  View Details
• 

  $459,000

  3,000 SF

  Chicago Commercial Buildings For Sale

  Three commercial buildings in a busy Chicago neighborhood retail location.

  1753-1759 W 79th Street, Chicago, IL 60620

  View Details
• 

  $549,900

  2,806 SF

  Wicker Park Corner Retail Building

  2,806 SF retail building in prime Wicker Park location.

  2357 W North Avenue, Chicago, IL 60647

  View Details

FAQs

What type of property is this?

Duplex - Rehabbed in 2014 and includes two 2-bed units plus a finished garden unit and full basement with added living space.

Where is this duplex located?

The property is located at 4135 W Melrose Street Chicago, IL.

What is the asking price?

The asking price for this property is $560,000.

What are key features of this property?

This property features: Brick multi‑family home built in 1920, rehabbed in 2014 with new windows, roof, kitchens, baths, plus some plumbing and electrical; Two 2‑bed units, each with a separate formal dining room and spacious living areas; Finished garden unit and additional full basement living space with a 3‑bedroom and full bath