Search
Rehabbed Brick Duplex with Basement
For Sale
$560,000
Pending

4135 West Melrose Street, Chicago, IL 60641

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

Property SizeContact for details
Days on Market48

Property Features for 4135 West Melrose Street

General Information

Standard status Pending
Total Parking Spaces 2
Property subtype Two to Four Units / 2 Flat
Zoning MULTI

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $8,893

Building Details

Year Built 1920
Year Renovated 2014
Tenancy Multi
Listing Agency: Compass
Listed By: Susanna Cherubin-Delisi · License #471012580
Source: Compass
Added: Jul 8 Changed: Aug 24 Last Checked: Jul 24 at 6:12PM

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

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

Current Use

Duplexes

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Law Firm Catering Service Bed & Breakfast Skin Care Clinic

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

Lease Details

Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,596
Businesses Nearby

Demographics for 60641, IL

69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

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 West 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
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