Property profile

741 Melrose St Chicago, IL 60657

OFF-MARKET
Residential income homes
Property ID
US28-1415378
2,851 SF 0.08 ac lot Built 1885
Trust Owned 7-yr Hold Free & Clear
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Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1885
Construction FRAME
Total area 2,851 SF
Lot 0.08 ac (3,675 SF)
APN 14-21-313-007
UPID US28-1415378

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

741 Melrose St Chicago, IL 60657-3417
Chicago metro Census 62000 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$730k
Comparable Approach Comparable
$624k
Blend (final) Blend
$760k

Owner & transaction history

since 2018
1 recorded transaction
2018
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.2M +13.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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