$550,000
1630 W Melrose Street
Chicago, IL, 60657
Rare redevelopment or investment opportunity in the heart of Lakeview. Solid brick 2-flat featuring two 2-bedroom, 1-bath apartments with long-term tenants currently on month-to-month leases. Rents are below market, offering immediate upside potential for investors or future redevelopment. Property is zoned B1-3 and is being offered exclusively as part of a package sale with the adjacent property at 3248 N. Lincoln Ave. Prime location near transportation, shopping, dining, and neighborhood amenities. Excellent opportunity to assemble a larger development site in a highly desirable Lakeview location. Sold as-is. Unfinished basement.
Property Details
Price:
$550,000
MLS #:
MRD12667107
Status:
Active
Beds:
4
Baths:
2
Type:
Multi Family
Neighborhood:
chilakeview
Listed Date:
Jun 25, 2026
Year Built:
1908
Schools
School District:
299
Elementary School:
Burley Elementary School
Middle School:
Burley Elementary School
High School:
Lake View High School
Interior
Heating
Forced Air
Exterior
Construction Materials
Brick
Lot Features
Irregular Lot
Financial
Tax Year
2024
Taxes
$11,344
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
More About DebraMortgage Calculator
Map
Current real estate data for Multi Family in Chicago as of Aug 25, 2026
1,418
Multi Family Listed
83
Avg DOM
$529,872
Avg List Price
Community
- Address1630 W Melrose Street Chicago IL
- CityChicago
- CountyCook
- Zip Code60657
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Property Summary
- 1630 W Melrose Street Chicago IL is a Multi Family for sale in Chicago, IL, 60657. It is listed for $550,000 To schedule a showing of MLS#mrd12667107 at 1630 W Melrose Street in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
Copyright 2026. All rights reserved.
1630 W Melrose Street
Chicago, IL
