2724 N Melvina Avenue
Chicago, IL, 60639
$449,900
8 Beds
4 Baths
0 SqFt
0 Acres
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$449,900
2724 N Melvina Avenue
Chicago, IL, 60639
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Spacious and versatile multi-unit property located on extra wide city lot in the desirable Belmont Cragin neighborhood, offering an excellent opportunity for owner-occupants or investors. The first units feature 2 bedrooms / 1 full bath and 1 bedroom / 1 full bath, with ample living areas and functional layouts. The second floor unit offers 3 bedrooms and 1 full bath, providing generous living space and flexibility. The third floor offers 2 bedrooms and 1 full bath with bright and spacious open floor plan. Detached 2.5 car garage with space for potential parking next to garage. This property presents a unique opportunity to live in one unit while generating rental income from the others, or to operate as a long-term investment in a strong rental area (current rents are under market and need adjustment). Conveniently located near public transportation / walk to Metra and buses, Target store, Starbucks, parks, schools, grocery store, shopping, and neighborhood amenities. Shows well and offers excellent long-term potential in a central Chicago location. Two tenants have occupied long term (28+ years). Seller prefers to sell in “as is” condition.

Property Details

Price:
$449,900
MLS #:
MRD12591453
Status:
Active
Beds:
8
Baths:
4
Type:
Multi Family
Neighborhood:
chibelmontcragin
Listed Date:
Mar 13, 2026
American 4-sq.PoolTennisChi – Belmont CraginChibelmontcragin

Schools

School District:
299

Interior

Heating
Natural Gas, Radiator(s)

Exterior

Architectural Style
American 4-Sq.
Community Features
Park, Pool, Tennis Court(s), Sidewalks, Street Lights
Construction Materials
Aluminum Siding, Brick, Frame
Parking Features
Garage Door Opener, Yes, Garage Owned, Detached, Garage
Parking Spots
25
Roof
Asphalt

Financial

Net Operating Income
$27,897
Tax Year
2024
Taxes
$8,580
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Multi Family in Chicago as of Mar 15, 2026
1,259
Multi Family Listed
84
Avg DOM
$492,655
Avg List Price

Community

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Property Summary

    2724 N Melvina Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60639. It is listed for $449,900 To schedule a showing of MLS#mrd12591453 at 2724 N Melvina Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
2724 N Melvina Avenue
Chicago, IL