5522 W Melrose Street, Chicago, IL
$ 422,500
Property Attributes
  • MLS#11372999
  • TypeMulti-Family
  • CountyCOOK
  • CityChicago
  • Zip60641
  • Style
  • Price$ 422,500
  • Bedrooms5
  • Full Bathrooms3
  • Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Amazing LEGAL 3-FLAT investment opportunity in Portage Park! Unit #1 has 3 bedrooms and 1 full bathroom with beautiful hardwood flooring throughout, large kitchen and dining space combined with living room, enclosed rear deck. Unit #2 has 1 very large bedroom, 1 full bath, large formal living area with room for dining space and 1 flex room at the back perfect for a den or home office. Garden unit has 1 bedroom, 1 full bathroom, eat-in kitchen, and nice size living room. All units have access to the enclosed back porch with lots of extra storage! Newly replaced kitchen flooring on the 1st and 2nd units; newly rehabbed basement unit (Nov 2021) and recently waxed and polished hardwood floors on each unit. HVAC has been recently maintained and checked by HVAC contractors (Dec 2021). Roof (2015). Gorgeous brick paver patio space in the backyard great for entertaining and grilling out! Wonderful neighborhood. Close proximity to shopping centers, parks, restaurants, convenient to transportation. Great investment property in move-in condition! Great for live-in owner or investor. Tenant occupied (M2M). Nothing to do but collect rent or move-in and let the tenants help you pay your mortgage. Potential for much higher rents based on comps in the area.

Price History
4/12/2022 Listed $419,000


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60641

AVG $500K