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5433 W Melrose Street

Chicago, IL 60641
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Bed 8

Bed

Bath 4

Bath

Acres0.09

Acre(Lot)

BELMONT CRAGIN / PORTAGE PARK! Legal 2-flat with a nonconforming garden apartment and a 2-car detached garage. Excellent investment opportunity in the desirable Belmont Cragin/Portage Park neighborhood. This attractive 21/2-story brick building also offers the potential for one additional outdoor parking space. The property features approximately 2,800 square feet of above-grade living area, with each floor functioning as a separate unit, making it an ideal income-producing property for investors or owner-occupants. The building includes updated units, hardwood and ceramic tile flooring throughout, a separate building laundry room located in the basement, and a new roof installed in May 2026. The second-floor apartment offers five rooms, two bedrooms, a spacious living room, a separate dining room, a large kitchen with a double pantry and eat-in area, and a ceramic tile bathroom. The garden apartment features a finished living room, two bedrooms, a kitchen with oak cabinetry, a full bathroom, new ceramic tile flooring, and a laundry area. The first floor and garden apartment underwent a complete renovation in 2003. The basement and both apartments have been freshly painted, making the property move-in and rent-ready. The building is equipped with two separate heating systems and two central air conditioning systems. The first-floor apartment and the garden apartment share the laundry room and one central air conditioning system, while the second-floor apartment has its own separate heating and air conditioning system. MLS PHOTO DISCLOSURE: Some listing photos have been virtually enhanced and/or virtually staged for marketing purposes. The images may not depict the current appearance of the property or the tenant furnishings that are presently occupying the units. Buyers and buyer's agents are advised to rely on their own inspections and in-person showings to verify the property's current condition and layout.

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Detail Ic Property Details

Property Type : Residential Income

Price : $719,000

AD Id : 84815618

MLS Id : MRD12658755

Beds : 8

Lot Size : 0.09 Acre

Year Built : 1923

Garage : 2

County : Cook

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Feature Features

  • Bedroom Information

    Total Bedroom: 8 Room Types: Kitchen, Enclosed Porch, Sun Room

    Bathroom Information

    Total Baths: 4

    Room Information

    Rooms Total: 12

    Interior Features

    Roof: Asphalt

    Roofing Information

    Asphalt
  • Flooring Information

    Construction Materials: Brick
  • Heating & Cooling

    Heating: Natural Gas, Forced Air, Radiant WaterSource: Lake Michigan

  • Building Information

    Year Built: 1923

  • Lot Information

    Lot Dimensions: 33X126 Lot Acres: 0.09 Lot Size: Oversized Chicago Lot

    Property Information

    Property Type: Residential Income Sub Type: Two to Four Units

  • Listing Price Information

    Original List Price:$719000

  • Tax Information

    Annual Tax: $7811 Tax Year: 2023 Parcel Number: 13213280090000 Tax Exemption: None

  • Parking Information

    Total Parking: 2 Garage Door Opener, Yes, Garage Owned, Detached, Garage Is Parking Included in Price: Yes

    Garage Information

    Garage Space: 2

  • Utility Information

    Sewer: Public Sewer Water Source: Lake Michigan
  • Location Information

    City: Chicago Direction: BELMONT AND CENTRAL AVE. MELROSE IS ONE WAY EAST.
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Nearby Home Value

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5407 W Pensacola Avenue, Chicago, IL, 60641 $1,125,000 5 4 3,300 3,300 SqFt
5155 W School Street, Chicago, IL, 60641 $599,900 4 4 3,400 3,400 SqFt
4154 N Dickinson Avenue, Chicago, IL, 60641 $550,000 4 2 1,612 1,612 SqFt
4036 W Warwick Avenue, Chicago, IL, 60641 $1,375,000 5 4 3,500 3,500 SqFt
4938 W Melrose Street, Chicago, IL, 60641 $435,000 3 2 988 988 SqFt
3711 N Kenneth Avenue #.., Chicago, IL, 60641 $148,500 2 1 --
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ByOwner last updated this listing 06/14/2026 @ 06:20

MLS: MRED #12658755 LISTED BY: Victor Lopez, Coldwell Banker Realty 630-954-4600 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)

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