Contact us: 563.441.1776
Description
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 Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 4
Bathrooms: 2
County: Cook
High School: Lake View High School
Listed By:
Jameson Sotheby's Intl Realty
312-751-0300
MRED MLS
MLS ID: 12667107
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1630 W Melrose Street , Chicago, IL 60657.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $550,000 | $550,000 | $550,000 |
| Down Payment | $110,000 | $19,250 | $137,500 |
| Monthly Mortgage Amount | $2,638 | $3,281 | $3,398 |
| Taxes | $765 | $765 | $765 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $242 | $0 |
| Monthly Estimated Total | $3,563 | $4,448 | $4,323 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/27/2026. The listing information on this page last changed on 06/27/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 06/27/2026 12:23:32 AM EST) or MRED MLS (last updated Sat 06/27/2026 12:19:12 AM EST) or SCWMLS (last updated Fri 06/26/2026 11:54:56 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Fri 06/26/2026 10:16:32 PM EST) or Cedar Rapids MLS (last updated Fri 06/26/2026 10:44:17 PM EST) or NEIRBR MLS (last updated Sat 06/27/2026 12:18:42 AM EST) or ICAAR MLS (last updated Fri 06/26/2026 11:37:34 PM EST) or ECIMLS (last updated Fri 06/26/2026 11:44:13 PM EST) or RMLSA (last updated Sat 06/27/2026 12:20:57 AM EST) or Muscatine MLS (last updated Sat 06/27/2026 12:15:09 AM EST) or No Coast MLS (last updated Sat 06/27/2026 12:14:21 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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