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Brady Lockenour

bradylockenour@gmail.com +1(309) 397-5544

$ 719,000

Est. payment -/mo

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5433 W MELROSE ST Chicago, IL 60641

8 Beds

4 Baths

3,920 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12658755

Bedrooms 8

Maintenance Fees $1,658

Year Built 1923

Annual Tax Amount $7,811

Tax Year 2023

Lot Size 3,920 Sqft

Lot Dimensions 33X126

Property Sub-Type Two to Four Units

Property Description

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.

Location

State IL

County Cook

Area Chi - Portage Park

Zoning MULTI

Rooms

Basement Finished, Exterior Entry, Full

Interior

Heating Natural Gas, Forced Air, Radiant

Equipment Ceiling Fan(s)

Fireplace N

Exterior

Garage Spaces 2.0

Community Features Curbs, Gated, Sidewalks, Street Lights, Street Paved

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Listed by Victor Lopez of Coldwell Banker Realty

Brady Lockenour

Agent

+1(309) 397-5544

Brady Lockenour

5433 W MELROSE ST Chicago, IL 60641

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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5433 W MELROSE ST