1630 West Melrose, Chicago IL 60657
$550,000

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Property 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.

Features & Information

Key Details

  • List Price $550,000
  • Property Taxes $11,344.33
  • Price/ Sq. Ft. Unavailable
  • Year Built 1908
  • Parking Type None
  • Status New

Rooms

  • Total Rooms 8
  • Basement F

Exterior Features

  • Parking

  • Parking Details None
  • # of Cars:  0

Building Information

  • Number of Units 2
  • Age of Building 100+ Years
  • Exterior Construction Brick
  • Heating & Cooling Forced Air
  • Units

  • Unit 1 Stove, Refrigerator
  • Unit 2 Stove, Refrigerator

Location

  • County Cook
  • Township Lake View
  • Corporate Limits Chicago
  • Directions to Property Lincoln Ave (north Or South) To Melrose St West To The Building (melrose Is One-way)
  • Schools

  • Elementary School District 299
  • School Name Burley Elementary School
  • Junior High District 299
  • School Name Burley Elementary School
  • High School District: 299
  • School Name Lake View High School
  • Property Taxes

  • Tax 11344.33
  • Tax Year 2024
  • Tax Exemptions None
  • Parcel Identification Number 14194300190000

Utilities

  • Sewer Sewer-Publ

Listed by: Jameson Sotheby's Intl Realty | Phone: 312.751.0300
Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 6/29/2026 9:02 AM. 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.

Explore West Lakeview

A quaint neighborhood just north of Chicago’s bustling downtown, West Lakeview is a community with a rich history. Once home of one of the city’s largest shopping districts—including longtime area favorites Paulina Market and Dinkel’s Bakery—and business corridors along Lincoln and Southport Avenues, West Lakeview is a vibrant area drawing people from all over the city and suburbs. Many locals find car-free commuting a breeze, with West Lakeview well-served by a variety of public transportation options. This northside community offers an amazing range of shopping, dining, and entertainment options perfectly suited to every taste. West Lakeview is also home to several award-winning schools, including the highly regarded Burley and Blaine School Districts.

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