4937 W Melrose Street, Chicago IL 60641
Property Description
Investor/Handyman Special - 5 Bed, 3 Bath in Chicago! Spacious 5-bedroom, 3-bathroom home in Chicago, offering plenty of room and strong potential for the right buyer. This home needs work and is being sold strictly as-is - a great opportunity for an investor or hands-on buyer looking to add value. With 5 bedrooms and 3 full baths, this is a rare find for large families, multi-generational living, or an investor targeting a strong rental or resale after updates. Located in Chicago's Portage Park area, close to shops, dining, schools, and transportation. Cash or Conventional-financing buyers preferred. Schedule your showing today! Selling AS-IS!
Features & Information
Key Details
- List Price $469,000
- Property Taxes $7,176
- Year Built 1923
- Status New
- List Market Time 1
Units
-
Unit 1
- Floor 1
- Rooms 7
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator
- Rent $1,700/mo
- Tenant Pays Electric
- Lease Expires MTM
-
Unit 2
- Floor 2
- Rooms 8
- Beds 3
- Baths 1
- Appliances Stove, Washer
- Rent $2,289/mo
- Tenant Pays Electric
- Lease Expires MTM
Exterior Features
-
Parking
- # of Cars: 2
Building Information
- Number of Units 2
- Age of Building 100+ Years
Location
- County Cook
- Township Jefferson
- Corporate Limits Chicago
- Directions to Property North On Laramie, East On W School St, South On N Lavergne, East On Melrose St
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
- School Name Kelvyn Park High School
-
Property Taxes
- Tax 7176.25
- Tax Year 2024
- Tax Exemptions Homeowner
- Parcel Identification Number 13214210080000
Listed by Randy Servin for RE/MAX Partners | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 9/26/2026 1:02 PM. 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 Portage Park
Portage Park is a peaceful and spacious northwest side Chicago neighborhood with an active business district, a number of good schools and affordable property that is steadily growing in popularity and homebuyer interest. The Six Corners intersection is the area's main commercial hotspot, but the entire neighborhood is infused with a wealth of little shops and specialty stores. There is no better way to experience what Portage Park has to offer than to sample the vast roster of restaurants, bar & grills, pizzerias, bakeries and delis. And you don't want to discount the neighborhood's notable network of parkland, headed up by the spacious grounds and Olympic-size swimming pool of the community's coveted namesake Portage Park.
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