For Sale: 721 W Melrose ST, Chicago IL 60657

Apartments (Multi-Unit) $1,225,000

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Description

Amazing opportunity in this 4-flat with 3 parking spaces on one of the most desirable Lake View Streets. Develop as land or maintain the current structure for a true investment. This building features four separate units, three with private decks overlooking the landscaped yard. Unit 1 features hardwood floors, 3 bedrooms, 1 full bath with Kohler steeping tub, separate walk-in shower, and dual vanities. An office, separate living and dining room, decorative fireplace, and private deck complete this unit. Unit 2 features hardwood floors, 3 bedrooms, 2 full bathrooms, one with soaking tub, two walk-in-closets, separate living and dining room and a private deck. Unit 3 features hardwood floors, 4 bedrooms and two full bathrooms, one with soaking tub, combined living/dining room, and private deck. The lower level, which seller has used for consistent Airbnb income, features 2 bedrooms, separate living and dining room, steam shower, ventless gas fireplace, and sunroom. 2018 rents: $104,768.00. Amazing Lakeview location with close proximity to CTA Red/Purple/Brown lines, multiple bus routes, Lake Shore Drive, and all of the amazing restaurants, bars, and stores Lake View East has to offer.

Photos

Photo of 721 W Melrose ST, Chicago, IL, 60657, apartments (multi-unit) for sale
Photo of 721 W Melrose ST, Chicago, IL, 60657, apartments (multi-unit) for sale

General Info

  • Beds: 12
  • Baths: 6
  • Basement: N
  • Waterfront: N
  • Year Built: 1901
  • County: COOK
  • MLS#: 10640588

Rooms

Additional Features

External: Porch

Costs

  • Listed Price: $1,225,000
  • Taxes: $13,298
  • Tax Year: 2018

Contact Info

Contact Lucid Realty About 721 W Melrose ST

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