Property for Sale: 5402 W MELROSE, Chicago, IL 60641

$1,668,000
$1,668,000
5402 W MELROSE, Chicago, IL 60641
$1,668,000
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Price:
$1,668,000

Type Commercial
Year Built 1929

City Chicago
County Cook

MLS 12201366
Status Active
PRIME INVESTMENT OPPORTUNITY LOCATED IN THE HEART OF THE BELMONT-CRAGIN NEIGHBORHOOD THIS PROMINENT YELLOW BRICK CORNER BUILDING FEATURES TWELVE (12) SPACIOUS UNITS CONSISTING OF FOUR (4) 2BD/1BA AND EIGHT (8) 1BD/1BA APARTMENTS. THIS PROPERTY OFFERS AN ARRAY OF AMENITIES, INCLUDING OVERSIZED RESIDENT STORAGE UNITS, AN ON-SITE LAUNDRY FACILITY, A BACK COURTYARD AND A 2-CAR DETACHED GARAGE. THE BUILDING IS EQUIPPED WITH OWNER PROVIDED GAS STEAM BOILER HEAT AND HOT WATER WHILE THE RESIDENTS ARE RESPONSIBLE FOR THEIR COOKING GAS AND ELECTRIC UTILITIES. THIS RARE OPPORTUNITY FOR INVESTORS SEEKING STABLE CASH FLOW AND LONG-TERM GROWTH IN ONE OF CHICAGO'S ESTABLISHED RESIDENTIAL AREAS. PROPERTY HIGHLIGHTS: -OVERSIZED RESIDENT STORAGE UNITS - BUILDING OWNED LAUNDRY FACILITY - (2) CAR DETACHED PARKING GARAGE

Lot & Building Features

Tax Year 2023
Lot Dimensions 105 X 125 ft

Price History of 5402 MELROSE, Chicago, IL

Date Name Price Difference
12/31/1969 Listing Price $1,668,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Tom OConnor
Tom OConnor
Broker
Direct: 708-237-7790
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Revive Real Estate LLC, Jamison Klassman
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20%
1%
6.75%
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$
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Monthly Taxes
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5402 MELROSE (MLS #12201366) is a commercial listing located in Chicago, IL. This property was listed on 11/01/2024 and has been priced for sale at $1,668,000.

Nearby zip codes are 60618, 60630, 60634 and 60639.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Revive Real Estate LLC