5433 W MELROSE Street
Chicago, IL, 60641
$719,000
8 Beds
4 Baths
0 SqFt
0.09 Acres
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MLS #MRD12658755 image #0
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.

Property Details

Price:
$719,000
MLS #:
MRD12658755
Status:
Active
Beds:
8
Baths:
4
Type:
Multi Family
Neighborhood:
chiportagepark
Listed Date:
Jun 13, 2026
Year Built:
1923
Chi – Portage ParkChiportagepark

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Schools

School District:
299

Interior

Heating
Natural Gas, Forced Air, Radiant

Exterior

Community Features
Curbs, Gated, Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Fencing
Fenced
Garage Spaces
2
Parking Features
Garage Door Opener, Yes, Garage Owned, Detached, Garage
Parking Spots
2
Parking Total
2
Patio And Porch Features
Porch
Roof
Asphalt
Window Features
Screens

Financial

Maintenance Fee
$1,658
Net Operating Income
$36,765
Tax Year
2023
Taxes
$7,811

Map

Community

Market Summary

Current real estate data for Multi Family in Chicago as of Jun 18, 2026
1,399
Multi Family Listed
79
Avg DOM
$529,474
Avg List Price

Property Summary

    5433 W MELROSE Street Chicago IL is a Multi Family for sale in Chicago, IL, 60641. It is listed for $719,000

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5433 W MELROSE Street
Chicago, IL