663 W Melrose St
Chicago, IL 60657
663 W. Melrose St. Condominiums · Multifamily Property For Sale
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18 Units
Property Facts
| No. Units | 18 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 12,000 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1974/2001 |
| Building Class | B | Parking Ratio | 1/1,000 SF |
| Zoning | RM-4.5 | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 12,000 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1974/2001 |
| Parking Ratio | 1/1,000 SF |
| Zoning | RM-4.5 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Wi-Fi
- Grill
- Double Pane Windows
- Intercom
About 663 W MELROSE ST , CHICAGO, IL 60657
CBRE, as exclusive advisor, is pleased to present to qualified investors, 663 W Melrose Condominium Association. The Subject Property is an 18-unit structure, built in 1974 as condominiums and located within Lakeview, one of Chicago’s most vibrant, transit-oriented neighborhoods. Ownership will have the opportunity to generate significant upside in converting the asset to a rental property in an incredibly tight multifamily market. The Subject is situated on a large lot (9,025 SF, zoned RM-4.5), of which the building occupies over half. The property has a good unit mix in an excellent location. Sitting on Melrose Street between N Halsted Street and North Broadway, the Subject’s unparalleled proximity to local amenities and access to transportation makes it one of the most attractive investment opportunities to hit the market in recent years.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | $1,750 | 480 - 558 |
| 2+1 | 3 | $2,200 | 675 |
Property Taxes
| Parcel Number | 14-21-313-020-0000 | Improvements Assessment | $83,315 |
| Land Assessment | $93,996 | Total Assessment | $177,311 |
Property Taxes
