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Listing provided courtesy of Better Homes & Gardens Real EstateMREDas Distributed by MLSGrid- MLS# 12678824MLS Provider

2205 N Melvina AvenueChicago, IL 60639

Multi-Family · 7 Beds
$659,000 Active

2205 N Melvina Avenue Overview

Time on Site:
13 days
Visits:
1

Fantastic investment opportunity! Well-maintained multi-unit property featuring a 3-unit building plus a coach house with an additional apartment. The main building offers two 2-bedroom units, one with 1 bath and the other with 2 baths and a rear porch area, plus a spacious 3-bedroom, 1-bath unit. The coach house features 3 bedrooms and 1 bath. Each unit offers a living room and dining room, providing comfortable layouts for tenants. Property is fully leased with long-time tenants on month-to-month leases. Current rents are below market, offering excellent potential for increased cash flow. Finished basement adds additional usable space. A great opportunity for investors looking to expand their portfolio!

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2205 N Melvina Avenue Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: 299

Building Information

  • New Construction: No
  • Year Built: 1925

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Belmont Cragin
  • Township: West Chicago

Tax Information

  • Tax Annual Amount: $7,818.00
  • Tax Year: 2023

General Information

  • Ownership: Fee Simple
  • Parcel Number: 13321140170000
  • Property Type: Residential Income
  • Special Listing Conditions: None

Interior

Parking Information

  • Half Baths Building: 0

Beds/Baths

  • Bathrooms Total: 6
  • Bedrooms Total: 10
  • Bedrooms Possible: 10
  • Full Baths Building: 6

General Information

  • Basement: Partially Finished, Full
  • Heating: Forced Air
  • Rooms Total: 22

Exterior

Parking Information

  • Parking Total: 0

Lot Information

  • Lot Size Dimensions: 30x125
  • Water Source: Lake Michigan, Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Vinyl Siding, Brick

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 1050
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 1100
  • Beds Total: 2
  • Baths Total: 2

Unit 3 Details

  • Unit Type: Unit 3
  • Actual Rent: 1050
  • Baths Total: 1

Unit 4 Details

  • Unit Type: Unit 4
  • Actual Rent: 1000
  • Beds Total: 3
  • Baths Total: 1

2205 N Melvina Avenue Neighborhood

Community

60639 (Chicago) Demographics

35
Median Age
18,147
Population Density (per sq. mile)
20%
College Educated
$51,810
Estimated Median Income
12,979
Estimated Total Home Owners
12,828
Estimated Total Renters
50% / 50%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2205 N Melvina Avenue Monthly Cost

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$
$
Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2205 N Melvina Avenue Market Data

Based on the last 30 days in this zip code

$496,366
Average List Price
$256
Average Price per Square Foot
14
Properties Sold
54
Average Days on Market
36
Properties for Sale
Calculations provided by Reliance Network

2205 N Melvina Avenue History

Date Event Value Agent
6/22/2026Source: MRED Status Change
Active
6/16/2026Source: MRED Added to Database
June 16, 2026