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5700 W Melrose St
Multi-Family
New
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$599,900

5700 W Melrose St, Chicago

49% below median
6 bd·3 ba·0 sqft
Built 1925Portage Park

5700 W Melrose St, Chicago, IL

6 bd · 3 ba · 0 sqft Multi-Family listed at $599,900, built in 1925 in the Portage Park neighborhood.

About this home

Excellent opportunity to own a well-maintained two-flat offering flexible living arrangements. Largely renovated in 2012, the property has been meticulously cared for and provides multiple options for both owner-occupants and investors. The top-floor unit can function as a comfortable two-bedroom apartment. The main-level unit features two bedrooms, a remodeled kitchen, beautiful hardwood floors, and an oversized layout that includes a full formal dining room. A versatile property that works well for multi-generational living.

Property details

Price
$599,900
Bedrooms
6
Bathrooms
3
Year built
1925
Type
Multi-Family
Days on market
29
Est. property tax
$12,478/yr · $1,040/mo · 2.08% IL avg
Last sold
$235,000 · Aug 2002

Estimated monthly payment

Down payment20% ($119,980)
Interest rate6.75%
Principal & Interest$3,113
Property Tax$550
Insurance$150
Total$3,813/mo

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Price history

$636K$417K$199K$235K on Aug 02 (Sold)$440K on Mar 09 (Initial list)$400K on Nov 09 (Price change)$400K on Dec 09 (Price change)$600K on Mar 26 (Initial list)
$235K · Aug 02$600K · Mar 26
  1. Mar 28, 2026$599,900Initial list price
  2. Dec 4, 2009$399,900Price change
  3. Nov 29, 2009$399,900Price change
  4. Mar 3, 2009$439,900Initial list price
  5. Aug 15, 2002$235,000Sold

Location

This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.

About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.

Location

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Home Intelligence

Neighborhood (zip 60634)

This neighborhood is predominantly owner-occupied (74%). Median age is 41.2; 18% hold a bachelor's degree; median household income is $82,771.

Median income
$82,771
Median age
41.2
Owner-occupied
73.9%
Bachelor's degree
17.6%
Census median home value
$321,200

Source: US Census Bureau American Community Survey 5-year estimates.

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