See Home Value
Chicago 60657 Lakeview
1240 W Melrose Street
$855,000 - $1,045,000
Land - Off Market

1240 W Melrose Street

Chicago, IL 60657
bedrooms
Studio
bathrooms
0 Bath
Transfer

About This Property

Amazing opportunity in the heart of the Southport Corridor and Burley School District.  Situated on secluded one-way Melrose Street and just steps from Southport, Margaret Donahue Park, transportation and everything in Lakeview, this 25 X 127 lot zoned R4 is perfect for a custom or spec single family home.  Three lots are available and this parcel can be combined with neighboring lots.  Property is restricted to a single family build.
Unit Size
-
Days on Market
-
Land Size
0.01 acres
Price per sqft
-
Property Type
Land
Property Taxes
$52
HOA Dues
-
Year Built
2000

Price History

Date / Event Date Event Price
Mar 1, 2024 No longer available -
No longer available
Jan 24, 2024 In contract -
In contract
Jan 4, 2024 Listed $950,000
Listed
Dec 23, 2023 No longer available -
No longer available
Sep 28, 2023 Price Decreased $950,000
↓ $49K (4.9%)
Price Decreased
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 848
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: WILLIAM J GOUDYS SUB
  • Land Acres: 0.19
  • Standard Land Use Code: Miscellaneous (general)

Ownership

  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Mar 28, 2024

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 062300

Zoning

  • Zoning: C1-2,RT-4

Geography

  • District: 73
  • Parcel: 14-20-331-058-0000
  • Municipality: LAKE VIEW
  • Latitude: 41.9403
  • Longitude: -87.6606

    Address

  • Full Address: 1240 W Belmont Ave
  • Address - House Number: 1240
  • Street Direction: W
  • Address - Street Name: Belmont
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C079
  • 4-Digit Zip Code: 3207
  • Zip Code: 60657

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,732
  • Tax Rate Code Area: 73115

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 76
  • Final Value: 207,364
  • High Value: 245,048
  • Low Value: 169,680

    Market Valuation

  • Market Total Value: $129,200
  • Market Land Value: $127,200
  • Market Improvement Value: $2,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,920
  • Assessed Land Value: $12,720
  • Assessed Improvements Value: $200



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
4 Beds
2.5 Baths
2,500 ft²
$396/ft²
$989,000 Jan 17, 2024
-
$1,701/mo
Multifamily
3 Beds
2.5 Baths
3,000 ft²
$300/ft²
$899,000 Jan 2, 2024
-
$1,496/mo
House
4 Beds
3.5 Baths
2,625 ft²
$381/ft²
$999,900 Oct 6, 2023
-
$1,603/mo
Multifamily
2 Beds
2 Baths
-
$875,000 Jan 4, 2024
-
$250/mo
House
3 Beds
2 Baths
2,300 ft²
$382/ft²
$879,000 Jan 25, 2024
-
$1,021/mo
House
3 Beds
2.5 Baths
-
$1,050,000 Jan 3, 2024
-
$444/mo
House
4 Beds
3 Baths
2,600 ft²
$404/ft²
$1,050,000 Jan 11, 2024
-
$2,017/mo
House
3 Beds
2.5 Baths
-
$844,900 Jan 3, 2024
-
$358/mo
House
3 Beds
2 Baths
1,900 ft²
$442/ft²
$840,000 Nov 7, 2023
-
$1,773/mo
House
3 Beds
2.5 Baths
-
$824,900 Jan 3, 2024
-
$349/mo
Multifamily
10 Beds
-
-
$1,099,000 Jan 23, 2024
-
$1,522/mo
House
2 Beds
2 Baths
1,400 ft²
$557/ft²
$780,000 Nov 13, 2023
-
$1,311/mo

About North Side


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Frequently Asked Questions

When was property at 1240 West Melrose Street built and last sold?
The property at 1240 West Melrose Street was built in 2000 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1240 West Melrose Street is $959,500.
What are some comparable homes to 1240 West Melrose Street?
Homes that are comparable to 1240 West Melrose Street include a multifamily property at 2721 North Southport Avenue, a house property at 1338 West Grace Street, 3325 North Lincoln Avenue.

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