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2025 West Melrose Street

2025 West Melrose Street, Chicago, IL 60618
Multifamily in Roscoe Village
2025 West Melrose Street in Chicago, IL was first built in 1890 and is 134 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. There are a total of 2 floors. There are a total of 16 rooms in the home, of which, 8 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 4 partial bathrooms. 2025 West Melrose Street has 2,717 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 250 ft and the linear feet between the front and back of the lot is 1,250. In total, the area measurement of the land is 3,125 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. For those who need parking, there is a no garage. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2025 West Melrose Street sold most recently in Jun 16, 2021 for a total of $985,000. If you work out the math, that's approximately a cost of $362.53 per sqft. Before that, the property was also sold for $575,000 in Sep 26, 2019. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $17,071 in taxes each year. 2025 West Melrose Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $83,001. If we break it down further, the land itself was valued at $39,063. Improvements to the property, however, were assessed at a total of $43,938. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210323
03/23/2021
8 Bed
4 Bath
-
$1,050,000
bedrooms
8 Bed
bathrooms
4 Bath
$985,000 -6.19%
07/07/2021
Mitir Patel

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 16
  • Bedroom Count: 8
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Multifamily
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 2
  • Business/Commerical Units Count: 4
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,125
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 2,717
  • Gross Building Area: 2,717
  • Building Area: 2,717
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,717
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CHARLES SUB
  • Land Acres: 0.072
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: OSCAR (CHARLES) SUB OF BLK48 OF EXECUTORS OF W E JONE S SUB OF SEC19 EX SWINE & SE NW & EX EH SE SEC 19-40-14

Ownership

  • Current Owner : PERREAULT LUCIEN N
  • Previous Owner : BERENSTAIN PROPERTIES LLC
  • Owner Before Previous Owner: CK PARAGON PROPERTIES LLC

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 051100

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 73
  • Parcel: 14-19-331-014-0000
  • Block: 48
  • Lot: 10
  • Meridian: SEC 19 TWN 40N RNG 14E
  • Municipality: LAKE VIEW
  • Latitude: 41.9403
  • Longitude: -87.6794

    Address

  • Full Address: 2025 W Melrose St
  • Address - House Number: 2025
  • Street Direction: W
  • Address - Street Name: Melrose
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C062
  • 4-Digit Zip Code: 6362
  • Zip Code: 60618

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $17,071
  • Tax Rate Code Area: 73001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 668,192
  • High Value: 838,928
  • Low Value: 497,455

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,020,460
  • First Open Lien Mortgage Lender: THE FEDERAL SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Jul 07, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $1,020,460
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2051

    Market Valuation

  • Market Total Value: $830,010
  • Market Land Value: $390,630
  • Market Improvement Value: $439,380

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $83,001
  • Assessed Land Value: $39,063
  • Assessed Improvements Value: $43,938

    Sales

  • Current Sale Contract Date: Jun 16, 2021
  • Current Sale Recording Date: Jul 07, 2021
  • Current Sale Transaction ID: 11841780583
  • Current Sale Price: $985,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2118816023
  • Previous Sale Recording Date: Oct 23, 2019
  • Previous Sale Contract Date: Sep 26, 2019
  • Previous Sale Amount: $575,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: THE FEDERAL SAVINGS BANK
  • First Mortgage Transaction Date: Jul 07, 2021
  • First Mortgage Loan Amount: $1,020,460
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jul 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: LAKESIDE BANK
  • Previous Mortgage Transaction Date: Oct 23, 2019
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $597,932
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Building or Construction Loan
  • Previous Mortgage Loan Due Date: Oct 27, 2020

About North Side



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Frequently Asked Questions

What neighborhood is 2025 West Melrose Street located in?
The 2025 West Melrose Street is a multifamily located in the neighborhood of Roscoe Village in North Side, Chicago.
What is the average sales price for listings in 2025 West Melrose Street?
The average sales price for units in 2025 West Melrose Street is $1,050,000 currently.

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