2205 N Melvina Avenue

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Address: 2205 N Melvina Ave, Chicago, IL 60639, USA
Chicago & Midwest + Apartment Buildings
Created date: July 1, 2026
Date last updated: September 17, 2026
Price: $659,000Investment Analyzer NEW!

Property Description

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!

Key Property Information

Listing Status: Under Contract
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $659,000
Year Built: 1925
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 10
Number of Bathrooms: 6
Address: 2205 N Melvina Avenue, Chicago, IL 60639, USA
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Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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