About This Home

This 5-bedroom, 3-bathroom single family at 5438 W Melrose Street in Chicago, IL is listed for $559,900 ($224 per sqft). Built in 1924, the home offers 2,500 sqft of living space on a N/A lot.

Key Features

  • Built in 1924
  • 2 stories
  • 2 parking spaces
  • Fireplace

Property Details

2 stories
3 full
2-car garage
1924

Amenities

FireplaceHardwoodA/C
Listing Description

Incredible opportunity for Home owners or investors to own a spacious bungalow in the heart of the highly desirable Portage Park neighborhood! This property will paid off on it's own with collected rent. This oversized home features 3 levels of living space and offers exceptional flexibility for extended families, related living, or investment potential.

The property includes 8 total bedrooms, 3 full bathrooms, and 3 kitchens, with each level offering its own separate living area. The main floor kitchen features granite countertops, stainless steel appliances, and 42" tall cabinets, offering both style and functionality.

A main floor office is currently being used as an additional bedroom, providing even more flexible living arrangements. The basement primary bedroom features two walk-in closets, and the home offers an abundance of storage space throughout. The second floor has separate electrical service, and the property is equipped with 2 separate high-efficiency HVAC systems for added comfort and efficiency.

Major updates include a newer roof (approximately 4 years old), vinyl windows throughout, updated mechanicals, and a newer electrical panel. Enjoy two cozy decks perfect for relaxing or entertaining. The oversized garage with 10-foot garage doors can accommodate large vans, including the largest Sprinter models, making it ideal for contractors, business owners, RV storage, or additional workspace needs.

The home also offers two separate laundry areas for added convenience. Fantastic location close to parks, schools, shopping, restaurants, and public transportation. A rare opportunity with endless possibilities. Schedule your showing today and bring your offer!

Monthly Cost Estimate

$2,994/mo

20% down · 6.5% · 30 years

Principal$405
Interest$2,426
Insurance$163

Estimates only. Actual payments may vary.

Location

5438 W Melrose Street

Chicago, IL 60641

Features & Amenities

Interior Features

1st Floor BedroomIn-Law FloorplanSeparate Dining Room

Property Details

Flooring

Hardwood

Construction

Brick

Parking

GarageOpen

Heating

Forced AirNatural Gas

Cooling

Central Air

Appliances

RangeMicrowaveDishwasherRefrigeratorWasherDryerHumidifier

Questions & Answers

This 5-bedroom, 3-bathroom single family at 5438 W Melrose Street is listed at $559,900 ($224/sqft). The estimated monthly payment is $2,994 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1924, 2 stories, 2 parking spaces, Fireplace. Interior Features: 1st Floor Bedroom, In-Law Floorplan, Separate Dining Room.

This property is listed by David Jaracz.

DJ

David Jaracz

Agent at David Jaracz

Listed by David Jaracz · Broker phone: (773) 710-4376 · View on Broker Site · Broker website

MLS# 12784810· Source: Midwest Real Estate Data, LLC· 18 days on PropertySimple

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5438 W Melrose Street, Chicago, IL 60641

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