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1243 W Melrose St; Chicago, IL Property Details

1243 W Melrose St, Chicago, IL is a Single Family that was built in 1994. This property is currently a cash purchase and is not for sale. Our records show that 1243 W Melrose St has 3 bedrooms, and 2.5 bathrooms, and a total of 1,944 square feet. The lot size of 1243 W Melrose St is 2,954 square feet.

Off market
1243 W Melrose St Chicago, IL 60657
$1,200,000 Listing Price
3 Beds
2.5 Baths
1,944 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1994
  • Purchase Price: $1,200,000
  • Open Loans / Balance: 1 / $313,037
  • Est. Equity / %: $1,402,963 / 81.76%
  • Gross Yield: 7.082%
  • APN: 14-20-331-054-0000
  • Situs County: Cook
  • Length Of Ownership: 5 years, 7 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2.5
  • Full Bathrooms: 2
  • Total Rooms: 7
  • Partial Bathrooms: 1

Structure

  • Building Style: Frame
  • Stories: 2
  • Exterior Wall Type: Wood
  • Building Condition: Average
  • Building Quality: C
  • Roof Cover Type: Asphalt
  • Water Source: Municipal

Measurements

  • Total: 1,944/SqFt
  • Lot: 2,954/SqFt
  • Gross: 1,944/SqFt
  • Living: 1,944/SqFt
  • Building: 1,944/SqFt
  • Price Per Square Foot: $617.28
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Chicago Public School District 299
  • Lat / Lon: 41.940495 / -87.6607
  • Subdivision: Melrose Chicago Homes
  • Property Class: Residential
  • Zoning: RT-4
  • County Use Code: 2-07

Amenities

  • Plus Four: 3217
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Detached Garage
  • Heating: Yes
  • Parking: 2

Ownership Info

1243 W Melrose St has no associated ownership info
1243 W Melrose St has no associated ownership info.

Taxes

1243 W Melrose St has 10 associated Taxes items

1243 W Melrose St, Chicago, IL pays taxes in Cook County, IL. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $113,000. The APN we've located for 1243 W Melrose St is 14-20-331-054-0000.

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Taxes
  • Assessed Value:  $113,000
  • Assessed Year:  2025
  • Assessed County:  Cook
  • APN:  14-20-331-054-0000
  • Assessed Land Value:  54944
  • Market Land Value:  549440
  • Tax Amount:  20684
  • Tax Year:  2023
  • Market Value:  1130000
  • Market Year:  2025

Tax History

1243 W Melrose St has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $113,000 Land Value $54,944 Improvement Value $58,056 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $113,000 Land Value $54,944 Improvement Value $58,056 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value Land Value Improvement Value Tax Amount $20,684 Change Rate -0.03305% Assessed CR Tax Rate
Year 2022 Assessed Value $104,000 Land Value $44,310 Improvement Value $59,690 Tax Amount $21,390.97 Change Rate +0.022833% Assessed CR Tax Rate +0.205682%
Year 2021 Assessed Value $104,000 Land Value $44,310 Improvement Value $59,690 Tax Amount $20,913.46 Change Rate -0.001356% Assessed CR Tax Rate +0.201091%
Year 2020 Assessed Value $99,591 Land Value $18,905 Improvement Value $80,686 Tax Amount $20,941.85 Change Rate -0.03712% Assessed CR Tax Rate +0.210279%
Year 2019 Assessed Value $108,252 Land Value $18,905 Improvement Value $89,347 Tax Amount $21,749.18 Change Rate +0.05044% Assessed CR Tax Rate +0.200913%
Year 2018 Assessed Value $108,252 Land Value $18,905 Improvement Value $89,347 Tax Amount $20,704.83 Change Rate +0.103946% Assessed CR Tax Rate +0.191265%
Year 2017 Assessed Value $90,500 Land Value $16,542 Improvement Value $73,958 Tax Amount $18,755.29 Change Rate +0.06407% Assessed CR Tax Rate +0.207241%
Year 2016 Assessed Value $90,500 Land Value $16,542 Improvement Value $73,958 Tax Amount $17,626 Change Rate +0.094575% Assessed CR Tax Rate +0.194762%
Year 2015 Assessed Value $90,500 Land Value $16,542 Improvement Value $73,958 Tax Amount $16,103.05 Change Rate +0.04665% Assessed CR Tax Rate +0.177934%
Year 2014 Assessed Value $85,491 Land Value $13,588 Improvement Value $71,903 Tax Amount $15,385.33 Change Rate +0.020895% Assessed CR Tax Rate +0.179964%
Year 2013 Assessed Value $85,491 Land Value $13,588 Improvement Value $71,903 Tax Amount $15,070.44 Change Rate Assessed CR Tax Rate +0.176281%