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5216 W Melrose St, Chicago, IL, 60641

3beds
3baths
1,408sqft
$349,900
$249price/sqft
$2,533/moest. monthly cost
$101,320/yrincome needed

About This Home

Multiple offers have been received. Seller request highest and best due by Tuesday, July 21, 2026 at 5 PM.Set on a great city street is this brick bungalow. This 3 bedroom and 3 bath home offers you the opportunity to do a full renovation and make this your own dream home. Beautiful wood doors and trim work offer great accents and character. Tons of sunlight fills the home, and the hardwood floors, dining room and living room create a warm inviting feel. The home has a basement that is set up as an in-law suite that can provide flexibility for guests, teens or multi-generational living. The home has a nice yard with a 2-car garage so you will not need to search for a parking spot. The property requires a full renovation that makes this ideal for an investor or rehabber, or a family searching for their perfect home. Call today to schedule a tour!

Getting Around

86
WalkingVery Walkable
61
TransitGood Transit
60
BikeBikeable

Schools

4/10
Camras Elementary SchoolGrades PK-80.7 mi
1/10
Foreman High SchoolGrades 9-120.2 mi

Construction

Condition

  • Year built: 1926

Materials

  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Partially Finished,Full

Bedroom2

  • Features: Flooring (Hardwood)
  • Level: Main
  • Area: 110
  • Dimensions: 11X10

Bedroom3

  • Level: Basement
  • Area: 110
  • Dimensions: 11X10

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 3

Dining Room

  • Level: Main
  • Area: 156
  • Dimensions: 13X12

Features

  • Attic: Finished

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 0
  • Total interior livable area: 1,408 sqft

Kitchen

  • Level: Main
  • Area: 143
  • Dimensions: 13X11

Living Room

  • Features: Flooring (Hardwood)
  • Level: Main
  • Area: 195
  • Dimensions: 15X13

Master Bedroom

  • Features: Flooring (Hardwood)
  • Level: Main
  • Area: 108
  • Dimensions: 12X9

Property

Accessibility

  • Accessibility features: No Disability Access

Details

  • Parcel number: 13213260330000
  • Special condition: None

Features

  • Stories: 2

Lot

  • Lot size: 3,750 sqft
  • Lot size dimensions: 30 x 125

Parking

  • Total spaces: 2
  • Parking features: Yes,Detached,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Heat Wave
    Heat WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado
Winter Weather
Tsunami

FEMA Declared Disasters Across Illinois Counties

Flood
Other
Severe Storm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,769$21,228
Home Insurance *$130$1,560
Property Taxes $504$6,048
Electricity $130$1,569
Total$2,533$30,396
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$86,845/yr
40% on housing$75,990/yr
45% on housing$67,546/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.1%
15.1%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -0.8%
-0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$249This listing

vs Other Active Listings

Avg $/sqft

ZIP 60641$269
Cook County$225

vs Homes Sold Last Month

Median $/sqft

ZIP 60641$248
Cook County$219

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
1997-12-01Sold$139,000

For Sale by Agent

AgentVicki Vranas
BrokerageBerkshire Hathaway HomeServices Chicago

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