2715 N Melvina Ave Chicago, IL 60639

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2 beds · 1 bath · 876 sq ft · Lot Size: 4,132 sq ft · Single Family Home · Belmont Cragin
Est. Property Value: $242,720
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2715 N Melvina Ave is in the Belmont Cragin neighborhood of Chicago, IL. It is located in Cook County and ZIP code 60639. This Single Family Home was built in 1951 and is approximately 74 years old. The single family home spans 876 sq ft with 2 bedrooms and 1 bathroom and sits on a 4132 sq ft lot. According to public records, it was last sold in 2001 for $182,000 and has a tax-assessed value of $230,000, which is $277 per sq ft. The Belmont Cragin area of Chicago has 2521 residential homes with an average size of 1008 sq ft. Analyze and compare real estate investment strategies for properties like this home at 2715 N Melvina Ave Chicago, IL 60639 with Property Intel by Whitepages.

2715 N Melvina Ave

Chicago, IL 60639

Owner Info

Owners & Occupancy for 2715 N Melvina Ave

This property is owned by Tarquino M Argudo. Owner contact information includes 4 phone numbers and 2 email addresses.

Property Owners

Cell Phone(773) ***-****View Cell Phone
Residence***********
Landline(773) 622-4146
Distance from Property**********
Email Address*******@yahoo.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1****************
Resident 2*************
Resident 3***************** age 62
Resident 4************** age 51
Resident 5***************** age 93
Resident 6*****************

Property Financials for 2715 N Melvina Ave

2715 N Melvina Ave, Chicago, IL has a mortgage from Greenpoint Mtg Fndg (orig. May 10, 2004). The Cook county assessment for 2022 values it at $230,000, with annual taxes of $3,889.

Mortgage & Equity Information

Loan Amount$******
LenderGreenpoint Mtg Fndg
Origination DateMay 10, 2004
Interest Rate****%
Term30 Years
Rate TypeAdjustable
Est Balance$********
Due Date*************
Equity
View Equity

Property Tax

Purchase DateMay 07, 2001
Property Tax Amount$3,889 in 2022
Purchase Price$182,000
Assessed Value$230,000 on 2022

Investment Potential for 2715 N Melvina Ave

The property has a current estimated value of $242,720, which is 5% above the neighborhood median, based on public records. It last sold on May 07, 2001 for $182K. Projected long-term
is $32,400 annually ($2,700 per month) with a 90% occupancy rate.

Discover more Single Family Homes in Belmont Cragin.

Long-Term

Gross Rental
$32,400 per year($2,700 per month)
Net Operating Income
Cap Rate
Occupancy Rate
90%in 60639 zip code
 
View Rental Potential

Property Details for 2715 N Melvina Ave

Property Details

Property Sq Ft

Living Area

876 sq ft

13% below market

Lot Size

4,132 sq ft

10% above market

Price Per Sq Ft

Living Area

$277 / sq ft

19% above market

Lot Size Area

$59 / sq ft

6% below market

Property condition, age, exterior, etc. for 2715 N Mel…
Longitude: -87.780433 Latitude: 41.929729 Parcel Number (APN): 13-29-304-037-0000…

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Market Benchmarks

Compare data for 2715 N Melvina Ave in Cook County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$242,720
$158,290
$84,430 (53%)
YoY Price Change
Year Built
1951
1951
0 years
Living Space
876 sq ft
1,018 sq ft
-142 (-14%)
$ Per Living Sq Ft
$277
$142
$135 (95%)
Lot Size
4,132 sq ft
5,500 sq ft
-1368 (-25%)
$ Per Lot Sq Ft
$59
$25
$34 (137%)

Net Operating Income
$22,865
-$471 (-2%)
Annual Revenue
$32,400
$32,400
$0 (0%)
$8,168
$1,838 (23%)
Net Operating Income
$22,865
-$471 (-2%)
Cap Rate
13.11%
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians

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