For sale Home

Listed Oct 13, 2026

$559,900 Est. $3,703/mo

5438 West Melrose Street

  • 5

    Beds

  • 3

    Baths

  • 2,500

    Sq ft

The story

  • Basement

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!

Facts & features

Home type

Home

Year built

1924

Price per sq ft

$224

Parking

2-car garage

Included features

  • Fireplace

    1 fireplace

  • Basement

    Yes

  • Cooling

    Central Air

  • Heating

    Gas, Forced Air

  • Appliances

    Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Humidifier

  • Flooring

    Hardwood

  • Water Source

    Lake Michigan

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$3,703 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $2,980
  • Property tax $560
  • Insurance $163

Includes principal, interest, taxes & insurance.

Your Property Journey

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Listing Broker

Savvy Properties Inc

Broker Name

Savvy Properties Inc

Agent

David Jaracz