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Detached Single · Chicago, IL
$568,000
5 beds · 3 baths · 2,500 sqft
5438 W Melrose Street, Chicago, IL, 60641
A brick-and-mortar place to make your own — room to make it home.
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What’s special

Central air2-car garageIn-unit laundry
Incredible opportunity to own a spacious bungalow in the heart of the highly desirable Portage Park neighborhood! 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!
— the listing agent’s description

The home

5 beds
3 baths
2,500 sqft
Built in 1924
Lot 4125
2-car garage
Detached Single
Prairie

What it’ll cost

$227 / sqft
$4,194 taxes / yr
No HOA
7 days on dwello

Estimated monthly payment

$3,536/mo
Principal & interest$3,020
Property taxes$350
Homeowners insurance$166
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WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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7 days on dwello
Price history
Listed for sale
Jul 20, 2026
$568,000
Earlier records
Listed
Jun 10, 2026
$658,000
Listed
May 20, 2026
$689,000
From MLS records — independently verify.
Property taxes
2025
Annual tax bill (MLS)
$4,194/yr
Assessed value
2025
County assessor
$39,001~$390,010 mkt
2024
$39,001~$390,010 mkt
2023
$34,001~$340,010 mkt
2022
$34,001~$340,010 mkt
2021
$34,001~$340,010 mkt
2020
$25,237~$252,370 mkt
2019
$28,357~$283,570 mkt
2018
$28,357~$283,570 mkt
Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.

Features

Central AirNatural GasForced AirBrickPublic SewerGarage Door OpenerGarage

Schools nearby

Mid-America Beauty School · 0.1 mi
Saint Ladislaus School · 0.2 mi
Peter A. Reinberg Elementary School · 0.3 mi
Portage Park Day Nursery · 0.5 mi
Marvin Camras Children's Engineering Elementary School · 0.5 mi
This listing didn’t include assigned schools, so these are the closest schools (OpenStreetMap) — not necessarily the attendance-zoned schools. Confirm assignment with the district.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by David Jaracz · Savvy Properties Inc
Listing last updated Jul 26, 2026 · data refreshed from the MLS Jul 26, 2026, 5:09 AM CT
Based on information submitted to the MLS GRID as of Jul 26, 2026, 5:09 AM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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