This property
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Similar homes for sale
$256,050
$256,050
Recently sold homes
$239,150
$239,150
4940 W Melrose St, Chicago IL 60641
1 ba 1,304 sqft Single-Family Home|
Most recent sale Sep 15th, 2006 |
Description provided by Trulia.
Description provided by Realty Trac.
Listing Details
| Full bathrooms | 1 |
| Year built | 1924 |
| ZIP code | 60641 |
| Neighborhood | Portage Park |
Public Records
| Street # | 4940 |
| Street | W Melrose St |
| City | Chicago |
| ZIP code | 60641 |
| Baths | 1.0 |
| Year built | 1924 |
| Sqft | 1,304 sqft |
| Lot Size | 0.08 acres |
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 09/15/2006 | Sold | $332,000 | Public record |
| 02/09/1998 | Sold | $137,000 | Public record |
| 09/03/1997 | Sold | $102,500 | Public record |
Street view
Similar homes for sale
Average listing price is $256,050
Recently sold homes
Average sales price is $239,150
5225 W George St, Chicago IL
Sold for $245,000 on 05/19/09
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0.16 mi
Elementary
Middle
High
| SCHOOL NAME | SCHOOL TYPE | PARENT RATING | DISTANCE (mi) | TEST RATING |
|---|---|---|---|---|
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Falconer Elementary School
Chicago Public School District 299 |
Public | 0.32 | ||
| I think the school is okay,im sure there are things to be improved but my son had a hard time in first grade but since working with the school counselor… | ||||
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Midwestern Christian Academy
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Private | 0.37 | ||
| The academic and discipline of the school has really decreased over the years. There is a lot of bullying in almost all grade levels and the administration… | ||||
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St Ladislaus School
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Catholic | 0.44 | ||
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St Bartholomew School
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Catholic | 0.47 | ||
| What a wonderful school! From the Montessori Pre-K on up, the students are consistently challenged by a well-trained, caring faculty. Not only have my… | ||||
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Chicago Christian Academy
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Private | 0.67 | ||
| Very dissapointed. Promote to be so much more then is actually given to students and parents enrolled. | ||||
View all schools in:
Chicago Public School District 299
Proximity to this address does not guarantee enrollment eligibility. Please contact a local real estate pro for more info
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Open house times for:4940 W Melrose St, Chicago IL 60641 |
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Advice & Opinions
Recent Q&A in Portage Park, Chicago, IL
| Communities near 4940 W Melrose St, Chicago | ||||||||||||||
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This is a Single-Family Home located at 4940 W Melrose St, Chicago IL, 60641. 4940 W Melrose St has has 1 bath and approximately 1,304 square feet. The property has a lot size of 3,500 square feet and was built in 1924. 4940 W Melrose St is in the Portage Park neighborhood in Chicago and in ZIP Code 60641. The average listing price for similar homes for sale is $256,050 and the average sales price for similar recently sold homes is $239,150. The average sale price for Portage Park sold homes is $240,240. The average sale price for 60641 sold homes is $224,323. The average sale price for Chicago sold homes is $277,543.
School information provided by OnBoard Informatics Copyright (c) 2008. Information is deemed reliable but not guaranteed.
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Pre-Foreclosure (Notice of Default or Lis Pendens)
The foreclosure process begins when a borrower/owner defaults on loan payments and the lender files a public default notice, called a Notice of Default or Lis Pendens. Buying a property in pre-foreclosure involves approaching the borrower/owner and offering to buy the property outright. Auction (Notice of Trustee Sale or Notice of Foreclosure Sale) If the loan is not reinstated by the end of the pre-foreclosure period, potential buyers can bid on the property at a public auction. Buyers often are required to pay in cash at the auction and may not have much time to research the title and condition of the property beforehand; however, a public auction often offers some of the best bargains and avoids the unpredictability of dealing directly with the borrower/owner. Bank-owned (Real Estate Owned) If the lender takes ownership of the property, either through an agreement with the owner during pre-foreclosure or at the public auction, the lender will usually want to re-sell the property to recover the unpaid loan amount. The lender will then typically clear the title and perform needed maintenance and repair; however, the potential bargain for these REO homes is typically less than a pre-foreclosure or auction property. |
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Home price comparisons are relative to similar homes on Trulia (a close match to the home you're looking at based on how close it is, property type, size, number of bedrooms and bathrooms). Home buyers should note that property value estimates are affected by many factors and should only be used as a guide. Factors affecting home values include things like:
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A similar home is a close match to the home you're looking at based on property type, number of bedrooms and bathrooms, property age, and of course how close it is. Comparing similar homes (either for sale or sold) with the home you're looking at can help you establish a context for the listing price. Simply put, it's price comparison for houses!
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