505 W Melrose St

505 W Melrose, Chicago, IL, 60657

Description

The building at 505 W Melrose St is located in the East Lakeview neighborhood of Chicago. This mid-rise structure has 5 stories and houses 13 units. Built in 1972, it combines practical design with modern conveniences. The available units have one bedroom and range in size from 425 to 900 square feet. Prices for these units fall between $203,600 and $207,500. This gives a price of about $230 to $246 per square foot, which is reasonable for the area. On average, properties in this building stay on the market for a good amount of time. Living here is made comfortable with various amenities. Residents can enjoy elevators for easy access to units and a bike room for cycling enthusiasts. There are also laundry facilities, making everyday tasks simple. Low monthly assessments help keep overall costs manageable. Pets are welcome here, though there are weight limits. Short-term rentals are allowed, adding to the building's appeal for potential investors. Many units have nice features like freshly painted walls, large closets, and modern kitchens with stainless steel appliances. This location is just steps from the lakefront, giving easy access to outdoor activities. Public transit is nearby, including the El and express buses. Local restaurants, grocery stores, and nightlife spots, like Bridget McNeill's Grill & Pub, create a vibrant community atmosphere. Overall, this building provides a blend of comfort and convenience in a lively neighborhood. It suits those looking for an active lifestyle with great local amenities close by.