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  5. 505 West Melrose Condominiums
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505 West Melrose Condominiums

505 W Melrose Street, Chicago, IL, 60657

YEAR BUILT

1972

# STORIES

5

# TOTAL UNITS

14

UNIT SIZE RANGE

850-950 sqft

Description

The 505 West Melrose Condominiums are situated at 505 W Melrose Street in Chicago. This mid-rise building has 5 stories and contains 14 total units. Constructed in 1972, it features a variety of layouts designed for modern living. Each unit includes 1 bedroom and offers sizes ranging from 850 to 950 square feet. Pricing for the condos lies between $203,600 and $207,500. This translates to an average price per square foot around $230, making it a reasonable choice in the area. The units can attract interest quickly, with an average time on the market of about 21 days. Nearby, residents can enjoy conveniences like Bridget McNeill's Grill & Pub for dining. Also, local amenities include access to bike trails, promoting an active lifestyle. A bike room in the building allows for easy storage of cycling gear. The building's elevator provides accessible entry to all levels, making it suitable for residents of all ages. Living here includes quick access to nearby roads, making travel around Chicago simple. The neighborhood offers a welcoming feel with various local shops and parks. This combination of location and community makes it ideal for anyone seeking a balance of urban life and comfort. The area is near water features, adding a natural element that enhances the appeal of the setting.

Building ImageMLS ID #11711709
Building ImageMLS ID #11135173
Building Image
Building ImageView Listing

505 West Melrose Condominiums

505 W Melrose Street, Chicago, IL, 60657

YEAR BUILT

1972

# STORIES

5

# TOTAL UNITS

14

UNIT SIZE RANGE

850-950 sqft

Description

The 505 West Melrose Condominiums are situated at 505 W Melrose Street in Chicago. This mid-rise building has 5 stories and contains 14 total units. Constructed in 1972, it features a variety of layouts designed for modern living. Each unit includes 1 bedroom and offers sizes ranging from 850 to 950 square feet. Pricing for the condos lies between $203,600 and $207,500. This translates to an average price per square foot around $230, making it a reasonable choice in the area. The units can attract interest quickly, with an average time on the market of about 21 days. Nearby, residents can enjoy conveniences like Bridget McNeill's Grill & Pub for dining. Also, local amenities include access to bike trails, promoting an active lifestyle. A bike room in the building allows for easy storage of cycling gear. The building's elevator provides accessible entry to all levels, making it suitable for residents of all ages. Living here includes quick access to nearby roads, making travel around Chicago simple. The neighborhood offers a welcoming feel with various local shops and parks. This combination of location and community makes it ideal for anyone seeking a balance of urban life and comfort. The area is near water features, adding a natural element that enhances the appeal of the setting.

Next

Description

The 505 West Melrose Condominiums are situated at 505 W Melrose Street in Chicago. This mid-rise building has 5 stories and contains 14 total units. Constructed in 1972, it features a variety of layouts designed for modern living. Each unit includes 1 bedroom and offers sizes ranging from 850 to 950 square feet. Pricing for the condos lies between $203,600 and $207,500. This translates to an average price per square foot around $230, making it a reasonable choice in the area. The units can attract interest quickly, with an average time on the market of about 21 days. Nearby, residents can enjoy conveniences like Bridget McNeill's Grill & Pub for dining. Also, local amenities include access to bike trails, promoting an active lifestyle. A bike room in the building allows for easy storage of cycling gear. The building's elevator provides accessible entry to all levels, making it suitable for residents of all ages. Living here includes quick access to nearby roads, making travel around Chicago simple. The neighborhood offers a welcoming feel with various local shops and parks. This combination of location and community makes it ideal for anyone seeking a balance of urban life and comfort. The area is near water features, adding a natural element that enhances the appeal of the setting.

505 West Melrose Condominiums Market Stats Last 12 months

Avg. Listed Price-
Avg. Sale Price-
Year over year list price0.00%
Year over year sale price 0.00%
Total Listings0 Listed
Total sold0 Sold
Average Days on Market0 days
Average HOA fees per sqft-
Next

Market Stats

Year over year list price0.00%
Year over year sale price0.00%
Total Listings0 Listed
Total sold0 Sold
Average Days on Market0 days
Average HOA fees per sqft-

Glen Gardens Estate Availability & Demand

Unit Availability

-
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

-
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

505 West Melrose Condominiums Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 101101-11992020-12-10
MLS#: 10843054 		Closed$203,600
Unit 507507900111102018-02-09
MLS#: 09783575 		Closed$190,000
Unit 307307-11612008-12-01
MLS#: 07038307 		Closed$207,500
Unit 101
101

1 Beds

1 Baths

0 sqft

DateStatusPrice
2020-12-10Closed$203,600
MLS#: 10843054
Days On Market99
Unit 307
307

1 Beds

1 Baths

0 sqft

DateStatusPrice
2008-12-01Closed$207,500
MLS#: 07038307
Days On Market61
Unit 507
507

1 Beds

1 Baths

900 sqft

DateStatusPrice
2018-02-09Closed$190,000
MLS#: 09783575
Days On Market110
View Complete Unit Listing HistorySource By: MRED

Amenities

Life in a condominium should be convenient, and at 505 West Melrose, comfort is key. Beyond the already convenient location and building features, you’ll find an added appeal in the available amenities. The bike room is a huge plus for cycling enthusiasts or anyone who enjoys Instagram-worthy rides along the lakefront. Plus, it’s great to know that your furry friends are welcome too! Both cats and dogs can call this place home, making it a perfect spot for pet owners looking to settle down.

Next

Amenities Description

Life in a condominium should be convenient, and at 505 West Melrose, comfort is key. Beyond the already convenient location and building features, you’ll find an added appeal in the available amenities. The bike room is a huge plus for cycling enthusiasts or anyone who enjoys Instagram-worthy rides along the lakefront. Plus, it’s great to know that your furry friends are welcome too! Both cats and dogs can call this place home, making it a perfect spot for pet owners looking to settle down.

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Check Icon
Central AC
Central AC
Pool
Pool
Fitness Center
Fitness Center
-
Visitors Parking
Visitors Parking
Next

Amenities

Elevator(s)

Elevator(s)

Security Door Lock(s)

Security Door Lock(s)

Coin Laundry

Coin Laundry

Bike Room/Bike Trails

Bike Room/Bike Trails

Storage

Storage

Policies

As part of fostering a friendly community atmosphere, the policies at 505 West Melrose Condominiums are pretty accommodating! Cats and dogs are welcome here, so you won’t need to part with your beloved pets. And while specific details on rentals aren't provided, the overall vibe suggests a community that appreciates both homeownership and the furry friends that come with it.

Next

Amenities Description

As part of fostering a friendly community atmosphere, the policies at 505 West Melrose Condominiums are pretty accommodating! Cats and dogs are welcome here, so you won’t need to part with your beloved pets. And while specific details on rentals aren't provided, the overall vibe suggests a community that appreciates both homeownership and the furry friends that come with it.

Pet Allowed
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
505 West Melrose Condominiums--
508 W Melrose Street$370/sqft.$4 /sqft.
444 W Belmont Avenue$328/sqft.$3 /sqft.
444 W Belmont Ave$328/sqft.$3 /sqft.
436 W Belmont Avenue$378/sqft.$4 /sqft.
Eddystone Condominiums$237/sqft.$1 /sqft.

Nearby Schools

505 West Melrose Condominiums is located near 33+ schools throughout Chicago. Schools within a 2-mile radius provide dependable access for families. Convenient proximity supports smoother daily routines. This location enhances residential comfort.

Nettelhorst Elementary School

B
Public|Grades PK–8
3252 N Broadway St|0.16 miles away

Inter-American Elementary Magnet School

B+
Public|Grades PK–8
851 W Waveland Ave|0.72 miles away

Bernard Zell Anshe Emet Day School

--
Private|Grades PK–8
3751 N Broadway St|0.77 miles away

Alcott Elementary School

A
Public|Grades KG–8
2625 N Orchard St|0.81 miles away

Hawthorne Elementary Scholastic Academy

A
Public|Grades KG–8
3319 N Clifton Ave|0.81 miles away

Agassiz Elementary School

B-
Public|Grades PK–8
2851 N Seminary Av...|0.85 miles away
Next

Schools

arrow rightWhat to know about schoolsarrow right
Next

Description

505 West Melrose Condominiums is located near 33+ schools throughout Chicago. Schools within a 2-mile radius provide dependable access for families. Convenient proximity supports smoother daily routines. This location enhances residential comfort.

Nettelhorst Elementary School

B
Public|Grades PK–8
3252 N Broadway St|Less than 1 Mile Away

Inter-American Elementary Magnet School

B+
Public|Grades PK–8
851 W Waveland Ave|Less than 1 Mile Away

Bernard Zell Anshe Emet Day School

--
Private|Grades PK–8
3751 N Broadway St|Less than 1 Mile Away

Alcott Elementary School

A
Public|Grades KG–8
2625 N Orchard St|Less than 1 Mile Away

Hawthorne Elementary Scholastic Academy

A
Public|Grades KG–8
3319 N Clifton Ave|Less than 1 Mile Away

Agassiz Elementary School

B-
Public|Grades PK–8
2851 N Seminary Av...|Less than 1 Mile Away

St Clement School

--
Private|Grades PK–8
2524 N Orchard St|Less than 1 Mile Away

Greeley Elementary School

B+
Public|Grades PK–8
832 W Sheridan Rd|Less than 1 Mile Away

Park View Montessori School - Chicago

--
Private|Grades PK–KG
640 W Irving Park ...|Less than 1 Mile Away

Disney Elementary Magnet School

A
Public|Grades PK–8
4140 N Marine Dr|1.13 Miles Away

Lincoln Elementary School

A+
Public|Grades KG–8
615 W Kemper Pl|1.15 Miles Away

Alphonsus Academy & Center for the Arts

--
Private|Grades PK–8
1439 W Wellington ...|1.26 Miles Away

St Luke Academy

--
Private|Grades PK–8
1500 W Belmont Ave|1.28 Miles Away

Blaine Elementary School

A-
Public|Grades PK–8
1420 W Grace St|1.37 Miles Away

Brennemann Elementary School

C
Public|Grades PK–8
4251 N Clarendon A...|1.39 Miles Away

St Mary of the Lake School

--
Private|Grades PK–8
1026 W Buena Ave|1.42 Miles Away

Burley Elementary School

A-
Public|Grades KG–8
1630 W Barry Ave|1.45 Miles Away

Mayer Elementary School

A
Public|Grades PK–8
2250 N Clifton Ave|1.48 Miles Away

St James Lutheran School

--
Private|Grades PK–8
2101 N Fremont St|1.50 Miles Away

Hamilton Elementary School

B+
Public|Grades PK–8
1650 W Cornelia Av...|1.51 Miles Away

Lincoln Park High School

B+
Public|Grades 9–12
2001 N Orchard St|1.50 Miles Away

Cardinal Bernardin Montessori Academy

--
Private|Grades PK–4
1651 W Diversey Pk...|1.59 Miles Away

St Andrew School

--
Private|Grades PK–8
1710 W Addison St|1.60 Miles Away

Prescott Elementary School

A
Public|Grades PK–8
1632 W Wrightwood ...|1.63 Miles Away

St Josaphat School

--
Private|Grades PK–8
2245 N Southport A...|1.62 Miles Away

Lake View High School

C-
Public|Grades 9–12
4015 N Ashland Ave|1.70 Miles Away

Jahn Elementary School

B
Public|Grades KG–8
3149 N Wolcott Ave|1.72 Miles Away

Uplift Community High School

F
Public|Grades 9–12
900 W Wilson Ave|1.80 Miles Away

Yccs-Truman Middle College High School

--
Public|Grades 9–12
1145 W Wilson Ave|1.85 Miles Away

Newberry Elementary Math & Science Academy

B-
Public|Grades PK–8
700 W Willow St|1.86 Miles Away

Courtenay Elementary School

C+
Public|Grades PK–8
4420 N Beacon St|1.86 Miles Away

Lasalle Elementary Language Academy

B+
Public|Grades KG–8
1734 N Orleans St|1.88 Miles Away

German International School Chicago

--
Private|Grades PK–7
1726 W Berteau Ave|1.94 Miles Away

Transit

505 West Melrose Condominiums offers strong public transit access in Lake View, Chicago, with multiple transportation options located within a 2-mile radius. Nearby Bus, Metro allow residents to move efficiently across the city without relying on a car. This transit-oriented location supports daily commuting, errands, and weekend travel. Excellent connectivity adds convenience and long-term livability to the neighborhood.

1700 N Halsted

1.99 miles away|39 min walk

1761 W Diversey

1.73 miles away|34 min walk

1800 W Diversey

1.73 miles away|34 min walk

1900 N Halsted

1.75 miles away|34 min walk

3930 N Clark

1.34 miles away|26 min walk

4225 N Sheridan

1.42 miles away|28 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

505 West Melrose Condominiums offers strong public transit access in Lake View, Chicago, with multiple transportation options located within a 2-mile radius. Nearby Bus, Metro allow residents to move efficiently across the city without relying on a car. This transit-oriented location supports daily commuting, errands, and weekend travel. Excellent connectivity adds convenience and long-term livability to the neighborhood.

1700 N Halsted

1.99 miles away|39 min walk

1761 W Diversey

1.73 miles away|34 min walk

1800 W Diversey

1.73 miles away|34 min walk

1900 N Halsted

1.75 miles away|34 min walk

3930 N Clark

1.34 miles away|26 min walk

4225 N Sheridan

1.42 miles away|28 min walk

4242 N Sheridan

1.43 miles away|28 min walk

4250 N Marine Drive

1.36 miles away|26 min walk

4251 N Marine Drive

1.35 miles away|26 min walk

4646 N Marine Drive

1.8 miles away|35 min walk

Addison & Ashland

1.44 miles away|28 min walk

Addison & Broadway

0.52 miles away|10 min walk

Addison (Brown)

1.73 miles away|34 min walk

Addison-Brown

1.73 miles away|34 min walk

Addison Brown Line Station

1.73 miles away|34 min walk

Addison & Clark

0.85 miles away|17 min walk

Addison & Damen

1.92 miles away|37 min walk

Addison & Fremont

0.66 miles away|13 min walk

Addison & Greenview

1.33 miles away|26 min walk

Addison & Halsted

0.57 miles away|12 min walk

Addison & Lake Shore

0.53 miles away|11 min walk

Addison & Lakewood

1.09 miles away|21 min walk

Addison & Lincoln

1.67 miles away|32 min walk

Addison & Paulina

1.56 miles away|30 min walk

Addison & Pine Grove

0.51 miles away|10 min walk

Addison & Racine

0.96 miles away|19 min walk

Addison (Red)

0.74 miles away|15 min walk

Addison-Red

0.75 miles away|15 min walk

Addison Red Line Station

0.74 miles away|15 min walk

Addison & Southport

1.21 miles away|24 min walk

Addison & Wolcott

1.8 miles away|35 min walk

Armitage

1.66 miles away|32 min walk

Armitage (Brown/Purple)

1.66 miles away|32 min walk

Armitage & Clark

1.58 miles away|31 min walk

Armitage & Cleveland

1.55 miles away|30 min walk

Armitage & Fremont

1.63 miles away|32 min walk

Armitage & Halsted

1.6 miles away|31 min walk

Armitage & Larrabee

1.56 miles away|30 min walk

Armitage & Lincoln/Sedgwick

1.56 miles away|30 min walk

Armitage & Orchard

1.58 miles away|31 min walk

Armitage & Seminary

1.72 miles away|33 min walk

Armitage Station (Brown Line)

1.66 miles away|32 min walk

Ashland & Addison

1.44 miles away|28 min walk

Ashland & Belmont/Lincoln

1.37 miles away|27 min walk

Ashland & Berteau

1.82 miles away|35 min walk

Ashland & Diversey

1.47 miles away|29 min walk

Ashland & Fullerton

1.72 miles away|33 min walk

Ashland & Grace

1.54 miles away|30 min walk

Ashland & Irving Park

1.67 miles away|33 min walk

Ashland & Montrose

1.99 miles away|39 min walk

The Neighbourhood: Lake View

Lake View, located in Cook County, IL, is a vibrant neighborhood known for its lively atmosphere and diverse offerings. The area boasts beautiful parks, including Belmont Harbor, where residents can enjoy lakeside views and outdoor activities. Sports enthusiasts will love the proximity to Wrigley Field, home of the Chicago Cubs. The neighborhood features a wide array of dining options, from casual eateries to fine dining, catering to every palate. Excellent public transportation options, including the CTA Red, Brown, and Purple lines, provide easy access to downtown Chicago and beyond.

Next

Neighbourhood Description

Lake View, located in Cook County, IL, is a vibrant neighborhood known for its lively atmosphere and diverse offerings. The area boasts beautiful parks, including Belmont Harbor, where residents can enjoy lakeside views and outdoor activities. Sports enthusiasts will love the proximity to Wrigley Field, home of the Chicago Cubs. The neighborhood features a wide array of dining options, from casual eateries to fine dining, catering to every palate. Excellent public transportation options, including the CTA Red, Brown, and Purple lines, provide easy access to downtown Chicago and beyond.

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505 West Melrose Condominiums Demographics

Age Demographics

0–14 Years

8.42%

15–29 Years

37.72%

30–44 Years

28.05%

45–59 Years

12.31%

60+ Years

13.5%

Commute

43.94%

Transit

5.62%

Walk

26.19%

Drive

2.61%

Bike

Housing Ownership

31.98%

Owner Occupied

68.02%

Rental Units

Household Types

Single Family
11.24%
Multi Family
1.44%
Single Person
57.95%
Multi Person
42.05%

Average Income

Household:$9,742,157.64 /yr

Individual:$7,982,394.54 /yr

Education

Bachelors Degree48.87%
High School College3.78%
Diploma2.46%
Post Graduate35.33%
Others9.56%
Next

Education

Diploma2.46%
Post Graduate35.33%
Others9.56%
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  3. /
    505 West Melrose Condominiums
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