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  3. Chicago, IL
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  5. 508 W Melrose Street
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508 W Melrose Street

508 W Melrose Street, Chicago, IL, 60657

YEAR BUILT

2005

# STORIES

# TOTAL UNITS

13

UNIT SIZE RANGE

3,441-3,541 sqft

Description

The building at 508 W Melrose Street is situated in the lively Chicago area. This mid-rise structure was completed in 2005. It has 13 units spread over several floors, creating a cozy living environment. The design of the building combines modern flair and practical amenities. Units in this building include 2 and 3-bedroom layouts. Sizes vary from approximately 3,441 to 3,541 square feet. Prices for units range from $1,160,000 to $1,225,000. The average price per square foot is about $370 based on sales from the last year. Homes here spend around 117 days on the market, which gives serious buyers time to explore options. A receiving room, an exercise room, and bike trails enhance the living experience. The building also includes service elevators and a dedicated bike room. Nearby businesses provide local conveniences. Eggsperience Cafe is a spot for breakfast, while Jcc Preschool Chicago Lakeview offers educational opportunities. Aptium Global adds to the community’s lively scene. Living here allows easy access to these amenities and fosters connections among residents. Being in Chicago, residents have quick access to major roads and highways. These routes make commuting and travel straightforward. Nearby parks offer leisure activities, adding to the appeal of this location. Living in this building means enjoying a vibrant urban lifestyle.

Building ImageMLS ID #11834601
Building ImageMLS ID #11774246
Building Image
Building ImageView Listing

508 W Melrose Street

508 W Melrose Street, Chicago, IL, 60657

YEAR BUILT

2005

# STORIES

# TOTAL UNITS

13

UNIT SIZE RANGE

3,441-3,541 sqft

Description

The building at 508 W Melrose Street is situated in the lively Chicago area. This mid-rise structure was completed in 2005. It has 13 units spread over several floors, creating a cozy living environment. The design of the building combines modern flair and practical amenities. Units in this building include 2 and 3-bedroom layouts. Sizes vary from approximately 3,441 to 3,541 square feet. Prices for units range from $1,160,000 to $1,225,000. The average price per square foot is about $370 based on sales from the last year. Homes here spend around 117 days on the market, which gives serious buyers time to explore options. A receiving room, an exercise room, and bike trails enhance the living experience. The building also includes service elevators and a dedicated bike room. Nearby businesses provide local conveniences. Eggsperience Cafe is a spot for breakfast, while Jcc Preschool Chicago Lakeview offers educational opportunities. Aptium Global adds to the community’s lively scene. Living here allows easy access to these amenities and fosters connections among residents. Being in Chicago, residents have quick access to major roads and highways. These routes make commuting and travel straightforward. Nearby parks offer leisure activities, adding to the appeal of this location. Living in this building means enjoying a vibrant urban lifestyle.

Next

Description

The building at 508 W Melrose Street is situated in the lively Chicago area. This mid-rise structure was completed in 2005. It has 13 units spread over several floors, creating a cozy living environment. The design of the building combines modern flair and practical amenities. Units in this building include 2 and 3-bedroom layouts. Sizes vary from approximately 3,441 to 3,541 square feet. Prices for units range from $1,160,000 to $1,225,000. The average price per square foot is about $370 based on sales from the last year. Homes here spend around 117 days on the market, which gives serious buyers time to explore options. A receiving room, an exercise room, and bike trails enhance the living experience. The building also includes service elevators and a dedicated bike room. Nearby businesses provide local conveniences. Eggsperience Cafe is a spot for breakfast, while Jcc Preschool Chicago Lakeview offers educational opportunities. Aptium Global adds to the community’s lively scene. Living here allows easy access to these amenities and fosters connections among residents. Being in Chicago, residents have quick access to major roads and highways. These routes make commuting and travel straightforward. Nearby parks offer leisure activities, adding to the appeal of this location. Living in this building means enjoying a vibrant urban lifestyle.

508 W Melrose Street Market Stats Last 12 months

Avg. Listed Price$674,900($384/Sqft.)
Avg. Sale Price$650,000($370/Sqft.)
Year over year list priceDown Arrow0.01%
Year over year sale priceUp Arrow 0.01%
Total Listings1 Listed
Total sold1 Sold
Average Days on Market117 days
Average HOA fees per sqft$4 /monthly
Next

Market Stats

Year over year list priceDown Arrow0.01%
Year over year sale priceUp Arrow0.01%
Total Listings1 Listed
Total sold1 Sold
Average Days on Market117 days
Average HOA fees per sqft$4 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

Low
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

Medium
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

508 W Melrose Street Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 4A4A150022762023-08-17
MLS#: 11774246 		Closed$700,000
Unit PH-EPH-E3491341602020-12-28
MLS#: 10747894 		Closed$1,225,000
Unit PH-EPH-E3491341012011-05-26
MLS#: 07731518 		Closed$1,160,000
Unit 4A
4A

2 Beds

2 Baths

1500 sqft

DateStatusPrice
2023-08-17Closed$700,000
MLS#: 11774246
Days On Market76
Unit PH-E
PH-E

3 Beds

4 Baths

3491 sqft

DateStatusPrice
2020-12-28Closed$1,225,000
MLS#: 10747894
Days On Market160
Unit PH-E
PH-E

3 Beds

4 Baths

3491 sqft

DateStatusPrice
2011-05-26Closed$1,160,000
MLS#: 07731518
Days On Market101
View Complete Unit Listing HistorySource By: MRED

Amenities

Getting the most out of condo living means enjoying great amenities, and 508 W Melrose does not disappoint. Fitness enthusiasts will appreciate the exercise room for keeping in shape without having to step outside. Need to head up and down? The building has elevators for your convenience, including a service elevator for any moving day needs. For those who love biking, a bike room and access to nearby trails await. Lastly, the receiving room ensures packages are safely dropped off, adding to that community feel.

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Amenities Description

Getting the most out of condo living means enjoying great amenities, and 508 W Melrose does not disappoint. Fitness enthusiasts will appreciate the exercise room for keeping in shape without having to step outside. Need to head up and down? The building has elevators for your convenience, including a service elevator for any moving day needs. For those who love biking, a bike room and access to nearby trails await. Lastly, the receiving room ensures packages are safely dropped off, adding to that community feel.

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

Amenities

Elevator(s)

Elevator(s)

Exercise Room

Exercise Room

Security Door Lock(s)

Security Door Lock(s)

Patio

Patio

Receiving Room

Receiving Room

Bike Room/Bike Trails

Bike Room/Bike Trails

Storage

Storage

Service Elevator(s)

Service Elevator(s)

Balcony

Balcony

Policies

Let’s talk about what it’s like to live at 508 W Melrose in terms of policies. If you’re bringing furry friends along, you’ll be glad to know that both cats and dogs are allowed, though check on any number or size limits for your pets. It’s great to know that your fur babies can enjoy city life with you!

Pet Allowed
Check
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)
508 W Melrose Street$370/sqft.$4 /sqft.
525 W Aldine Ave$332/sqft.$3 /sqft.
Aldine Harbor$378/sqft.$2 /sqft.
545 W Aldine Ave$234/sqft.$3 /sqft.
415 West Aldine Condominiums$177/sqft.$2 /sqft.
415 N Aldine Ave$170/sqft.$2 /sqft.

Nearby Schools

Discover top-rated schools located close to 508 W Melrose Street.

Nettelhorst Elementary School

B
Public|Grades PK–8
3252 N Broadway St|0.19 miles away

Inter-American Elementary Magnet School

B+
Public|Grades PK–8
851 W Waveland Ave|0.91 miles away

Bernard Zell Anshe Emet Day School

--
Private|Grades PK–8
3751 N Broadway St|0.97 miles away

Hawthorne Elementary Scholastic Academy

A
Public|Grades KG–8
3319 N Clifton Ave|1.06 miles away

Alcott Elementary School

A
Public|Grades KG–8
2625 N Orchard St|1.14 miles away

Agassiz Elementary School

B-
Public|Grades PK–8
2851 N Seminary Av...|1.16 miles away
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Schools

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

Hawthorne Elementary Scholastic Academy

A
Public|Grades KG–8
3319 N Clifton Ave|1.06 Miles Away

Alcott Elementary School

A
Public|Grades KG–8
2625 N Orchard St|1.14 Miles Away

Agassiz Elementary School

B-
Public|Grades PK–8
2851 N Seminary Av...|1.16 Miles Away

Greeley Elementary School

B+
Public|Grades PK–8
832 W Sheridan Rd|1.22 Miles Away

St Clement School

--
Private|Grades PK–8
2524 N Orchard St|1.25 Miles Away

Park View Montessori School - Chicago

--
Private|Grades PK–KG
640 W Irving Park ...|1.29 Miles Away

Disney Elementary Magnet School

A
Public|Grades PK–8
4140 N Marine Dr|1.46 Miles Away

Lincoln Elementary School

A+
Public|Grades KG–8
615 W Kemper Pl|1.60 Miles Away

Alphonsus Academy & Center for the Arts

--
Private|Grades PK–8
1439 W Wellington ...|1.68 Miles Away

St Luke Academy

--
Private|Grades PK–8
1500 W Belmont Ave|1.70 Miles Away

Blaine Elementary School

A-
Public|Grades PK–8
1420 W Grace St|1.80 Miles Away

Brennemann Elementary School

C
Public|Grades PK–8
4251 N Clarendon A...|1.81 Miles Away

St Mary of the Lake School

--
Private|Grades PK–8
1026 W Buena Ave|1.86 Miles Away

Burley Elementary School

A-
Public|Grades KG–8
1630 W Barry Ave|1.93 Miles Away

Hamilton Elementary School

B+
Public|Grades PK–8
1650 W Cornelia Av...|1.99 Miles Away

Mayer Elementary School

A
Public|Grades PK–8
2250 N Clifton Ave|2.03 Miles Away

St James Lutheran School

--
Private|Grades PK–8
2101 N Fremont St|2.07 Miles Away

Lincoln Park High School

B+
Public|Grades 9–12
2001 N Orchard St|2.08 Miles Away

St Andrew School

--
Private|Grades PK–8
1710 W Addison St|2.11 Miles Away

Cardinal Bernardin Montessori Academy

--
Private|Grades PK–4
1651 W Diversey Pk...|2.14 Miles Away

Prescott Elementary School

A
Public|Grades PK–8
1632 W Wrightwood ...|2.19 Miles Away

St Josaphat School

--
Private|Grades PK–8
2245 N Southport A...|2.21 Miles Away

Lake View High School

C-
Public|Grades 9–12
4015 N Ashland Ave|2.24 Miles Away

Jahn Elementary School

B
Public|Grades KG–8
3149 N Wolcott Ave|2.29 Miles Away

Uplift Community High School

F
Public|Grades 9–12
900 W Wilson Ave|2.37 Miles Away

Yccs-Truman Middle College High School

--
Public|Grades 9–12
1145 W Wilson Ave|2.43 Miles Away

Courtenay Elementary School

C+
Public|Grades PK–8
4420 N Beacon St|2.45 Miles Away

Newberry Elementary Math & Science Academy

B-
Public|Grades PK–8
700 W Willow St|2.55 Miles Away

German International School Chicago

--
Private|Grades PK–7
1726 W Berteau Ave|2.56 Miles Away

Lasalle Elementary Language Academy

B+
Public|Grades KG–8
1734 N Orleans St|2.59 Miles Away

Transit

Experience convenience and connectivity with premium transit options just moments away.

Addison & Pine Grove

0.63 miles away|13 min walk

Addison & Broadway

0.64 miles away|13 min walk

Addison & Lake Shore

0.66 miles away|13 min walk

Addison & Halsted

0.72 miles away|14 min walk

Addison & Fremont

0.84 miles away|17 min walk

Addison Red Line Station

0.95 miles away|19 min walk
Next

Transit

Addison & Pine Grove

0.63 miles away|13 min walk

Addison & Broadway

0.64 miles away|13 min walk

Addison & Lake Shore

0.66 miles away|13 min walk

Addison & Halsted

0.72 miles away|14 min walk

Addison & Fremont

0.84 miles away|17 min walk

Addison Red Line Station

0.95 miles away|19 min walk

Addison (Red)

0.95 miles away|19 min walk

Addison-Red

0.96 miles away|19 min walk

Addison & Clark

1.1 miles away|21 min walk

Addison & Racine

1.25 miles away|24 min walk

Addison & Lakewood

1.43 miles away|28 min walk

Addison & Southport

1.58 miles away|31 min walk

Addison & Greenview

1.74 miles away|34 min walk

3930 N Clark

1.75 miles away|34 min walk

4251 N Marine Drive

1.76 miles away|34 min walk

4250 N Marine Drive

1.77 miles away|34 min walk

Ashland & Belmont/Lincoln

1.82 miles away|35 min walk

4225 N Sheridan

1.85 miles away|36 min walk

4242 N Sheridan

1.87 miles away|36 min walk

Addison & Ashland

1.9 miles away|37 min walk

Ashland & Addison

1.9 miles away|37 min walk

Ashland & Diversey

1.97 miles away|38 min walk

Ashland & Grace

2.02 miles away|39 min walk

Addison & Paulina

2.06 miles away|40 min walk

Armitage & Cleveland

2.15 miles away|42 min walk

Armitage & Larrabee

2.16 miles away|42 min walk

Armitage & Lincoln/Sedgwick

2.16 miles away|42 min walk

Armitage & Orchard

2.18 miles away|42 min walk

Armitage & Clark

2.18 miles away|42 min walk

Ashland & Irving Park

2.2 miles away|43 min walk

Armitage & Halsted

2.2 miles away|43 min walk

Addison & Lincoln

2.21 miles away|43 min walk

Armitage & Fremont

2.24 miles away|43 min walk

Armitage Station (Brown Line)

2.28 miles away|44 min walk

Armitage

2.28 miles away|44 min walk

Armitage (Brown/Purple)

2.28 miles away|44 min walk

Addison Brown Line Station

2.29 miles away|44 min walk

Addison (Brown)

2.3 miles away|44 min walk

Addison-Brown

2.3 miles away|44 min walk

1800 W Diversey

2.32 miles away|45 min walk

1761 W Diversey

2.32 miles away|45 min walk

Ashland & Fullerton

2.33 miles away|45 min walk

Armitage & Seminary

2.36 miles away|46 min walk

4646 N Marine Drive

2.37 miles away|46 min walk

Addison & Wolcott

2.38 miles away|46 min walk

Ashland & Berteau

2.39 miles away|46 min walk

1900 N Halsted

2.4 miles away|47 min walk

Addison & Damen

2.55 miles away|49 min walk

Ashland & Montrose

2.62 miles away|51 min walk

856 W Lawrence

2.68 miles away|52 min walk

The Neighbourhood: 508 W Melrose Street

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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508 W Melrose Street Demographics

Age Demographics

0–14 Years

8.45%

15–29 Years

37.5%

30–44 Years

28.21%

45–59 Years

12.34%

60+ Years

13.49%

Commute

43.93%

Transit

5.59%

Walk

26.2%

Drive

2.59%

Bike

Housing Ownership

32.11%

Owner Occupied

67.89%

Rental Units

Household Types

Single Family
11.23%
Multi Family
1.44%
Single Person
57.89%
Multi Person
42.11%

Average Income

Household:$9,708,264.83 /yr

Individual:$7,933,844.6 /yr

Education

Bachelors Degree48.81%
High School College3.81%
Diploma2.5%
Post Graduate35.2%
Others9.69%
Next

Education

Diploma2.5%
Post Graduate35.2%
Others9.69%
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  3. /
    508 W Melrose Street
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