551 W Melrose Ave

725 W Sheridan Rd, Chicago, IL

725 W Sheridan Rd

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551 W Melrose Ave Demographics

Age Demographics

0–14 Years

8.6%

15–29 Years

37.6%

30–44 Years

28.17%

45–59 Years

12.33%

60+ Years

13.3%

Commute

43.7%

Transit

5.56%

Walk

26.36%

Drive

2.56%

Bike

Housing Ownership

32.28%

Owner Occupied

67.72%

Rental Units

Household Types

Single Family

11.52%

Multi Family

1.49%

Single Person

57.37%

Multi Person

42.63%

Average Income

Household:$9,956,567.99 /yr

Individual:$8,012,913.9 /yr

Education

Bachelors Degree48.9%

High School College3.79%

Diploma2.46%

Post Graduate35.24%

Others9.61%

Education

Diploma2.46%

Post Graduate35.24%

Others9.61%

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551 W Melrose Ave

551 W Melrose Ave, Chicago, IL, 60657

YEAR BUILT

1920

# STORIES

# TOTAL UNITS

UNIT SIZE RANGE

1,150-1,600 sqft

551 W Melrose Ave

551 W Melrose Ave, Chicago, IL, 60657

YEAR BUILT

1920

# STORIES

# TOTAL UNITS

UNIT SIZE RANGE

1,150-1,600 sqft

551 W Melrose Ave Key Stats Last 12 months

Avg. Listed Price$509,000($319/Sqft.)

Avg. Sale Price$492,000($308/Sqft.)

Year over year list price

2.00%

Year over year sale price

0.41%

Total Listings1 Listed

Total sold1 Sold

Average Days on Market43 days

Average HOA fees per sqft$4 /monthly

Key Stats

Year over year list price

2.00%

Year over year sale price

0.41%

Total Listings1 Listed

Total sold1 Sold

Average Days on Market43 days

Average HOA fees per sqft$4 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

High availability buildings list units frequently.

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

551 W Melrose Ave Inventory & Sale History

Unit	Size (sqft)	Beds	Baths	Days On Market	Date	Status	Price
1E	1600	2	2	43	2025-07-16 MLS#: 12382704	Closed	$492,000
1E	1600	2	2	63	2024-03-04 MLS#: 11953533	Closed	$490,000
3	1350	2	1	4	2023-09-18 MLS#: 11854050	Closed	$375,000

2 Beds

2 Baths

1600 sqft

Date	Status	Price
2025-07-16	Closed	$492,000

MLS#: 12382704

Days On Market43

2 Beds

2 Baths

1600 sqft

Date	Status	Price
2024-03-04	Closed	$490,000

MLS#: 11953533

Days On Market63

2 Beds

1 Baths

1350 sqft

Date	Status	Price
2023-09-18	Closed	$375,000

MLS#: 11854050

Days On Market4

View Complete Unit Listing HistorySource By: MRED

Amenities

Parking

Locker

Concierge

Elevator(s)

Central AC

Pool

Fitness Center

Visitors Parking

Amenities

Security Door Lock(s)

Laundry

Coin Laundry

Private Laundry Hkup

Bike Room/Bike Trails

Storage

Policies

Pet Allowed

BBQ Permitted

Sublet 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 Name	Avg price per square foot	AVG HOA FEE per square foot (Monthly)
No nearby building(s) data available.

Nearby Schools

551 W Melrose Ave is located near 36+ 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

Public|Grades PK–8

3252 N Broadway St|0.07 miles away

Inter-American Elementary Magnet School

B+

Public|Grades PK–8

851 W Waveland Ave|0.65 miles away

Hawthorne Elementary Scholastic Academy

Public|Grades KG–8

3319 N Clifton Ave|0.72 miles away

Bernard Zell Anshe Emet Day School

Private|Grades PK–8

3751 N Broadway St|0.72 miles away

Agassiz Elementary School

B-

Public|Grades PK–8

2851 N Seminary Av...|0.78 miles away

Alcott Elementary School

Public|Grades KG–8

2625 N Orchard St|0.8 miles away

Schools

What to know about schools

Description

Nettelhorst Elementary School

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

Hawthorne Elementary Scholastic Academy

Public|Grades KG–8

3319 N Clifton 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

Agassiz Elementary School

B-

Public|Grades PK–8

2851 N Seminary Av...|Less than 1 Mile Away

Alcott Elementary School

Public|Grades KG–8

2625 N Orchard St|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

Public|Grades PK–8

4140 N Marine Dr|1.10 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 ...|1.17 Miles Away

St Luke Academy

Private|Grades PK–8

1500 W Belmont Ave|1.18 Miles Away

Blaine Elementary School

A-

Public|Grades PK–8

1420 W Grace St|1.29 Miles Away

Burley Elementary School

A-

Public|Grades KG–8

1630 W Barry Ave|1.35 Miles Away

Brennemann Elementary School

Public|Grades PK–8

4251 N Clarendon A...|1.35 Miles Away

St Mary of the Lake School

Private|Grades PK–8

1026 W Buena Ave|1.37 Miles Away

Hamilton Elementary School

B+

Public|Grades PK–8

1650 W Cornelia Av...|1.41 Miles Away

Mayer Elementary School

Public|Grades PK–8

2250 N Clifton Ave|1.44 Miles Away

St James Lutheran School

Private|Grades PK–8

2101 N Fremont St|1.48 Miles Away

St Andrew School

Private|Grades PK–8

1710 W Addison St|1.50 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...|1.51 Miles Away

Prescott Elementary School

Public|Grades PK–8

1632 W Wrightwood ...|1.55 Miles Away

St Josaphat School

Private|Grades PK–8

2245 N Southport A...|1.57 Miles Away

Lake View High School

C-

Public|Grades 9–12

4015 N Ashland Ave|1.62 Miles Away

Jahn Elementary School

Public|Grades KG–8

3149 N Wolcott Ave|1.63 Miles Away

Uplift Community High School

Public|Grades 9–12

900 W Wilson Ave|1.77 Miles Away

Yccs-Truman Middle College High School

Public|Grades 9–12

1145 W Wilson Ave|1.80 Miles Away

Courtenay Elementary School

C+

Public|Grades PK–8

4420 N Beacon St|1.80 Miles Away

Newberry Elementary Math & Science Academy

B-

Public|Grades PK–8

700 W Willow St|1.85 Miles Away

German International School Chicago

Private|Grades PK–7

1726 W Berteau Ave|1.86 Miles Away

Lasalle Elementary Language Academy

B+

Public|Grades KG–8

1734 N Orleans St|1.90 Miles Away

Alcott College Preparatory

B+

Public|Grades 9–12

2957 N Hoyne Ave|1.92 Miles Away

Audubon Elementary School

B-

Public|Grades PK–8

3500 N Hoyne Ave|1.97 Miles Away

Ravenswood Elementary School

A-

Public|Grades PK–8

4332 N Paulina St|1.98 Miles Away

Transit

551 W Melrose Ave benefits from a network of nearby public transportation options within a 2-mile radius. Access to Bus, Metro ensures convenient travel to employment hubs and local destinations. Strong transit connectivity reduces travel time and improves daily convenience. A transit-friendly location adds value for residents and visitors alike.

1700 N Halsted

1.98 miles away|39 min walk

1761 W Diversey

1.64 miles away|32 min walk

1800 W Diversey

1.64 miles away|32 min walk

1900 N Halsted

1.74 miles away|34 min walk

3930 N Clark

1.26 miles away|25 min walk

4225 N Sheridan

1.37 miles away|27 min walk

Transit

What to know about transit

Description

1700 N Halsted

1.98 miles away|39 min walk

1761 W Diversey

1.64 miles away|32 min walk

1800 W Diversey

1.64 miles away|32 min walk

1900 N Halsted

1.74 miles away|34 min walk

3930 N Clark

1.26 miles away|25 min walk

4225 N Sheridan

1.37 miles away|27 min walk

4242 N Sheridan

1.38 miles away|27 min walk

4250 N Marine Drive

1.33 miles away|26 min walk

4251 N Marine Drive

1.33 miles away|26 min walk

4646 N Marine Drive

1.78 miles away|35 min walk

856 W Lawrence

2 miles away|39 min walk

Addison & Ashland

1.35 miles away|26 min walk

Addison & Broadway

0.47 miles away|9 min walk

Addison (Brown)

Metro

1.64 miles away|32 min walk

Addison-Brown

Metro

1.64 miles away|32 min walk

Addison Brown Line Station

1.64 miles away|32 min walk

Addison & Clark

0.76 miles away|15 min walk

Addison & Damen

1.83 miles away|35 min walk

Addison & Fremont

0.59 miles away|12 min walk

Addison & Greenview

1.23 miles away|24 min walk

Addison & Halsted

0.51 miles away|10 min walk

Addison & Hoyne

1.95 miles away|38 min walk

Addison & Lake Shore

0.52 miles away|10 min walk

Addison & Lakewood

1 miles away|20 min walk

Addison & Lincoln

1.57 miles away|31 min walk

Addison & Paulina

1.47 miles away|29 min walk

Addison & Pine Grove

0.48 miles away|10 min walk

Addison & Racine

0.87 miles away|17 min walk

Addison (Red)

Metro

0.67 miles away|13 min walk

Addison-Red

Metro

0.67 miles away|13 min walk

Addison Red Line Station

0.66 miles away|13 min walk

Addison & Southport

1.12 miles away|22 min walk

Addison & Wolcott

1.71 miles away|33 min walk

Armitage

Metro

1.64 miles away|32 min walk

Armitage (Brown/Purple)

Metro

1.64 miles away|32 min walk

Armitage & Clark

1.6 miles away|31 min walk

Armitage & Cleveland

1.57 miles away|31 min walk

Armitage & Fremont

1.61 miles away|31 min walk

Armitage & Halsted

1.59 miles away|31 min walk

Armitage & Larrabee

1.57 miles away|31 min walk

Armitage & Lincoln/Sedgwick

1.58 miles away|31 min walk

Armitage & Orchard

1.57 miles away|31 min walk

Armitage & Seminary

1.69 miles away|33 min walk

Armitage Station (Brown Line)

1.64 miles away|32 min walk

Ashland & Addison

1.35 miles away|26 min walk

Ashland & Belmont/Lincoln

1.27 miles away|25 min walk

Ashland & Berteau

1.74 miles away|34 min walk

Ashland & Diversey

1.38 miles away|27 min walk

Ashland & Elston

1.97 miles away|38 min walk

Ashland & Fullerton

1.65 miles away|32 min walk

The Neighbourhood: Lake View

Neighbourhood Description

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725 W Sheridan Rd, Chicago, IL

725 W Sheridan Rd