461 W Melrose Street

Chicago, IL
$ 2,100,000 Beds 6 Baths 4 Sq 5,246 Virtual Tour
Monthly Estimate* How much can I afford?

Behind a classic Chicago facade, this contemporary four-level home in East Lakeview offers spacious living and thoughtful updates throughout. Renovated in 2020, this home includes all newer mechanicals, windows, designer lighting, and an elevator that connects every level, from the finished English basement to the 3rd level. The main level features a large living and dining area that flows into an open family room and a newer chef's kitchen (2020) with custom cabinetry, premium appliances, a professional-grade hood, a pantry, and a striking marble island. Ceiling heights in the kitchen reach nearly 20 feet, adding to the sense of space and volume. With six spacious above-grade bedrooms, this home offers tremendous flexibility to accommodate a variety of needs-whether you're looking for extra space for guests, multiple home offices, a yoga room, hobby space, or simply room to grow. The primary suite includes a walk-in closet, access to a private deck, and a luxurious full bath. The finished lower level has high ceilings and flexible space for a rec room, gym, or home theater. Other features include zoned HVAC and custom closets. Outside, enjoy an oversized, fully fenced backyard -- an uncommon find in the city -- ideal for entertaining, gardening, or play. Multiple decks provide additional outdoor living options. There is also parking for up to four cars. Located just half a block from Lake Shore Drive and Belmont Harbor, this home benefits from RM6 zoning, offering the possibility of future development potential in one of Chicago's most desirable neighborhoods. Enjoy easy access to public transportation, including express buses to downtown, the lakefront path, Belmont Harbor, and vibrant shopping and dining along Broadway.

Active

  • Price
  • $ 2,100,000
  • City
  • Chicago
  • Bedrooms
  • 6
  • Full Bathrooms
  • 3
  • County
  • COOK
  • Half Bathrooms
  • 2
  • Area
  • CHI - Lake View
  • Lot Size
  • Zip
  • 60657
  • Sqr Footage
  • 5,246
  • Year Built
  • 1907
  • Taxes
  • $ 33886
  • Style
  • MLS#
  • 12594841
Listed By: Engel & Voelkers Chicago
Data Source: Midwest Real Estate Data (MRED)

Features

General

Living Area 5246
Sewer Public Sewer
Heating Natural Gas,Forced Air,Zoned,Radiant Floor
Cooling Central Air,Zoned
Possession Closing,Negotiable
Appliances Double Oven,Range,Microwave,Dishwasher,High End Refrigerator,Bar Fridge,Washer,Dryer,Stainless Steel Appliance(s),Wine Refrigerator,Cooktop,Oven,Range Hood,Humidifier
Association Fee Includes None
Construction Materials Brick
Year Built 1907
Township Lake View
Tax Year 2024
Ownership Fee Simple
Community Features Sidewalks,Street Lights
Assoc Fee Paid Per Not Applicable
County Cook
New Construction No
Property Type Residential
Contingency House to Sell (48 Hr Kickout)
Total Rooms 11
Full Baths 3
Status Active
Directions Inner Lake Shore Drive to Melrose (3232 north). Go one way west to the house. Park in front.
High School Lake View High School
City Chicago
High School District 299
MLS Area CHI - Lake View
Elementary School Nettelhorst Elementary School
Tax Annual Amount 33886.32
Middle/Junior High School Nettelhorst Elementary School
Virtual Tour https://kuula.co/share/collection/7M9nN?logo=1&info=0&logosize=118&fs=1&vr=1&sd=1&thumbs=3
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
Property Type Detached Single

Interior Features

Interior Amenities Elevator,Built-in Features,Walk-In Closet(s)
Basement Finished,Exterior Entry,Rec/Family Area,Storage Space,Full,Daylight
Flooring Hardwood
Total Fireplaces 3
Fireplace Features Electric
Half Baths 2
Laundry Features Laundry Closet
Total Bedrooms 6
Room Type Bedroom 5,Bedroom 6,Recreation Room,Storage
LivingAreaSource Estimated
Total Baths 5
Bedrooms Possible 6
Bathroom Steam Shower

Exterior Features

Exterior Amenities Lighting
Parking Features Concrete,Driveway,Oversized,Yes,Owned
Water Source Lake Michigan,Public
Total Parking 4
Lot Dimensions 3818
Waterfront Y/N No
Other Equipment TV-Cable,Security System,CO Detectors,Sump Pump,Security Cameras,Water Heater-Gas

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Chicago, IL office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Nettelhorst Elementary School
Middle School Nettelhorst Elementary School
High School Lake View High School

Price History

3/18/2026 Listed $2,730,000
5/27/2026 9% - $2,490,000
7/21/2026 11% - $2,240,000
8/20/2026 7% - $2,100,000

Property vs Zip Code Average in 60657

Price
AVG $3.99M
$2.1M
Taxes
AVG $37,676
$33,886
Year Built
AVG 1981
1907
Visits
AVG 107
526
Data Provided by Inside Real Estate®

Areas That We Cover

461 W Melrose Street Chicago, IL is a Single Family Home for sale at $2100000 with 5246 sqft and a lot size of Acre(s). 461 W Melrose Street Chicago has 6 bedrooms, 3 baths and was built in 1907. The property's zip code is 60657 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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