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  • $2,250,000

    1516 W Melrose St, Chicago, IL 60657

    5beds
    5,100sqft
    Single Family Residence
    Built in 2005
    3,123.25 Square Feet Lot
    $2,614,900 Zestimate®
    $441/sqft
    $6,986 Estimated rent

    Home value

    $2,614,900

    $2.41M - $2.85M

    $6,986/mo

    Zestimate® history
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    What's special

    BURLEY SCHOOL DISTRICT! Extra wide 5,100 sq. ft. South-facing brick and limestone home in the heart of the Southport Corridor that blends luxury, style, and functionality. Redesigned in 2020, and enhanced in 2023 & 2024 to seamlessly blend classic elegance with modern sophistication. Step inside to bright interior with 45 windows, walnut hardwood floors (heated on 1st level and lower level),coffered ceilings, paneled walls, designer sconces, and statement chandeliers. Sleek kitchen has an oversized island, Wolf six-burner cooktop and double oven, Sub-Zero refrigerator, and a two-zone wine fridge with a built-in wine rack. FLOS lighting and quartz countertops elevate the space, which flows seamlessly into the sun-drenched family room featuring a new Montigo 54" gas fireplace- one of four fireplaces throughout the home. The lux primary suite has its own outdoor Summer reading terrace, walk-in closets, gas fireplace, and a spa-like bathroom complete with heated floors, a steam shower, a soaking tub, and separate vanities. The other two bedrooms on the second floor are excellent size with organized closets. The third floor offers a bright office space with a south-facing walkout deck, full bath and a fourth bedroom with a private north-facing deck that has a outdoor fire table. The expansive lower level features high ceilings, an enormous recreation room enhanced with an oynx wet bar, a Sub-Zero wine fridge, and wood burning fireplace. Private outdoor spaces include a paver patio for grilling and a garage roof deck with a full pergola, perfect for al fresco dining. All outdoor terraces were recently built out with Ipe wood, planters, lighting and lush greenery. The guest suite in the lower level has a redesigned bath and is perfect for in-laws, a home gym, or a live-in nanny. Just two blocks from everything the walkable Southport Corridor has to offer, including Whole Foods, Target, parks, Paulina Brown line, and top-rated schools.

    Zillow last checked:

    Listing updated:

    Listing courtesy of:

    Alishja Ballard 312-848-7787,

    @properties Christie's International Real Estate

    Bought with:

    Hayley Westhoff

    Compass

    Source: MRED as distributed by MLS GRID,MLS#: 12308038MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Primary bedroom
    • Features: Flooring (Hardwood), Bathroom (Full, Double Sink, Tub & Separate Shwr)
    • Level: Second
    • Area: 304 Square Feet
    • Dimensions: 19X16
    Bedroom 2
    • Features: Flooring (Carpet)
    • Level: Second
    • Area: 198 Square Feet
    • Dimensions: 18X11
    Bedroom 3
    • Features: Flooring (Carpet)
    • Level: Second
    • Area: 132 Square Feet
    • Dimensions: 12X11
    Bedroom 4
    • Features: Flooring (Carpet)
    • Level: Third
    • Area: 210 Square Feet
    • Dimensions: 14X15
    Bedroom 5
    • Level: Lower
    • Area: 204 Square Feet
    • Dimensions: 17X12
    Balcony porch lanai
    • Level: Third
    • Area: 323 Square Feet
    • Dimensions: 19X17
    Deck
    • Level: Second
    • Area: 70 Square Feet
    • Dimensions: 10X7
    Dining room
    • Features: Flooring (Hardwood)
    • Level: Main
    • Area: 225 Square Feet
    • Dimensions: 15X15
    Family room
    • Features: Flooring (Hardwood)
    • Level: Main
    • Area: 360 Square Feet
    • Dimensions: 18X20
    Kitchen
    • Features: Kitchen (Eating Area-Breakfast Bar, Eating Area-Table Space, Island, Custom Cabinetry, Updated Kitchen), Flooring (Hardwood)
    • Level: Main
    • Area: 266 Square Feet
    • Dimensions: 19X14
    Living room
    • Features: Flooring (Hardwood)
    • Level: Main
    • Area: 342 Square Feet
    • Dimensions: 19X18
    Other
    • Level: Second
    • Area: 480 Square Feet
    • Dimensions: 20X24
    Recreation room
    • Level: Third
    • Area: 360 Square Feet
    • Dimensions: 18X20
    Other
    • Level: Main
    • Area: 575 Square Feet
    • Dimensions: 25X23
    Heating
    • Natural Gas, Forced Air, Radiant, Radiant Floor
    Cooling
    • Central Air, Zoned
    Appliances
    • Included: Double Oven, Range, Microwave, Dishwasher, Refrigerator, High End Refrigerator, Freezer, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Wine Refrigerator, Oven, Range Hood, Gas Cooktop, Humidifier
    • Laundry: In Unit
    Features
    • Wet Bar, Walk-In Closet(s)
    • Flooring: Hardwood
    • Windows: Skylight(s)
    • Basement: Finished,Full,Daylight
    • Number of fireplaces: 4
    • Fireplace features: Wood Burning, Gas Starter, Family Room, Living Room, Master Bedroom, Basement
    Interior area
    • Total structure area: 0
    • Total interior livable area: 5,100 sqft

    Property

    Parking
    • Total spaces: 2.5
    • Parking features: Garage Door Opener, On Site, Garage Owned, Detached, Garage
    • Garage spaces: 2.5
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: No Disability Access
    Features
    • Stories: 3
    • Patio & porch: Roof Deck, Deck, Patio
    Lot
    • Size: 3,123 sqft
    • Dimensions: 25 X 125
    • Features: Landscaped
    Details
    • Parcel number: 14203240370000
    • Special conditions: List Broker Must Accompany
    • Other equipment: TV-Cable, Intercom, Sump Pump

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional
    • Property subtype: Single Family Residence
    Materials
    • Brick, Limestone
    • Foundation: Concrete Perimeter
    • Roof: Rubber
    Condition
    • New construction: No
    • Year built: 2005
    • Major remodel year: 2020

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Lake Michigan, Public

    Community & neighborhood

    Security
    • Security features: Security System, Fire Sprinkler System, Carbon Monoxide Detector(s)
    Community
    • Community features: Gated
    Location
    • Region: Chicago

    HOA & financial

    HOA
    • Services included: None

    Other

    Other facts
    • Listing terms: Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    4/16/2025Sold$2,250,000-4.3%$441/sqft
    Source: MRED as distributed by MLS GRID #12308038 Report a problem
    4/1/2025Pending sale$2,350,000$461/sqft
    Source: MRED as distributed by MLS GRID #12308038 Report a problem
    3/18/2025Contingent$2,350,000$461/sqft
    Source: MRED as distributed by MLS GRID #12308038 Report a problem
    3/10/2025Price change$2,350,000-4.1%$461/sqft
    Source: MRED as distributed by MLS GRID #12308038 Report a problem
    2/24/2025Listed for sale$2,450,000+30.2%$480/sqft
    Source: MRED as distributed by MLS GRID #12279329 Report a problem
    6/28/2021Sold$1,881,311-2.3%$369/sqft
    Source: MRED as distributed by MLS GRID #11036100 Report a problem
    4/15/2021Pending sale$1,925,000$377/sqft
    Source: Keller Williams #11036100 Report a problem
    4/14/2021Price change$1,925,000-1.3%$377/sqft
    Source: Keller Williams #11036100 Report a problem
    4/6/2021Listed for sale$1,949,900+25%$382/sqft
    Source: Keller Williams #11036100 Report a problem
    5/13/2019Sold$1,560,000+0.7%$306/sqft
    Source: Public Record Report a problem
    3/3/2019Pending sale$1,549,000$304/sqft
    Source: Engel & Volkers Chicago #10279139 Report a problem
    2/22/2019Listed for sale$1,549,000$304/sqft
    Source: Engel & Volkers Chicago #10279139 Report a problem
    12/8/2018Listing removed$1,549,000$304/sqft
    Source: Coldwell Banker Residential Brokerage - Lincoln Park Clybourn #10081537 Report a problem
    9/13/2018Price change$1,549,000-6.1%$304/sqft
    Source: Coldwell Banker Residential Brokerage - Lincoln Park Clybourn #10081537 Report a problem
    6/12/2018Price change$1,649,000-1.2%$323/sqft
    Source: Coldwell Banker Residential Brokerage - Lincoln Park Clybourn #10081537 Report a problem
    12/12/2017Listed for sale$1,669,000$327/sqft
    Source: Coldwell Banker Residential Brokerage - Lincoln Park Clybourn #10081537 Report a problem
    11/7/2017Pending sale$1,669,000$327/sqft
    Source: Coldwell Banker Residential Brokerage - Lincoln Park Clybourn #10081537 Report a problem
    9/28/2017Price change$1,669,000-1.8%$327/sqft
    Source: Coldwell Banker Residential Brokerage - Lincoln Park Clybourn #10081537 Report a problem
    6/6/2017Listed for sale$1,699,000+11%$333/sqft
    Source: Coldwell Banker Residential #09649461 Report a problem
    4/7/2005Sold$1,530,000+198%$300/sqft
    Source: Public Record Report a problem
    6/9/2004Sold$513,500+26.2%$101/sqft
    Source: Public Record Report a problem
    3/19/2004Sold$407,000$80/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024-- $194,000 +12.8%
    2023$35,591 +2.6%$172,000
    2022$34,674 +0.2%$172,000
    2021$34,588 +0.8%$172,000 +11.6%
    2020$34,329 +4.1%$154,100 -8%
    2019$32,964 +83.6%$167,500 -9.3%
    2018$17,958 -46.2%$184,743 +16.6%
    2017$33,376 -16.1%$158,416 -21.2%
    2016$39,771 -2.2%$201,064 -10.5%
    2015$40,665 +56.8%$224,537 +57.8%
    2014$25,932 -3.1%$142,336 -4.9%
    2013$26,749 +1.3%$149,701
    2012$26,416 +2.8%$149,701 -7.9%
    2011$25,691 +0.1%$162,581
    2010$25,667 -5%$162,581 -9.3%
    2009$27,013 +28.7%$179,166 +17.1%
    2008$20,984 +2.7%$152,999
    2007$20,431 +3%$152,999
    2006$19,843 +36.4%$152,999 +61.6%
    2005$14,543 +132%$94,695 +132.7%
    2004$6,269 -2.7%$40,700
    2003$6,440 +2.8%$40,700 +16.7%
    2002$6,264 -9.4%$34,863
    2001$6,911 +40.5%$34,863 -12.6%
    2000$4,918 +0%$39,910 +55.9%
    1999$4,918 $25,600

    Find assessor info on the county website

    Neighborhood: Lake View

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Burley Elementary School
    • Middle: Burley Elementary School
    • High: Lake View High School
    • District: 299

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $2,614,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $2,614,900