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Sold for $500,000
  • $500,000

    531 W Melrose St #2E, Chicago, IL 60657

    2beds
    1,440sqft
    Condo
    Built in 1928
    -- sqft lot
    $510,900 Zestimate®
    $347/sqft
    $3,882 Estimated rent

    Home value

    $510,900

    $460,000 - $567,000

    $3,882/mo

    Zestimate® history
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    $3,882/mo

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    What's special

    Beautiful tree-lined streetCrown moldingFrench doorsFormal dining roomLovely deckRefinished hardwood floors
    This stunning 2-bedroom, 1.5-bath condo offers 1,500 sq. ft. of vintage elegance in one of the neighborhood’s most charming courtyards filled with mature trees and seasonal blooms. Featuring 9-ft ceilings, crown molding, and refinished hardwood floors throughout, this home blends classic character with modern comfort. The oversized foyer opens to a formal dining room with French doors and a large, light-filled living room featuring a custom built-in with stained-glass doors. The thoughtful layout places the bedrooms quietly in the rear, while north and south exposures fill the space with natural light. The kitchen includes a separate laundry/pantry area and opens to a lovely deck—perfect for relaxing or entertaining. Dog-friendly building with a private dog run (direct access from this unit), large private storage room, and well-managed self-run association. Ideal location on a beautiful tree-lined street, steps to vibrant Broadway, the lake, and excellent public transit. Owner leases parking spot in neighboring building. Owner wants to close in late January 2026 and will offer $2K appliance credit.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    Heating
    • Other, Other
    Cooling
    • Wall
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Range / Oven, Refrigerator, Washer
    • Laundry: In Unit
    Features
    • Flooring: Tile, Hardwood
    Interior area
    • Total interior livable area: 1,440 sqft

    Property

    Parking
    • Parking features: Off-street
    Features
    • Exterior features: Brick
    Lot
    • Size: 0.41 Acres
    Details
    • Parcel number: 14213140511014

    Construction

    Type & style
    • Home type: Condo
    Condition
    • Year built: 1928

    Community & neighborhood

    Location
    • Region: Chicago

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $404 monthly

    Other

    Other facts
    • Balcony
    • Cats Allowed
    • Heating included in rent
    • Laundry: In Unit
    • Small Dogs Allowed
    • Some furniture available

    Price history

    DateEventPrice
    2/4/2026Sold$500,000+5.3%$347/sqft
    Source: Public Record Report a problem
    10/27/2025Pending sale$474,900$330/sqft
    Source: Owner Report a problem
    10/20/2025Listed for sale$474,900+59.4%$330/sqft
    Source: Owner Report a problem
    2/24/2021Listing removed--
    Source: Owner Report a problem
    6/24/2020Listing removed$2,250$2/sqft
    Source: Owner Report a problem
    6/16/2020Listed for rent$2,250+12.5%$2/sqft
    Source: Owner Report a problem
    9/6/2017Listing removed$2,000$1/sqft
    Source: Owner Report a problem
    8/15/2017Price change$2,000-9.1%$1/sqft
    Source: Owner Report a problem
    8/11/2017Listed for rent$2,200$2/sqft
    Source: Owner Report a problem
    8/30/2010Sold$298,000-6.6%$207/sqft
    Source: MRED as distributed by MLS GRID #07523043 Report a problem
    6/3/2010Price change$319,000-5.9%$222/sqft
    Source: Brian Merrion #07523043 Report a problem
    5/14/2010Price change$339,000-2.9%$235/sqft
    Source: Brian Merrion #07523043 Report a problem
    3/25/2010Price change$349,000-11.4%$242/sqft
    Source: Home Owners Realty, INC. #07414194 Report a problem
    1/16/2010Listed for sale$394,000$274/sqft
    Source: Home Owners Realty, INC. #07414194 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024-- $38,727 +68.4%
    2023$4,853 +20.5%$22,999
    2022$4,027 +1.8%$22,999
    2021$3,955 -28.8%$22,999 -18%
    2020$5,555 +1.3%$28,039 -8.7%
    2019$5,481 +1.7%$30,711
    2018$5,388 +8.1%$30,711 +15.8%
    2017$4,984 +3.6%$26,526
    2016$4,813 +9.9%$26,526
    2015$4,380 -10.6%$26,526 -8.4%
    2014$4,897 +2.3%$28,961
    2013$4,789 +0.8%$28,961
    2012$4,749 +3.4%$28,961 -4.6%
    2011$4,591 +10.6%$30,352
    2010$4,150 +9%$30,352
    2009$3,808 +10.1%$30,352 -1.5%
    2008$3,459 +12.3%$30,826
    2007$3,080 +3.5%$30,826
    2006$2,975 -5.1%$30,826 +38%
    2005$3,137 +1.9%$22,342
    2004$3,078 +4.5%$22,342
    2003$2,947 -5.4%$22,342 +16.6%
    2002$3,115 +5%$19,162
    2001$2,968 +14.8%$19,162
    2000$2,585 -0.2%$19,162 +24%
    1999$2,590 $15,457

    Find assessor info on the county website

    Neighborhood: Lake View

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: NETTELHORST ELEMENTARY SCHOOL
    • District: 299

    Source: The MLS. 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
    $510,900
    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
    $510,900