Tremendous opportunity here. Beautiful East Lakeview top floor condo Priced to Sell. Oversized Vintage rehab with all the modern updates you can ask for. This 2 bedroom 1 bath home is sure to impress. Gorgeous woodwork and hardwood floors throughout. this home is spacious and inviting. It also offers Central Air, Newer wood window, In-Unit Laundry and Parking included. There is also a huge storage room 20'x12' and additional free laundry in building. Upon walking into the foyer The Living Room is massive and could easily be two rooms at 27'x12'. It features gorgeous original wood detailing, and exposed brick wall and both North and South Exposures. The split floor plan offers tremendous privacy and the Primary bedroom is huge at 20'x10' and has 3 closets. The second bedroom is ample easily fits a queen size bed or makes a great office with tree lined view of street. 11'x10'. The bathroom is nice sized and has an updated walk-in shower. the Dining room is great for entertaining at 14'x10' and is flooded with unbelievable natural light and great detailing including a hutch. The kitchen also offers amazing light. The kitchen at 14'x9' has 42" uppers and great storage and even has a laundry closet. The association is very well run and the building is in great shape. Just steps from Lakeview booming Broadway shopping strip and 1 block to the lake. Access to great dining, shopping, gyms, and outdoor recreation. This cannot be beat. Check out 553 Melrose #3. It sold without parking and laundry for $415,000. Opportunity knocks!!
Closed
$375,000
551 W Melrose St #3, Chicago, IL 60657
2beds
1,350sqft
Condominium, Single Family Residence
Built in 1909
-- sqft lot
$471,600 Zestimate®
$278/sqft
$3,258 Estimated rent
Home value
$471,600
$439,000 - $509,000
$3,258/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listing courtesy of:
John Charmelo 312-560-7689,
@properties Christie's International Real Estate
Bought with:
David Jablonowski
@properties Christie's International Real Estate
Source: MRED as distributed by MLS GRID,MLS#: 11854050
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Features: Flooring (Hardwood)
- Level: Main
- Area: 200 Square Feet
- Dimensions: 10X20
Bedroom 2
- Features: Flooring (Hardwood)
- Level: Main
- Area: 110 Square Feet
- Dimensions: 10X11
Dining room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 140 Square Feet
- Dimensions: 10X14
Foyer
- Features: Flooring (Ceramic Tile)
- Level: Main
- Area: 50 Square Feet
- Dimensions: 5X10
Kitchen
- Features: Kitchen (Galley), Flooring (Hardwood)
- Level: Main
- Area: 144 Square Feet
- Dimensions: 9X16
Laundry
- Features: Flooring (Hardwood)
- Level: Main
- Area: 9 Square Feet
- Dimensions: 3X3
Living room
- Features: Flooring (Hardwood), Window Treatments (Aluminum Frames, Blinds, Double Pane Windows, Screens)
- Level: Main
- Area: 324 Square Feet
- Dimensions: 12X27
Storage
- Level: Basement
- Area: 240 Square Feet
- Dimensions: 12X20
Heating
- Radiator(s)
Cooling
- Central Air
Appliances
- Included: Range, Dishwasher, Microwave
- Laundry: Washer Hookup, Gas Dryer Hookup, In Unit, In Kitchen
Features
- Storage, Built-in Features, High Ceilings, Separate Dining Room, Paneling
- Flooring: Hardwood
- Basement: None
Interior area
- Total structure area: 0
- Total interior livable area: 1,350 sqft
Property
Parking
- Total spaces: 1
- Parking features: Asphalt, Assigned, Off Alley, Off Street, Alley Access, On Site, Owned
Accessibility
- Accessibility features: No Disability Access
Details
- Parcel number: 14213140501009
- Special conditions: None
- Other equipment: Ceiling Fan(s)
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Single Family Residence
Materials
- Brick
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1909
- Major remodel year: 1978
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & neighborhood
Location
- Region: Chicago
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $433 monthly
- Amenities included: Bike Room/Bike Trails, Storage, Laundry, Private Laundry Hkup
- Services included: Heat, Water, Parking, Insurance, Security, Lawn Care, Scavenger, Snow Removal
Other
Other facts
- Listing terms: Conventional
- Ownership: Condo
Price history
| Date | Event | Price |
|---|---|---|
| 9/18/2023 | Sold | $375,000$278/sqft |
Source:  MRED as distributed by MLS GRID #11854050 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $41,386 +15% |
| 2023 | $2,893 -0.6% | $35,999 |
| 2022 | $2,909 +5% | $35,999 |
| 2021 | $2,769 -3.1% | $35,999 +24.4% |
| 2020 | $2,858 +0.3% | $28,927 -8.7% |
| 2019 | $2,849 +1.5% | $31,683 |
| 2018 | $2,806 -6.6% | $31,683 +25.6% |
| 2017 | $3,005 -11.2% | $25,222 |
| 2016 | $3,383 -10.9% | $25,222 |
| 2015 | $3,798 +17.8% | $25,222 +13.1% |
| 2014 | $3,224 -0.4% | $22,296 |
| 2013 | $3,235 -7.9% | $22,296 -6.5% |
| 2012 | $3,513 +3.5% | $23,853 -12.5% |
| 2011 | $3,392 +23.7% | $27,275 -11% |
| 2010 | $2,743 +14.6% | $30,643 |
| 2009 | $2,393 +3.4% | $30,643 +14.9% |
| 2008 | $2,315 +2.6% | $26,662 |
| 2007 | $2,256 +1.3% | $26,662 |
| 2006 | $2,226 -21.9% | $26,662 +7.7% |
| 2005 | $2,849 +3.7% | $24,756 |
| 2004 | $2,748 +4.5% | $24,756 |
| 2003 | $2,631 +4.2% | $24,756 +55.9% |
| 2002 | $2,525 +5.3% | $15,877 |
| 2001 | $2,399 +8.6% | $15,877 |
| 2000 | $2,209 | $15,877 +17.6% |
| 1999 | -- | $13,497 |
Find assessor info on the county website
Neighborhood: Lake View
Nearby schools
GreatSchools rating
- 8/10Nettelhorst Elementary SchoolGrades: PK-8Distance: 0.1 mi
- 3/10Lake View High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Nettelhorst Elementary 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
$471,600
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Estimated market value
$471,600
- Illinois
- Cook County
- Chicago
- 60657
- Lake View
- 551 W Melrose St Unit 3
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