$492,000

beds

baths

1,600

square ft

551 W Melrose Street #1E

Chicago, Illinois 60657

Closed / MLS #12382704 / Condo / Lakeview

Listing information updated 12/18/2025 at 12:03pm

Flooded with natural light and filled with charm, this oversized 2-bed + den, 2-bath home in East Lakeview offers the perfect blend of vintage elegance and modern updates-just one block from Nettelhorst Elementary and the lakefront. With nearly 1,600 square feet of living space, the sun-drenched layout features gleaming hardwood floors, elegant crown molding, and bay windows that pour in natural light. The kitchen features stainless steel appliances and a pantry closet. Two generous bedrooms include a primary suite with walk-in closet and ensuite bath. The flexible den is perfect for a playroom, nursery, or reading nook. Downstairs, a massive heated basement space (private to this unit) offers incredible versatility for a home office, art studio, gym, or all of the above. Parking is available for rent in the area. Just blocks from Belmont Harbor, the Lakefront Trail, CTA, and top dining. Well managed, pet and investor friendly building with 92% owner occupancy. Welcome to the best of city living!

Full Features

Exterior Type:

Brick

Basement:

Finished,Storage Space,Partial

Beds Above Grade:

Cooling System:

Wall Unit(s)

Heating System:

Natural Gas, Steam

Appliances:

Range, Dishwasher, Refrigerator, Washer, Dryer

Main Level Primary Bedroom:

Yes

Pool:

Age:

100+ Years

Room Count:

Water Front:

Square Feet:

1,600

Pet Information:

Cats OK, Dogs OK

Common Area Amenities:

Bike Room/Bike Trails, Coin Laundry, Storage

Room Information

Living Room:

12x19 - Main

Dining Room:

12x8 - Main

Kitchen:

11x9 - Main

Family Room:

N/A

Primary Bedroom:

10x14 - Main Level

2nd Bedroom:

10x13 - Main

3rd Bedroom:

N/A

4th Bedroom:

N/A

Den:

10x7 - Main Level

Laundry:

8x10 - Basement Level

Taxes & Assessments

Tax Amount:

$6,895

Tax Year:

2023

Assessments:

$433 / month

Location

Zip Code:

60657

City:

Chicago

County:

Cook

Schools

School District(s):

299

Elementary School:

Nettelhorst Elementary School

Middle School:

N/A

High School:

N/A

Exterior Type:

Brick

Basement:

Finished,Storage Space,Partial

Beds Above Grade:

Cooling System:

Wall Unit(s)

Heating System:

Natural Gas, Steam

Appliances:

Range, Dishwasher, Refrigerator, Washer, Dryer

Main Level Primary Bedroom:

Yes

Pool:

Age:

100+ Years

Room Count:

Water Front:

Square Feet:

1,600

Pet Information:

Cats OK, Dogs OK

Common Area Amenities:

Bike Room/Bike Trails, Coin Laundry, Storage

Living Room:

12x19 - Main

Dining Room:

12x8 - Main

Kitchen:

11x9 - Main

Family Room:

N/A

Primary Bedroom:

10x14 - Main Level

2nd Bedroom:

10x13 - Main

3rd Bedroom:

N/A

4th Bedroom:

N/A

Den:

10x7 - Main Level

Laundry:

8x10 - Basement Level

Tax Amount:

$6,895

Tax Year:

2023

Assessments:

$433 / month

Zip Code:

60657

City:

Chicago

County:

Cook

School District(s):

299

Elementary School:

Nettelhorst Elementary School

Middle School:

N/A

High School:

N/A

Listing Office: Compass

Listing Office Phone: 312.319.1168

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/18/2025 at 12:03pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.