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!
Active
Price cut: $10K (5/14)
$514,900
551 W Melrose St APT 1E, Chicago, IL 60657
2beds
1,600sqft
Est.:
Condominium, Single Family Residence
Built in 1920
-- sqft lot
$-- Zestimate®
$322/sqft
$433/mo HOA
What's special
- 10 days
- on Zillow |
- 1,593 |
- 67 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: May 19, 2025 at 10:07pm
Listing courtesy of:
Alexandre Stoykov 312-319-1168,
Compass,
Nicolas Gamboa Wills 312-610-0301,
Compass
Source: MRED as distributed by MLS GRID,MLS#: 12365478

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Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Den
Primary bedroom
- Features: Bathroom (Full)
- Level: Main
- Area: 140 Square Feet
- Dimensions: 10X14
Bedroom 2
- Level: Main
- Area: 130 Square Feet
- Dimensions: 10X13
Den
- Level: Main
- Area: 70 Square Feet
- Dimensions: 10X7
Dining room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 96 Square Feet
- Dimensions: 12X8
Kitchen
- Features: Kitchen (Pantry-Closet), Flooring (Hardwood)
- Level: Main
- Area: 99 Square Feet
- Dimensions: 11X9
Laundry
- Features: Flooring (Other)
- Level: Basement
- Area: 80 Square Feet
- Dimensions: 8X10
Living room
- Features: Flooring (Hardwood), Window Treatments (Bay Window(s))
- Level: Main
- Area: 228 Square Feet
- Dimensions: 12X19
Heating
- Natural Gas, Steam
Cooling
- Wall Unit(s)
Appliances
- Included: Range, Dishwasher, Refrigerator, Washer, Dryer
- Laundry: Laundry Closet
Features
- Basement: Finished,Storage Space,Partial
Interior area
- Total structure area: 0
- Total interior livable area: 1,600 sqft
Video & virtual tour
Property
Accessibility
- Accessibility features: No Disability Access
Details
- Parcel number: 14213140501007
- Special conditions: List Broker Must Accompany
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Single Family Residence
Materials
- Brick
Condition
- New construction: No
- Year built: 1920
- Major remodel year: 2023
Utilities & green energy
- Water: Lake Michigan
Community & HOA
HOA
- Has HOA: Yes
- Amenities included: Bike Room/Bike Trails, Coin Laundry, Storage
- Services included: Heat, Water, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
- HOA fee: $433 monthly
Location
- Region: Chicago
Financial & listing details
- Price per square foot: $322/sqft
- Tax assessed value: $359,990
- Annual tax amount: $6,895
- Date on market: 5/14/2025
- Ownership: Condo
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