461 W Melrose Street
Chicago, IL, 60657 $ 2,730,000
Bedrooms6 Baths3.2 Sq 5,246 Monthly Estimate*
$ 16,809
for $2,730,000 with 6 bedrooms and 3 full baths, 2 half baths. This 5,246 square foot home was built in 1907.
Behind a classic Chicago facade, this contemporary four-level home in East Lakeview offers spacious living and thoughtful updates throughout. Renovated in 2020, this home includes all newer mechanicals, windows, designer lighting, and an elevator that connects every level, from the finished English basement to the 3rd level. The main level features a large living and dining area that flows into an open family room and a newer chef's kitchen (2020) with custom cabinetry, premium appliances, a professional-grade hood, a pantry, and a striking marble island. Ceiling heights in the kitchen reach nearly 20 feet, adding to the sense of space and volume. With six spacious above-grade bedrooms, this home offers tremendous flexibility to accommodate a variety of needs-whether you're looking for extra space for guests, multiple home offices, a yoga room, hobby space, or simply room to grow. The primary suite includes a walk-in closet, access to a private deck, and a luxurious full bath. The finished lower level has high ceilings and flexible space for a rec room, gym, or home theater. Other features include zoned HVAC and custom closets. Outside, enjoy an oversized, fully fenced backyard -- an uncommon find in the city -- ideal for entertaining, gardening, or play. Multiple decks provide additional outdoor living options. There is also parking for up to four cars. Located just half a block from Lake Shore Drive and Belmont Harbor, this home benefits from RM6 zoning, offering the possibility of future development potential in one of Chicago's most desirable neighborhoods. Enjoy easy access to public transportation, including express buses to downtown, the lakefront path, Belmont Harbor, and vibrant shopping and dining along Broadway.
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FeaturesGeneralLiving Area 5246
Sewer Public Sewer
Heating Natural Gas Forced Air Zoned Radiant Floor
Cooling Central Air Zoned
Possession Closing Negotiable
Appliances Double Oven Range Microwave Dishwasher High End Refrigerator Bar Fridge Washer Dryer Stainless Steel Appliance(s) Wine Refrigerator Cooktop Oven Range Hood Humidifier
Association Fee Includes None
Construction Materials Brick
Year Built 1907
Township Lake View
Tax Year 2024
Ownership Fee Simple
Community Features Sidewalks Street Lights
Assoc Fee Paid Per Not Applicable
County Cook
New Construction N
Property Type Residential Detached Single
Total Rooms 11
Full Baths 3
Status New
Directions Inner Lake Shore Drive to Melrose (3232 north). Go one way west to the house. Park in front.
High School Lake View High School
City Chicago
High School District 299
MLS Area CHI - Lake View
Elementary School Nettelhorst Elementary School
Tax Annual Amount 33886.32
Middle/Junior High School Nettelhorst Elementary School
Virtual Tour https://kuula.co/share/collection/7M9nN?logo=1&info=0&logosize=118&fs=1&vr=1&sd=1&thumbs=3
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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InteriorInterior Amenities Elevator Built-in Features Walk-In Closet(s)
Basement Finished Exterior Entry Rec/Family Area Storage Space Full Daylight
Flooring Hardwood
Total Fireplaces 3
Fireplace Features Electric
Half Baths 2
Laundry Features Laundry Closet
Total Bedrooms 6
Room Type Bedroom 5 Bedroom 6 Recreation Room Storage
Total Baths 5
Bedrooms Possible 6
Bathroom Steam Shower
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ExteriorExterior Amenities Lighting
Parking Features Concrete Driveway Oversized Yes Owned
Water Source Lake Michigan Public
Total Parking 4
Lot Dimensions 3818
Waterfront Y/N N
Other Equipment TV-Cable Security System CO Detectors Sump Pump Security Cameras Water Heater-Gas
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* Excluded FeaturesList ByEngel & Voelkers ChicagoBroker
lorenzo.sanchez@evrealestate.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $16,809
- Monthly Property Taxes
- $2,824
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Chicago, IL
Average List Price $575,500
Percent of Sale Price 79%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
568142 Elementary School
568142 Middle School
Lake View High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/18/2026 | $2,730,000 | | Listed Price |