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461 W Melrose St, Chicago, IL, 60657

6beds
5baths
5,246sqft
$2,240,000
$427price/sqft
$15,414/moest. monthly cost
$616,560/yrincome needed

About This Home

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.

Getting Around

92
WalkingWalker's Paradise
80
TransitExcellent Transit
89
BikeVery Bikeable

Schools

8/10
3/10
Lake View High SchoolGrades 9-121.7 mi

Construction

Condition

  • Year built: 1907

Materials

  • Construction materials: Brick

Notable Dates

  • Major remodel year: 2020

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Double Oven,Range,Microwave,Dishwasher,High End Refrigerator,Bar Fridge,Washer,Dryer,Stainless Steel Appliance(s),Wine Refrigerator,Cooktop,Oven,Range Hood,Humidifier,Gas Water Heater
  • Laundry features: Laundry Closet

Basement

  • Has basement: Yes
  • Basement: Finished,Exterior Entry,Rec/Family Area,Storage Space,Full,Daylight

Bedroom2

  • Features: Flooring (Hardwood)
  • Level: Third
  • Area: 264
  • Dimensions: 22X12

Bedroom3

  • Features: Flooring (Hardwood)
  • Level: Third
  • Area: 176
  • Dimensions: 16X11

Bedroom4

  • Features: Flooring (Hardwood)
  • Level: Second
  • Area: 270
  • Dimensions: 15X18

Bedroom5

  • Features: Flooring (Hardwood)
  • Level: Second
  • Area: 374
  • Dimensions: 22X17

Bedroom6

  • Level: Second
  • Area: 80
  • Dimensions: 10X8

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 5
  • Full bathrooms: 3
  • 1/2 bathrooms: 2

Dining Room

  • Features: Flooring (Hardwood)
  • Level: Main
  • Area: 143
  • Dimensions: 13X11

Family Room

  • Features: Flooring (Hardwood)
  • Level: Main
  • Area: 192
  • Dimensions: 16X12

Features

  • Elevator,Built-in Features,Walk-In Closet(s)
  • Window features: Skylight(s)
  • Flooring: Hardwood
  • Number of fireplaces: 3
  • Fireplace features: Electric,Family Room,Living Room,Master Bedroom
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Natural Gas,Forced Air,Zoned,Radiant Floor
  • Cooling features: Central Air,Zoned

Interior Area

  • Total structure area: 0
  • Total interior livable area: 5,246 sqft

Kitchen

  • Features: Kitchen (Island,Pantry-Closet,Custom Cabinetry,Pantry,Updated Kitchen),Flooring (Hardwood)
  • Level: Main
  • Area: 361
  • Dimensions: 19X19

Laundry

  • Level: Third
  • Area: 20
  • Dimensions: 4X5

Living Room

  • Features: Flooring (Hardwood)
  • Level: Main
  • Area: 638
  • Dimensions: 22X29

Master Bedroom

  • Features: Flooring (Hardwood),Bathroom (Full,Double Sink,Tub & Separate Shwr)
  • Level: Third
  • Area: 342
  • Dimensions: 19X18

Recreation Room

  • Features: Flooring (Hardwood)
  • Level: Basement
  • Area: 741
  • Dimensions: 19X39

Storage

  • Level: Basement
  • Area: 432
  • Dimensions: 16X27

Property

Accessibility

  • Accessibility features: No Disability Access

Details

  • Parcel number: 14213140130000
  • Special condition: List Broker Must Accompany
  • Other equipment: TV-Cable,Sump Pump

Features

  • Stories: 3
  • Patio & porch: Deck,Patio
  • Exterior features: Lighting
  • Fencing: Fenced

Lot

  • Lot size: 3,818 sqft

Parking

  • Total spaces: 4
  • Parking features: Concrete,Driveway,Oversized,Yes,Owned
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado
Winter Weather
Tsunami

FEMA Declared Disasters Across Illinois Counties

Flood
Other
Severe Storm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $11,326$135,912
Home Insurance *$456$5,472
Property Taxes $3,229$38,748
Electricity $403$4,842
Total$15,414$184,968
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$528,480/yr
40% on housing$462,420/yr
45% on housing$411,040/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.1%
15.1%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -0.8%
-0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$427This listing

vs Other Active Listings

Avg $/sqft

ZIP 60657$404
Cook County$225

vs Homes Sold Last Month

Median $/sqft

ZIP 60657$527
Cook County$219

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-03-18Listed for sale$2,730,000
2025-11-19Listing removed$2,720,000
2025-07-25Price change$2,720,000
2025-06-16Price change$2,999,999
2025-01-31Listed for sale$3,300,000
2020-11-26Listing removed$1,800
2020-09-19Listed for rent$1,800
2017-08-30Sold$966,000

For Sale by Agent

AgentLorenzo Sanchez
BrokerageEngel & Voelkers Chicago

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