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421 W Melrose St #18BC, Chicago, IL, 60657

4beds
5baths
4,500sqft
$1,650,000
$367price/sqft
$11,403/moest. monthly cost
$456,120/yrincome needed

About This Home

Magnificent, expansive residence that lives like a single-family home on one level with stunning Lake Michigan views. Delivering over 4,500 square feet across 4-bedrooms, 4.1 baths, plus a dedicated home office and additional den, you'll appreciate the privacy and convenience of the elevator opening directly into your foyer, leading to the sprawling home's open floor plan, accented with arched entryways providing a distinctive blend of historic charm and modern living. Flooded with natural light, the focal point of the home is the living room / dining room view, framing the lake's scenic harbor dotted with sailboats, an ideal space for large family gatherings or quiet nights at home. No convenience was overlooked during the renovation, from the chef's kitchen outfitted with professional-grade appliances, custom cabinetry, pantry storage, stone countertops, and expansive cityscape views from the charming windows above the sink, open to the great room complete with bespoke millwork and built-ins. A substantial primary suite features two walk-in closets, bathroom with private water closet, dual vanity sinks, and linen storage. Three sizable secondary bedrooms, two en-suite, fourth full shared-bath, plus substantial storage throughout all rooms and common areas. Full-size laundry room teeming with organized storage, bonus space ideal for peloton/exercise, completes the home. The Eddystone offers a range of services and amenities to enhance your living experience, including 24-hour door person, full-time engineer, on-site building manager, fitness center, and recently updated roof deck complete with grills for outdoor gatherings. Two large storage lockers included, garage parking readily available half block away.

Getting Around

86
WalkingVery Walkable
78
TransitExcellent Transit
88
BikeVery Bikeable

Schools

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

Construction

Condition

  • Year built: 1929

Materials

  • Construction materials: Brick,Stone

Type & Style

  • Home type: Condo
  • Property subType: Condominium,Single Family Residence

Interior

Appliances

  • Appliances included: Double Oven,Microwave,Dishwasher,Refrigerator,Freezer,Washer,Dryer,Stainless Steel Appliance(s),Wine Refrigerator,Range Hood
  • Laundry features: Washer Hookup,In Unit,In Kitchen

Basement

  • Basement: None

Bedroom2

  • Features: Flooring (Hardwood),Window Treatments (Blinds)
  • Level: Main
  • Area: 204
  • Dimensions: 17X12

Bedroom3

  • Features: Flooring (Hardwood),Window Treatments (Blinds)
  • Level: Main
  • Area: 204
  • Dimensions: 17X12

Bedroom4

  • Level: Main
  • Area: 150
  • Dimensions: 15X10

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Den

  • Level: Main
  • Area: 204
  • Dimensions: 17X12

Dining Room

  • Level: Main
  • Dimensions: COMBO

Features

  • Elevator,Storage,Built-in Features,Bookcases,Historic/Period Mlwk,Doorman,Granite Counters,Health Facilities,Lobby
  • Flooring: Wood

Foyer

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

Great Room

  • Level: Main
  • Area: 276
  • Dimensions: 23X12

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: Small Duct High Velocity

Interior Area

  • Total structure area: 0
  • Total interior livable area: 4,500 sqft

Kitchen

  • Features: Kitchen (Galley,Pantry-Closet),Flooring (Hardwood)
  • Level: Main
  • Area: 368
  • Dimensions: 23X16

Laundry

  • Level: Main
  • Area: 117
  • Dimensions: 13X9

Living Room

  • Level: Main
  • Area: 468
  • Dimensions: 26X18

Master Bedroom

  • Features: Flooring (Hardwood),Window Treatments (Blinds),Bathroom (Full,Shower Only)
  • Level: Main
  • Area: 238
  • Dimensions: 17X14

Office

  • Level: Main
  • Area: 208
  • Dimensions: 16X13

Other

  • Level: Main
  • Area: 70
  • Dimensions: 14X5

Recreation Room

  • Level: Main
  • Area: 99
  • Dimensions: 11X9

Property

Accessibility

  • Accessibility features: No Disability Access

Details

  • Parcel number: 14213140631038
  • Special condition: List Broker Must Accompany

Features

  • Patio & porch: Roof Deck,Deck
  • Exterior features: Outdoor Grill
  • Has view: Yes
  • View description: Water,Front of Property
  • Water view: Water,Front of Property
  • On waterfront: 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
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado
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 $8,343$100,116
Home Insurance *$336$4,032
Property Taxes $2,378$28,536
Electricity $346$4,153
Total$11,403$136,836
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$390,960/yr
40% on housing$342,090/yr
45% on housing$304,080/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

$367This listing

vs Other Active Listings

Avg $/sqft

ZIP 60657$405
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)

Price History

DateEventPrice
2026-04-14Listed for sale$1,650,000
2025-11-03Listing removed$1,795,000
2025-09-02Listed for sale$1,795,000

For Sale by Agent

AgentJeffrey Lowe
BrokerageCompass

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