508 W Melrose St Ph W, Chicago, IL, 60657
About This Home
Rarely available approx. 3,500 sq ft on one-floor penthouse in elegant East Lakeview elevator building. Single-family home living in this spacious and well planned 3 bedroom plus study, 3.5 bath unit. Included with the unit are in building 3 deeded side by side heated garage parking spaces. Walk in and be amazed at the open concept kitchen, living room, and dining room area, perfect for entertaining and everyday living. This bright and extra wide unit offers privacy and views facing south, north and west. There is no shortage of natural light throughout, including 4 skylights that enhance the overall brightness of the unit. Updated kitchen offers caesarstone quartz countertops, peninsula and island perfect for entertaining and cooking. Walk out to the expansive terrace through two sets of double french doors, accessed from the living and dining room, and enjoy the sunset or your morning coffee. The terrace is equipped with a gas line for all your barbeque needs. Unit features high ceilings with beautiful ceiling details with crown molding throughout the unit, spacious living room area large enough for a sectional or two sofas, hardwood floors throughout, side by side washer dryer and loads of storage space. Cuddle up next to one of the two wood burning gas starter fireplaces and enjoy a glass of wine. Large primary bedroom with walk in closet, 2 sets of double closets, balcony and spa-like bathroom with dual vanities, whirlpool and separate shower. Second and third bedrooms are both ensuite and have ample storage and space for a king size bed. The study could serve as an extra bedroom, nursery, reading room or gym. Don't miss the opportunity to live in this spectacular home in the heart of East Lakeview, surrounded by bars, restaurants and coffee shops. Walking distance to grocery stores and the "L". Welcome home!
Getting Around
Walker's Paradise
Excellent Transit
Very BikeableSchools
Construction
Condition
- Year built: 2003
Materials
- Construction materials: Brick
Type & Style
- Home type: Condo
- Property subType: Condominium,Single Family Residence
Interior
Appliances
- Appliances included: Double Oven,Microwave,Dishwasher,High End Refrigerator,Washer,Dryer,Disposal,Stainless Steel Appliance(s),Wine Refrigerator,Oven,Range Hood,Gas Cooktop
- Laundry features: Washer Hookup,In Unit,Laundry Closet
Balcony Porch Lanai
- Level: Main
- Area: 341
- Dimensions: 31X11
Basement
- Basement: None
Bedroom2
- Features: Flooring (Hardwood),Window Treatments (Curtains/Drapes)
- Level: Main
- Area: 208
- Dimensions: 16X13
Bedroom3
- Features: Flooring (Hardwood),Window Treatments (Curtains/Drapes)
- Level: Main
- Area: 144
- Dimensions: 12X12
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Dining Room
- Features: Flooring (Hardwood),Window Treatments (Blinds)
- Level: Main
- Area: 210
- Dimensions: 15X14
Features
- Elevator,Storage,Walk-In Closet(s),Bookcases,Open Floorplan
- Window features: Drapes,Blinds
- Flooring: Hardwood
- Number of fireplaces: 2
- Fireplace features: Wood Burning,Gas Starter,Family Room,Living Room
- Fireplace: Yes
Heating & Cooling
- Heating features: Natural Gas,Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 0
- Total interior livable area: 3,500 sqft
Kitchen
- Features: Kitchen (Eating Area-Breakfast Bar,Island,Updated Kitchen),Flooring (Hardwood),Window Treatments (Blinds)
- Level: Main
- Area: 224
- Dimensions: 16X14
Laundry
- Level: Main
- Area: 100
- Dimensions: 10X10
Living Room
- Features: Flooring (Hardwood),Window Treatments (Blinds)
- Level: Main
- Area: 527
- Dimensions: 31X17
Master Bedroom
- Features: Flooring (Hardwood),Window Treatments (Curtains/Drapes),Bathroom (Full)
- Level: Main
- Area: 288
- Dimensions: 18X16
Study
- Features: Flooring (Hardwood),Window Treatments (Blinds)
- Level: Main
- Area: 120
- Dimensions: 12X10
Property
Accessibility
- Accessibility features: No Disability Access
Details
- Parcel number: 14213120551021
- Special condition: List Broker Must Accompany
- Other equipment: Intercom
Features
- Exterior features: Balcony
Parking
- Total spaces: 3
- Parking features: Shared Driveway,Garage Door Opener,Heated Garage,Yes,Garage Owned,Attached,Garage
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
- 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
- Heat Wave
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Illinois Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $7,711 | $92,532 |
| Home Insurance * | $310 | $3,720 |
| Property Taxes | $2,198 | $26,376 |
| Electricity | $269 | $3,230 |
| Total | $10,488 | $125,856 |
Income You'd Need if You Spent...
Illinois FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-09 | Listed for sale | $1,525,000 |
| 2016-09-06 | Sold | $575,000 |
| 2013-09-01 | Listing removed | $3,000 |
| 2013-08-23 | Listed for rent | $3,000 |
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