Active128 days on market
$2,240,000
$2,730,000 · just reduced
461 Melrose Street
Chicago, IL 60657
- Beds
- 6
- Baths
- 3 full · 2 half
- Sqft
- 5,246
- $/sqft
- $427
- Built
- 1907
- Type
- Single Family
- MLS#
- MRD12594841
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.
Payment calculator
Estimated monthly cost for this home
20% · $448K
%
Term
$14,898/mo
- Principal & interest
- $11,421
- Property taxes
- $2,824
- Home insurance (est.)
- $653
Estimate only, not a quote or offer of credit. Rate starts from today's market rate (6.58%, 2026-07-23). Taxes from the listing's MRED record. Talk to a lender for real numbers; a Subdiview agent can introduce you to a good one.
Price & tax history
| Current price | $2,240,000▼ $490,000 from original |
| Listed Mar 18, 2026 | $2,730,000 |
| 2024 property taxes | $33,886/yr |
From the listing's MRED record. MRED does not publish per-change dates through IDX, so price changes are shown without one rather than guessed.
Schools
Assigned schools per the listing's MRED record. Always verify with the district before you buy.
Elementary
Nettelhorst Elementary School
299
Middle
Nettelhorst Elementary School
299
High school
Lake View High School299
See programs, enrollment & homes near this school →
Where it sits
MRED Broker ReciprocityThis listing is part of the MRED data exchange program provided courtesy of Engel & Voelkers Chicago, listed by Lorenzo Sanchez.
Information last updated Jul 21, 2026, 2:29 AM.
461 Melrose Street
Chicago, IL 60657
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Call 224-385-8779Property details
Sourced from the MRED MLS feed. Last updated when the listing was modified.
- Cooling
- Central Air, Zoned
- Heating
- Natural Gas, Forced Air, Zoned, Radiant Floor
- Basement
- Finished, Exterior Entry, Rec/Family Area, Storage Space, Full, Daylight
- Flooring
- Hardwood
- Appliances
- Double Oven, Range, Microwave, Dishwasher, High End Refrigerator, Bar Fridge, Washer, Dryer, Stainless Steel Appliance(s), Wine Refrigerator, Cooktop, Oven, Range Hood, Humidifier
- Rooms total
- 11
- Window features
- Skylight(s)
- Fireplaces total
- 3
- Laundry features
- Laundry Closet
- Interior features
- Elevator, Built-in Features, Walk-In Closet(s)
- Fireplace features
- Electric