$492,000

$509,000 3.3%

Est. payment - /mo

2 Beds

2 Baths

1,600 SqFt

Sold on 07/16/2025

551 W Melrose ST #1E Chicago, IL 60657

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Gus Morquecho

Broker Associate | License ID: RB140551680

+1(219) 308-2266

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Key Details

Sold Price $492,000

Property Type Condo

Sub Type Condo

Listing Status Sold

Purchase Type For Sale

Square Footage 1,600 sqft

Price per Sqft $307

MLS Listing ID 12382704

Sold Date 07/16/25

Bedrooms 2

Full Baths 2

HOA Fees $433/mo

Year Built 1920

Annual Tax Amount $6,895

Tax Year 2023

Lot Dimensions COMMON

Property Sub-Type Condo

Property Description

Flooded with natural light and filled with charm, this oversized 2-bed + den, 2-bath home in East Lakeview offers the perfect blend of vintage elegance and modern updates-just one block from Nettelhorst Elementary and the lakefront. With nearly 1,600 square feet of living space, the sun-drenched layout features gleaming hardwood floors, elegant crown molding, and bay windows that pour in natural light. The kitchen features stainless steel appliances and a pantry closet. Two generous bedrooms include a primary suite with walk-in closet and ensuite bath. The flexible den is perfect for a playroom, nursery, or reading nook. Downstairs, a massive heated basement space (private to this unit) offers incredible versatility for a home office, art studio, gym, or all of the above. Parking is available for rent in the area. Just blocks from Belmont Harbor, the Lakefront Trail, CTA, and top dining. Well managed, pet and investor friendly building with 92% owner occupancy. Welcome to the best of city living!

Location

State IL

County Cook

Area Chi - Lake View

Rooms

Basement Finished, Storage Space, Partial

Interior

Heating Natural Gas, Steam

Cooling Wall Unit(s)

Fireplace N

Appliance Dishwasher, Refrigerator, Washer, Dryer

Laundry Laundry Closet

Exterior

Amenities Available Bike Room/Bike Trails, Coin Laundry, Storage

Building

Building Description Brick, No

Story 3

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

Elementary Schools Nettelhorst Elementary School

School District 299 , 299, 299

Others

HOA Fee Include Heat,Water,Insurance,Exterior Maintenance,Lawn Care,Scavenger,Snow Removal

Ownership Condo

Special Listing Condition List Broker Must Accompany

Pets Allowed Cats OK, Dogs OK

Listed by Alexandre Stoykov of Compass
Bought with Nicole Kourtis of @properties Christie's International Real Estate

GET MORE INFORMATION

Gus Morquecho

Broker Associate | License ID: RB140551680

+1(219) 308-2266