$805,000 - $1,007,000
RENTED MAY 5, 2025

1316 W Melrose St Unit 1 Chicago, IL 60657

Lakeview Neighborhood
4 Beds
3 Baths
2,400 Sq Ft
$378 Price per Sq Ft

Last Sold September 01, 2015

Last sale price $615,000 $256 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $5,774/month

Highlights

  • Deck
  • Family Room with Fireplace
  • Main Floor Bedroom
  • Augustus H. Burley Elementary School Rated A-
  • Wood Flooring
  • 3-minute walk to Margaret Donahue Park

About This Home

As of May 2025

A stunning duplex down condo for rent spanning over 2400 square feet in the highly sought-after Burley School District! Main level has open concept kitchen, living, & dining area, complete with SS appliances & granite. Primary bedroom provides access to a private deck. The first floor also includes an en-suite marble primary bathroom. Another full bathroom is conveniently located on the main level for guests. Heading to the lower level, you'll find an incredibly spacious family room, perfect for entertaining. Two additional bedrooms and a third full bathroom are also situated on this level. One garage parking space is included, ensuring convenience in the city. Located on a peaceful tree-lined street in the vibrant Southport Corridor, this home offers a multitude of desirable features. Located just two blocks away from the el station, this home offers easy access to transportation, shopping and great food. No pets allowed.

Last Agent to Rent the Property

Julie Chesne

Compass License #471003470 Listed on: 04/14/2025

Compass

Co-Listed By

Chris Chesne

Compass License #475141544

Last Renter's Agent

Elias Masud

Compass License #475163294

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,959

Year Built

  • Built in 1997 | Remodeled in 2012

Lot Details

  • 3,180

Parking

  • 1 Car Garage
  • Parking Included in Price

Home Design

  • Duplex
  • Entry on the 1st floor
  • Brick Exterior Construction

Interior Spaces

  • 2,400 Sq Ft Home
  • 3-Story Property
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Storage
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • Main Floor Bedroom
  • 3 Full Bathrooms
  • Dual Sinks
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Schools

  • Burley Elementary School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Deck
  • Lot Dimensions are 25x125

Listing and Financial Details

  • Security Deposit $5,000
  • Property Available on 5/1/25
  • Rent includes water, parking, scavenger
  • 12 Month Lease Term

Community Details

Overview

  • 2 Units

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,959

Year Built

Built in 1997 | Remodeled in 2012

Lot Details

0

Parking

1

Rental Info

  • Available Date: 2025-05-01
  • Lease Term: 12 Months
  • Board Number: 8
  • Pets Allowed (Y/N): No
  • Rental Price: 5300
  • Security Deposit: $5000
  • Is Parking Included in Price: Yes
  • Fees/Approvals: Credit Report,Move-in Fee,Refundable Damage Deposit

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Type Attached: Condo-Duplex
  • EntryLevel: 1
  • Property Attached: Yes
  • Property Sub-Type: Condo-Duplex
  • Year Built: 1997
  • Age: 26-30 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2012
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Renovated: 2012

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
  • Basement: Finished, Full
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning, Gas Starter
  • Fireplaces: 2
  • Flooring: Hardwood
  • Furnished: No
  • Interior Amenities: 1st Floor Bedroom, Storage
  • LivingArea: 2400
  • Room Type: Deck
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Bathroom Amenities: Whirlpool,Separate Shower,Double Sink
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Fireplace Location: Family Room,Living Room
  • Total Sq Ft: 0
  • Flooring: Hardwood
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Construction Materials: Brick, Block
  • Patio And Porch Features: Deck
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: On Site, Garage Owned, Detached, Garage
  • ParkingTotal: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Washer Hookup, Main Level, In Unit
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Association Amenities: None
  • Rent Includes: Water, Parking, Scavenger
  • Management: Self-Management

Schools

  • Elementary School: Burley Elementary School

Lot Info

  • Lot Dimensions: 25X125

Multi Family

  • Units in Building: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2024
Sold by
Wa98 Llc
Bought by
Sucrose Llc
Current Estimated Value
$908,126

Purchase Details

Closed on
Mar 20, 2019
Sold by
Wyszkowski Roberto
Bought by
Wa98 Llc

Purchase Details

Listed on
Jul 14, 2015
Closed on
Aug 30, 2015
Sold by
Winston Jerry
Bought by
Wyszkowski Roberto
Seller's Agent
Elena Theodoros-Tamillo
@properties Christie's International Real Estate
Buyer's Agent
Michael Lavorato
Coldwell Banker Real Estate Group
List Price
$624,900
Sold Price
$615,000
Premium/Discount to List
-$9,900
-1.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.91%

Purchase Details

Closed on
Oct 11, 2004
Sold by
Saunders Dan and Saunders Nicole Ottmer
Bought by
Winston Jerry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2001
Sold by
Mccormick Patrick A and Mccormick Mohini M
Bought by
Saunders Dan and Ottmer Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,800
Interest Rate
6.25%

Purchase Details

Closed on
Oct 7, 1998
Sold by
James H Erwin 1996 Declaration Of Trust
Bought by
Erwin James H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,200
Interest Rate
6.25%

Purchase Details

Closed on
Apr 28, 1997
Sold by
Kingdom Homes Inc
Bought by
Mccormick Patrick A and Mccormick Mohini M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,600
Interest Rate
7.75%

Purchase Details

Closed on
Nov 25, 1996
Sold by
Coakley Jerome and Coakley Anna
Bought by
Kingdom Homes Inc

Purchase Details

Closed on
Mar 20, 1996
Sold by
Newell Pius
Bought by
Coakley Jerome and Coakley Anna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
7.36%

Purchase Details

Closed on
Dec 8, 1995
Sold by
Barov Brian P and Sherman Karen L
Bought by
Newell Pius
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sucrose Llc -- Chicago Title
Wa98 Llc -- Accommodation
Wyszkowski Roberto $615,000 First American Title
Winston Jerry $523,000 First American Title Ins Co
Saunders Dan -- 1St American Title
Erwin James H -- --
Mccormick Patrick A $304,000 --
Kingdom Homes Inc -- --
Coakley Jerome $265,000 --
Newell Pius $190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Winston Jerry $300,000
Previous Owner Saunders Dan $342,800
Previous Owner Erwin James H $171,200
Previous Owner Mccormick Patrick A $273,600
Previous Owner Coakley Jerome $165,000
Closed Saunders Dan $64,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/05/2025 05/05/25 Rented $5,300 0.0% --
04/14/2025 04/14/25 For Rent $5,300 +6.0% --
01/05/2024 01/05/24 Rented $5,000 0.0% --
12/11/2023 12/11/23 For Rent $5,000 +11.1% --
07/06/2021 07/06/21 Rented -- -- --
06/17/2021 06/17/21 For Rent $4,500 +2.3% --
06/22/2020 06/22/20 Rented $4,400 -4.3% --
06/15/2020 06/15/20 Under Contract -- -- --
05/13/2020 05/13/20 For Rent $4,600 0.0% --
06/26/2019 06/26/19 Rented $4,600 +7.0% --
06/14/2019 06/14/19 Under Contract -- -- --
06/04/2019 06/04/19 For Rent $4,300 0.0% --
06/03/2019 06/03/19 Under Contract -- -- --
05/28/2019 05/28/19 For Rent $4,300 +7.5% --
01/26/2016 01/26/16 Rented $4,000 0.0% --
01/20/2016 01/20/16 Under Contract -- -- --
11/27/2015 11/27/15 For Rent $4,000 0.0% --
09/01/2015 09/01/15 Sold $615,000 -1.6% $256 / Sq Ft View Prior Sale
08/03/2015 08/03/15 Pending -- -- --
07/14/2015 07/14/15 For Sale $624,900 -- $260 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $11,959 $65,588 $28,051 $37,537
2023 $11,637 $60,000 $22,622 $37,378
2022 $11,637 $60,000 $22,622 $37,378
2021 $11,395 $59,998 $22,621 $37,377
2020 $10,820 $51,672 $9,652 $42,020
2019 $10,620 $56,287 $9,652 $46,635
2018 $10,440 $56,287 $9,652 $46,635
2017 $10,532 $52,299 $8,445 $43,854
2016 $9,975 $52,299 $8,445 $43,854
2015 $9,103 $52,299 $8,445 $43,854
2014 $8,082 $46,127 $6,899 $39,228
2013 $7,911 $46,127 $6,899 $39,228
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12337615

Midwest Real Estate Data (MRED)

APN: 14-20-326-054-1001