Landlord's Agent in 2025
Julie Chesne
Compass
(773) 807-8580
4 in this area
165 Total Sales
1316 W Melrose St Unit 2 Chicago, IL 60657
Lakeview Neighborhood
3
Beds
3
Baths
2,600
Sq Ft
$348
Price per Sq Ft
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 April 2025Welcome to this stunning duplex up penthouse located in the highly sought-after Southport Corridor and Burley School District. Step inside and be greeted by an abundance of natural light that fills the spacious living spaces. The soaring vaulted ceilings and skylights create an airy and open atmosphere throughout. This home offers not one, but two separate living and dining areas, providing ample space for relaxation and entertainment. Each level is equipped with its own wood-burning fireplace, adding warmth and charm to the home. The two generously sized master suites are a true highlight, boasting walk-in closets and private back decks. Enjoy your own private oasis within the comfort of your home. Perfectly suited for hosting gatherings, this home offers the ideal layout for entertaining family and friends. Whether it's a cozy night by the fire or a summer barbecue on the back decks are an added plus! One garage space included with rent. Located just steps away from Wrigley Field, you'll have easy access to all the excitement and energy of the area, while still enjoying a peaceful and quiet living environment. Explore the vibrant neighborhood with its array of great restaurants, shops, and local nightlife. And don't forget the beautiful lakefront, just a short walk away, offering endless outdoor activities and stunning views.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,925
Year Built
- Built in 1997
Lot Details
- Lot Dimensions are 25x125
Parking
- 1 Car Garage
- Parking Included in Price
Home Design
- Duplex
- Entry on the 2nd floor
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,600 Sq Ft Home
- 2-Story Property
- Wet Bar
- Skylights
- Wood Burning Fireplace
- Gas Log Fireplace
- Family Room with Fireplace
- 2 Fireplaces
- Living Room with Fireplace
- Combination Dining and Living Room
- Wood Flooring
Kitchen
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- Main Floor Bedroom
- 3 Full Bathrooms
- Dual Sinks
- Whirlpool Bathtub
- Separate Shower
Laundry
- Laundry Room
- Laundry in multiple locations
- Dryer
- Washer
Outdoor Features
- Balcony
- Deck
Schools
- Burley Elementary School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- 100 Amp Service
- Lake Michigan Water
Listing and Financial Details
- Property Available on 3/1/24
- Rent includes water, parking
- 12 Month Lease Term
Community Details
Overview
- 2 Units
Pet Policy
- No Pets Allowed
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
Purchase Details
Closed on
Apr 30, 2018
Sold by
Hamilton Jane and Winkfield Michael W
Bought by
Wa 98 Llc
Purchase Details
Closed on
Mar 15, 2007
Sold by
Erwin James H
Bought by
Declaration Erwin James H and James H Erwin 1996 Declaration Of Trust
Purchase Details
Closed on
Mar 25, 1997
Sold by
Kingdom Homes Inc
Bought by
James H Erwin 1996 Declaration Of Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.65%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sucrose Llc | -- | Chicago Title | |
| Wa 98 Llc | $570,000 | Petra Title Llc | |
| Declaration Erwin James H | -- | None Available | |
| James H Erwin 1996 Declaration Of Trust | $375,000 | Mercury Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | James H Erwin 1996 Declaration Of Trust | $175,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/01/2025 04/01/25 | Rented | $5,250 | +1.0% | -- |
| 03/12/2025 03/12/25 | For Rent | $5,200 | +4.0% | -- |
| 04/02/2024 04/02/24 | Rented | $5,000 | 0.0% | -- |
| 03/07/2024 03/07/24 | Under Contract | -- | -- | -- |
| 02/15/2024 02/15/24 | For Rent | $5,000 | +16.3% | -- |
| 06/27/2020 06/27/20 | Rented | $4,300 | 0.0% | -- |
| 06/16/2020 06/16/20 | Price Changed | $4,300 | -6.5% | $2 / Sq Ft |
| 05/12/2020 05/12/20 | For Rent | $4,600 | +7.0% | -- |
| 06/07/2019 06/07/19 | Rented | $4,300 | 0.0% | -- |
| 06/03/2019 06/03/19 | Under Contract | -- | -- | -- |
| 05/28/2019 05/28/19 | For Rent | $4,300 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $13,925 | $72,492 | $31,004 | $41,488 |
| 2023 | $13,575 | $66,000 | $25,003 | $40,997 |
| 2022 | $13,575 | $66,000 | $25,003 | $40,997 |
| 2021 | $13,272 | $65,999 | $25,003 | $40,996 |
| 2020 | $12,723 | $57,111 | $10,668 | $46,443 |
| 2019 | $12,499 | $62,213 | $10,668 | $51,545 |
| 2018 | $11,611 | $62,213 | $10,668 | $51,545 |
| 2017 | $11,717 | $57,804 | $9,334 | $48,470 |
| 2016 | $11,077 | $57,804 | $9,334 | $48,470 |
| 2015 | $10,112 | $57,804 | $9,334 | $48,470 |
| 2014 | $8,983 | $50,983 | $7,625 | $43,358 |
| 2013 | $8,794 | $50,983 | $7,625 | $43,358 |
Source: Public Records
Agents Affiliated with this Home
-
Julie Chesne
-
Chris Chesne
Landlord's Co-Listing Agent in 2025
Chris Chesne
Compass
(773) 807-8570
28 Total Sales
-
Samuel Friedell
Tenant's Agent in 2025
Samuel Friedell
Compass
(312) 401-1558
1 Total Sale
-
John Floros
J
Buyer's Agent in 2024
John Floros
Fulton Grace
(773) 698-6648
1 in this area
255 Total Sales
-
I
Seller's Agent in 2020
Ines Lovinello-Walker
d'aprile properties
-
Kat Barry
Buyer's Agent in 2020
Kat Barry
Compass
(412) 735-2852
1 in this area
198 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12288000
APN: 14-20-326-054-1002
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