461 W Melrose St Chicago, IL 60657
Lakeview East NeighborhoodEstimated payment $15,029/month
Highlights
- Fireplace in Primary Bedroom
- Recreation Room
- Steam Shower
- Deck
- Radiant Floor
- Wine Refrigerator
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.
Listing Agent
Engel & Voelkers Chicago Brokerage Phone: (773) 419-1724 License #475148246 Listed on: 03/17/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $33,886
Year Built
- Built in 1907 | Remodeled in 2020
Lot Details
- Fenced
Home Design
- Brick Exterior Construction
Interior Spaces
- 5,246 Sq Ft Home
- 3-Story Property
- Elevator
- Built-In Features
- Bar Fridge
- Skylights
- Electric Fireplace
- Family Room with Fireplace
- 3 Fireplaces
- Living Room with Fireplace
- Combination Dining and Living Room
- Recreation Room
- Storage Room
Kitchen
- Double Oven
- Cooktop with Range Hood
- Microwave
- High End Refrigerator
- Dishwasher
- Wine Refrigerator
- Stainless Steel Appliances
Flooring
- Wood
- Radiant Floor
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- Fireplace in Primary Bedroom
- Walk-In Closet
- Steam Shower
Laundry
- Laundry Room
- Dryer
- Washer
Finished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
- Sump Pump
- Recreation or Family Area in Basement
- Finished Basement Bathroom
- Basement Storage
- Natural lighting in basement
Home Security
- Home Security System
- Carbon Monoxide Detectors
Parking
- 4 Parking Spaces
- Parking Available
- Driveway
- Parking Included in Price
Outdoor Features
- Deck
- Patio
- Exterior Lighting
Schools
- Nettelhorst Elementary School
- Lake View High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Humidifier
- Heating System Uses Natural Gas
- Lake Michigan Water
- Gas Water Heater
- Cable TV Available
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $37,422 | $168,666 | $47,343 | $121,323 |
| 2024 | $37,422 | $168,666 | $47,343 | $121,323 |
| 2023 | $36,481 | $177,366 | $38,180 | $139,186 |
| 2022 | $36,481 | $177,366 | $38,180 | $139,186 |
| 2021 | $35,666 | $177,365 | $38,180 | $139,185 |
| 2020 | $29,802 | $133,780 | $25,198 | $108,582 |
| 2019 | $30,993 | $154,262 | $25,198 | $129,064 |
| 2018 | $31,587 | $159,907 | $25,198 | $134,709 |
| 2017 | $33,374 | $158,410 | $22,144 | $136,266 |
| 2016 | $31,228 | $158,410 | $22,144 | $136,266 |
| 2015 | $28,547 | $158,410 | $22,144 | $136,266 |
| 2014 | $28,317 | $155,187 | $18,326 | $136,861 |
| 2013 | $27,746 | $155,187 | $18,326 | $136,861 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/21/2026 07/21/26 | Price Changed | $2,240,000 | -10.0% | $427 / Sq Ft |
| 05/27/2026 05/27/26 | Price Changed | $2,490,000 | -8.8% | $475 / Sq Ft |
| 03/17/2026 03/17/26 | For Sale | $2,730,000 | -- | $520 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $966,000 | First American Title | |
| Warranty Deed | $1,265,000 | Pntn |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $772,800 | Adjustable Rate Mortgage/ARM | |
| Closed | $1,048,000 | Fannie Mae Freddie Mac |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12594841
APN: 14-21-314-013-0000
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