Lakeview Park Place 508 W Melrose St Unit PHW Floor 7 Chicago, IL 60657
Lakeview East NeighborhoodEstimated payment $12,079/month
Highlights
- Fitness Center
- Penthouse
- Lock-and-Leave Community
- Nettelhorst Elementary School Rated A-
- Open Floorplan
- Family Room with Fireplace
About This Home
Rarely available approx. 3,500 sq ft on one-floor penthouse in elegant East Lakeview elevator building. Single-family home living in this spacious and well planned 3 bedroom plus study, 3.5 bath unit. Included with the unit are in building 3 deeded side by side heated garage parking spaces. Walk in and be amazed at the open concept kitchen, living room, and dining room area, perfect for entertaining and everyday living. This bright and extra wide unit offers privacy and views facing south, north and west. There is no shortage of natural light throughout, including 4 skylights that enhance the overall brightness of the unit. Updated kitchen offers caesarstone quartz countertops, peninsula and island perfect for entertaining and cooking. Walk out to the expansive terrace through two sets of double french doors, accessed from the living and dining room, and enjoy the sunset or your morning coffee. The terrace is equipped with a gas line for all your barbeque needs. Unit features high ceilings with beautiful ceiling details with crown molding throughout the unit, spacious living room area large enough for a sectional or two sofas, hardwood floors throughout, side by side washer dryer and loads of storage space. Cuddle up next to one of the two wood burning gas starter fireplaces and enjoy a glass of wine. Large primary bedroom with walk in closet, 2 sets of double closets, balcony and spa-like bathroom with dual vanities, whirlpool and separate shower. Second and third bedrooms are both ensuite and have ample storage and space for a king size bed. The study could serve as an extra bedroom, nursery, reading room or gym. Don't miss the opportunity to live in this spectacular home in the heart of East Lakeview, surrounded by bars, restaurants and coffee shops. Walking distance to grocery stores and the "L". Welcome home!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $29,172
Year Built
- Built in 2003
HOA Fees
- $1,363 Monthly HOA Fees
Parking
- 3 Car Attached Garage
- Heated Garage
- Parking Available
- Garage Door Opener
- Shared Driveway
- Parking Included in Price
Home Design
- Penthouse
- Entry on the 7th floor
- Brick Exterior Construction
Interior Spaces
- 3,500 Sq Ft Home
- Open Floorplan
- Bookcases
- Wood Burning Fireplace
- Fireplace With Gas Starter
- Drapes & Rods
- Blinds
- Family Room with Fireplace
- 2 Fireplaces
- Living Room with Fireplace
- Combination Dining and Living Room
- Utility Room with Study Area
- Storage
- Wood Flooring
- Intercom
Kitchen
- Double Oven
- Gas Cooktop
- Range Hood
- Microwave
- High End Refrigerator
- Dishwasher
- Wine Refrigerator
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- Walk-In Closet
- Dual Sinks
- Whirlpool Bathtub
- Separate Shower
Laundry
- Laundry Room
- Dryer
- Washer
Schools
- Nettelhorst Elementary School
- Lake View High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Balcony
- Additional Parcels
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include water, insurance, security, exercise facilities, scavenger, snow removal, internet
- 22 Units
- Rosen Management Services Association, Phone Number (773) 313-0025
- Park Plaza At Belmont Harbor Subdivision
- Property managed by Rosen Management Services
- Lock-and-Leave Community
- 7-Story Property
Amenities
- Community Storage Space
Recreation
Pet Policy
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
- Carbon Monoxide Detectors
Map
About Lakeview Park Place
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 | $26,275 | $122,276 | $9,409 | $112,867 |
| 2024 | $26,275 | $122,276 | $9,409 | $112,867 |
| 2023 | $25,575 | $130,500 | $7,588 | $122,912 |
| 2022 | $25,575 | $130,500 | $7,588 | $122,912 |
| 2021 | $25,037 | $130,499 | $7,587 | $122,912 |
| 2020 | $21,987 | $104,285 | $5,007 | $99,278 |
| 2019 | $21,708 | $114,222 | $5,007 | $109,215 |
| 2018 | $21,341 | $114,222 | $5,007 | $109,215 |
| 2017 | $19,857 | $98,318 | $4,400 | $93,918 |
| 2016 | $19,192 | $98,318 | $4,400 | $93,918 |
| 2015 | $17,536 | $98,318 | $4,400 | $93,918 |
| 2014 | $15,285 | $84,953 | $3,604 | $81,349 |
| 2013 | $14,973 | $84,953 | $3,604 | $81,349 |
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 |
|---|---|---|---|---|
| 04/09/2026 04/09/26 | Price Changed | $1,525,000 | 0.0% | $436 / Sq Ft |
| 04/09/2026 04/09/26 | For Sale | $1,525,000 | -1.6% | $436 / Sq Ft |
| 04/09/2026 04/09/26 | Off Market | $1,550,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12506348
APN: 14-21-312-055-1021
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Ask me questions while you tour the home.