NOT LISTED FOR SALE

516 W Melrose St Unit 408 Chicago, IL 60657

Lakeview East Neighborhood
1 Bed
1 Bath
650 Sq Ft
1970 Built

Highlights

  • Elevator
  • Intercom
  • Laundry Room
  • Nettelhorst Elementary School Rated A-
  • Living Room
  • Dining Room

About This Home

As of October 2025

Vintage East Lakeview 1 bed/1 bath with cooking gas and heat included. Tons of closets. Parking on-site - currently 1-2 month waitlist. Cat-friendly w/ one-time fee. No monthly pet rent. No security deposit - $500 move in fee. $1600 for a lease that ends 3/31/27; $1700 for a shorter term.

Last Agent to Rent the Property

Patrick Rovito

Fulton Grace Realty Brokerage Email: provito@fultongrace.com License #475200012 Listed on: 10/16/2025

Fulton Grace Realty

Last Renter's Agent

Patrick Rovito

Fulton Grace Realty Brokerage Email: provito@fultongrace.com License #475200012 Listed on: 10/16/2025

Fulton Grace Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Parking

  • 1 Car Garage
  • Driveway

Home Design

  • Property Attached
  • Entry on the 4th floor
  • Studio
  • Brick Exterior Construction

Interior Spaces

  • 650 Sq Ft Home
  • Family Room
  • Living Room
  • Dining Room
  • Intercom
  • Range
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 1 Full Bathroom

Utilities

  • Radiator
  • Lake Michigan Water

Listing and Financial Details

  • Property Available on 10/1/25
  • Rent includes gas, heat, water, snow removal
  • 12 Month Lease Term

Community Details

Overview

  • 40 Units
  • Mid-Rise Condominium
  • 5-Story Property

Amenities

  • Coin Laundry
  • Elevator

Pet Policy

  • Pets up to 20 lbs
  • Cats Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Parking

1

Rental Info

  • Available Date: 2025-10-01
  • Lease Term: 12 Months
  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Rental Price: 1700
  • Is Parking Included in Price: No
  • Max Pet Weight: 20

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Type Attached: Mid Rise (4-6 Stories),Studio
  • EntryLevel: 4
  • Property Attached: Yes
  • Property Sub-Type: Mid Rise (4-6 Stories),Studio
  • Year Built: 1970
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Attribution Contact: provito@fultongrace.com
  • MRD_WaterViewYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 5

Interior Features

  • Appliances: Range, Refrigerator
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Furnished: No
  • LivingArea: 650
  • Room Type: No additional rooms
  • Stories Total: 5
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0

Exterior Features

  • Construction Materials: Brick
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Asphalt, On Site, Attached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall Unit(s)
  • Heating: Radiator(s)
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK
  • Association Amenities: Coin Laundry, Elevator(s), Intercom
  • Rent Includes: Gas, Heat, Water, Snow Removal
  • Management: Manager On-site,Monday through Friday

Lot Info

  • Lot Dimensions: COMMON

Multi Family

  • Units in Building: 40

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2025 11/15/25 For Rent $1,600 -5.9% --
10/16/2025 10/16/25 Rented $1,700 0.0% --
10/16/2025 10/16/25 For Rent $1,700 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12490640

Midwest Real Estate Data (MRED)