508 W Melrose St #E, Chicago, IL 60657
OFF MARKET

508 W Melrose St #E
Chicago, IL 60657

Lake View
  • 4 Beds
  • 4 Baths
  • 3,491 sqft

$1,205,300

Trulia Estimate
as of Aug 22, 2026
Est. Refi. Payment $8,258/mo*
Refinance Your Home

$1,205,300

Trulia Estimate
as of Aug 22, 2026
Est. Refi. Payment $8,258/mo*
Refinance Your Home
4 Beds
4 Baths
3,491 sqft

Home Value

Trulia Estimate
$1.21M
Since last month
Increased$12K (+1%)
Since last year
Increased$146K (+13.8%)
Since last sale
Decreased$20K (-1.6%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +13% in the last 10 years
MonthEstimated value
2026
August 2026$1.21M
July 2026$1.19M
June 2026$1.2M
May 2026$1.15M
April 2026$1.13M
March 2026$1.14M
February 2026$1.08M
January 2026$1.03M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
415 W Aldine Ave #2B, Chicago, IL
0.09
Condo
$480,000
07/01/26
3
3
2,200
840 W Buckingham Pl, Chicago, IL
0.46
Condo
$1,365,000
06/05/26
3
3
3,600
643 W Melrose St #3, Chicago, IL
0.20
Condo
$1,015,000
06/03/26
3
2
2,400
434 W Oakdale Ave, Chicago, IL
0.39
Condo
$985,000
02/23/26
4
3
2,400
658 W Melrose St #1, Chicago, IL
0.22
Condo
$1,850,000
04/08/26
4
3.5
3,300
545 W Aldine Ave #6E, Chicago, IL
0.07
Condo
$1,260,000
08/28/25
4
5.5
5,400
630 W Wellington Ave #1E, Chicago, IL
0.37
Condo
$1,350,000
04/23/26
4
4
3,500
853 W Roscoe St, Chicago, IL
0.49
Condo
$1,100,000
06/26/26
4
3
2,600
506 W Roscoe St #201, Chicago, IL
0.15
Condo
$1,099,000
09/04/25
3
2.5
2,800
454 W Barry Ave #1, Chicago, IL
0.24
Condo
$1,980,000
10/22/25
4
3.5
2,973

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
461 W Melrose St, Chicago, IL 60657
0.04
$2,100,000
6
4
5,246
For Sale
457 W Melrose St #2, Chicago, IL 60657
0.05
$1,682,400
4
3.5
2,700
Off Market
421 W Melrose St #21AD, Chicago, IL 60657
0.04
$599,900
4
3
3,400
For Sale
508 W Melrose St #W, Chicago, IL 60657
0.00
$1,525,000
3
3.5
3,500
For Sale
508 W Melrose St #4A, Chicago, IL 60657
0.00
$765,800
2
2
1,500
Off Market
508 W Melrose St #4C, Chicago, IL 60657
0.00
$773,900
3
2
1,761
Off Market
468 W Belmont Ave, Chicago, IL 60657
0.08
$998,500
3
1.5
1,800
Off Market
486 W Belmont Ave, Chicago, IL 60657
0.08
$1,020,200
3
3
2,562
Off Market
523 W Melrose St #1A, Chicago, IL 60657
0.05
$477,100
2
1
1,600
Off Market
531 W Melrose St #3E, Chicago, IL 60657
0.05
$511,300
2
1.5
-
Off Market
533 W Melrose St #3F, Chicago, IL 60657
0.05
$515,000
2
1
1,350
Recently Sold
444 W Belmont Ave #3A, Chicago, IL 60657
0.09
$627,300
2
2
1,800
Off Market

Local Information

  • Map ViewExplore the area around 508 W Melrose St #E.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Condo
Year Built
2004
Living Area
3,491 sqft
Price/Sqft
$345
Parking
Garage

About this House

This condo is located at 508 W Melrose St #E, Chicago, IL. 508 W Melrose St #E is in the Lake View neighborhood in Chicago, IL and in ZIP code 60657. This property has 4 bedrooms, 4 bathrooms and approximately 3,491 sqft of floor space. This property has a lot size of 0.26 acres and was built in 2004.
508 W Melrose St #E, Chicago, IL 60657 is a 4 bedroom, 4 bathroom, 3,491 sqft condo in Lake View, built in 2004. It last sold for $1,225,000 on Dec 28, 2020. It is currently off market. The Trulia Estimate is $1,205,300, with a rent estimate of $7,426/month.

Home Details for 508 W Melrose St #E

Interior Features

Heating & Cooling
Heating: Forced Air, GasAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 7ElevatorFloors: Other, Hardwood
Interior Details
Additional StorageNumber of Rooms: 14Types of Rooms: Walk In Closet, Dining Room, Family Room, Laundry Room, Library, Master Bath, Pantry, Sun RoomStorage
Appliances & Utilities
Cable ReadyDishwasherDisposalDryerMicrowaveRefrigeratorWasher
Fireplace & Spa
FireplaceJetted Bath Tub
Windows, Doors, Floors & Walls
Double Paned Windows

Exterior Features

Exterior Home Features
Roof: Built Up, CompositionDeckExterior: Brick, Cement ConcretePatio
Parking & Garage
GarageParking Spaces: 3Parking: Garage Attached

Property Information

Year Built
Year Built: 2004
Property Type / Style
Property Type: CondoArchitecture: Contemporary

Building

Levels, Entrance, & Accessibility
Disabled Access
Community rooms
Fitness Center

Community

Units in Building: 22

Lot Information

Lot Area: 0.26 acres

Additional Information

Intercom

Price and Tax history

DateEventPrice
Dec 28, 2020
Source: N/A
Sold
$1,225,000

Market trends in Lake View

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$560K
$53.33KMoM
Sale-to-List Price
103.3%
1.2%MoM
Price per sq ft
$399
$19MoM
Available listings
255
7MoM

Around this home

Neighborhood Overview

Lake View
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Lake View

At least 928 Trulia users voted on each feature.

  • 97 % Say there are sidewalks

  • 97 % Say it's dog friendly

  • 95 % Say it's walkable to restaurants

  • 93 % Say it's walkable to grocery stores

  • 85 % Say streets are well-lit

  • 79 % Say people would walk alone at night

  • 66 % Say there's holiday spirit

  • 58 % Say kids play outside

  • 55 % Say neighbors are friendly

  • 49 % Say they plan to stay for at least 5 years

  • 47 % Say it's quiet

  • 40 % Say parking is easy

  • 39 % Say there are community events

  • 31 % Say there's wildlife

  • 31 % Say yards are well-kept

  • 29 % Say car is needed

Sourced by Trulia users. Learn more about our methodology.
  • Victoria Martinez
    "It’s a heavily dog friendly city, and some owners are extremely responsible and some are not. I would caution any large green space may mean off leash dogs who are either trained very well or not at all"
    0
    Flag
  • H6trbrfn8j
    "Park events, festivals, outdoor events all summer long. Lake is close and lots of parks with wide open space and playgrounds "
    0
    Flag
  • Veriluna
    "We always have something happening on our neighborhood - festivals, fairs, concerts. Especially in summer time. It is a very live and crowded neighborhood, you never feel bored here."
    0
    Flag
  • Pq4jbd5q7f
    "Fests! Also being so close to the lake, close to multiple libraries, multiple gyms, and walking distance from many grocery stores "
    0
    Flag
  • Pq4jbd5q7f
    "Bar scene in lakeview! Cubs games and restaurants. Going for walks and runs along the lake and going the the gym"
    0
    Flag
  • Brandon Christie
    "I reverse commute to the suburbs for work, 25 mile drive takes about 35min in the morning and 1 hour in the afternoon."
    0
    Flag
  • Jose.martinez.chicago
    "It’s very diverse, great shops, great restaurants, right by the park and lake. It’s beautiful! I can’t see myself living anywhere else. "
    4
    Flag
  • Kevin Chern
    "I work from home but can get just about anywhere in the city without a car. This neighborhood is very good for mobility. "
    1
    Flag
  • James Cloud
    "I’ve lived in the neighborhood for 4 years now. It’s walkable and several major public transit lines are nearby."
    5
    Flag
  • Brian Flanagan
    "Great area for singles, families, old and young. Safe, lots of restaurants, shops, good schools. Close to lake. Close to city via any transport you decided on. "
    0
    Flag
  • Tinlik121212
    "The area is getting bad everyday. I don’t know what is causing this but I hear shootings almost every two weeks or so"
    1
    Flag
  • Sambatjes
    "I’ve lived here for 2 years total (1 year in 2019, and this year 2024). Areas fun but pretty expensive. Surprisingly a lot of great asian food but lacking a solid pizza spot. Over fine to live here, but wouldn’t be living hear if I wasn’t lucky enough to have scored a cheap apartment "
    12
    Flag
  • Trulia User
    "The HOA is a downside of having this aera your neighbors are too close. Keeping your kids out of the lake or drowning would be a construct reminder"
    1
    Flag
  • Trulia User
    "Its a quit and friendly neighborhood I’ve live here and i also work around the neighborhood to all parents live down here you don’t have to worry about your kids "
    0
    Flag
  • Trulia User
    "Good morning nice neighbors I’ll keep it clean. We respect one another I do not have any pets. Nice decorations for the holidays. Back to school giveaways, garage sales, nice humble, and friendly neighbors"
    1
    Flag
  • Trulia User
    "It is a dog friendly neighbourhood with plenty of pet loving people that keep it clean in the same time"
    1
    Flag
  • Trulia User
    "this neighborhood is very unique because everything is walking distance, a lot stores , restaurants, gyms and good places to hang out with friends. In addition there are a lot bars with good quality of beer. "
    4
    Flag
  • Trulia User
    "I don't know of any events at this time. oh there's always the first day of summer, and opening day at Wrigley. also opening day at the beach"
    2
    Flag
  • Trulia User
    "good access to busses and not too awful of a walk to red,brown or purple line trains. Trains are mostly on time"
    0
    Flag
  • Andrew F.
    "This neighborhood used to be very safe and quiet. Now recently I have heard gunshots out my window and there was a drive-by shooting right at the end of my street in the afternoon! After 13 years I am leaving."
    11
    Flag
  • Trulia User
    "So much to do…restaurants, bike and walking paths, Divy, and boating. Beautiful parks and a zoo is close. "
    2
    Flag
  • Trulia User
    "There are so many options at all times, divvy bikes, trains, buses, ride chairs, and walking distance to so many places"
    1
    Flag
  • Trulia User
    "Great access to shopping, bars, restaurants, and parks. Nice area and the neighbors seem friendly. Lots of kids in this area."
    0
    Flag
  • Trulia User
    "There is still a lot of original character and flavor in this neighborhood. Still host to several well-established ethnic / cultural minority residents, whose language and foods flow through the air at any restaurant or cafe, perfuming the ambiance with enough spice to attract both locals and foreign alike."
    1
    Flag
  • Trulia User
    "There’s some local street festivals that make things pretty fun every year, especially when the weather is nice. I recommend them because they’re enjoyable!"
    0
    Flag
  • Trulia User
    "Very pet friendly. Owner clean after their dogs. Lots of dog runs and park for pets. Pet shops are plenty. "
    0
    Flag
  • Trulia User
    "I think it's a safe neighborhood for the city of Chicago. I think there's a lot to do and everything is either within walking distance or very close with the help of public transportation."
    0
    Flag
  • Trulia User
    "My neighborhood has good transportation as it is very close to the EL and the brown line runs through it, as well as some stops on the red! Lots of bus stops throughout as well."
    0
    Flag
  • Trulia User
    "My neighborhood is beautiful and lively, lots to do everywhere and great for walkers. So close to the beach and amazing to spend the summer in! Good transport for the brown and red lines."
    0
    Flag
  • Trulia User
    "I’ve lived in this neighborhood about eight months overall very safe and assessable to anything your heart me desire however it’s a tad racist🤷‍♂️"
    1
    Flag
  • Trulia User
    "Very family friendly!! Very dog friendly! Very public transit friendly! Very close to everything! Has just about everything!"
    0
    Flag
  • Trulia User
    "The express bus gets me downtown in 10 minutes instead of 40 minutes with the local bus. The trains get him anywhere in the city swiftly."
    0
    Flag
  • Trulia User
    "Lakeview seems to be a family friendly place. There are accessible parks nearby. It’s kind of unclear how good the schools are. "
    0
    Flag
  • Trulia User
    "Almost everyone in this neighborhood is a dog owner. It’s common place, and I believe there is a dog park nearby. "
    0
    Flag
  • Trulia User
    "Lots of dog friendly rentals, and for the most part, people are good about picking up after their pets."
    0
    Flag
  • Trulia User
    "Very friendly and walkable with quiet side streets that are great for dogs. There are sidewalks everywhere and the areas is very clean. There are so many dogs in the area as well and it seems like a great place to walk them and make sure they get socialization. Everyone is friendly and it seems like there are a lot of dog-friendly buildings and units in the area. "
    0
    Flag
  • Trulia User
    "I have lived here for 11 years near Hamlin Park...very kid friendly and safe. the baseball programs and pool are amazing and fun."
    0
    Flag
  • Trulia User
    "Easy - Train, bus, car everything is easy to access. cheap. can park most places but also a lot of permit parking."
    0
    Flag
  • Samantha
    "Easy walking, lake is close, many dog parks, friendly people. Vet is right on the main road and very popular. Lots to do to keep your dog active. Sooooooooooooooo fun"
    5
    Flag
  • Begordon.favors
    "Dog owners are respectful and considerate. Picking up after their dog and keeping them on a lease. There is a dog park in the neighborhood."
    3
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 508 W Melrose St #E

  • What is 508 W Melrose St #E estimated to be worth?
    Trulia's estimated value for 508 W Melrose St #E in Chicago, IL is $1,205,300.
  • What is the price history for 508 W Melrose St #E?
    508 W Melrose St #E in Chicago, IL last sold for $1,225,000 in December 2020.
  • Is Chicago a buyer's or seller's market?
    Chicago is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Chicago?
    The median sale price in Chicago is $560K. That is up $53.33K from the prior month.
  • Does 508 W Melrose St #E have air conditioning?
    Yes, 508 W Melrose St #E in Chicago, IL has air conditioning.
  • Does 508 W Melrose St #E have laundry facilities?
    Yes, 508 W Melrose St #E in Chicago, IL has in-unit laundry.

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Apartments for Rent

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Off Market Homes Near 508 W Melrose St #E

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Homes for sale near 508 W Melrose St #E

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