Backup offers
#12292913, Taylor Nirchi, Listing Office: Jameson Sotheby's Intl Realty
$2,450,000 List price
1516 W Melrose St Chicago, IL 60657
$10,000
Closing credit¹
5 beds
4 full, 1 partial
5,100 sqft
0.07 acres
$480 / sqft
House
Property details
About 1516 W Melrose St
BURLEY SCHOOL DISTRICT! Extra wide 5,100 sq. ft. South-facing brick and limestone home in the heart of the Southport Corridor that blends luxury, style, and functionality. Redesigned in 2020, and enhanced in 2023 & 2024 to seamlessly blend classic elegance with modern sophistication. Step inside to bright interior with 45 windows, walnut hardwood floors (heated on 1st level and lower level),coffered ceilings, paneled walls, designer sconces, and statement chandeliers. Sleek kitchen has an oversized island, Wolf six-burner cooktop and double oven, Sub-Zero refrigerator, and a two-zone wine fridge with a built-in wine rack. FLOS lighting and quartz countertops elevate the space, which flows seamlessly into the sun-drenched family room featuring a new Montigo 54" gas fireplace- one of four fireplaces throughout the home. The lux primary suite has its own outdoor Summer reading terrace, walk-in closets, gas fireplace, and a spa-like bathroom complete with heated floors, a steam shower, a soaking tub, and separate vanities. The other two bedrooms on the second floor are excellent size with organized closets. The third floor offers a bright office space with a south-facing walkout deck, full bath and a fourth bedroom with a private north-facing deck that has a outdoor fire table. The expansive lower level features high ceilings, an enormous recreation room enhanced with an oynx wet bar, a Sub-Zero wine fridge, and wood burning fireplace. Private outdoor spaces include a paver patio for grilling and a garage roof deck with a full pergola, perfect for al fresco dining. All outdoor terraces were recently built out with Ipe wood, planters, lighting and lush greenery. The guest suite in the lower level has a redesigned bath and is perfect for in-laws, a home gym, or a live-in nanny. Just two blocks from everything the walkable Southport Corridor has to offer, including Whole Foods, Target, parks, Paulina Brown line, and top-rated schools.
Highlights
Home typeSingle Family Residence
HeatingNatural Gas, Forced Air, Radiant
StatusActive
CoolingCentral Air, Zoned
Size5,100 sqft
BasementYes
Lot size0.0717 Acres
Year built2005
MLS #12279329
Garage2 spaces
FireplaceWood Burning, Gas Starter
Summary
- MLS Number: 12279329
- MLS Name: MRED
- Office Name: @properties Christie's International Real Estate
- Office Phone: (773) 472-0200
- Listing Agent: Alishja Ballard
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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Get an agent. Get a mortgage. Save big.¹
$2,450,000
1516 W Melrose St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 20, 2021 | Home Sold | $1,881,500 |
| May 13, 2019 | Home Sold | $1,560,000 |
| Apr 07, 2005 | Home Sold | $1,530,000 |
| Jun 09, 2004 | Home Sold | $513,500 |
| Mar 19, 2004 | Home Sold | $407,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2022 | $172,000 | $34,673 |
| 2021 | $172,000 | $34,587 |
| 2020 | $154,100 | $34,328 |
| 2019 | $167,500 | $32,963 |
| 2018 | $184,743 | $17,958 |
| 2017 | $158,416 | $33,375 |
History based on county public records data.
Nearby schools
9
Skinner Elementary School
Public District PK-5
2.6 mi
•111 S Throop St
4
Henry Elementary School
Public District PK-6
2.8 mi
•4250 N Saint Louis Ave
4
Hibbard Elementary School
Public District PK-6
3.0 mi
•3244 W Ainslie St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $127,930. The majority of Chicago, IL residents have income between $100k-200k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
12%
<35k
28%
35k-100k
31%
100k-200k
29%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
68%
Single, No Kids
1%
Single, with Kids
17%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
2%
12-17 yrs old
55%
18-34 yrs old
27%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Hiking/backpacking
Music Concerts
Art Museums
Where do the neighbors shop?
Bloomingdales
H&M
Banana Republic
Where do the neighbors go to eat?
Starbucks
Chipotle
Boston Market
What do the neighbors drive?
Audi
Volkswagen
Mercedes
What do the neighbors listen to?
Alternative- Rhythmic Contemporary Hits
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1516 W Melrose St
This home is located at 1516 W Melrose St in Chicago, IL and zip code 60657 in the North Side neighborhood. This 5,100 square foot home, which was built in 2005, sits on a 0.07 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since February 24, 2025 and is currently priced at $2,450,000.
Chicago, IL housing market in February 2025 saw over 406 listings sold above listed price, more than 232 sold at listed price and over 629 sold below. Between January and February 2025, Chicago, IL real estate market has seen increase in the number of listings by 16.2%. The median list price of listings available in February 2025 was $369,941, while the average time on the real estate market was 44 days.
From Rocket Homes Real Estate and based on county public records data.