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Price cut: $240,000
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Detached Single · Chicago, IL
$2,490,000$2,730,000
6 beds · 4 baths · 5,246 sqft
461 W Melrose Street, Chicago, IL, 60657
A brick-and-mortar place to make your own — room to make it home.
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What’s special

Central airIn-unit laundry
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.
— the listing agent’s description

The home

6 beds
4 baths
5,246 sqft
Built in 1907
Lot 3818
Detached Single

What it’ll cost

$475 / sqft
$33,886 taxes / yr
No HOA
Listed $2,730,000
Now $2,490,000
78 days on dwello

Estimated monthly payment

$16,789/mo
Principal & interest$13,239
Property taxes$2,824
Homeowners insurance$726
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Tour this home

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Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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78 days on dwello
Price history
Price reduced
Jun 2, 2026
↓ $240,000$2,490,000
Listed for sale
Mar 18, 2026
$2,730,000
Now $240,000 below the original list price.
Property taxes
2025
Annual tax bill (MLS)
$33,886/yr
Assessed value
2026
County assessor
$168,666~$1,686,660 mkt
2025
$168,666~$1,686,660 mkt
2024
$168,666~$1,686,660 mkt
2023
$177,366~$1,773,660 mkt
2022
$177,366~$1,773,660 mkt
2021
$177,366~$1,773,660 mkt
2020
$133,781~$1,337,810 mkt
2019
$154,262~$1,542,620 mkt
Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.

Features

Central AirZonedNatural GasForced AirRadiant FloorBrickPublic SewerConcreteDriveway

Schools

Elementary — Nettelhorst Elementary School
Middle — Nettelhorst Elementary School
High — Lake View High School
Assigned schools per the listing — always verify enrollment + boundaries with the district.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Lorenzo Sanchez · Engel & Voelkers Chicago
Listing last updated Jun 2, 2026 · data refreshed from the MLS Jun 17, 2026, 6:22 PM CT
Based on information submitted to the MLS GRID as of Jun 17, 2026, 6:22 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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