508 West Melrose Street

508 West Melrose Street is a condo located in Lake View East, Chicago. The building was first built in 1971 and is 53 years old. 508 West Melrose Street has a total of 4 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! On weekends, residents can enjoy the building's deck. There are 15 closings on record, of which we have matching data for 1 listings. In the past 3 years, a listing in this building will typically remain on the market for about 313 days and tend to sell below the original asking price of $625,000 by 10.72%. Meaning, listings tend to sell at a median of $424 price per square foot. The transaction that took the longest to complete was unit 3A, listed on Sep 12, 2019 for $625,000. This particular unit ultimately sold 313 days later for $558,000. The most recent transaction was for unit 6C, sold for $654,000 on Jul 28, 2021. Fun fact, the oldest transaction we have on record took place on Aug 13, 2004. See the full transaction history for 508 West Melrose Street below.

Lake View East, where 508 West Melrose Street is located, has a median asking price of $280,000 for condo buildings. Meanwhile, the building itself has a median asking price of $625,000. For interested buyers, that means the building's median asking price is around inf% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $1,600,000. It is a 3-bedroom and 3.5-bathroom unit.