Nearby rentals
Renter hub
Property management
Features
| Balcony | Central Air |
| Fireplace | Hardwood Floor |
| Natural Gas | Walk-in Closet |
Appliances
| Dishwasher | In-Unit Laundry |
Community
| Elevator | EV Charging |
| Exterior Type: Brick | Onsite Laundry |
| Roof Type: Rubber |
Grounds
| Garage Parking |
Other
| Exterior Type: Concrete | Five Rooms |
One-time.
One-time. Refundable.
Property Status: Active Spectacular EAST LAKEVIEW split 2BR/2BA condo in a boutique elevator building with over 1650 SF of living space, private south-facing balcony, in-unit laundry, attached HEATED garage parking included (EV charging available), and an ultra prime location on tree-lined Melrose steps to the lake, Broadway, CTA, Nettelhorst School, and the very best Chicago has to offer! Built new in 2005, this meticulously maintained home features an immensely livable layout showcasing a sunny, light-filled, open-concept living room/dining room/kitchen with solid oak hardwood flooring, a fireplace (decorative only) with classic white wood mantle, and a gourmet chef's kitchen with beautiful 42" cabinetry, thick granite countertops, center island with breakfast bar seating, and stainless steel appliances including a wine fridge. The spacious primary suite offers a walk-in closet and an elegant marble en-suite bathroom with extra-long dual vanity, tub, and separate shower. The well-proportioned second bedroom faces south over Melrose, and has an adjacent full bathroom for added convenience. 1 gig internet included. Tenant responsible for monthly cable, gas, electric. Amazing opportunity. Welcome home to the very best of urban residential living! Office Phone: (773) 742-1318 Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
How 508 West Melrose Street, Chicago, IL 60657, USA compares to other nearby properties.
Positives
Considerations
| Neighborhood | Lakeview |
|---|---|
| Zip code | 60657 |
| Type | Condo for rent |
2-bedroom apartments at 508 W Melrose St #5D cost about 57% more than the average rent price for 2-bedroom apartments in Chicago.
| Month | Median Rent |
|---|---|
| June 2024 | $2,845 |
| July 2024 | $2,862 |
| August 2024 | $2,702 |
| September 2024 | $2,706 |
| October 2024 | $2,704 |
| November 2024 | $2,621 |
| December 2024 | $2,508 |
| January 2025 | $2,470 |
| February 2025 | $2,498 |
| March 2025 | $2,508 |
| April 2025 | $2,495 |
| May 2025 | $2,498 |
| June 2025 | $2,498 |
| July 2025 | $2,550 |
| August 2025 | $2,491 |
| September 2025 | $2,419 |
| October 2025 | $2,402 |
| November 2025 | $2,428 |
| December 2025 | $2,348 |
| January 2026 | $2,436 |
| February 2026 | $2,425 |
| March 2026 | $2,537 |
| April 2026 | $2,503 |
| May 2026 | $2,574 |
| June 2026 | $2,595 |
| Month | Median Rent |
|---|---|
| June 2024 | $2,695 |
| July 2024 | $2,703 |
| August 2024 | $2,740 |
| September 2024 | $2,722 |
| October 2024 | $2,624 |
| November 2024 | $2,568 |
| December 2024 | $2,541 |
| January 2025 | $2,548 |
| February 2025 | $2,683 |
| March 2025 | $2,755 |
| April 2025 | $2,761 |
| May 2025 | $2,740 |
| June 2025 | $2,795 |
| July 2025 | $2,796 |
| August 2025 | $2,756 |
| September 2025 | $2,751 |
| October 2025 | $2,742 |
| November 2025 | $2,695 |
| December 2025 | $2,662 |
| January 2026 | $2,695 |
| February 2026 | $2,770 |
| March 2026 | $2,850 |
| April 2026 | $2,933 |
| May 2026 | $3,050 |
| June 2026 | $3,111 |
Can I afford to live at 508 W Melrose St #5D?
Bedrooms
2 bedroomsRent-to-income ratio
30%
$196,000/yr
| Bath | |||||
|---|---|---|---|---|---|
| 3 years ago | $3,200 | 2 bed | 2 bath | ||
| 5 years ago | $3,620 | 3 bed | 2 bath | ||
| 7 years ago | $4,303 | 3 bed | 2 bath | ||
| 7 years ago | $3,595 | 3 bed | 2 bath | ||
| 8 years ago | $4,303 | 3 bed | 2 bath | ||
| 8 years ago | $3,000 | 2 bed | 2 bath | ||
| 8 years ago | $3,000 | 2 bed | 2 bath | ||
| 12 years ago | $3,000 | 2 bed | 2 bath |
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In-Unit Laundry • Dishwasher • Fireplace
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2 Beds
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Balcony • In-Unit Laundry • On-Site Laundry • Air Conditioning • Carpet • Hardwood Floor
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