Zumper
modified
5+ Days Ago

Highlights

  • Pet Friendly
  • Great closet space
  • Close to restaurants, shopping, and transportation
  • Refinished hardwood floors
  • New security and intercom system

Location

4014 W Melrose St, Chicago, IL 60641, USA|Irving Park
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Contact

Management

DrexelXPM LLC

Leasing office

(708) 568-0798

Property Overview

Melrose offers strong overall value with an 8.9/10 expert rating, including top marks for price, high scores for location and quality, and solid trustworthiness. Residents benefit from great closet space, refinished hardwood floors, and a new security and intercom system, along with convenient access to restaurants, shopping, transportation, and nearby top-rated schools.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.9
Very Good
With a solid 8.9 out of 10 overall, Melrose is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Melrose has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • High school nearby
  • Elementary school nearby
  • Less expensive

Great for

  • Pet owners

Floor plans

0BR/1.0BAStudio1 bath550 sqft$1,300 /mo1 unit availableRehabbed studio apartment in completely rehabbed building. This unit features: - refinished hardwood floors - new kitchen cabinets and Frigidaire appliances - great closet space - new thermopane windows - new security and intercom system - across street from laundry mat - close to restaurants, shopping and transportation There is a $400 one-time move-in fee. Please check our website at www DrexelProperties com for update. Call 773-667-9760 for more info

Let's explore this property.

Amenities for Melrose

Building

Cats OKDogs OK
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units33
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About Melrose

HomeApartments in ChicagoIrving Park Melrose

Rehabbed studio apartment in completely rehabbed building. This unit features: - refinished hardwood floors - new kitchen cabinets and Frigidaire appliances - great closet space - new thermopane windows - new security and intercom system - across street from laundry mat - close to restaurants, shopping and transportation There is a $400 one-time move-in fee. Please check our website at www DrexelProperties com for update. Call 773-667-9760 for more info


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.9
/10
Very Good
With a solid 8.9 out of 10 overall, Melrose is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Melrose has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Melrose
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Melrose offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Melrose is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Melrose is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
Melrose has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Melrose provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Melrose is great for:

Pet owners

  • 3 dog parks within 1 mile
  • 15 pet supply stores near the property
  • 4 pet hospitals in the area
  • 1 pet grooming service nearby

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Melrose compares to other nearby properties.

Positives

High school nearby
There is a high school 0.2 mile away
Elementary school nearby
There is an elementary school 0.2 mile away
Less expensive
The 2-bedrooms are cheaper than other similar listings nearby

Considerations

Greater distance from middle schools
The nearest middle school is farther than 2 miles away
Lacks images
Fewer than 10 photos available for this location

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Rent trends in Irving Park

studio apartments at Melrose cost about the same as the average rent price for studio apartments in Irving Park.

Median rents as of May 23 2026.
Irving Park
Chicago
A table of studio rental data trends in Chicago
MonthMedian Rent
June 2024$1,758
July 2024$1,931
August 2024$1,691
September 2024$1,682
October 2024$1,630
November 2024$1,568
December 2024$1,501
January 2025$1,483
February 2025$1,495
March 2025$1,520
April 2025$1,512
May 2025$1,502
June 2025$1,531
July 2025$1,580
August 2025$1,516
September 2025$1,473
October 2025$1,495
November 2025$1,520
December 2025$1,495
January 2026$1,496
February 2026$1,516
March 2026$1,657
April 2026$1,637
May 2026$1,681
A table of studio rental data trends in Irving Park
MonthMedian Rent
June 2024$1,052
July 2024$1,067
August 2024$1,052
September 2024$1,100
October 2024$1,100
November 2024$1,100
December 2024$1,100
January 2025$1,100
February 2025$1,100
March 2025$1,162
April 2025$1,234
May 2025$1,170
June 2025$1,161
July 2025$1,200
August 2025$1,198
September 2025$1,198
October 2025$1,197
November 2025$1,169
December 2025$1,200
January 2026$1,189
February 2026$1,157
March 2026$1,143
April 2026$1,212
May 2026$1,287

Affordability calculator

Can I afford to live at 4014 W Melrose St?

Bedrooms

Studio

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$52,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $52,000 annually to afford this studio monthly rent price of $1,300.
For more information on rent affordability, visit our rent calculator.

Schools near Melrose

Federico Garcia Lorca Elementary School

3231 n springfield ave

chicago, IL, 60618

PK, K-8Public
C

North River Elementary School

4416 n troy st

chicago, IL, 60625

PK, K-8Public
C+

Belmont-Cragin Elementary School

5252 w palmer st

chicago, IL, 60639

PK, K-8Public
C-

Chicago Commons Taylor Center for New Experiences

1633 north hamlin ave

chicago, IL, 60647

PKPublic

Albany Park Community Center

5101 n kimball ave 1

chicago, IL, 60625

PKPublic
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Internet available near Melrose

Getting around Chicago near 4014 W Melrose St

Walking

10/10
No car? No problem. Everything you need is within a few blocks.

Driving

5/10
This area is accessible to thoroughfares and has ample parking options.

Cycling

7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

8/10
Popular public transit options are just a short walk from this location.

Points of interest for 4014 W Melrose St, Chicago

Groceries

8/10
At least one supermarket within a 10-minute walk

Shopping

7/10
Several shops within a few minutes’ walk

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

8/10
Variety of restaurants within a few minutes' walk

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

9/10
At least one high school within a 5-minute walk

Parks

7/10
Large amount of park space nearby

Nightlife

7/10
Several bars within a few minutes’ walk

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