2 months on rocket

627 W Melrose St, Chicago, IL, 60657

$2,499,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
7 Full Baths, 1 Partial
6,000 SqFt
$417/SqFt
House
Schools Nearby

Location

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627 W Melrose St, Chicago$2,499,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingSide Apron
Garage3 spaces
Year Built1895
HeatingNatural Gas, Steam, Radiant
CoolingCentral Air, Zoned
BasementYes
MLS #11901348
StatusActive

About 627 W Melrose St

Cozy Urban Retreat in the Heart of Lakeview! Nestled in the vibrant East Lakeview neighborhood of Chicago, this charming Historic 125-year-old Brick Victorian offers a unique blend of urban convenience and tranquil living. With its prime location, an extra wide/deep 37.5X157 lot and thoughtfully designed spaces, this 4-level home presents an exceptional opportunity to experience the best of city living. The residence exudes timeless elegance with its blend of vintage details which have been painstakingly restored and updated. This 6000+ sqft of living space with 8+ bedrooms and 7.1 bathrooms home has custom trim details, plaster moldings and stained glass/leaded beveled edge windows throughout to create an inviting atmosphere throughout. As you approach the home you will find the large covered front porch inviting you into the formal double door wood paneled vestibule. On the 1st level you will find a formal front parlor room with stunning leaded beveled edge and stained glass windows, tall coved ceilings, ornate gas fireplace with beautifully detailed wood-mirrored mantle and stone/tiled hearth and original pocket doors that open into the large living room. The grand living room has tall coffered ceilings featuring magnificent plaster moldings with intricate details, wood paneled walls, portrait lighting/wall sconces, stunning leaded beveled edge glass bay window, gas fireplace with wood/tiled mantle and hearth with custom built-in cabinetry and leaded glass windows. The living room also has the original pocket doors leading into the formal dining room. The dining room has leaded beveled edge glass windows, coved ceilings, portrait lighting/wall sconces, wood paneled walls with custom built-in cabinetry and elegant built-in hutch with buffet. The well-appointed modern eat-in kitchen features high end Wolf, Sub Zero, Miele appliances, ample storage in the substantial custom cabinets and butler's pantry and a convenient layout that makes cooking a pleasure. Whether you're preparing a gourmet meal or a quick snack, this kitchen caters to your culinary needs. The 2nd level has 4+ bedrooms, 3 full baths and full-size laundry room with kitchenette. The 3rd level has an additional 3+ bedrooms, 2 baths and kitchen, ideal for additional living arrangement. Throughout the home are gleaming hardwood floors which have been restored to full beauty. Enter the fully finished basement and be amazed by the space, finishes and functionality. The basement features a large recreation room with gas fireplace, 2 full baths, exercise room and large bonus/storage room with extra refrigerator and sink. Hotwater radiant heat and Zoned Central AC thru-out the home. Step outside to your private outdoor space - a serene oasis in the heart of the city. Whether you're enjoying a morning coffee or unwinding in the evening breeze, this area is perfect for relaxation. Enjoy the large, covered porch off the rear of the kitchen which leads out to a lovely private garden and the rare side yard with blue stone path to front side drive with gated parking pad. In the rear of the property is a coach house which has a 3 car heated garage with a lower level 3500 bottle climate controlled wine cellar below and a 2 bedroom, 1 bath living space above. The coach house living space is ideal for a Live-in Nanny, Extended family or Additional rental income as its currently rented for $2,090 a month. There is additional parking pad next to garage currently used by the coach house tenant. Access to public transportation and major thoroughfares ensures easy mobility around the city. Walk to parks, lake, nightlife and shopping. This is more than a home; it's a lifestyle opportunity in one of Chicago's most desirable neighborhoods. Don't miss your chance to make 627 Melrose your urban retreat. Schedule a viewing today and experience it for yourself.

Property Details

Property Features

Property Information:

  • Architectural Style: Victorian
  • Year Built: 1895
  • Living Area: 6,000 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (773) 631-8300
  • Listing Agent: Mick Bess

Interior Features

Interior Information:

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Wine Cooler, Range Hood
  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 7
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Exterior: Deck

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: No
  • Parking: Side Apron

Utilities

Utilities Information:

  • Heating: Natural Gas, Steam, Radiant
  • Cooling: Central Air, Zoned

School Info

Assigned Schools Information:

  • Lake View High School, Public District Grades 9-12
  • Nettelhorst Elementary School, Public District Grades PK-8

Other

Directions Information:

  • Directions: Broadway North of Belmont to Melrose, Go left/West on Melrose to 627.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,499,000
  • Price Per SqFt: $417/SqFt

Tax Information:

  • Annual Amount: $28,534
  • Tax Year: 2019
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Housing Market Comparison

See how this home compares to others in Chicago, IL.

Med. Sold Price

$349K

Med. Price/SqFt

$250

Avg. Days On Market

33

# of Sold Homes

2268

627 W Melrose St vs Chicago

81 DAYS ON ROCKET

+48 Days

$2,499,000

+$2.1M More

$417/SqFt

+$167 More

KEY TAKEAWAY

This property is $2.1M more than the Median Sold Price and $167/SqFt more than other homes in Chicago, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #11901348

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (773) 631-8300
  • Listing Agent: Mick Bess

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/3/2024, 7:15:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2019$28,534$142,022
2018$28,054$142,022
2017$26,198$121,703

History based on county public records data.

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$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,559

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-5558939
7
/10
  • Nettelhorst Elementary School

  • 3252 N Broadway St

  • 0.06 miles

  • Public District Grades PK-8

High School

school-card-donut-5558940
4
/10
  • Lake View High School

  • 4015 N Ashland Ave

  • 1.55 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $84,529. Typical income of Chicago, IL residents is between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 627 W Melrose St

What is the listing price of this property?

The listing price of 627 W Melrose St property is $2,499,000.

What type of property is this?

The property 627 W Melrose St is a house located in Chicago, Illinois, 60657.

Is this property for sale now?

Active Listing: 627 W Melrose St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 627 W Melrose St are:
Nettelhorst Elementary School: GreatSchools Rating 7/10
Lake View High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2019 is $28,534 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 627 W Melrose St has 8 bedrooms and 7 full and 1 half bathrooms.

What is the square footage of this property?

The property 627 W Melrose St is 6,000 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 627 W Melrose St is 1895.

Rocket Homes›Illinois›Cook County›Chicago›60657›627 W Melrose St

This home is located at 627 W Melrose St in Chicago, IL and zip code 60657 in the Boystown neighborhood. This 6,000 square foot home was built in 1895. Features: 8 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since February 12, 2024 and is currently priced at $2,499,000.

While more than 867 listings in Chicago, IL in April 2024 were sold above asking price, there were more than 378 listings sold at asking price, and more than 1023 were sold below. The number of listings in Chicago, IL increased by 18.4% between March 2024 and April 2024. The median list price of listings available in April 2024 was $349,097, while the average time on the real estate market was 33 days.

From Rocket Homes Real Estate and based on county public records data.

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