Chicago  »  60657  »  Lakeview

434 West Melrose Street, Chicago, IL 60657

Lake View East, Lakeview, North Side, Chicago
Building in Lakeview
5 Stories
Built in 1929
Welcome to 434 West Melrose Street, a building located in Lake View East, Lakeview, North Side, Chicago in Chicago, IL. As a quick overview, these are the most up-to-date information we've collected about the property. The building itself was built in 1929. The depth of the property lot was measured at 1660 square feet and the front at 660 square feet. Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but essentially heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition. The building class code for 434 West Melrose Street is unknown but given the importance of this information, we will work to update this data as soon as possible.

Moving on to what we know about the features and amenities in this building. While there is no garage access for residents, this is pretty standard for New York and you will probably be able to find a local garage to park your car at instead. We are not sure what system the building uses for cooling. Sadly, informaton related to the heating system was not disclosed. Are you a fan of fireplaces? Sadly, this property has none. There is no porch or patio on the premise of the property. For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool. The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.

434 West Melrose Street was most recently sold on Oct 8, 1996 for $1,515,000. The market value for the land that the building sits on has been listed at $723,090. In addition, improvements upon the building have an added value of $4,619,540. In total, the total market value of the property as a whole is $5,342,630. This may be less relevant information, but according to local assessors, the total value of the building is currently valued at $534,263. Specifically, the value of the land that the property sits on has been assessed at $72,309. The building was last assessed in 2019. For those interested, the building is currently owned by 434 W MELROSE CO LLC.

Interested in learning more about the neighborhood that the property is located in? Buildings in the Lakeview area have a median price of $2,195. Those in the 25th percentile, have a price around $1,550. While those in the 75th percentile, have a price around $2,853. Typically, the buildings in this area have a median sqft of 1,044. That means that the median price per sqft is around $29. In other words, the price per sqft for buildings in the 25th percentile is $22. While the price per sqft for buildings in the 75th percentile is $40. As a breakdown, we've included the following stats:

- There are currently a total of 21 studio listings. The median price for these types of listings is $1,200. That's $33.26 price per sqft.
- There are currently a total of 71 one bedroom listings. The median price for these types of listings is $1,650. That's $39.17 price per sqft.
- There are currently a total of 53 two bedroom listings. The median price for these types of listings is $2,693. That's $27.60 price per sqft.
- There are currently a total of 32 three bedroom listings. The median price for these types of listings is $2,488. That's $19.29 price per sqft.
- There are currently a total of 11 four bedroom listings. The median price for these types of listings is $3,795. That's $22.97 price per sqft.

434 West Melrose Street is located in Cook County, Illinois. There are 5,227,575 people living here. There are 1,951,606 households. Most of these households have an average family size of 3.43 people. According to the census, 43% are currently renting while 57% own their homes. The median age of this population is around 36.1 years old. On average, most folks in the county are unmarried. About 35% of folks speak a language other than English in this area. The area's employment rate is currently around 59.7%. Speaking of employment, the median income is $56,902. Most folks will commute by car for around 32.6 minutes. Finally, we know that 24% of residents in the area have graduated with their high school degree. Additionally, 22% and 15% have their Bachelor's and Master's degree, respectfully.

Moving on to the urban area level. Chicago, IL - IN Urban Area has a population of 8,672,319 people. Based on census records, there are 3,153,810 registered households. Families in this area are on average made up of 3.4 people per household. Most folks are unmarried. They are also typically around 36.6 years old. Does diversity matter to you? Right now, 30% of folks speak a language other than English here. About 37% rent while 63% purchased their homes. Right now, the community is made up of 24% of residents who have graduated with at least a high school degree. On top of that, 22% have a Bachelor's degree and 14% have a Master's degree. The employment rate is currently around 61.2%. Those employed, have a median income of $63,064. If you move here, you can expect to commute mostly by car for around 31.5 minutes.

2 Bedrooms, Lake View East Rental in Chicago, IL for $4,897 - Photo 1
434 West Melrose Street
Lake View East, Lakeview, North Side, Chicago
$4,897
|
2 Bed
|
2.5 Bath
By Ryan Frank
Amenities
Elevator
Fitness Center
Policies
Cats Allowed
Dogs Allowed
Facts
General
Actual Year Built
1929
Floor Count
5
Unit Count
Building Floor Area
Floor Area Ratios
Air Conditioning Type
0
Basement Type
0
Partial Bathrooms
0.00
Bathroom Fixture Number
0.00
Full Bathrooms
0.00
Building Area
0.00
Building Condition
0
Building Quality
0
Gross Building Area
0.00
Construction Type
0
Exterior Walls Type
0
Fireplace Count
0.00
Floor Cover
0
Garage Type
0
Parking Space Count
0.00
Heating Fuel Type
0
Heat Code
0
Interior Walls Type
0
Lot Size Depth Feet
1660
Lot Size Frontage Feet
660
Lot Size Square Feet
10,956
Patio Type
0
Pool Type
0
Porch Type
0
Roof Cover Type
0
Roof Shape Type
0
Sewer System
0
Building Style
9
Basement Area
0.00
Total Building Area
0.00
Business/Commerical Units Count
0.00
Garage Square Area
0.00
Total Rooms
0.00
Water Service Type
0
Year Built
1929
Bedroom Count
0
Building
Building Type
0
County Land Use Code
2-97
Property Class ID
R
Standard Land Use Code
1015
Subdivision
CULVERS & OTHERS LAKE
Land Acres
0.252
Legal Description 1
(CULVERS) & (OTHERS)(LAKE) SHORE SUB OF LTS24-26 OF P INE GROVE SUB IN SEC 21-40-14
Ownership
Current Owner
HARRIS BANK BARRINGTON
Current Owner's Full Name
434 W MELROSE CO LLC
Previous Owner
THE CHICAGO TRUST COMPANY
Owner Address - City
CHICAGO
Owner Address - State
IL
Owner Address - ZIP Code
60640
Current Owner Corporation Indicator
T
Ownership Rights Codes
CO
Neighborhood
School District Name
Chicago Public School District 299
Census Tract
061902
Census Block Code
2004
Census Group
2
Census Year
2019
Census - Combined Statistical Area - Area Code
176
Census - Combined Statistical Area - Area Name
Chicago-Naperville, IL-IN-WI
Census - County FIPS
17031
Census - Full FIPS
170310619022004
Census - Metropolitan Division - Area Code
16984
Census - Metropolitan Division - Area Name
Chicago-Naperville-Evanston, IL
Census - Metro Micro Statistical Area - Area Code
16980
Census - Metro Micro Statistical Area - Area Name
Chicago-Naperville-Elgin, IL-IN-WI
Census - Metro Micro Statistical Area - Area Type
metropolitan
Census - Place FIPS
1714000
Census Source
US Census Bureau
Census State FIPS
17
Census Tract Code
061902
School District - Unified - Grade High
12
School District - Unified - Grade Low
PK
School District - Unified - LEA Code
1709930
School District - Unified - Name
Chicago Public School District 299
Zoning
Geography
Full Street Address
434 W MELROSE ST
District
73
FIPS
17031
Lot Code
M
Mailing Carrier Code
C043
Mailing Street Direction
N
Mailing Full Street Address
5516 N KENMORE AVE APT 108
Mailing House Number
5516
Mailing Street Mode
AVE
Mailing Street
KENMORE
Mailing Unit Number
108
Mailing Unit Type
APT
Mailing 4-Digit Zip Code
1543
Meridian
SEC 21 TWN 40N RNG 14E
Municipality
LAKE VIEW
Old APN
14-21-312-038-0000
Geo Status Code
B
Latitude
41.9415
Longitude
-87.6411
Carrier Code
C051
Street Direction
W
State
IL
4-Digit Zip Code
3851
Zip Code
60657
City Name
CHICAGO
Parcel
14-21-312-038
Block
1
Lot
24-26
Address - House Number
434
Address - Street Name
MELROSE
Address - Suffix Type
ST
Valuation
Assessed Land Value
$72,309
Assessed Year
2019
Confidence Score
73
First Current Mortgage Lender
LIBERTY FSB
First Current Mortgage Loan Amount
$1,448,000
First Current Mortgage Transaction Date
19961030
First Current Mortgage Terms
0
Second Current Mortgage Loan Amount
$0
Second Current Mortgage Terms
0
Current Sale Transaction ID
1177092531
Current Sales Price
$1,515,000
Current Sales Price Type
13
Current Sale Contract Date
19961008
Current Sale Document Type
69
Current Sale Input Document Number
96827181
Current Sale Recording Date
19961030
Final Value
4,399,138
High Value
4,992,770
Low Value
3,805,505
Market Total Value
$5,342,630
Market Improvement Value
$4,619,540
Market Land Value
$723,090
First Open Lien Mortgage Lender
TCF NATIONAL BANK
First Open Lien Mortgage Position
1
First Open Lien Mortgage Loan Amount
$14,900,000
First Open Lien Mortgage Loan Due Date
20260110
First Open Lien Mortgage Loan Type
21
First Open Lien Mortgage Recording Date
20190103
First Open Lien Mortgage Term
83
First Open Lien Mortgage Transaction ID
21123825022
Second Open Lien Mortgage Position
0
Second Open Lien Mortgage Loan Amount
$0
Second Open Lien Mortgage Term
0
Second Open Lien Mortgage Transaction ID
0
Third Open Lien Mortgage Position
0
Third Open Lien Mortgage Loan Amount
$0
Third Open Lien Mortgage Term
0
Third Open Lien Mortgage Transaction ID
0
Fourth Open Lien Mortgage Position
0
Fourth Open Lien Mortgage Loan Amount
$0
Fourth Open Lien Mortgage Term
0
Fourth Open Lien Mortgage Transaction ID
0
Previous Mortgage Loan Amount
$0
Previous Mortgage Term
0
Previous Sale Transaction ID
0
Standard Deviation
0
Total Area
0.00
Tax Amount
$107,340
Tax Rate Code Area
73001
Timestamp
2021-05-03 00:00:00
Total Open Liens Amount
$14,900,000
Total Open Liens
1
UCID Flag
C
Valuation Date
2021-04-07
Assessed Improvements Value
$461,954
Assessed Total Value
$534,263
Tax Year
2019
Neighborhood
$1,200
Studio Median Rent
$1,650
1BR Median Rent
$2,693
2BR Median Rent
$2,488
3BR Median Rent
Nearby Public Transit
Red
Brown
Purple
0.64 mi at Belmont (945 W. Belmont Avenue)
Brown
Purple
0.73 mi at Wellington (945 W. Wellington Avenue)
Red
0.76 mi at Addison (940 W. Addison Street)

Nearby Schools

(within attendance boundary)
Nettelhorst Elem School  •  0.19 mi
3252 N Broadway St, Chicago, IL 60657
Public  •  Elementary  •  Grades PK to 8
Chicago Public School District 299
ASPIRA Charter - Haugan Campus  •  4.48 mi  
Charter
3729 W Leland Ave, Chicago, IL 60625
Public  •  Middle School  •  Grades 6 to 8
Chicago Public School District 299
Lake View High School  •  1.7 mi
4015 N Ashland Ave, Chicago, IL 60613
Public  •  High School  •  Grades 9 to 12
Chicago Public School District 299
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
Recent Units
Unit Bed Bath Price Listed On Status
UNIT 2C 1BR 1 $1,527 Sep 07, 2020 Expired
201 2BR 2 $4,150 Jun 21, 2020 Expired
402 2BR 2.5 $4,285 Jun 21, 2020 Expired
UNIT 402 2BR 2.5 $4,285 Jun 10, 2020 Expired
UNIT 201 2BR 2 $4,150 Jun 10, 2020 Expired
UNIT 3A 1BR 1 $1,997 Jun 05, 2020 Expired
Var 2BR 2.5 $3,936 May 11, 2020 Expired
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