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Updated 23 hours ago

516 W Melrose Ave

VERIFIED

Chicago, IL

Studio
•
1 Bath

400 Sq. Ft.

Available starting Dec. 7th
Floor plans
Studio • 1 Bath
$1,300
400 ft2
1 Available
-
$1,300
Available Dec 7th, 2024
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516 W Melrose Ave
516 W Melrose Ave
516 W Melrose Ave
Amenities
On-site Laundry
Water Included
Fees & leasing info
Pets
Cats Ok
Parking
Garage - Attached
Property details
Description

Remarks: Vintage East Lakeview studio/1 bath with gas and heat included. Tons of closets. Parking available. Cat-friendly w/ one-time fee. No pet rent. If occupied, photos may be of a similar unit.

Additional Details
Contact Name: Patrick Rovito
Total Unit Count: 1
Last Updated: Updated 23 hours ago
Contact Number: (773) 420-9636
Property manager information
Fulton Grace Realty
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Neighborhood
Lakeview
Ultimate Energy, Nightlife and Young Crowds in Chicago’s Lakeview

Chicago is home to many iconic professional sports teams. The White Sox, The Bears, The Bulls, The Blackhawks and of course the perennially--until recently--cursed but loved Chicago Cubs. If you’re a Cubs fan — and who isn’t? — the neighborhood called Lakeview is the home of Wrigley Field, the major league baseball stadium that seems to pop up in the center of the neighborhood from nowhere. The venerable Major League Baseball stadium was first constructed in 1914 when the Chicago Whales played in what was called the Federal League.

View All Lakeview Apartments

Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 516 W Melrose Ave by bedroom type below.
Studio
Suggested income:
$46,800
per year
Rent report

516 W Melrose Ave Rent vs. Chicago Average

 516 W Melrose Ave      Chicago Average
Studio
$1,300
$1,591
$0
$550
$1,100
$1,650
$2,200

516 W Melrose Ave is asking 18% less than the average studio apartment in Chicago.

If you upsized to an average priced Chicago 1 bedroom apartment, you would pay 20% more per month.

516 W Melrose Ave provides 16% less square footage than the average Chicago studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
516 W Melrose Ave
Studio $1,300 $3.30 $3,900
Chicago Average
Studio $1,591 $3.40 $4,774
1BR $1,991 $2.80 $5,972
2BR $2,421 $2.50 $7,264
3BR $3,006 $2.40 $9,018
4BR $2,951 $1.90 $8,853

Availability in Chicago

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 3,927 1BR units on the market in Chicago. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
20% 37% 31% 11% 2%
Available Units in Chicago
Studio 2,098
1BR 3,927
2BR 3,313
3BR 1,136
4BR 220
Location
Nearby Colleges

DePaul University

City Colleges Of Chicago Harry S Truman College

DeVry University-Illinois

Harold Washington College

Argosy University-Chicago

Campus Buildings and Attractions
Distance Walking Biking Driving
Wish Field 1.8 mi 35 min 13 min 4 min
Richardson Library 1.8 mi 35 min 12 min 4 min
Lincoln Park Student Center 1.9 mi 37 min 13 min 4 min
Meyer Fitness and Rec Center 2.0 mi 38 min 13 min 4 min
DePaul University Quad 2.0 mi 38 min 13 min 4 min
Nearby Hospitals
Name Distance
Advocate Northside Health Network Dba Illinois Masonic Medical Center 0.56 mi.
Presence Saint Joseph Hospital 0.6 mi.
Thorek Memorial Hospital 1.06 mi.
Nearby Fire Stations
Name Distance
Superior Volunteer Fire & Ems 2.6 mi.
Lawrence Volunteer Fire Department 2.67 mi.
Chicago Fire Department 3.03 mi.
FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in on December 07, 2024.
What's the square footage of the available units?
It's 400 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats.
How many bedrooms are in the available units?
There are studio units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
516 W Melrose Ave has a studio unit starting at $1,300.
Where is this property located?
This property is at 516 W Melrose Ave in Chicago, IL. It's 0.9 miles southeast from the center of Chicago.
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