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Updated 4 hours ago

1221 W. Melrose St.


Chicago, IL

2 Bed
•
1 Bath

0 Sq. Ft.

Available starting Sep. 1st
Floor plans
Studio • 1 Bath
$1,175
Size: N/A
0 Available
Managed By: Peak Properties, Inc.
1221-B
$1,175
Rented
View
2 Beds • 1 Bath
$2,195
Size: N/A
1 Available
Managed By: Peak Properties, Inc.
1221-1R
$2,195
Available Sep 1st, 2026
View
View Rented Units
3 Beds • 2 Bath
$2,595
Size: N/A
0 Available
Managed By: Peak Properties, Inc.
1221-2
$2,595
Rented
View
Where you'll live
Street View
Map View
Satellite View
1221 W. Melrose St.
1221 W. Melrose St.
1221 W. Melrose St.
Location ratings
Walk Score®
90
Walker's Paradise
Transit Score®
82
Excellent Transit
Bike Score®
79
Very Bikeable
Amenities
On-site Laundry
Refrigerator
Public Transportation
Living Room
Range / Oven
Microwave
Freezer
Cable-ready
Secured Entry
Near Hospital
Near Grocery Store
Fees & leasing info
Pets
Pet Friendly Community
Cat:

| Restrictions: None One time

Breed Restrictions:

No restrictions

Cat Fee:

$150.00 One time due at move-in

Dog:

No aggressive breeds allowed | Restrictions: None One time

Size Restrictions:

60.0lb

Dog Fee:

$250.00 One time due at move-in

Lease & Fees
Lease Length: 12 months
Property details
Description

It's a 5-minute walk to the Belmont Red/Brown/Purple line station. The building is also close to Southport Corridor and Wrigley Field. Laundry in basement. Pets allowed. Parking spot available.

Additional Details
Total Unit Count: 4
Last Updated: Updated 4 hours ago
Contact Number: (773) 281-5252
Property manager information
Peak Properties, Inc.
Ask a question
Office Hours
Monday: 9:00 AM - 5:00 PM
Tuesday: 9:00 AM - 5:00 PM
Wednesday: 9:00 AM - 5:00 PM
Thursday: 9:00 AM - 5:00 PM
Friday: 9:00 AM - 5:00 PM
Saturday: 10:00 AM - 1:00 PM
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Comcast Corporation 987.0 35.0
Radiate Holdings, LP 500.0 20.0
Lynx Communications 200.0 50.0
AT&T Inc. 100.0 20.0
ViaSat, Inc. 35.0 3.0
Data from June 2020 provided by the FCC
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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 1221 W. Melrose St. by bedroom type below.
2 Bedroom
Suggested income:
$79,000
per year
Rent report

1221 W. Melrose St. Rent vs. Chicago Average

 1221 W. Melrose St.      Chicago Average
2BR
$2,195
$2,562
$0
$850
$1,700
$2,550
$3,400

1221 W. Melrose St. is asking 14% less than the average 2 bedroom apartment in Chicago.

If you upsized to an average priced Chicago 3 bedroom apartment, you would pay 17% more per month.

If you downsized to an average priced Chicago 1 bedroom apartment, you would pay 23% less per month.

1221 W. Melrose St. provides 100% less square footage than the average Chicago 2 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
1221 W. Melrose St.
2BR $2,195 $Inf $6,585
Chicago Average
Studio $1,675 $3.60 $5,026
1BR $2,088 $3.00 $6,263
2BR $2,562 $2.60 $7,687
3BR $3,091 $2.40 $9,273
4BR $2,506 $1.90 $7,519

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 4,358 1BR units on the market in Chicago. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
21% 35% 30% 10% 3%
Available Units in Chicago
Studio 2,613
1BR 4,358
2BR 3,719
3BR 1,175
4BR 431
Location
Nearby Colleges

DePaul University

DeVry University-Illinois

City Colleges Of Chicago Harry S Truman College

North Park University

Northeastern Illinois University

Loyola University Chicago

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 September 01, 2026.
Does this property allow cats or dogs?
The property manager did not submit a pet policy with this listing.
How many bedrooms are in the available units?
There are 2 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
1221 W. Melrose St. has a 2 bedroom unit starting at $2,195.
Where is this property located?
This property is at 1221 W. Melrose St. in Chicago, IL. It's 0.6 miles south from the center of Chicago.
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