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Home / Chicago / 420 W. Melrose St.
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Updated 3 hours ago

420 W. Melrose St.


420 W. Melrose St. Chicago, IL

Studio - 1 Bed
•
1 Bath

353 - 442 Sq. Ft.

Available Now
Deal

Size and dimensions are approximate, actual may vary. Features, materials, finishes, and layouts of the subject unit may be different from shown.

Advertised pricing may be the rent reflective of any lease incentives that may be offered. Pricing, availability, and specials are subject to change at any time without notice.
Floor plans
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1 Bed • 1 Bath
$1,845
353 ft2
1 Available
Managed By: Peak Properties, Inc.
Unit 206
$1,845
Available Sep 1st, 2026
View
View Rented Units
1 Bed • 1 Bath
$1,845
442 ft2
1 Available
Managed By: Peak Properties, Inc.
Unit 304
$1,845
Available Oct 1st, 2026
View
View Rented Units
View More
3 Beds • 2 Bath
$2,600
1403 ft2
0 Available
Managed By: Peak Properties, Inc.
PH
$2,600
Rented
View
3 Beds • 1 Bath
$2,925
1403 ft2
0 Available
Managed By: Realty & Mortgage
Three Bedroom, 1403 sq. ft
$Ask
Rented
View
3 Bedroom
$2,925
Rented
View
3 Beds • 2 Bath
$2,925
Size: N/A
0 Available
Managed By:
PH
$2,925
Rented
View
Where you'll live
Street View
Map View
Satellite View
420 W. Melrose St.
420 W. Melrose St.
420 W. Melrose St.
Location ratings
Walk Score®
88
Very Walkable
Transit Score®
78
Excellent Transit
Bike Score®
90
Biker's Paradise
Amenities
On-site Laundry
Fitness Center
Refrigerator
Public Transportation
Hardwood Floors
Cable Ready
Free Weights
Stainless Appliances
Near Grocery Store
Near Hospital
Secured Entry
Elevator
Cable-ready
Freezer
Microwave
Range / Oven
Living Room
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

Cat Rent:

$15.00 Monthly due with rent

Dog:

Restricted breeds include, but are not limited to Pit Bulls, Rottweilers, Presna Canario, German Shepherds, Huskies, Malamutes, Dobermans, Chowchows, Akitas, Terriers (Staffordshire), American Bull Dog, any wolf hybrid, or any hybrid of mixed breed of one of the aforementioned breed. | Restrictions: Not Allowed in Studios One time

Size Restrictions:

60.0lb

Dog Fee:

$250.00 One time due at move-in

Dog Rent:

$25.00 Monthly due with rent

Lease & Fees
Lease Length: 12 months
Property details
Description

This 7-story brick elevator building located in the heart of Lakeview, has an elegant lobby with curated art and lounge seating, and some apartments with lake views. Residents also have access to a fitness center with SoulCycle bikes and a lovely outdoor gathering space with community tables and gas grills.

Additional Details
Total Unit Count: 69
Last Updated: Updated 3 hours ago
Contact Number: (773) 617-6451
Property manager information
Peak Properties, Inc.
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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)
Radiate Holdings, LP 1000.0 20.0
Comcast Corporation 987.0 35.0
Radiate Holdings, LP 500.0 20.0
Lynx Communications 200.0 50.0
ViaSat, Inc. 35.0 3.0
Data from June 2020 provided by the FCC
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Photos Floor Plans Amenities
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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 420 W. Melrose St. by bedroom type below.
1 Bedroom
Suggested income:
$66,400
per year
Rent report

420 W. Melrose St. Rent vs. Chicago Average

 420 W. Melrose St.      Chicago Average
1BR
$1,845
$2,088
$0
$700
$1,400
$2,100
$2,800

420 W. Melrose St. is asking 12% less than the average 1 bedroom apartment in Chicago.

If you upsized to an average priced Chicago 2 bedroom apartment, you would pay 19% more per month.

If you downsized to an average priced Chicago studio apartment, you would pay 25% less per month.

420 W. Melrose St. provides 43% less square footage than the average Chicago 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
420 W. Melrose St.
1BR $1,845 $4.60 $5,535
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

City Colleges Of Chicago Harry S Truman College

DeVry University-Illinois

Harold Washington College

Argosy University-Chicago

Loyola University Chicago

FAQs
Is this property currently leasing units?
Yes. There are 2 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 2 units available for move-in over the next 2 months. The soonest move-in date is September 01, 2026.
What's the square footage of the available units?
The available units range from 353 to 442 square feet.
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 1 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?
Rent on available units starts at $1,845. 420 W. Melrose St. has 1 bedroom units available starting at $1,845.
Where is this property located?
This property is at 420 W. Melrose St. in Chicago, IL. It's 1.0 miles east from the center of Chicago.
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