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Updated 1 hour ago

505 W Melrose St


Chicago, IL

Studio - 1 Bed
1 Bath

450 - 600 Sq. Ft.

Available Now
Studio • 1 Bath
$1,490 - $1,650
450 ft2
4 Available
Managed By: Langdon Partners, LLC
206 - FR
$1,650
Available Now
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505 - OG
$1,650
Available Now
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304 - OG
$1,490
Available Now
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409 - OG
$1,650
Available Now
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View Rented Units
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1 Bed • 1 Bath
$1,800 - $2,450
600 ft2
3 Available
Managed By: Langdon Partners, LLC
508 - FR
$2,450
Available: Ask
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501 - FR
$2,450
Available: Ask
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402 - OG
$1,800
Available Jun 4th, 2026
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Where you'll live
Street View
Map View
Satellite View
Location ratings
Walk Score®
92
Walker's Paradise
Transit Score®
75
Excellent Transit
Bike Score®
89
Very Bikeable
Fees & leasing info
Lease & Fees
Security Deposit: $0
Property details
Description

Located in the heart of Lakeview East, this 1990 4-plus-1 building is the perfect place for those who like vintage shopping, bar hoppin’, comedy shows, hit a few balls at the Diversey driving range and good food. Don’t worry, we also love our peace and quiet; this place is close enough to all the action but tucked away far enough to enjoy the birds chirping, picnics & walks near the lake, or simply peaceful moments in your apartment. Being only 0.6 miles away from Belmont Harbor offers all these options!
 
​Let’s not forget about our commuters. Thanks to its proximity to North Lake Shore Drive, you’ll be able to go anywhere in no time! It’s also only 0.3mi away from a grocery store for your convenience.
 
​Lakeview East is home to some of the most fashionable stores and delicious cuisine, from sushi and seafood boil to the best pizzas you’ve ever had and everything else in between. Lincoln Park Zoo is 1.8 miles away, and access to a popular farmers market on Saturday mornings. Mariano’s is 3 blocks away if you’re more of an indoor shopper than an outdoor one!
- ​Studios and one-bedroom apartments
- ​Gated covered/uncovered parking available for an additional cost
- ​Laundry room (in unit washer and dryer for some units)
- ​Air conditioning window unit provided for convenience
- ​Central heating
- ​Close to buses 77, 151, 156, 135, 146
- ​Belmont L station is 0.7 miles away
-No security deposits
- Soft credit check required
- Utility fee that covers gas, water, trash and sewage 
*Tenants are responsible for their own internet and electricity bills.

Additional Details
Total Unit Count: 41
Last Updated: Updated 1 hour ago
Contact Number: (847) 987-9440
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Radiate Holdings, LP 1000.0 1000.0
AT&T Inc. 1000.0 1000.0
Radiate Holdings, LP 1000.0 20.0
Comcast Corporation 987.0 35.0
Radiate Holdings, LP 500.0 20.0
Data from June 2020 provided by the FCC
Photos Floor Plans
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.
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 505 W Melrose St by bedroom type below.
Studio
Suggested income:
$57,500
per year
1 Bedroom
Suggested income:
$76,500
per year
Rent report

505 W Melrose St Rent vs. Chicago Average

 505 W Melrose St      Chicago Average
Studio
$1,597
$1,630
$0
$550
$1,100
$1,650
$2,200
1BR
$2,125
$2,104
$0
$700
$1,400
$2,100
$2,800

505 W Melrose St is asking 2% less than the average studio apartment in Chicago.

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

505 W Melrose St provides 2% less square footage than the average Chicago studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
505 W Melrose St
Studio $1,597 $3.50 $4,790
1BR $2,125 $3.50 $6,375
Chicago Average
Studio $1,630 $3.60 $4,889
1BR $2,104 $3.10 $6,313
2BR $2,537 $2.60 $7,612
3BR $3,055 $2.40 $9,164
4BR $2,304 $1.80 $6,912

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 4,394 1BR units on the market in Chicago. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
22% 36% 29% 10% 4%
Available Units in Chicago
Studio 2,663
1BR 4,394
2BR 3,611
3BR 1,175
4BR 464
Location
Nearby Colleges
Campus Buildings and Attractions
Distance Walking Biking Driving
Wish Field 1.7 mi 33 min 11 min 3 min
Richardson Library 1.7 mi 34 min 9 min 3 min
DePaul University Quad 1.8 mi 35 min 10 min 3 min
Lincoln Park Student Center 1.8 mi 35 min 10 min 4 min
Meyer Fitness and Rec Center 1.9 mi 36 min 10 min 3 min
Nearby Hospitals
Name Distance
Presence Saint Joseph Hospital 0.55 mi.
Advocate Northside Health Network Dba Illinois Masonic Medical Center 0.56 mi.
Thorek Memorial Hospital 1.11 mi.
Nearby Fire Stations
Name Distance
Superior Volunteer Fire & Ems 2.55 mi.
Lawrence Volunteer Fire Department 2.72 mi.
Chicago Fire Department 3.0 mi.
FAQs
Is this property currently leasing units?
Yes. There are 7 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 5 units available for move-in over the next 2 months. 4 units are vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 450 to 600 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 studio and 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 ranges from $1,490 to $1,800. 505 W Melrose St has studio units available starting at $1,490 and 1 bedroom units available starting at $1,800.
Where is this property located?
This property is at 505 W Melrose St in Chicago, IL. It's 1.0 miles southeast from the center of Chicago.
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