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Updated 2 hours ago

516 W Melrose St

VERIFIED

Chicago, IL

Studio
•
1 Bath

400 Sq. Ft.

Available starting Jun. 1st
Floor plans
Studio • 1 Bath
$1,500
400 ft2
1 Available
-
$1,500
Available Jun 1st, 2026
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Where you'll live
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516 W Melrose St
516 W Melrose St
516 W Melrose St
Amenities
On-site Laundry
Hardwood Floors
Water Included
Elevator
Fees & leasing info
Pets
Cats Ok
Property details
Description

Large Lakeview studio/1 bath with gas and heat included. Separate kitchen and dining area.
Tons of closets. Updated kitchen and bath. Parking available.
Cat-friendly. No pet rent.

Additional Details
Contact Name: Patrick Rovito
Total Unit Count: 1
Last Updated: Updated 2 hours ago
Contact Number: (773) 420-9636
Property manager information
Fulton Grace Realty
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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 516 W Melrose St by bedroom type below.
Studio
Suggested income:
$54,000
per year
Rent report

516 W Melrose St Rent vs. Chicago Average

 516 W Melrose St      Chicago Average
Studio
$1,500
$1,630
$0
$550
$1,100
$1,650
$2,200

516 W Melrose St is asking 8% 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.

516 W Melrose St provides 13% less square footage than the average Chicago studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
516 W Melrose St
Studio $1,500 $3.80 $4,500
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

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 June 01, 2026.
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 St has a studio unit starting at $1,500.
Where is this property located?
This property is at 516 W Melrose St in Chicago, IL. It's 0.9 miles southeast from the center of Chicago.
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