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Updated 1 hour ago

420 W. Melrose St.


420 W. Melrose St. Chicago, IL

Studio - 1 Bed
•
1 Bath

245 - 275 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
Studio • 1 Bath
$1,275
275 ft2
1 Available
Managed By: Peak Properties, Inc.
Unit 403
$1,275
Available Jul 1st, 2025
View
View Rented Units
Studio • 1 Bath
$1,155
245 ft2
1 Available
Managed By: Peak Properties, Inc.
Unit 103
$1,155
Available Aug 1st, 2025
View
View More
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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
Dogs Ok
Cats Ok
Pet Friendly Community
Pet Fee: $150.00
Pet Rent: $15.00
Size Restrictions:

Dog up to 60.00 lbs.

Lease & Fees
Lease Length:

11, 12

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: 68
Last Updated: Updated 1 hour 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.
Studio
Suggested income:
$43,700
per year
Rent report

420 W. Melrose St. Rent vs. Chicago Average

 420 W. Melrose St.      Chicago Average
Studio
$1,215
$1,597
$0
$550
$1,100
$1,650
$2,200

420 W. Melrose St. is asking 24% less than the average studio apartment in Chicago.

If you upsized to an average priced Chicago 1 bedroom apartment, you would pay 21% more per month.

420 W. Melrose St. provides 45% less square footage than the average Chicago studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
420 W. Melrose St.
Studio $1,215 $4.70 $3,645
Chicago Average
Studio $1,597 $3.40 $4,792
1BR $2,033 $2.90 $6,100
2BR $2,531 $2.60 $7,593
3BR $3,026 $2.30 $9,078
4BR $3,244 $2.10 $9,732

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 4,275 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% 30% 9% 2%
Available Units in Chicago
Studio 2,632
1BR 4,275
2BR 3,523
3BR 1,108
4BR 288
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

Campus Buildings and Attractions
Distance Walking Biking Driving
Richardson Library 1.8 mi 36 min 10 min 3 min
Wish Field 1.8 mi 35 min 11 min 4 min
DePaul University Quad 1.9 mi 37 min 11 min 3 min
Lincoln Park Student Center 1.9 mi 37 min 11 min 4 min
Meyer Fitness and Rec Center 2.0 mi 39 min 11 min 4 min
Nearby Hospitals
Name Distance
Presence Saint Joseph Hospital 0.56 mi.
Advocate Northside Health Network Dba Illinois Masonic Medical Center 0.65 mi.
Thorek Memorial Hospital 1.11 mi.
Nearby Fire Stations
Name Distance
Superior Volunteer Fire & Ems 2.59 mi.
Lawrence Volunteer Fire Department 2.74 mi.
Chicago Fire Department 3.08 mi.
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 July 01, 2025.
What's the square footage of the available units?
The available units range from 245 to 275 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
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?
Rent on available units ranges from $1,155 to $1,275. 420 W. Melrose St. has studio units available starting at $1,155.
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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