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5537 W Melrose St
Single Family
New
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$550,000

$247/sqft

5537 W Melrose St, Chicago

53% below median
5 bd·3 ba·2,225 sqft
Built 1935Portage Park

5537 W Melrose St, Chicago, IL

5 bd · 3 ba · 2,225 sqft Single Family listed at $550,000, built in 1935 in the Portage Park neighborhood.

About this home

Welcome to 5537 W Melrose, a beautifully renovated English Tudor that offers the perfect move-in-ready sanctuary in the historic Portage Park. Updated in 2019, the interior has been fully modernized, featuring a full chef's kitchen with quartz countertops and a luxurious primary suite with double walk-in closets and an ensuite bathroom. The expansive, fully finished basement is a dream for all kinds of entertaining, providing the ultimate footprint for a movie room, play area, or a cozy spot for game nights. Outside, the rear deck and detached two-car garage make summer BBQs and parking a breeze. You are just minutes from the 36-acre Portage Park, and commuting is simple with quick access to the CTA Blue Line and the Kennedy Expressway. This home perfectly balances classic Chicago character with the high-end finishes and functional space to meet all of your needs. It is a rare opportunity to plant your roots and create lasting memories in one of the Northwest Side's most welcoming communities.

Property details

Price
$550,000
Bedrooms
5
Bathrooms
3
Interior
2,225 sqft
Price / sqft
$247
Year built
1935
Type
Single Family
Days on market
17
Est. property tax
$11,440/yr · $953/mo · 2.08% IL avg
Last sold
$454,000 · Jul 2021

Estimated monthly payment

Down payment20% ($110,000)
Interest rate6.75%
Principal & Interest$2,854
Property Tax$504
Insurance$150
Total$3,508/mo

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Price history

4.3%Most recent change on 2026-04-23: $575,000$550,000.

$603K$434K$265K$519K on Jul 07 (Initial list)$519K on Aug 07 (Price change)$499K on Aug 07 (Initial list)$499K on Nov 07 (Price change)$293K on Apr 10 (Sold)$360K on May 14 (Initial list)$350K on Jun 14 (Price change)$340K on Jul 14 (Sold)$340K on Sep 14 (Sold)$415K on Jun 17 (Initial list)$400K on Jul 17 (Price change)$400K on Aug 17 (Price change)$400K on Aug 17 (Relisted)$400K on Sep 17 (Price change)$454K on Jul 21 (Sold)$575K on Apr 26 (Initial list)$550K on Apr 26 (Price change)
$519K · Jul 07$550K · Apr 26
  1. Apr 23, 2026$550,000Price change
  2. Apr 9, 2026$575,000Initial list price
  3. Jul 7, 2021$454,000Sold
  4. Sep 6, 2017$399,900Price change
  5. Aug 28, 2017$399,900Relisted
  6. Aug 27, 2017$399,900Price change
  7. Jul 18, 2017$399,900Price change
  8. Jun 19, 2017$414,900Initial list price
  9. Sep 10, 2014$340,000Sold
  10. Jul 25, 2014$340,000Sold
  11. Jun 3, 2014$349,900Price change
  12. May 19, 2014$359,900Initial list price
  13. Apr 27, 2010$293,000Sold
  14. Nov 15, 2007$499,000Price change
  15. Aug 17, 2007$499,000Initial list price
  16. Aug 17, 2007$519,000Price change
  17. Jul 11, 2007$519,000Initial list price

Location

This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.

About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.

Home Intelligence

Neighborhood (zip 60641)

Median age is 37.3; 22% hold a bachelor's degree; 54% of homes are owner-occupied; median household income is $79,884.

Median income
$79,884
Median age
37.3
Owner-occupied
53.7%
Bachelor's degree
22.3%
Census median home value
$357,900

Source: US Census Bureau American Community Survey 5-year estimates.

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