557 Melrose Ave
Kenilworth, IL 60043
4 bd 3 ba 2,554 sqft Built 1920 Lot 6,251 sqft single_family
Most recent sale
$1,175,000
Mar 16, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 16, 2022 | Sold | $1,175,000 | MLS #11306291 |
| Jan 20, 2022 | Listed | $1,050,000 | MLS #11306291 |
| Apr 27, 2017 | Sold | $825,000 | MLS #09493836 |
| Feb 3, 2017 | Listed | $849,000 | MLS #09493836 |
| Feb 3, 2017 | Listing removed | $849,000 | MRED |
| Jan 16, 2017 | Listed | $849,000 | MLS #09477865 |
| Oct 21, 2016 | Listing removed | $849,000 | MRED |
| Aug 6, 2016 | Listed | $849,000 | MLS #09308922 |
| Aug 4, 2016 | Listing removed | $849,000 | MRED |
| Apr 28, 2016 | Price changed | $849,000 | MLS #09172572 |
| Mar 22, 2016 | Listed | $875,000 | MLS #09172572 |
| Jul 1, 2014 | Sold | $849,000 | MLS #08612712 |
| May 12, 2014 | Listed | $849,000 | MLS #08612712 |
| Jan 22, 2010 | Sold | $685,000 | Public Record |
| Sep 2, 1999 | Sold | $530,000 | Public Record |
| Oct 4, 1990 | Sold | $201,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2023 | $58,098 | $20,000 | $78,098 | $19,641 |
| 2022 | $63,283 | $20,000 | $83,283 | $18,871 |
| 2021 | $46,004 | $13,125 | $59,129 | $16,474 |
| 2020 | $46,004 | $13,125 | $59,129 | $16,045 |
| 2019 | $51,852 | $13,125 | $64,977 | $15,546 |
| 2018 | $49,389 | $11,250 | $60,639 | $14,740 |
| 2017 | $49,389 | $11,250 | $60,639 | $14,319 |
| 2016 | $49,389 | $11,250 | $60,639 | $13,702 |
| 2015 | $43,839 | $9,218 | $53,057 | $13,493 |
| 2014 | $43,839 | $9,218 | $53,057 | $13,154 |
| 2013 | $43,839 | $9,218 | $53,057 | $12,385 |
| 2012 | $47,580 | $10,156 | $57,736 | $12,558 |
| 2011 | $47,580 | $10,156 | $57,736 | $12,107 |
| 2010 | $47,580 | $10,156 | $57,736 | $11,830 |
| 2009 | $55,281 | $10,312 | $65,593 | $11,372 |
| 2008 | $52,546 | $16,500 | $69,046 | $11,320 |
| 2007 | $52,546 | $16,500 | $69,046 | $9,178 |
| 2006 | $42,446 | $16,000 | $58,446 | $9,323 |
Property facts
Year built
1920
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,554 sqft
Lot size
6,251 sqft
ZIP code
60043
City
Kenilworth
Street
Melrose Ave
Coordinates
42.08746, -87.72024
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$4,597
Gross rental yield
4.69%
Implied cap rate
3.05%
Trend-extrapolated value
—
Frequently asked questions
When did 557 Melrose Ave last sell?
557 Melrose Ave most recently sold on Mar 16, 2022 for $1,175,000.
What is the current tax assessment for 557 Melrose Ave?
The most recent total assessment for 557 Melrose Ave (year 2023) is $78,098 with $19,641 in property tax.
How does 557 Melrose Ave's assessment compare to its last sale price?
The current assessment is 93.4% below the last sale price of $1,175,000.
When was 557 Melrose Ave built?
557 Melrose Ave was built in 1920.
How does 557 Melrose Ave compare to others on Melrose Ave?
We track 8 other properties on Melrose Ave. Browse the list under "Other properties on Melrose Ave" to compare beds, baths, and sale history.
What are the property facts for 557 Melrose Ave?
557 Melrose Ave is a 4 bed, 3 bath, 2,554 sqft, 6,251 sqft lot single_family.
Is 557 Melrose Ave a flip candidate?
No — 557 Melrose Ave does not appear in our flips dataset.
Is 557 Melrose Ave a tax-appeal candidate?
No — 557 Melrose Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-0.5%
Implied 1-yr
-2.0%
2026 Q3
$2.09M
2026 Q4
$2.08M
ZIP 60043 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Melrose Ave