312 Melrose Ln
Lakewood, IL 60014
3 bd 3 ba 2,596 sqft Built 1991 single_family
Most recent sale
$454,500
May 23, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 20, 2024 | Sold | $505,000 | MRED |
| Nov 20, 2024 | Price changed | $519,000 | MRED |
| Oct 30, 2024 | Listed | $535,000 | MRED |
| May 23, 2022 | Sold | $454,500 | MLS #11378648 |
| Apr 21, 2022 | Listed | $425,000 | MLS #11378648 |
| Jun 29, 1998 | Sold | $205,000 | Public Record |
| Feb 4, 1991 | Sold | $178,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $117,558 | $21,125 | $138,683 | $10,491 |
| 2022 | $69,402 | $31,645 | $101,047 | $8,496 |
| 2021 | $64,656 | $29,481 | $94,137 | $8,014 |
| 2020 | $62,367 | $28,437 | $90,804 | $7,842 |
| 2019 | $59,693 | $27,218 | $86,911 | $7,618 |
| 2018 | $75,755 | $18,670 | $94,425 | $8,474 |
| 2017 | $71,366 | $17,588 | $88,954 | $8,397 |
| 2016 | $66,935 | $16,496 | $83,431 | $8,319 |
| 2015 | $62,779 | $15,472 | $78,251 | $8,166 |
| 2014 | $59,807 | $14,739 | $74,546 | $7,944 |
| 2013 | $62,442 | $15,388 | $77,830 | $7,952 |
| 2012 | $66,562 | $16,403 | $82,965 | $7,872 |
| 2011 | $73,193 | $18,037 | $91,230 | $7,551 |
| 2010 | $78,223 | $19,277 | $97,500 | $7,725 |
| 2009 | $88,290 | $19,277 | $107,567 | $7,394 |
| 2008 | $88,290 | $19,277 | $107,567 | $7,283 |
| 2007 | $85,852 | $18,745 | $104,597 | $6,616 |
| 2006 | $76,102 | $17,812 | $93,914 | $6,337 |
Property facts
Year built
1991
Property type
single_family
Stories
2
Beds
3
Baths
3
Living area
2,596 sqft
Lot size
—
ZIP code
60014
City
Lakewood
Street
Melrose Ln
Coordinates
42.23101, -88.35381
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$4,673
Gross rental yield
12.34%
Implied cap rate
8.02%
Trend-extrapolated value
—
Frequently asked questions
When did 312 Melrose Ln last sell?
312 Melrose Ln most recently sold on May 23, 2022 for $454,500.
What is the current tax assessment for 312 Melrose Ln?
The most recent total assessment for 312 Melrose Ln (year 2024) is $138,683 with $10,491 in property tax.
How does 312 Melrose Ln's assessment compare to its last sale price?
The current assessment is 69.5% below the last sale price of $454,500.
When was 312 Melrose Ln built?
312 Melrose Ln was built in 1991.
How does 312 Melrose Ln compare to others on Melrose Ln?
We track 2 other properties on Melrose Ln. Browse the list under "Other properties on Melrose Ln" to compare beds, baths, and sale history.
What are the property facts for 312 Melrose Ln?
312 Melrose Ln is a 3 bed, 3 bath, 2,596 sqft single_family.
Is 312 Melrose Ln a flip candidate?
No — 312 Melrose Ln does not appear in our flips dataset.
Is 312 Melrose Ln a tax-appeal candidate?
No — 312 Melrose Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+2.6%
Implied 1-yr
+10.3%
2026 Q3
$388.3K
2026 Q4
$396.9K
ZIP 60014 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Melrose Ln