Chicago · Commercial sale

Property at 524 W Melrose St in Chicago sells for $4.5 million

A property at 524 W Melrose St, Chicago sold for $4,500,000 on August 3, 2026. See the seller and buyer net sheets for this sale.

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Aerial view of 524 W Melrose St, Chicago with the parcel outlined
Aerial photo: U.S. Geological Survey. Parcel outline: Cook County Assessor. The photo can predate the sale.
Sale price
$4,500,000
Sold
August 3, 2026
Property type
Property

A property at 524 W Melrose St in Chicago sold for $4,500,000 on August 3, 2026, according to the Cook County Assessor's sales records.

What this sale costs to close

What does closing cost at this price? Under Cook County custom the seller's larger charges are $13,500 for the chicago transfer tax (CTA portion) and $10,475 for the owner's title insurance policy. The seller's estimated net is $4,412,261 before brokerage commissions and any loan payoff. A cash buyer would need about $4,479,593 at closing.

Run this net sheet with your numbers (free)

524 W Melrose St, Chicago, IL.

Source: Cook County Assessor, parcel sales (Cook County Open Data), document 2622325076. Property details: Cook County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.

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