2 months on rocket

179 E Lake Shore Dr Unit 502, Chicago, IL, 60611

$780,000

Home List Price

$9,263*

Closing Credit

2 Bedrooms
2 Full Baths
1,852 SqFt
$421/SqFt
Townhouse

Location

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179 E Lake Shore Dr Unit 502, Chicago$780,000

Buyer Closing Credits

$9,263*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
Attached Garage2 spaces
Year Built1928
HeatingRadiant
CoolingCentral Air, Other
FireplaceWood Burning, Gas Log
MLS #12159401
StatusActive

About 179 E Lake Shore Dr Unit 502

An opportunity to own one of the few two-bedroom residences on prestigious E Lake Shore Drive, home to Chicago's grand pre-war co-ops. Situated in the coveted Drake Tower, the spacious 1,852 square foot floor plan offers desirable north views of the lake and park from the 33-foot living room and large primary suite. The 2021 renovation transformed the kitchen with modern high-gloss cabinetry, the best appliances including a Bertazzoni gas cooktop and oven, a Bosch dishwasher, a Fisher & Paykel refrigerator, and a wine cooler. The new primary bath was enhanced with marble and modernized with a walk-in shower. Unique to this apartment is a bonus room that could be built-out as an office or a large walk-in closet. This elegant home features classic waxed wood floors, nine and half foot ceilings, an original 1928 marble fireplace, and original hardware designed by the building's architect Benjamin Marshall. The SpacePak air conditioning and new washer/dryer provide modern conveniences. With only 68 residences, shareholders enjoy personal, white glove service from a 24-hour door staff and an elevator operator, an on-site property manager, a live-in engineer and full maintenance staff. Exclusive amenities include a temperature-controlled wine cellar, a state-of-the art exercise room, and a planted terrace. Parking is conveniently located in the attached garage for $200/month, and guest parking is available. Pets are welcome and there is no weight limit for dogs. Contracts are subject to board approval and 50% financing is permitted. The total monthly assessment including property taxes is $4,265.

Property Details

Property Features

Property Information:

  • Year Built: 1928
  • Stories: 30
  • Living Area: 1,852 SqFt

Listing Office:

  • Office Name: Baird & Warner
  • Office Phone: (312) 640-7010
  • Listing Agent: James Kinney

Interior Features

Interior Information:

  • Basement: No
  • Interior: Hardwood Floors, First Floor Bedroom, Storage
  • Fireplace: Wood Burning, Gas Log

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes

Utilities

Utilities Information:

  • Heating: Radiant
  • Cooling: Central Air, Other

Other

Directions Information:

  • Directions: East of Drake Hotel on East Lake Shore Drive, across from Lake Michigan.

Price Information

Listing Price Info

Price Summary:

  • List Price: $780,000
  • Price Per SqFt: $421/SqFt

HOA Fees:

  • Amount: $2476
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Chicago, IL.

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Chicago, IL

City

Med. Sold Price

$360.3K

Med. Price/SqFt

$259

Avg. Days On Market

32

# of Sold Homes

1796

179 E Lake Shore Dr Unit 502 vs Chicago

71 DAYS ON ROCKET

+39 Days

$780,000

+$419.6K More

$421/SqFt

+$161 More

KEY TAKEAWAY

This property is $419.6K more than the Median Sold Price and $161/SqFt more than other homes in Chicago, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12159401

Listing Office:

  • Office Name: Baird & Warner
  • Office Phone: (312) 640-7010
  • Listing Agent: James Kinney

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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 11:45:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1036805
9
/10

  • Skinner Elementary School

  • 111 S Throop St

  • 1.26 miles

  • Public District Grades PK-5

school-card-donut-1036806
3
/10

  • Hope Learning Academy

  • 1628 W Washington Blvd

  • 2.60 miles

  • Public District Grades KG-5

school-card-donut-1036807
4
/10

  • Cooper Elementary Academy

  • 1624 W 19th St

  • 3.83 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $353,224. Most Chicago, IL residents have annual incomes $200k+. Residents typically live in married, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 179 E Lake Shore Dr Unit 502

What is the listing price of this property?

The listing price of 179 E Lake Shore Dr Unit 502 property is $780,000.

What type of property is this?

The property 179 E Lake Shore Dr Unit 502 is a townhouse located in Chicago, Illinois, 60611.

Is this property for sale now?

Active Listing: 179 E Lake Shore Dr Unit 502 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 179 E Lake Shore Dr Unit 502 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 179 E Lake Shore Dr Unit 502 is 1,852 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 179 E Lake Shore Dr Unit 502 is 1928.

Rocket Homes›Illinois›Cook County›Chicago›60611›179 E Lake Shore Dr Unit 502

This home is located at 179 E Lake Shore Dr Unit 502 in Chicago, IL and zip code 60611 in the Near North Side neighborhood. This 1,852 square foot home was built in 1928. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 13, 2024 and is currently priced at $780,000.

Over 539 listings were sold over their listed price in October 2024 in Chicago, IL. In the same period over 919 listings were sold below the listed price and 337 listings were sold for the listed price. In October 2024 in Chicago, IL there were 14.5% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $360,336, while the average time on the real estate market was 32 days.

From Rocket Homes Real Estate and based on county public records data.

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