16 days on rocket

505 N Lake Shore Dr Unit 2507-06, Chicago, IL, 60611

$1,325,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
3,000 SqFt
$442/SqFt
Condo

Location

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505 N Lake Shore Dr Unit 2507-06, Chicago$1,325,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Attached Garage2 spaces
Year Built1968
HeatingElectric
WaterfrontLake Front, Pond, River Front, Water View, Waterfront
MLS #12212540
StatusActive

About 505 N Lake Shore Dr Unit 2507-06

Step into the epitome of luxury living in Chicago's most iconic lakefront building, Lake Point Tower-the only residential building east of Lake Shore Drive. This combined double end unit on the 25th floor boasts 3,000 square feet of living space with views of Lake Michigan and Chicago from every room. Your new lifestyle begins immediately when you move into this fully furnished condo that includes comfortable appointments for each room. The well thought out floor plan includes wall-to-wall windows that brighten all living spaces and each of the 3 bedrooms. The kitchen is appointed with white cabinets and Corian counters that extend into a large dining area with barstool seating. A new refrigerator was installed in 2022. A new laundry pair has also been added to the adjacent walk in pantry. The primary suite features ample closets as well as walk behind customized built storage. The ensuite bath features a spacious shower and soaking tub, 2 marble vanity areas, and a private toilet/bidet. The second bedroom is spacious and includes an ensuite full bathroom. The 3rd spacious bedroom has been set up for a convenient home office. This sale will also include a 2-car tandem deeded parking space very close to the heated garage entrance. Two additional storage cages are also assigned to the unit and located on the 2nd floor. Lake Point Tower living includes an unmatched suite of amenities, including outdoors a 2.5-acre private park with landscaped grounds, BBQ grilling area, and playground. Inside find access to the indoor and outdoor pools, and a fully equipped health club on-site. There is 24-hour security, valet parking, and concierge services. Additional on-site conveniences include a business center, meeting rooms, a community lounge for work or relaxation, dry cleaners, hair salon, convenience store, and more. This residence truly offers the rare combination of luxury and location. Whether you're looking for a turnkey investment or a second home in the city, this property checks every box. Property being sold as-is with furniture (furniture included at no additional value).

Property Details

Property Features

Property Information:

  • Year Built: 1968
  • Stories: 70
  • Living Area: 3,000 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (630) 369-9000
  • Listing Agent: David Albrecht

Interior Features

Interior Information:

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Oven, Electric Oven
  • Basement: No
  • Interior: Sauna/Steam Room, Bar-Wet, Elevator, Laundry Hook-Up in Unit, Storage, Built-in Features, Open Floorplan, Some Carpeting, Dining Combo, Doorman, Drapes/Blinds, Health Facilities, Lobby, Some Wall-To-Wall Cp

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Lake Front, Pond, River Front, Water View, Waterfront
  • Exterior: Patio, Hot Tub, In Ground Pool, Outdoor Grill, End Unit, Cable Access

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot: Waterfront, Landscaped, Near Park, Views

Utilities

Utilities Information:

  • Heating: Electric

Other

Directions Information:

  • Directions: LAKE SHORE DR TO ILLINOIS TO GRAND ENTRANCE

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,325,000
  • Price Per SqFt: $442/SqFt

HOA Fees:

  • Amount: $2450
  • 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

$363.9K

Med. Price/SqFt

$260

Avg. Days On Market

33

# of Sold Homes

1620

505 N Lake Shore Dr Unit 2507-06 vs Chicago

16 DAYS ON ROCKET

-17 Days

$1,325,000

+$961K More

$442/SqFt

+$181 More

KEY TAKEAWAY

This property is $961K more than the Median Sold Price and $181/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: #12212540

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (630) 369-9000
  • Listing Agent: David Albrecht

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

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: 12/18/2024, 5:16:03 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-60155
9
/10

  • Skinner Elementary School

  • 111 S Throop St

  • 2.02 miles

  • Public District Grades PK-5

school-card-donut-60156
3
/10

  • Hope Learning Academy

  • 1628 W Washington Blvd

  • 2.92 miles

  • Public District Grades KG-5

school-card-donut-60157
4
/10

  • Cooper Elementary Academy

  • 1624 W 19th St

  • 3.75 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 $95,946. Residents of Chicago, IL typically earn between $35k-100k each year. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 505 N Lake Shore Dr Unit 2507-06

What is the listing price of this property?

The listing price of 505 N Lake Shore Dr Unit 2507-06 property is $1,325,000.

What type of property is this?

The property 505 N Lake Shore Dr Unit 2507-06 is a condo located in Chicago, Illinois, 60611.

Is this property for sale now?

Active Listing: 505 N Lake Shore Dr Unit 2507-06 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 505 N Lake Shore Dr Unit 2507-06 has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 505 N Lake Shore Dr Unit 2507-06 is 3,000 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 505 N Lake Shore Dr Unit 2507-06 is 1968.

Rocket Homes›Illinois›Cook County›Chicago›60611›505 N Lake Shore Dr Unit 2507-06

This home is located at 505 N Lake Shore Dr Unit 2507-06 in Chicago, IL and zip code 60611 in the Near North Side neighborhood. This 3,000 square foot home was built in 1968. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 02, 2024 and is currently priced at $1,325,000.

While more than 521 listings in Chicago, IL in November 2024 were sold above asking price, there were more than 254 listings sold at asking price, and more than 845 were sold below. The number of homes for sale in Chicago, IL increased by 2.1% between October 2024 and November 2024. In November 2024, listings were on the market for 33 days. During the same period, the median list price in this real estate market was $363,936.

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

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