2 months on rocket

505 N Lake Shore Dr Unit 708-709, Chicago, IL, 60611

$975,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Full Baths
1,800 SqFt
$542/SqFt
Condo

Location

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505 N Lake Shore Dr Unit 708-709, Chicago$975,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Attached Garage3 spaces
Year Built1968
HeatingElectric
CoolingZoned
MLS #12176928
StatusActive

About 505 N Lake Shore Dr Unit 708-709

Stunning North, East, and South Corner Condo with Breathtaking Views! Welcome to luxury living in the historic Lake Point Tower, the only residential building located east of Lake Shore Drive in Chicago's coveted Streeterville neighborhood. This 1,800 sq. ft. combined double unit offers breathtaking northern, eastern, and southern views of Lake Michigan, Navy Pier, and the Chicago skyline. Imagine waking up to stunning sunrises, enjoying bi-weekly fireworks displays at Navy Pier, or experiencing the Chicago Air and Water Show from the comfort of your home-all at eye level! This unit offers two generously sized bedrooms, providing ample space and comfort. The expansive master bedroom suite features enough space for a king-sized bed and a sitting area, a walk-in closet, and a new LG stacked washer/dryer combo. The master bathroom is a retreat in itself, featuring heated slate floors, a multi-faucet steam shower, and a jetted infinity tub. The second bedroom easily accommodates two full-size beds and room for a desk or sitting area. Across the hall, the second bathroom offers a convenient tub/shower combo, perfect for guests or family members. The open-concept kitchen is fully equipped with high-end stainless-steel appliances, including a Sub-Zero refrigerator, Dacor stove, Miele dishwasher, and a Miele cappuccino/espresso machine. Stylish concrete countertops and heated slate flooring add a contemporary touch, while extras like a wine fridge, ice maker, and island seating ensure the perfect setup for entertaining. The kitchen opens effortlessly into the inviting living room and sophisticated dining area, all sharing the breathtaking three-directional views. Lake Point Tower provides unparalleled amenities, including a 2.5-acre private, wooded park with a lagoon, waterfall, barbecue area, and playground. Residents enjoy both indoor and outdoor pools, a fully equipped health club with state-of-the-art equipment, steam rooms, saunas, racquetball and basketball courts. Additional conveniences include a library, business center, conference room, community room, dry cleaners, automated convenience store, and more. The building is fully staffed with 24-hour security, 24-hour doormen, and valet parking, ensuring a safe and worry-free living experience. Perfectly located, the CTA is right across the street, the lakefront path is at your doorstep, and you're just steps away from the best of Michigan Avenue shopping and dining. Don't miss this opportunity to own a spacious, luxurious condo in one of Chicago's most prestigious buildings. Schedule your private showing today!

Property Details

Property Features

Property Information:

  • Year Built: 1968
  • Stories: 70
  • Living Area: 1,800 SqFt

Listing Office:

  • Office Name: @properties Christie's International Real Estate
  • Office Phone: (312) 682-8500
  • Listing Agent: Robert Mack

Interior Features

Interior Information:

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Bar Fridge, Freezer, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Wine Cooler
  • Basement: No
  • Interior: Bar-Wet, Heated Floors, Laundry Hook-Up in Unit, Storage

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Patio, Dog Run

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Zoned

Other

Directions Information:

  • Directions: ENTRANCE ON GRAND AVE EAST OF LAKE SHORE DRIVE

Price Information

Listing Price Info

Price Summary:

  • List Price: $975,000
  • Price Per SqFt: $542/SqFt

HOA Fees:

  • Amount: $1222
  • 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 708-709 vs Chicago

83 DAYS ON ROCKET

+50 Days

$975,000

+$611K More

$542/SqFt

+$281 More

KEY TAKEAWAY

This property is $611K more than the Median Sold Price and $281/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: #12176928

Listing Office:

  • Office Name: @properties Christie's International Real Estate
  • Office Phone: (312) 682-8500
  • Listing Agent: Robert Mack

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

All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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 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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The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

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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: 12/23/2024, 9:16:01 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-1273367
9
/10

  • Skinner Elementary School

  • 111 S Throop St

  • 2.02 miles

  • Public District Grades PK-5

school-card-donut-1273368
3
/10

  • Hope Learning Academy

  • 1628 W Washington Blvd

  • 2.92 miles

  • Public District Grades KG-5

school-card-donut-1273369
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. The most common annual income of people living in Chicago, IL is between $35k-100k. The majority of families are single, no kids. Most 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 708-709

What is the listing price of this property?

The listing price of 505 N Lake Shore Dr Unit 708-709 property is $975,000.

What type of property is this?

The property 505 N Lake Shore Dr Unit 708-709 is a condo located in Chicago, Illinois, 60611.

Is this property for sale now?

Active Listing: 505 N Lake Shore Dr Unit 708-709 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 708-709 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 505 N Lake Shore Dr Unit 708-709 is 1,800 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 505 N Lake Shore Dr Unit 708-709 is 1968.

Rocket Homes›Illinois›Cook County›Chicago›60611›505 N Lake Shore Dr Unit 708-709

This home is located at 505 N Lake Shore Dr Unit 708-709 in Chicago, IL and zip code 60611 in the Near North Side neighborhood. This 1,800 square foot home was built in 1968. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 01, 2024 and is currently priced at $975,000.

In November 2024, from all listings sold in Chicago, IL there were more than 521 sold above asking price, over 845 sold below and more than 254 were sold right at the asked price. In November 2024 in Chicago, IL there were 2.1% more homes for sale than in October 2024. The median list price of listings available in November 2024 was $363,936, while the average time on the real estate market was 33 days.

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

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