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1516 N Lake Shore Drive, Chicago, IL 60610
$4,250,000
1516 N Lake Shore Drive, Chicago, IL 60610View this property at 1516 N Lake Shore Drive, Chicago, IL 60610
1516 N Lake Shore DriveChicagoIL60610
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Property Description
BEST OFFERS REQUESTED BY JUNE 14. This is one of Chicago's most prestigious landmark properties and one of seven mansions remaining on Lake Shore Drive. Classic details and features remain throughout this magnificent property. The mansion and two-story coach house are situated on an approximately 50 X 170 foot-wide lot located within the City's Lakefront Protection District (Private Zone). The property has a current base Zoning District of RM-5 (Residential MultiUnit) and "Near North Historic Area II" as an overlay Zoning District, potentially allowing the existing structure to be internally remodeled for multiple dwelling units or other allowable non-residential uses. The property provides breathtaking and uninterrupted views of Lake Michigan and boasts extraordinary proximity to the Lakefront, Lincoln Park, the Gold Coast, and The Magnificent Mile.
Full Property Details
Full Property Details for 1516 N Lake Shore Dr
General
- Sold For: $4,250,000
- Taxes: (2019)
- Status: Closed
- Type: Single Family
- MLS ID: 11117302
- Added to Site: 1, 064 day(s) ago
Interior
- Interior Features: Vaulted/Cathedral Ceilings, Elevator, Hardwood Floors, 1st-Floor Bedroom, In-Law Arrangement
- Fireplace: Yes
- Fireplace(s): Family Room, Living Room, Master Bedroom, Other, Gas Starter
- Appliances: Range, Refrigerator
- Cooking Appliances: Range, Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 7
- Full Bathrooms: 5
- Half Bathrooms: 2
- Bathroom Features: No Tub
- Primary Bathroom: Half
Bedrooms
- Total Bedrooms: 10
- Primary Bedroom: 31 x 14, 3rd Level
- Bedroom 2: 31 x 14, 3rd Level
- Bedroom 3: 19 x 16, 3rd Level
- Bedroom 4: 19 x 16, 3rd Level
- Bedroom 5: 16 x 14, 3rd Level
Other Rooms
- Living Room: Hardwood, 34 x 21, 2nd Level
- Family Room: Hardwood, 30 x 22, 2nd Level
- Kitchen: Eating Area/Table Space, Galley, Butler's Pantry, Closet Pantry, 14 x 11, 2nd Level
- Dining Room: Separate, Hardwood, 24 x 22, 2nd Level
- Foyer: Marble, None, 22 x 12, Main Level
- Sitting Room: Hardwood, None, 32 x 22, Main Level
- Storage Room: 31 x 31, Main Level
- Other: 30 x 22, 2nd Level
- 7th Bedroom: 15 x 11, 3rd Level
- 8th Bedroom: 19 x 15, 4th Level
- 9th Bedroom: 15 x 13, 4th Level
- 10th Bdrm: 16 x 11, 4th Level
Additional Information
- Other Features: Commuter Bus, Interstate Access, Historical District
Exterior
- Exterior Features: Breezeway
Parking
- Garage: Yes
- Garage Ownership: Owned
- Garage Spaces: 3
- Number of Cars: 5
- Total Spaces: 2
- Parking Features: Unassigned, Driveway
- Parking Type: Garage, Space(s)
- Parking On-Site: Yes
Location
- Area: CHI - Near North Side
- County: Cook
- Driving Directions: Lake Shore Drive North of Burton Place.
- Direction Faces: East
School Information
- School District: 299
- Midd School District: 299
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: 3 or More Window/Wall Units
- Heating Type: Steam, Baseboard
Utilities
- Water: Lake Michigan, Public
Structural Information
- Exterior Const.: Brick, Concrete, Limestone
- Basement Desc.: Partial
- Roof: Tile
- Square Feet: 12,000
- Sq. Ft. Source: Estimated
- Year Built: 1916
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.1905
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 50 x 170
- Driveway/Sidewalk: Concrete
- Lot Features: Irregular Lot, Lake Front, Landscaped, Water View
Water Features
- Water Front: Yes
Financial Considerations
- Assoc Fee Freq.: Not Applicable
- Parking Included: Yes
- Tax Year: 2019
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 17031010210000
Listed and Sold by Berkshire Hathaway HomeServices Chicago
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Schools
Schools serving 1516 N Lake Shore Dr
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
24 W Walton St, Chicago, IL 60610 | PK-8 | 0.7 mi | |
2001 N Orchard St, Chicago, IL 60614 | 9-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1516 N Lake Shore Dr
Date
Details
Price
Change
Source
7/02/2021
Sold
$4,250,000
-26.09%
MLS
6/09/2021
Listed
$5,750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1516 N Lake Shore Drive, Chicago, IL 60610 (MLS# 11117302) is a Single Family property that was sold at $4,250,000 on July 02, 2021. Want to learn more about 1516 N Lake Shore Drive? Do you have questions about finding other Single Family real estate for sale in Near North Side? You can browse all Near North Side real estate or contact a Coldwell Banker agent to request more information.