179 E Lake Shore Drive #502, Chicago, IL 60611 - Photo 1

1/1

$650,000

Sold
Closed
Co-op
2 Beds
2 Full Baths
1,852 Sq. Ft.
2 Car Garage

1/1

Property Description

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.

Full Property Details

Full Property Details for 179 E Lake Shore Dr #502

General

Sold For: $650,000
HOA FEE: $2,476/month
Taxes: $21,472 (2022)
Status: Closed
Type: Co-op
Source: MRED
MLS ID: 12159401
Added to Site: 490 day(s) ago

Interior

Interior Features: 1st-Floor Bedroom, Storage
Fireplace: Yes
Fireplace(s): Living Room, Wood-Burning, Gas Log
Flooring: Hardwood

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2

Bedrooms

Total Bedrooms: 2

Additional Information

Shared Amenities: Bike Room/Bike Trails, Door Person, Elevator(s), Exercise Room, Storage, On-Site Manager/Engineer, Receiving Room, Service Elevator(s), Business Center

Parking

Garage: Yes
Attached garage: Yes
Garage Spaces: 2
Total Spaces: 2
Parking Features: Heated Garage, On Site, Leased, Attached, Garage
Parking On-Site: Yes

Location

Area: CHI - Near North Side
County: Cook
Subdivision: Drake Tower
Driving Directions: East of Drake Hotel on East Lake Shore Drive, across from Lake Michigan.

School Information

School District: 299
Midd School District: 299

Community

Assoc. Fees Include: Heat, Water, Taxes, Insurance, Security, Doorman, TV/Cable, Exercise Facilities, Lawn Care, Scavenger, Snow Removal
Pets Allowed: Yes
Pet Restrictions: Cats OK, Dogs OK, Number Limit
Mgmt. Company: Self-managed

Heating & Cooling

Cooling Type: Central Air Conditioning, Small Duct High Velocity
Heating Type: Radiator(s)

Utilities

Water: Lake Michigan

Structural Information

Structure Type: Vintage
Construction: Brick, Stone
Exterior Const.: Brick, Stone
Basement Desc.: None
Sub-Flooring: Hardwood
Entry Floor Number: 5
Stories/Levels: 30
Square Feet: 1,852
Sq. Ft. Source: Plans
Year Built: 1928
Built Before 1978: Yes

Unit Information

Units in Building: 58

Lot Features

Lot Dimensions: 1852 SQUARE FEET

Water Features

Water Front: Yes

Financial Considerations

Lease Price: $200
Association Fee: $2,476
Assoc Fee Freq.: Monthly
Assessment Year: 1928
Tax Amount: $21,472
Tax Year: 2022

Disclosures and Reports

Ownership: Co-op
Special Conditions: List Broker Must Accompany
Property ID: 17032080020000

Listed by Baird & Warner
Sold by Cross Street Real Estate

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— 179 E Lake Shore Dr #502 —

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Schools

Schools serving 179 E Lake Shore Dr #502

School District:Chicago Public School District 299

Name	Grades	Distance
Ogden Elementary School 24 West Walton Street, Chicago, IL 60610	K-8	0.3 mi
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622	9-11	2.3 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 179 E Lake Shore Dr #502

Date

Details

Price

Change

Source

9/30/2025

Sold

$650,000

-10.96%

MLS

1/02/2025

Price Reduced

$730,000

-6.41%

MLS

9/13/2024

Listed

$780,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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179 E Lake Shore Drive #502, Chicago, IL 60611 (MLS# 12159401) is a Co-op property that was sold at $650,000 on September 30, 2025. Want to learn more about 179 E Lake Shore Drive #502? Do you have questions about finding other Co-op 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.

179 E Lake Shore Dr #502 Chicago, IL 60611