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505 N Lake Shore Drive #1001, Chicago, IL 60611
$399,999
505 N Lake Shore Drive #1001, Chicago, IL 60611View this property at 505 N Lake Shore Drive #1001, Chicago, IL 60611
505 N Lake Shore Drive #1001ChicagoIL60611
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Property Description
Welcome to Lake Point Tower, one of Chicago's iconic buildings. This great Streeterville location is steps from Lake Michigan and Navy Pier. This rarely available large 1 bed/ 1 bath preferred "01" tier has million dollar lake and city views from every room and offers amazing sunsets and tons of natural light. The condo features an open floor plan that includes recently added hardwood floors throughout, kitchen has custom cabinets, a large breakfast bar and stainless steel appliances. Separate dining room off of the kitchen/ living room. The spacious living room has a wall of windows that looks directly at the lake and city which is perfect for entertaining or just relaxing. The huge bedroom has a large walk-in closet. Tons of closet space/ storage in the condo and also comes with an additional storage locker within the building. Full amenity building with 24-hour door staff, 1 indoor and 1 outdoor pool, full health club, 2.5 acre park, a library, business center, and more. This condo is perfect for a primary residence or an in-town. Awesome Streeterville location! Close to Lake Michigan, Navy Pier, Michigan Ave shopping, highways, and award winning restaurants. Rental parking available in the building.
Full Property Details
Full Property Details for 505 N Lake Shore Dr #1001
General
- Price: $399,999
- HOA FEE: $741/month
- Taxes: $5,531 (2022)
- Status: Active
- Type: Condo
- MLS ID: 12038484
- Updated: 5/1/2024
- Added to Site: 10 day(s) ago
Interior
- Basement: None
- Interior Features: Hardwood Floors, Storage, Walk-In Closet(s)
- Appliances: Range, Microwave, Dishwasher, Refrigerator, Stainless Steel Appliance(s)
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Bathroom Features: Soaking Tub
Bedrooms
- Total Bedrooms: 1
Additional Information
- Shared Amenities: Door Person, Coin Laundry, Elevator(s), Exercise Room, Storage, Health Club, On-Site Manager/Engineer, Park, Party Room, Sundeck, Indoor Pool, Pool, Receiving Room, Sauna, Service Elevator(s)
- Other Features: Commuter Bus, Interstate Access
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Ownership: Fee/Leased
- Garage Spaces: 1
- Total Spaces: 1
- Parking Type: Garage
- Garage Description: Heated
Location
- Area: CHI - Near North Side
- County: Cook
- Township: North Chicago
- Subdivision: Lake Point Tower
- Driving Directions: Lake Shore Dr to Illinois St. Go east on Illinois St. Entrance is on Grand Ave side of the building.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
- Elementary School: Ogden Elementary
- Middle School: Ogden Elementary
- High School: Wells Community Academy Senior H
- Private School: Wells Community Academy Senior H
Community
- Assoc. Fees Include: Water, Insurance, Security, Doorman, TV/Cable, Clubhouse, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet
- Pets Allowed: Yes
- Pets: Cats OK, Dogs OK, Number Limit, Size Limit
- Pet Restrictions: Cats OK, Dogs OK, Number Limit, Size Limit, / 55lbs.
- Mgmt. Company: First Service Residential
Heating & Cooling
- Cooling Type: Window/Wall Units - 3+
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Structure Type: Condo, High-Rise (7 or More Stories)
- Exterior Const.: Glass
- Basement Desc.: None
- Stories/Levels: 70
- Square Feet: 1,100
- Sq. Ft. Source: Estimated
- Year Built: 1968
- Built Before 1978: Yes
Unit Information
- Units in Building: 758
- Unit Floor in Bldg.: 10
Lot Features
- Lot Dimensions: COMMON
Animals
- Animals Allowed: Cats OK, Dogs OK, Number Limit, Size Limit
Water Features
- Water Front: Yes
Financial Considerations
- Lease Price: $275
- Association Fee: $741
- Assoc Fee Freq.: Monthly
- Assessment Year: 1968
- Tax Amount: $5,531.55
- Tax Year: 2022
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Condo
- Property ID: 17102140161769
Listed by Compass
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Schools
Schools serving 505 N Lake Shore Dr #1001
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
24 W Walton St, Chicago, IL 60610 | PK-8 | 1 mi | |
936 N Ashland Ave, Chicago, IL 60622 | 9-12 | 2.9 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 505 N Lake Shore Dr #1001
Date
Details
Price
Change
Source
4/25/2024
Listed
$399,999
-55.75%
MLS
2/24/2020
Sold
$904,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 505 N Lake Shore Dr #1001
Year
Property Taxes
Change
Tax Assessment
Change
2022
$5,532
2%
$30,998
—
2021
$5,430
-9%
$30,998
2%
2020
$5,936
2%
$30,371
-8%
2019
$5,798
2%
$32,974
—
2018
$5,699
-10%
$32,974
12%
2017
$6,332
7%
$29,415
—
2016
$5,891
29%
$29,415
—
2015
$4,566
-2%
$29,415
—
2014
$4,646
2%
$29,441
—
2013
$4,535
-6%
$29,441
—
2012
$4,835
—
$29,441
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 505 N Lake Shore Dr #1001
505 N Lake Shore Drive #1001, Chicago, IL 60611 (MLS# 12038484) is a Condo property with 1 bedroom and 1 full bathroom. 505 N Lake Shore Drive #1001 is currently listed for $399,999 and was received on April 25, 2024. Want to learn more about 505 N Lake Shore Drive #1001? Do you have questions about finding other Condo 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.