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$489,900 Just Listed

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 1,100 Sq. Ft.
  • Updated 15 hours ago
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Spectacular 1B/1B, fully remodeled West facing contemporary unit with unobstructed views overlooking the park and pool! Condo features Porcelanosa engineered wood flooring, contemporary cabinets with kitchen island and quartz countertops. Stainless steel appliances, custom interior Aria doors. LPT is a full amenity building offering an amazing 2.5-acre park on 3rd floor, state-of-the art health club, indoor and outdoor pools, hot tub, steam, sauna, business center, community room, dry cleaners, 24hr friendly doormen, grocery, salon and so much more! Assessment includes cable & internet. Incredible location close to Michigan Ave, Ohio Street Beach, Navy Pier and so much more!

Full Property Details for 505 N Lake Shore Dr #501

General

  • Price: $489,900
  • HOA FEE: $767/month
  • Taxes: $7,085 (2024)
  • Status: Active
  • Type: Condo
  • Source: MRED
  • MLS ID: 12575923
  • Updated: 2/24/2026
  • Added to Site: 1 day(s) ago

Rental Information

  • Complex Features: Park

Interior

  • Basement: None

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 1

Additional Information

  • Shared Amenities: Bike Room/Bike Trails, Door Person, Elevator(s), Exercise Room, Storage, Health Club, On-Site Manager/Engineer, Park, Party Room, Indoor Pool, Pool, Receiving Room, Restaurant, Sauna, Security Door Lock(s), Service Elevator(s), Steam Room, Valet/Cleaner, Business Center, In Ground Pool, Security, Trail(s)
  • Other Features: School Bus Service, Commuter Bus, Non-Smoking Building

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Parking Features: Yes, Attached, Garage

Location

  • Area: CHI - Near North Side
  • County: Cook
  • Township: North Chicago
  • Driving Directions: Lake Shore Drive to Grand Ave to Illinois. Grand Ave to Illinois has free 15 minute parking on Grand Ave.

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Community

  • Assoc. Fees Include: Water, Insurance, Doorman, TV/Cable, Exercise Facilities, Pool, Exterior Maintenance, Scavenger, Snow Removal
  • Pets Allowed: Yes
  • Pets: Cats OK, Dogs OK
  • Pet Restrictions: Cats OK, Dogs OK, / 55lbs.
  • Mgmt. Company: First Service Residential

Heating & Cooling

  • Cooling Type: Zoned
  • Heating Type: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Structure Type: Condo
  • Construction: Aluminum Siding, Vinyl Siding, Steel Siding, Glass
  • Exterior Const.: Aluminum Siding, Vinyl Siding, Steel Siding, Glass
  • Basement Desc.: None
  • Entry Floor Number: 5
  • Stories/Levels: 70
  • Square Feet: 1,100
  • Sq. Ft. Source: Landlord/Tenant/Seller
  • Year Built: 1969
  • Built Before 1978: Yes
  • Remodeled/Updated: 2019

Unit Information

  • Units in Building: 758

Lot Features

  • Lot Dimensions: COMMON
  • Lot Features: Common Grounds

Animals

  • Animals Allowed: Cats OK, Dogs OK

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Beach Access, Lake Front, Pond, River Front
  • Water Front View: Front of Property
  • Lake Front: Yes

Financial Considerations

  • Association Fee: $767
  • Assoc Fee Freq.: Monthly
  • Assessment Year: 1969
  • Tax Amount: $7,085.82
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Condo
  • Property ID: 17102140161859

Listed by Oikos Realty LLC

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— 505 N Lake Shore Dr #501 —

  • Oikos Realty LLC

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 505 N Lake Shore Dr #501

School District:Chicago Public School District 299
NameGradesDistance
Ogden Elementary School
24 West Walton Street, Chicago, IL 60610
K-81 mi
Wells Community Academy High School
936 North Ashland Avenue, Chicago, IL 60622
9-112.9 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 505 N Lake Shore Dr #501 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/24/2026
Listed
$489,900
39.97%
MLS
8/18/2022
Sold
$350,000
—
Public Record
Get Price Alerts and Save Property
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 for 505 N Lake Shore Dr #501

Year
Property Taxes
Change
Tax Assessment
Change
2023
$6,330
3%
$29,999
—
2022
$6,170
2%
$29,999
—
2021
$6,033
-9%
$29,999
1%
2020
$6,597
2%
$29,615
-8%
2019
$6,460
2%
$32,153
—
2018
$6,351
3%
$32,153
12%
2017
$6,175
7%
$28,684
—
2016
$5,745
9%
$28,684
—
2015
$5,256
-1%
$28,684
—
2014
$5,326
2%
$28,708
—
2013
$5,221
1%
$28,708
—
2012
$5,152
—
$28,708
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Oikos Realty LLC

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Listed by Denise Salazar

505 N Lake Shore Drive #501, Chicago, IL 60611 (MLS# 12575923) is a Condo property with 1 bedroom and 1 full bathroom. 505 N Lake Shore Drive #501 is currently listed for $489,900 and was received on February 24, 2026. Want to learn more about 505 N Lake Shore Drive #501? 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.

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