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  • $675,000

    505 N Lake Shore Dr APT 5006, Chicago, IL 60611

    2beds
    1,450sqft
    Condominium, Single Family Residence
    Built in 1968
    -- sqft lot
    $698,200 Zestimate®
    $466/sqft
    $4,142 Estimated rent

    Home value

    $698,200

    $656,000 - $747,000

    $4,142/mo

    Zestimate® history
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    What's special

    Welcome to this bright and spacious, luxurious, urban oasis on the 50th floor of Chicago's iconic Lake Point Tower. This stunning East facing corner 2 bedroom/2 bath home offers 1,450 square feet of refined living space and boasts breathtaking unobstructed views of Lake Michigan, Navy Pier, and pristine Chicago beaches from every room through wall-to-wall windows that will leave you in awe. Relax and unwind while watching amazing sunrises, sail boats and fireworks from the comfort of your own living room. As you step inside, you'll be greeted with an abundance of natural light flooding in from the walls of windows that frame the remarkable vistas. Imagine waking up to the mesmerizing sunrises over Lake Michigan, setting the tone for your day in the most spectacular way. This amazing home features a white kitchen with 42" cabinets, stainless steel appliances, a large pass through with breakfast bar & a pantry closet. The generously sized main bedroom offers a spacious bath ensuite, featuring a whirlpool tub/shower combo. Freshly painted, premium custom window shades on every window, new luxury vinyl flooring throughout the living space and bedrooms, convenient in-unit laundry and a separate storage locker included. Newly furnished, to include bedding and towels, making this beautiful home "move in ready." Lake Point Tower is not just a residence; it's a Chicago landmark, an architectural masterpiece, and a lifestyle. This iconic building, completed in 1968, was designed by the renowned architect John Heinrich and stands as a testament to Chicago's rich architectural history. It was the world's tallest apartment building when constructed and remains one of the most sought-after addresses in the city. 505 N. Lake Shore Dr. is steeped in history and located in the heart of Streeterville, an area renowned for its vibrant culture and proximity to many of the city's most famous landmarks. Navy Pier, just steps away, has been an integral part of Chicago's history for over a century, offering entertainment, dining, and cultural experiences. The Lake Michigan shoreline, a backdrop to your everyday life, is a reminder of Chicago's historical connection to the Great Lakes. Living in Lake Point Tower means being part of a community with a rich legacy in Chicago's real estate landscape. This remarkable building boasts 5-star amenities including 24hr door staff, indoor & outdoor pools, state of the art fitness center, sauna & steam rooms, 2 hot tubs, racquetball/basketball/pickleball court, business center, mini grocery store, 2.5 acre private park with grilling area, community room, dry cleaners, restaurant, children's play areas, beauty salon, library & dog wash station providing residents with an unparalleled urban retreat. The amazing Streeterville location makes it easy to enjoy walking or biking along the Lake, dining at nearby restaurants & shopping on Michigan Ave. Easy access to Navy Pier, public transportation, Lake Shore Drive, downtown Chicago & grocery stores. Parking is available for rent or for purchase. Experience the epitome of Chicago living at 505 N Lake Shore Dr, Unit 5006, where breathtaking views, modern updates, and a connection to the city's history converge. This is your opportunity to own a piece of Chicago's iconic skyline and history. Don't miss out on this exceptional urban sanctuary.

    Zillow last checked:

    Listing updated:

    Listed by:

    Michael J Frank, GRI 773-251-8963,

    Keller Williams Preferred Realty,

    James J Frank 630-212-8322,

    Keller Williams Preferred Realty

    Bought with:

    Mary Nack

    Compass

    Source: MRED as distributed by MLS GRID,MLS#: 12018140MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Foyer
    Primary bedroom
    • Features: Flooring (Vinyl), Window Treatments (Window Treatments), Bathroom (Full)
    • Level: Main
    • Area: 216 Square Feet
    • Dimensions: 18X12
    Bedroom 2
    • Features: Flooring (Vinyl), Window Treatments (Window Treatments)
    • Level: Main
    • Area: 221 Square Feet
    • Dimensions: 17X13
    Dining room
    • Features: Flooring (Vinyl), Window Treatments (Window Treatments)
    • Level: Main
    • Area: 110 Square Feet
    • Dimensions: 11X10
    Foyer
    • Features: Flooring (Ceramic Tile)
    • Level: Main
    • Area: 81 Square Feet
    • Dimensions: 9X9
    Kitchen
    • Features: Kitchen (Eating Area-Breakfast Bar, Island, Pantry-Closet), Flooring (Ceramic Tile)
    • Level: Main
    • Area: 100 Square Feet
    • Dimensions: 10X10
    Laundry
    • Features: Flooring (Vinyl)
    Living room
    • Features: Flooring (Vinyl), Window Treatments (Window Treatments)
    • Level: Main
    • Area: 390 Square Feet
    • Dimensions: 26X15
    Heating
    • Electric
    Cooling
    • Wall Unit(s), Zoned
    Appliances
    • Included: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
    • Laundry: Washer Hookup, In Unit
    Features
    • Elevator, Storage
    • Windows: Screens
    • Basement: None
    • Common walls with other units/homes: End Unit
    Interior area
    • Total structure area: 0
    • Total interior livable area: 1,450 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Concrete, Circular Driveway, Garage Door Opener, Heated Garage, On Site, Leased, Attached, Garage
    • Attached garage spaces: 1
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: Door Width 32 Inches or More, Lever Door Handles, Entry Slope less than 1 foot, No Interior Steps, Disability Access
    Features
    • Exterior features: Outdoor Grill
    • Pool features: In Ground
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Lake Front, Pond
    Lot
    • Features: Common Grounds, Landscaped
    Details
    • Parcel number: 17102140161205
    • Special conditions: List Broker Must Accompany

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium, Single Family Residence
    Materials
    • Glass, Clad Trim
    • Foundation: Concrete Perimeter, Pillar/Post/Pier, Reinforced Caisson
    • Roof: Other
    Condition
    • New construction: No
    • Year built: 1968
    • Major remodel year: 2023

    Utilities & green energy

    • Electric: 200+ Amp Service
    • Sewer: Public Sewer, Storm Sewer
    • Water: Lake Michigan, Public
    • Utilities for property: Cable Available
    Green energy
    • Energy efficient items: Roof

    Community & HOA

    Community
    • Subdivision: Lake Point Tower
    HOA
    • Has HOA: Yes
    • Amenities included: Bike Room/Bike Trails, Door Person, Coin Laundry, Commissary, Elevator(s), Exercise Room, Storage, Health Club, On Site Manager/Engineer, Park, Party Room, Indoor Pool, Pool, Receiving Room, Restaurant, Sauna, Service Elevator(s), Steam Room, Valet/Cleaner, Spa/Hot Tub, Business Center, Patio
    • Services included: Water, Insurance, Security, Doorman, Cable TV, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet
    • HOA fee: $1,225 monthly
    Location
    • Region: Chicago

    Financial & listing details

    • Price per square foot: $466/sqft
    • Tax assessed value: $619,040
    • Annual tax amount: $10,900
    • Date on market: 4/24/2024
    • Listing terms: Cash
    • Ownership: Condo

    Price history

    DateEventPrice
    8/9/2024Sold$675,000$466/sqft
    Source: MRED as distributed by MLS GRID #12018140 Report a problem
    7/13/2024Contingent$675,000$466/sqft
    Source: MRED as distributed by MLS GRID #12018140 Report a problem
    4/24/2024Listed for sale$675,000$466/sqft
    Source: MRED as distributed by MLS GRID #12018140 Report a problem
    4/24/2024Listing removed--
    Source: MRED as distributed by MLS GRID #11957730 Report a problem
    1/8/2024Listed for sale$675,000+1.5%$466/sqft
    Source: MRED as distributed by MLS GRID #11957730 Report a problem
    12/8/2023Listing removed--
    Source: MRED as distributed by MLS GRID #11870478 Report a problem
    9/5/2023Listed for sale$664,900+10.3%$459/sqft
    Source: MRED as distributed by MLS GRID #11870478 Report a problem
    8/15/2020Listing removed$3,500$2/sqft
    Source: @properties #10662881 Report a problem
    3/11/2020Listed for rent$3,500$2/sqft
    Source: @properties #10662881 Report a problem
    2/28/2020Sold$603,000-2%$416/sqft
    Source: MRED as distributed by MLS GRID #10598774 Report a problem
    1/6/2020Pending sale$615,000$424/sqft
    Source: Americorp Ltd #10598774 Report a problem
    11/11/2019Price change$615,000-1.6%$424/sqft
    Source: Americorp Ltd #10558850 Report a problem
    10/26/2019Listed for sale$624,888+64.7%$431/sqft
    Source: Americorp Ltd #10558850 Report a problem
    10/12/1999Sold$379,500+26.5%$262/sqft
    Source: Public Record Report a problem
    2/14/1997Sold$300,000$207/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$12,437 +11.2%$61,904 +16.8%
    2023$11,182 +2.6%$52,998
    2022$10,901 +2.3%$52,998
    2021$10,657 -2.1%$52,998 +2%
    2020$10,889 +2.2%$51,982 -7.9%
    2019$10,650 +1.7%$56,437
    2018$10,470 +3.5%$56,437 +12.1%
    2017$10,111 +5.5%$50,346
    2016$9,584 +9.6%$50,346
    2015$8,745 -1.4%$50,346 -0.1%
    2014$8,873 +2.1%$50,389
    2013$8,686 +5%$50,389
    2012$8,275 +8.7%$50,389 +2.8%
    2011$7,613 +6%$49,003
    2010$7,185 -4.5%$49,003 -9.5%
    2009$7,522 +22.4%$54,171 +9.3%
    2008$6,143 +5.8%$49,541
    2007$5,808 +0.8%$49,541
    2006$5,763 -22.3%$49,541 -6%
    2005$7,414 +2%$52,695
    2004$7,268 +3.1%$52,695
    2003$7,052 +16.9%$52,695 +48.8%
    2002$6,035 -1.6%$35,411
    2001$6,132 +8.1%$35,411
    2000$5,670 -7%$35,411 +12.4%
    1999$6,095 $31,517
    Find assessor info on the county website

    Neighborhood: Streeterville

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Ogden Elementary
    • Middle: Ogden Elementary
    • High: Wells Community Academy Senior H
    • District: 299

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $698,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $698,200