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  • $495,000

    505 N Lake Shore Dr APT 6508, Chicago, IL 60611

    1beds
    1,100sqft
    Condominium, Single Family Residence
    Built in 1968
    -- sqft lot
    $475,700 Zestimate®
    $450/sqft
    $2,827 Estimated rent

    Home value

    $475,700

    $442,000 - $504,000

    $2,827/mo

    Zestimate® history
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    What's special

    Absolutely Breathtaking HIGH-END Custom Gut Rehab of an Oversized 1 Bedroom, 1 Bathroom Condo in the Prestigious Lake Point Tower. The 65th Floor is the Highest Floor in the Building for these Gigantic 1 Bedrooms Sitting at Roughly 1,100 Square Feet. This High Floor South Facing Condo Features Absolutely STUNNING Unobstructed, Panoramic Views of Lake Michigan and the City Skyline - All the way down to Soldier Field and Beyond. This Home Was a Complete Gut Rehab, Completely Opening Up the Floor Plan, with High End Finishes Throughout. The Custom Chef's Kitchen was Opened Up & Expanded with White & Grey Dual Toned Soft Close Cabinetry Including Built-In Pantry Space, An Oversized Island to Gather at with Gorgeous Quartz Countertops featuring a Waterfall Edge, Stainless Steel Appliance Package Including a Wine Fridge & a Marble Tile Backsplash with Undercabinet Lighting. Additional Deep Pantry Storage Adjacent to Kitchen + a Tankless Water Heater Just for the Kitchen. The Bathroom is a Spa-Like Experience with a Custom Floating Vanity with Motion Sensor Floor Lighting & a LED Lighted Mirror, Custom Built Glass Walk-In Shower with Oversized Porcelain Tile, A Custom Make-Up Vanity, Heated Towel Bar & Sleek Motion Sensor Toilet with Heated Seat & Bidet Features. Entire Condo with Wide-Plank Oak Flooring with Espresso Finish. All 8 Oversized Windows with Electric Solar Shades for Optimal Convenience. Entire Home Wired For Speakers & Wall Mounted TV's + Additional High-Tech Wiring Throughout. This Unit has an Abundance of Closets Including Deep Walk-In Closet in Entry + Another Deep Walk-In Bedroom Closet. Laundry Hook-Up Already Installed (Just no Machine). Storage Locker is Included. Prime 1st Floor Heated Parking Spot with Charging Station Available for Additional $80k. Within this Prestigious Building, a World of Amenities Awaits...The 3rd Floor Features a 2.5 Acre Park Equipped with an Outdoor Pool, Playground & a Serene Lagoon with a Waterfall Feature and Outdoor Grills. Inside You'll Find on the 2nd Floor an Oversized Community Room, Business Center + Library, Health Club with both Sauna and Steam Rooms, an Indoor Pool with 2 Hot Tubs & a Racquetball Court that Doubles as a Pickleball Court. The Ground Level Greets You with 24 Hour Doorstaff, On-Site Convenience Store and Newly Added Dog Wash Station. Enjoy Living in THE ONLY Residence East of Lake Shore Drive with the Convenience of Lake Michigan and All it has to Offer Right Outside Your Front Door!

    Zillow last checked:

    Listing updated:

    Listed by:

    Lauren Shimmon 312-860-2346,

    Dream Town Real Estate,

    Kyle Shimmon 312-995-3177,

    Dream Town Real Estate

    Bought with:

    Grigory Pekarsky

    Vesta Preferred LLC

    Source: MRED as distributed by MLS GRID,MLS#: 12056735MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    • Full bathrooms: 1
    Rooms
    • Room types: No additional rooms
    Primary bedroom
    • Features: Flooring (Hardwood)
    • Level: Main
    • Area: 208 Square Feet
    • Dimensions: 16X13
    Dining room
    • Features: Flooring (Hardwood)
    • Level: Main
    • Dimensions: COMBO
    Kitchen
    • Features: Kitchen (Eating Area-Breakfast Bar, Island, Pantry-Closet), Flooring (Hardwood)
    • Level: Main
    • Area: 198 Square Feet
    • Dimensions: 22X09
    Living room
    • Features: Flooring (Hardwood)
    • Level: Main
    • Area: 374 Square Feet
    • Dimensions: 22X17
    Heating
    • Electric
    Cooling
    • Wall Unit(s), Zoned
    Appliances
    • Included: Range, Microwave, Dishwasher, Refrigerator, High End Refrigerator, Disposal, Stainless Steel Appliance(s), Wine Refrigerator, Cooktop, Oven
    • Laundry: Washer Hookup, In Unit, Common Area, Multiple Locations
    Features
    • Dry Bar, Storage
    • Flooring: Hardwood
    • Doors: Door Monitored By TV
    • Basement: None
    Interior area
    • Total structure area: 0
    • Total interior livable area: 1,100 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Heated Garage, On Site, Deeded, Attached, Garage
    • Attached garage spaces: 1
    Accessibility
    • Accessibility features: No Disability Access
    Features
    • Patio & porch: Roof Deck, Deck
    • Exterior features: Dog Run, Outdoor Grill, Door Monitored By TV
    • Pool features: In Ground
    • Has spa: Yes
    • Spa features: Outdoor Hot Tub
    • On waterfront: Yes
    Details
    • Parcel number: 17102140161023
    • Special conditions: List Broker Must Accompany

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium, Single Family Residence
    Materials
    • Brick, Glass
    Condition
    • New construction: No
    • Year built: 1968
    • Major remodel year: 2018

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Lake Michigan

    Community & HOA

    HOA
    • Has HOA: Yes
    • Amenities included: Bike Room/Bike Trails, Door Person, Commissary, Elevator(s), Exercise Room, Storage, Health Club, On Site Manager/Engineer, Park, Party Room, Sundeck, Indoor Pool, Pool, Receiving Room, Restaurant, Sauna, Security Door Lock(s), Service Elevator(s), Steam Room, Valet/Cleaner, Spa/Hot Tub, Business Center
    • Services included: Water, Insurance, Doorman, Cable TV, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet
    • HOA fee: $844 monthly
    Location
    • Region: Chicago

    Financial & listing details

    • Price per square foot: $450/sqft
    • Tax assessed value: $416,890
    • Annual tax amount: $6,700
    • Date on market: 5/15/2024
    • Listing terms: Cash
    • Ownership: Condo

    Price history

    DateEventPrice
    6/24/2024Sold$495,000-3.9%$450/sqft
    Source: MRED as distributed by MLS GRID #12056735 Report a problem
    6/10/2024Contingent$515,000$468/sqft
    Source: MRED as distributed by MLS GRID #12056735 Report a problem
    5/15/2024Price change$515,000-1.9%$468/sqft
    Source: MRED as distributed by MLS GRID #12056735 Report a problem
    2/5/2024Listed for sale$525,000+47.9%$477/sqft
    Source: MRED as distributed by MLS GRID #11973725 Report a problem
    8/27/2015Sold$355,000-2.7%$323/sqft
    Source: MRED as distributed by MLS GRID #08959874 Report a problem
    6/20/2015Listed for sale$365,000+4.3%$332/sqft
    Source: @properties #08959874 Report a problem
    12/31/2001Sold$350,000+6.1%$318/sqft
    Source: Public Record Report a problem
    5/17/2001Sold$330,000+130.2%$300/sqft
    Source: Public Record Report a problem
    10/2/1997Sold$143,333$130/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$7,714 +11.9%$41,689 +15.8%
    2023$6,896 +2.9%$35,999
    2022$6,701 +2%$35,999
    2021$6,569 -15.8%$35,999 +2.8%
    2020$7,799 +2.1%$35,007 -7.9%
    2019$7,636 +1.7%$38,007
    2018$7,508 +2.9%$38,007 +12.1%
    2017$7,299 +7.5%$33,905
    2016$6,791 +9.3%$33,905
    2015$6,213 -1.3%$33,905 -0.1%
    2014$6,296 +2%$33,934
    2013$6,172 +1.4%$33,934
    2012$6,089 +13.9%$33,934 +2.8%
    2011$5,348 -0.4%$33,001
    2010$5,370 -5.6%$33,001 -9.5%
    2009$5,689 +18.9%$36,481 +9.3%
    2008$4,786 +1%$33,363
    2007$4,738 -1.1%$33,363
    2006$4,790 -17.4%$33,363 -6%
    2005$5,798 +1%$35,486
    2004$5,740 +2.2%$35,486
    2003$5,615 +31.1%$35,486 +48.8%
    2002$4,284 +3.8%$23,847
    2001$4,130 +1.3%$23,847
    2000$4,077 -0.7%$23,847 +12.4%
    1999$4,105 $21,225
    Find assessor info on the county website

    Neighborhood: Streeterville

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • 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
    $475,700
    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
    $475,700