$8,669

closing credit¹

179 E Lake Shore Dr Unit 502 Chicago, IL 60611

$730,000
2 beds
2 full
1,852 sqft
$394 / sqft
Townhouse

Property details

About 179 E Lake Shore Dr Unit 502

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.

Highlights

Home typeTownhouse
HeatingRadiant
StatusActive
CoolingCentral Air, Other
Size1,852 sqft
Year built1928
MLS #12159401
Attached garage2 spaces
FireplaceWood Burning, Gas Log

Summary

  • MLS Number: 12159401
  • MLS Name: MRED
  • Office Name: Baird & Warner
  • Office Phone: (312) 640-7010
  • Listing Agent: James Kinney

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$730,000

179 E Lake Shore Dr Unit 502

$8,669

closing credit¹

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Price information

Property sales

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Tax history

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Nearby schools

9

Skinner Elementary School

Public District PK-5

1.3 mi

111 S Throop St

3

Hope Learning Academy

Public District KG-5

2.6 mi

1628 W Washington Blvd

4

Cooper Elementary Academy

Public District PK-5

3.8 mi

1624 W 19th St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $353,224. Most Chicago, IL residents have annual incomes $200k+. The most common type of family is married, no kids. Residents of this area typically have post secondary degree education.

How much money do the neighbors make?

1%
<35k
16%
35k-100k
13%
100k-200k
70%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

42%
Single, No Kids
2%
Single, with Kids
50%
Married, No Kids
6%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

4%
<11 yrs old
2%
12-17 yrs old
3%
18-34 yrs old
42%
35-64 yrs old
49%
65+ yrs old

What do the neighbors do for fun?

  • Live TheatreLive Theatre
  • Hiking/backpackingHiking/backpacking
  • TennisTennis

Where do the neighbors shop?

  • BloomingdalesBloomingdales
  • Crate & BarrelCrate & Barrel
  • Nordstrom RackNordstrom Rack

Where do the neighbors go to eat?

  • Boston MarketBoston Market
  • StarbucksStarbucks
  • The Cheesecake FactoryThe Cheesecake Factory

What do the neighbors drive?

  • MercedesMercedes
  • AudiAudi
  • BMWBMW

What do the neighbors listen to?

  • NewsNews
  • AlternativeAlternative
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

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Frequently asked questions

About 179 E Lake Shore Dr Unit 502

This home is located at 179 E Lake Shore Dr Unit 502 in Chicago, IL and zip code 60611 in the Near North Side neighborhood. This 1,852 square foot home was built in 1928. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 13, 2024 and is currently priced at $730,000.

In December 2024, from all listings sold in Chicago, IL there were more than 447 sold above asking price, over 930 sold below and more than 276 were sold right at the asked price. The number of listings in Chicago, IL decreased by 4.5% between November and December 2024. The median list price of listings available in December 2024 was $366,590, while the average time on the real estate market was 35 days.

From Rocket Homes Real Estate and based on county public records data.

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