$10,000

closing credit¹

505 N Lake Shore Dr Unit 2507-06 Chicago, IL 60611

$1,325,000
3 beds
2 full, 1 partial
3,000 sqft
$442 / sqft
Condo

Property details

About 505 N Lake Shore Dr Unit 2507-06

Step into the epitome of luxury living in Chicago's most iconic lakefront building, Lake Point Tower-the only residential building east of Lake Shore Drive. This combined double end unit on the 25th floor boasts 3,000 square feet of living space with views of Lake Michigan and Chicago from every room. Your new lifestyle begins immediately when you move into this fully furnished condo that includes comfortable appointments for each room. The well thought out floor plan includes wall-to-wall windows that brighten all living spaces and each of the 3 bedrooms. The kitchen is appointed with white cabinets and Corian counters that extend into a large dining area with barstool seating. A new refrigerator was installed in 2022. A new laundry pair has also been added to the adjacent walk in pantry. The primary suite features ample closets as well as walk behind customized built storage. The ensuite bath features a spacious shower and soaking tub, 2 marble vanity areas, and a private toilet/bidet. The second bedroom is spacious and includes an ensuite full bathroom. The 3rd spacious bedroom has been set up for a convenient home office. This sale will also include a 2-car tandem deeded parking space very close to the heated garage entrance. Two additional storage cages are also assigned to the unit and located on the 2nd floor. Lake Point Tower living includes an unmatched suite of amenities, including outdoors a 2.5-acre private park with landscaped grounds, BBQ grilling area, and playground. Inside find access to the indoor and outdoor pools, and a fully equipped health club on-site. There is 24-hour security, valet parking, and concierge services. Additional on-site conveniences include a business center, meeting rooms, a community lounge for work or relaxation, dry cleaners, hair salon, convenience store, and more. This residence truly offers the rare combination of luxury and location. Whether you're looking for a turnkey investment or a second home in the city, this property checks every box. Property being sold as-is with furniture (furniture included at no additional value).

Highlights

Home typeCondominium
HeatingElectric
StatusAccepting Backup Offers
(Contingent)
Size3,000 sqft
Year built1968
MLS #12212540
Attached garage2 spaces
WaterfrontLake Front, Pond, River Front, Water View, Waterfront

Summary

  • MLS Number: 12212540
  • MLS Name: MRED
  • Office Name: Coldwell Banker Realty
  • Office Phone: (630) 369-9000
  • Office Email: naperville75th@cbexchange.com
  • Listing Agent: David Albrecht

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$1,325,000

505 N Lake Shore Dr Unit 2507-06

$10,000

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

2.0 mi

111 S Throop St

3

Hope Learning Academy

Public District KG-5

2.9 mi

1628 W Washington Blvd

4

Cooper Elementary Academy

Public District PK-5

3.7 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 $95,946. Most Chicago, IL residents have annual incomes between $35k-100k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

How much money do the neighbors make?

11%
<35k
41%
35k-100k
26%
100k-200k
22%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

72%
Single, No Kids
3%
Single, with Kids
21%
Married, No Kids
4%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

5%
<11 yrs old
2%
12-17 yrs old
36%
18-34 yrs old
41%
35-64 yrs old
16%
65+ yrs old

What do the neighbors do for fun?

  • Music ConcertsMusic Concerts
  • Hiking/backpackingHiking/backpacking
  • Live TheatreLive Theatre

Where do the neighbors shop?

  • H&MH&M
  • BloomingdalesBloomingdales
  • Crate & BarrelCrate & Barrel

Where do the neighbors go to eat?

  • ChipotleChipotle
  • StarbucksStarbucks
  • Boston MarketBoston Market

What do the neighbors drive?

  • VolkswagenVolkswagen
  • AudiAudi
  • MercedesMercedes

What do the neighbors listen to?

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

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Frequently asked questions

About 505 N Lake Shore Dr Unit 2507-06

This home is located at 505 N Lake Shore Dr Unit 2507-06 in Chicago, IL and zip code 60611 in the Near North Side neighborhood. This 3,000 square foot home was built in 1968. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 2, 2024 and is currently priced at $1,325,000.

While more than 447 listings in Chicago, IL in December 2024 were sold above asking price, there were more than 276 listings sold at asking price, and more than 930 were sold below. The number of homes for sale in Chicago, IL decreased by 4.5% between November and December 2024. In December 2024, listings were on the market for 35 days. During the same period, the median list price in this real estate market was $366,590.

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

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