ClosedPrice Reduced

$424,000

$450,000
1240 Lake Shore Drive, Chicago, IL 60610
2 Beds4 Baths0 sqft72 days
1240 Lake Shore Drive·Chicago, IL 60610
2Bedrooms
4Bathrooms
0Sq Ft
1970Year Built
About This Home

This exceptionally rare residence offers a unique chance to bring your vision to life and create a home that's entirely your own in one of Chicago's most iconic lakefront locations. Set high above Lake Michigan and Oak Street Beach, the views are truly remarkable-sweeping, unobstructed panoramas that stretch from the shoreline to the city skyline, with front-row glimpses of Navy Pier fireworks lighting the night sky. Encompassing approximately 2,200 square feet, this is one of only a select few oversized homes within the building-offering a scale and flexibility rarely found along Lake Shore Drive at this price point. Originally designed as a four-bedroom residence, the current layout presents an ideal opportunity to reconfigure and renovate-customizing the space to your needs while adding long-term value. The main living space features floor-to-ceiling windows that frame the ever-changing blues of the lake, filling the home with natural light and creating an open, airy feel. The kitchen is ideally positioned along the curve of Lake Shore Drive, offering a stunning backdrop and strong potential for a thoughtful redesign. A gracious entry introduces a well-placed powder room, while generous storage and existing built-ins provide a solid foundation to build upon. On the west side of the home, equally striking city views create a dynamic contrast to the lakefront panorama. The flexible secondary living space-currently used as a family room and office-can easily be reimagined as a private bedroom with ensuite potential, further enhancing the home's versatility. Additional features include an in-unit washer and dryer and the privacy of just two residences per floor, offering a quieter, more boutique feel within the building. Residents of 1240 Lake Shore Drive enjoy full-service amenities including door staff, an onsite engineer, valet garage parking with car wash service, and a rooftop deck with grilling areas, seating, and panoramic lake and city views. Perfectly positioned just steps from Michigan Avenue, this fairly priced residence offers the rare opportunity to bring your vision to life-reconfiguring and refining the space into something truly special while capturing long-term upside in a premier location. The seller will also satisfy the current special assessment for riser replacement in full at closing, offering added peace of mind.

MLS# 12642018Listed May 7, 2026Residential
Property Details

Beds & Baths

Total Bedrooms2
Total Bathrooms4
Full Baths3
Half Baths1
Total Rooms5

Size & Structure

Living Area0 sqft
Stories33
Garage Spaces1
Year Built1970
Lot SizeCOMMON

Location

CountyCook
TownshipNorth Chicago
Zip Code60610

Financial

List Price$424,000
Original Price$450,000
Annual Taxes (2024)$11,732
Monthly Tax Est.$978
Parcel #17031110091012
Interior Features

Appliances

MicrowaveDishwasherRefrigeratorFreezer

Heating

ElectricIndv ControlsZoned

Cooling

Wall Unit(s)

Basement

None

Laundry

Washer HookupIn UnitCommon Area
Exterior & Lot

Construction

Concrete

Exterior Features

Roof DeckOutdoor Grill

Patio & Porch

Deck
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Electric

Circuit Breakers

Parking

Heated GarageYesLeasedAttachedGarage
HOA & Community
HOA Fee
$2,905
Monthly

HOA Includes

WaterInsuranceSecurityDoormanTV/CableExercise FacilitiesExterior MaintenanceLawn CareScavengerSnow RemovalInternet

Association Amenities

Bike Room/Bike TrailsDoor PersonCoin LaundryElevator in ResidenceExercise RoomStorageOn Site Manager/EngineerParty RoomSundeckReceiving RoomElevator(s)
Tax & Financial
Annual Taxes
$11,732
Tax Year 2024
Monthly Tax Est.
$978
per month
Price Reduced by $26,000
Original list price: $450,000
Property Location

1240 Lake Shore Drive, Chicago, IL 60610 — Cook County

$424,000
1240 Lake Shore Drive
2 bd4 ba0 sqft
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
72 days on market
1-car garage
COMMON
$11,732/yr taxes
$2,905 HOA (monthly)
Price reduced $26,000
$6,111
estimated monthly payment
Principal & Interest
$2,228/mo
Property Tax
$978/mo
HOA
$2,905/mo
$424,000
20% — $84,800
3%50%
6.875%
3%12%
Loan Amount
$339,200
Down Payment
$84,800

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
@properties Christie's International Real Estate
Agent: Jeffrey Proctor
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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