ClosedPrice Reduced

$229,999

$235,000
1550 Lake Shore Drive, Chicago, IL 60610
1 Beds1 Baths0 sqft41 days
1550 Lake Shore Drive·Chicago, IL 60610
1Bedrooms
1Bathrooms
0Sq Ft
1960Year Built
About This Home

(HIGHLY MOTIVATED) Imagine leaving your spectacular lobby on a beckoning summer day. Lake Michigan dotted with sailboats shimmers before you, its warm beaches a five-minute walk, Lincoln Park's 1200-acre greenery a two-minute stroll. This is 1550 Lake Shore Drive -- right in the heart of Chicago's historical Gold Coast. Unit 15D also captures these moments thanks to its captivating lake and city views from its spacious living room and bedroom. Sustainable flooring in the living room, foyer and hallway -- brand new textured carpeting in the bedroom, beautifully updated bathroom and tons of closet space and storage. There's even a pantry in the well-laid-out kitchen and a new fridge and stove. WASHER and DRYER may be installed. Elegant secure building with recently renovated marble lobby and updated hallways, onsite M-F management, 24-hour doorperson and a perpetual emergency $1m reserve fund. Amenities include a well-appointed exercise room and lending library, immaculately maintained laundry room with heavy-duty commercial equipment, large freight elevator, meeting room, extensive remodeled roof deck and first-floor Lake Shore Drive patio to watch the world go by or the annual Air Show and twice-weekly fireworks. Investor-friendly with 79% owner occupancy, there is no rental cap but a 12-month lease requirement. Additional completed capital projects include elevator modernization, horizontal riser replacement, new boilers, tuckpointing and others. Monthly assessment includes heat, water, Wi-Fi/cable; monthly electric bill average $29.68. The heated attached garage offers valet parking for $245 a month and a protected bike and scooter cage for $50 a year. No.151 bus stops right outside -- 15-minute walk to L. Easy access to bike and hiking trails, Old Town, Gibson Triangle, restaurants, nightlife, Michigan Avenue shopping, museums and all of Chicago's most popular draws. Tour this while it's still available.

MLS# 11981866Listed February 21, 2024Residential
Property Details

Beds & Baths

Total Bedrooms1
Total Bathrooms1
Full Baths1
Half Baths0
Total Rooms4

Size & Structure

Living Area0 sqft
Stories33
Garage Spaces2
Year Built1960
Lot SizeCOMMON

Location

CountyCook
TownshipNorth Chicago
Zip Code60610

Financial

List Price$229,999
Original Price$235,000
Annual Taxes (2022)$3,877
Monthly Tax Est.$323
Parcel #17031010291093
Interior Features

Flooring

Laminate

Heating

Radiant

Cooling

Wall Unit(s)

Basement

None
Exterior & Lot

Construction

Steel SidingBrickGlass

Roof

Rubber
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Electric

Circuit Breakers

Parking

Heated GarageOn SiteLeasedAttachedGarage
HOA & Community
HOA Fee
$876
Monthly

HOA Includes

HeatAir ConditioningWaterInsuranceSecurityDoormanTV/CableExercise FacilitiesInternet

Association Amenities

Bike Room/Bike TrailsDoor PersonCoin LaundryElevator(s)Exercise RoomStorageOn Site Manager/EngineerSundeckReceiving RoomService Elevator(s)Business CenterCeiling FanPatioSecurity LightingTrail(s)
Tax & Financial
Annual Taxes
$3,877
Tax Year 2022
Monthly Tax Est.
$323
per month
Price Reduced by $5,001
Original list price: $235,000
Property Location

1550 Lake Shore Drive, Chicago, IL 60610 — Cook County

$229,999
1550 Lake Shore Drive
1 bd1 ba0 sqft
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
41 days on market
2-car garage
COMMON
$3,877/yr taxes
$876 HOA (monthly)
Price reduced $5,001
$2,408
estimated monthly payment
Principal & Interest
$1,209/mo
Property Tax
$323/mo
HOA
$876/mo
$229,999
20% — $46,000
3%50%
6.875%
3%12%
Loan Amount
$183,999
Down Payment
$46,000

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

Listed by
Coldwell Banker Realty
Agent: Celeste Huenergard
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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