1 year on rocket

1500 N Lake Shore Dr Penthouse, Penthouse, Chicago, IL, 60610

$8,500,000

6 Bedrooms
6 Full Baths, 1 Partial
8,000 SqFt
$1,063/SqFt
Condo
Schools Nearby

Location

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Property Highlights

Home TypeCondominium
Attached Garage2 spaces
Year Built1927
HeatingNatural Gas, Electric, Steam, Radiant
CoolingOther, Zoned
FireplaceWood Burning, Gas Starter, Masonry
MLS #11706848
StatusActive

About 1500 N Lake Shore Dr Penthouse

Rich in scale, history and presentation, this prewar duplex penthouse in the Gold Coast is in a real estate echelon all its own. Perched atop the luxe co-op residences at 1500 N. Lake Shore Dr., encompassing the entire 24th and 25th floors overlooking Lake Michigan, this spectacular residence boasts 8,000 sq ft of interior living space and 5,000 sq ft of private outdoor space, including a massive, east-facing terrace with a lawn, manicured gardens, a Roman fountain, and fabulous city and lake views. The building itself is a Chicago institution. Built in 1927 and designed by New York architect Rosario Candela with Chicago firm McNally & Quinn, the building has been home to many prominent Chicago families over the years. The penthouse, however, was built especially for the building's original owner, and has rarely changed hands in the last century. World-class, artisan details like stained glass windows, stone friezes, hand-carved wood doors, and original bronze hardware are found throughout, beginning with a private entry foyer that connects to a 39'-long, walnut-paneled gallery hall with vaulted, hand-frescoed ceilings. The living and entertaining footprint on the main level features a formal dining room, a showpiece living room, a handsome bar/lounge, two offices, a modern chef's kitchen, and three amazing terraces. The living room stuns with 20'-high, coffered ceilings, and a stone fireplace, and affords access to both the yard and the north terrace. The kitchen flaunts custom cabinetry, professional grade appliances, a marble-topped island and counters, and an informal dining area. Four of the home's bedrooms currently live on the main level as well, each with its own unique footprint and architectural details. There's also a spacious, lake-facing room with its own private patio with lounge and fire pit, two generous closets, and a custom, marble-clad en-suite bath that could serve as a stunning primary suite or an epic family room. The home's original limestone staircases have been beautifully preserved, and lead to the second level via three access points. Here, a sixth en-suite bedroom, a sauna room, and more flexible space reside. Plus, there's a partial third floor with a game room/bar and additional storage spaces. White-glove building amenities include a full-time door staff, an on-site manager, and a live-in engineer. This property includes valet parking and pets are welcome. With pedigree and proximity to Lincoln Park, the lakefront, and the best of Chicago's first-class dining and shopping, the penthouse at 1500 N. Lake Shore Dr. is uncompromising, luxury living at its finest.

Property Details

Property Features

Property Information:

  • Year Built: 1927
  • Stories: 24
  • Living Area: 8,000 SqFt

Listing Office:

  • Office Name: Jameson Sotheby's Intl Realty
  • Office Phone: (312) 751-0300
  • Listing Agent: Timothy Salm

Interior Features

Interior Information:

  • Appliances: Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer, Cooktop, Oven
  • Basement: No
  • Interior: Vaulted/Cathedral Ceilings, Bar-Dry, Bar-Wet, Elevator, Hardwood Floors, In-Law Arrangement, First Floor Laundry, Storage, Built-in Features, Walk-In Closet(s), Bookcases, Ceiling - 10 Foot, Coffered Ceiling(s), Historic/Period Mlwk, Beamed Ceilings, Special Millwork, Hallways - 42 Inch, Doorman, Lobby, Separate Dining Room
  • Fireplace: Wood Burning, Gas Starter, Masonry

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 6
  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes

Virtual/3D Tour

  • Virtual Tour: 1500 N Lake Shore Dr Penthouse

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Utilities

Utilities Information:

  • Heating: Natural Gas, Electric, Steam, Radiant
  • Cooling: Other, Zoned

School Info

Assigned Schools Information:

  • Lincoln Park High School, Public District Grades 9-12
  • Ogden Elementary School, Public District Grades KG-8

Other

Directions Information:

  • Directions: The North East Corner of Lake Shore Drive and Burton Place.

Price Information

Listing Price Info

Price Summary:

  • List Price: $8,500,000
  • Price Per SqFt: $1,063/SqFt

HOA Fees:

  • Amount: $10623
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Chicago, IL.

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Chicago, IL

City

Med. Sold Price

$346.4K

Med. Price/SqFt

$246

Avg. Days On Market

40

# of Sold Homes

1846

1500 N Lake Shore Dr Penthouse vs Chicago

461 DAYS ON ROCKET

+421 Days

$8,500,000

+$8.1M More

$1,063/SqFt

+$816 More

KEY TAKEAWAY

This property is $8.1M more than the Median Sold Price and $816/SqFt more than other homes in Chicago, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #11706848

Listing Office:

  • Office Name: Jameson Sotheby's Intl Realty
  • Office Phone: (312) 751-0300
  • Listing Agent: Timothy Salm

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Property Sales & Tax

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$53.1K

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3725200
3
/10

  • Ogden Elementary School

  • 24 W Walton St

  • 0.67 miles

  • Public District Grades KG-8

High School

school-card-donut-3725201
7
/10

  • Lincoln Park High School

  • 2001 N Orchard St

  • 1.16 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $211,791. Residents of Chicago, IL typically earn $200k+ each year. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1500 N Lake Shore Dr Penthouse

What is the listing price of this property?

The listing price of 1500 N Lake Shore Dr Penthouse property is $8,500,000.

What type of property is this?

The property 1500 N Lake Shore Dr Penthouse is a condo located in Penthouse, Chicago, Illinois, 60610.

Is this property for sale now?

Active Listing: 1500 N Lake Shore Dr Penthouse is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1500 N Lake Shore Dr Penthouse are:
Ogden Elementary School: GreatSchools Rating 3/10
Lincoln Park High School: GreatSchools Rating 7/10

How many bedrooms and bathrooms does this property have?

The property at 1500 N Lake Shore Dr Penthouse has 6 bedrooms and 6 full and 1 half bathrooms.

What is the square footage of this property?

The property 1500 N Lake Shore Dr Penthouse is 8,000 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1500 N Lake Shore Dr Penthouse is 1927.
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Rocket Homes›Illinois›Cook County›Chicago›60610›1500 N Lake Shore Dr Penthouse

This home is located at 1500 N Lake Shore Dr Penthouse in Penthouse, Chicago, IL and zip code 60610 in the Near North Side neighborhood. This 8,000 square foot home was built in 1927. Features: 6 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since January 25, 2023 and is currently priced at $8,500,000.

Chicago, IL housing market in March 2024 saw over 612 listings sold above listed price, more than 317 sold at listed price and over 916 sold below. The inventory of homes for sale in Chicago, IL between February 2024 and March 2024 increased by 21.5%. While the average time on the market in March 2024 was 40 days, the median list price was $346,470.

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

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