1 month on rocket

505 N Lake Shore Dr Unit 1216, Chicago, IL, 60611

$425,000

Home List Price

$5,047*

Closing Credit

1 Bedroom
1 Full Bath
1,100 SqFt
$386/SqFt
Condo
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

505 N Lake Shore Dr Unit 1216, Chicago$425,000

Buyer Closing Credits

$5,047*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeCondominium
Year Built1968
HeatingElectric, Other
WaterfrontPond, Waterfront
MLS #12008263
StatusActive

About 505 N Lake Shore Dr Unit 1216

12th floor unit with breath taking views of Lake Michigan and the city (NE, N, NW, W, & SW views) in Lake Point Tower Residential Highrise is the only building east of the Drive with every amenity possible. 15 floor to ceiling windows offering fantastic views of Lake Michigan and city skyline. Upgraded corner unit. New carpeting in bedroom, living room, and dining room. Marble floors in foyer & bathrooms, Granite Counter tops, too many features to mention. 24/7 security and doorman, 2.5 acre park, indoor center, community room, dry cleaners, 24hr friendly door staff, indoor & outdoor pools, health club, 2 hot tubs, steam and sauna rooms, racquetball/basketball courts, barbeque area, playground, community room, dry cleaners, business center. Brand new appliances- Refrigerator, Dishwasher, Microwave, Stove.

Property Details

Property Features

Property Information:

  • Year Built: 1968
  • Stories: 70
  • Living Area: 1,100 SqFt

Listing Office:

  • Office Name: City Gate Real Estate Inc.
  • Office Phone: (630) 384-9658
  • Listing Agent: Garrett Horkan

Interior Features

Interior Information:

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Disposal
  • Basement: No
  • Interior: Storage

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Waterfront: Pond, Waterfront
  • Exterior: Patio, Hot Tub, Above Ground Pool, In Ground Pool, Outdoor Grill, Fire Pit

Lot Features

Lot Information:

  • Lot: Landscaped, Views

Utilities

Utilities Information:

  • Heating: Electric, Other

School Info

Assigned Schools Information:

  • Wells Community Academy High School, Public District Grades 9-12
  • Ogden Elementary School, Public District Grades KG-8

Other

Directions Information:

  • Directions: Grand Ave (500 N) and N Lake Shore Drive (500 E)

Price Information

Listing Price Info

Price Summary:

  • List Price: $425,000
  • Price Per SqFt: $386/SqFt

HOA Fees:

  • Amount: $940
  • Frequency: Monthly
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Med. Sold Price

$346.4K

Med. Price/SqFt

$246

Avg. Days On Market

40

# of Sold Homes

1846

505 N Lake Shore Dr Unit 1216 vs Chicago

33 DAYS ON ROCKET

-7 Days

$425,000

+$78.5K More

$386/SqFt

+$139 More

KEY TAKEAWAY

This property is $78.5K more than the Median Sold Price and $139/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: #12008263

Listing Office:

  • Office Name: City Gate Real Estate Inc.
  • Office Phone: (630) 384-9658
  • Listing Agent: Garrett Horkan

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

DIGITAL MILLENNIUM COPYRIGHT ACT (DMCA) NOTICE
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 5:15:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,129

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,341

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

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-2448386
3
/10
  • Ogden Elementary School

  • 24 W Walton St

  • 1.06 miles

  • Public District Grades KG-8

High School

school-card-donut-2448387
1
/10
  • Wells Community Academy High School

  • 936 N Ashland Ave

  • 2.92 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $95,946. The majority of Chicago, IL residents have income between $35k-100k annually. Most families are 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 505 N Lake Shore Dr Unit 1216

What is the listing price of this property?

The listing price of 505 N Lake Shore Dr Unit 1216 property is $425,000.

What type of property is this?

The property 505 N Lake Shore Dr Unit 1216 is a condo located in Chicago, Illinois, 60611.

Is this property for sale now?

Active Listing: 505 N Lake Shore Dr Unit 1216 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 505 N Lake Shore Dr Unit 1216 are:
Ogden Elementary School: GreatSchools Rating 3/10
Wells Community Academy High School: GreatSchools Rating 1/10

How many bedrooms and bathrooms does this property have?

The property at 505 N Lake Shore Dr Unit 1216 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 505 N Lake Shore Dr Unit 1216 is 1,100 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 505 N Lake Shore Dr Unit 1216 is 1968.

Rocket Homes›Illinois›Cook County›Chicago›60611›505 N Lake Shore Dr Unit 1216

This home is located at 505 N Lake Shore Dr Unit 1216 in Chicago, IL and zip code 60611 in the Near North Side neighborhood. This 1,100 square foot home was built in 1968. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since March 26, 2024 and is currently priced at $425,000.

In March 2024, from all listings sold in Chicago, IL there were more than 612 sold above asking price, over 916 sold below and more than 317 were sold right at the asked price. The number of listings in Chicago, IL increased by 21.5% between February 2024 and March 2024. The median list price of listings available in March 2024 was $346,470, while the average time on the real estate market was 40 days.

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

More Resources