2 months on rocket

505 N Lake Shore Dr Unit 6508, Chicago, IL, 60611

$525,000

Home List Price

$6,234*

Closing Credit

1 Bedroom
1 Full Bath
1,100 SqFt
$477/SqFt
Condo
Schools Nearby

Location

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505 N Lake Shore Dr Unit 6508, Chicago$525,000

Buyer Closing Credits

$6,234*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Attached Garage1 space
Year Built1968
HeatingElectric
CoolingZoned
MLS #11973725
StatusActive

About 505 N Lake Shore Dr Unit 6508

Absolutely Breathtaking HIGH-END Custom Gut Rehab of an Oversized 1 Bedroom, 1 Bathroom Condo in the Prestigious Lake Point Tower. The 65th Floor is the Highest Floor in the Building for these Gigantic 1 Bedrooms Sitting at Roughly 1,100 Square Feet. This High Floor South Facing Condo Features Absolutely STUNNING Unobstructed, Panoramic Views of Lake Michigan and the City Skyline - All the way down to Soldier Field and Beyond. This Home Was a Complete Gut Rehab, Completely Opening Up the Floor Plan, with High End Finishes Throughout. The Custom Chef's Kitchen was Opened Up & Expanded with White & Grey Dual Toned Soft Close Cabinetry Including Built-In Pantry Space, An Oversized Island to Gather at with Gorgeous Quartz Countertops featuring a Waterfall Edge, Stainless Steel Appliance Package Including a Wine Fridge & a Marble Tile Backsplash with Undercabinet Lighting. Additional Deep Pantry Storage Adjacent to Kitchen + a Tankless Water Heater Just for the Kitchen. The Bathroom is a Spa-Like Experience with a Custom Floating Vanity with Motion Sensor Floor Lighting & a LED Lighted Mirror, Custom Built Glass Walk-In Shower with Oversized Porcelain Tile, A Custom Make-Up Vanity, Heated Towel Bar & Sleek Motion Sensor Toilet with Heated Seat & Bidet Features. Entire Condo with Wide-Plank Oak Flooring with Espresso Finish. All 8 Oversized Windows with Electric Solar Shades for Optimal Convenience. Entire Home Wired For Speakers & Wall Mounted TV's + Additional High-Tech Wiring Throughout. This Unit has an Abundance of Closets Including Deep Walk-In Closet in Entry + Another Deep Walk-In Bedroom Closet. Laundry Hook-Up Already Installed (Just no Machine). Storage Locker is Included. Prime 1st Floor Heated Parking Spot with Charging Station Available for Additional $80k. Within this Prestigious Building, a World of Amenities Awaits...The 3rd Floor Features a 2.5 Acre Park Equipped with an Outdoor Pool, Playground & a Serene Lagoon with a Waterfall Feature and Outdoor Grills. Inside You'll Find on the 2nd Floor an Oversized Community Room, Business Center + Library, Health Club with both Sauna and Steam Rooms, an Indoor Pool with 2 Hot Tubs & a Racquetball Court that Doubles as a Pickleball Court. The Ground Level Greets You with 24 Hour Doorstaff, On-Site Convenience Store and Newly Added Dog Wash Station. Enjoy Living in THE ONLY Residence East of Lake Shore Drive with the Convenience of Lake Michigan and All it has to Offer Right Outside Your Front Door!

Property Details

Property Features

Property Information:

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

Listing Office:

  • Office Name: Dream Town Real Estate
  • Office Phone: (312) 242-1000
  • Listing Agent: Lauren Shimmon

Interior Features

Interior Information:

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Disposal, Stainless Steel Appliance(s), Wine Cooler, Cooktop, Oven
  • Basement: No
  • Interior: Bar-Dry, Hardwood Floors, Laundry Hook-Up in Unit, Storage

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Exterior: Hot Tub, Roof Deck, Dog Run, In Ground Pool, Outdoor Grill, Door Monitored By TV

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Zoned

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: Lake Shore Dr to Illinois East to Grand Ave Entrance

Price Information

Listing Price Info

Price Summary:

  • List Price: $525,000
  • Price Per SqFt: $477/SqFt

HOA Fees:

  • Amount: $844
  • 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

505 N Lake Shore Dr Unit 6508 vs Chicago

82 DAYS ON ROCKET

+42 Days

$525,000

+$178.5K More

$477/SqFt

+$230 More

KEY TAKEAWAY

This property is $178.5K more than the Median Sold Price and $230/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: #11973725

Listing Office:

  • Office Name: Dream Town Real Estate
  • Office Phone: (312) 242-1000
  • Listing Agent: Lauren Shimmon

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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.

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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, 12:45:20 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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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-1931362
3
/10

  • Ogden Elementary School

  • 24 W Walton St

  • 1.06 miles

  • Public District Grades KG-8

High School

school-card-donut-1931363
1
/10

  • Wells Community Academy High School

  • 936 N Ashland Ave

  • 2.92 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 $95,946. Most Chicago, IL residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 505 N Lake Shore Dr Unit 6508

What is the listing price of this property?

The listing price of 505 N Lake Shore Dr Unit 6508 property is $525,000.

What type of property is this?

The property 505 N Lake Shore Dr Unit 6508 is a condo located in Chicago, Illinois, 60611.

Is this property for sale now?

Active Listing: 505 N Lake Shore Dr Unit 6508 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 6508 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 6508 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 505 N Lake Shore Dr Unit 6508 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 6508 is 1968.

Rocket Homes›Illinois›Cook County›Chicago›60611›505 N Lake Shore Dr Unit 6508

This home is located at 505 N Lake Shore Dr Unit 6508 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 February 05, 2024 and is currently priced at $525,000.

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. Between February 2024 and March 2024, Chicago, IL real estate market has seen increase in the number of listings by 21.5%. In March 2024, listings were on the market for 40 days. During the same period, the median list price in this real estate market was $346,470.

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

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