• 179 E Lake Shore Drive #502 Chicago, IL 60611

  • $850,000
  • 2
    Bed(s)
  • 2
    Baths
  • 1,852
    Sq Ft
  • Listed By: Jameson Sotheby's Intl Realty
  • Source: Midwest Real Estate Data LLC (MRED)

An opportunity to own one of the few two-bedroom residences on prestigious E Lake Shore Drive, home to Chicago's grand pre-war co-ops. Situated in the coveted Drake Tower, the spacious 1,852 square foot floor plan offers desirable north views of the lake and park from the 33-foot living room and large primary suite. The 2021 renovation transformed the kitchen with modern high-gloss cabinetry, the best appliances including a Bertazzoni gas cooktop and oven, a Bosch dishwasher, a Fisher & Paykel refrigerator, and a wine cooler. The new primary bath was enhanced with marble and modernized with a walk-in shower. Unique to this apartment is a bonus room that could be built-out as an office or a large walk-in closet. This elegant home features classic waxed wood floors, nine and half foot ceilings, an original 1928 marble fireplace, and original hardware designed by the building's architect Benjamin Marshall. The SpacePak air conditioning and new washer/dryer provide modern conveniences. With only 68 residences, shareholders enjoy personal, white glove service from a 24-hour door staff and an elevator operator, an on-site property manager, a live-in engineer and full maintenance staff. Exclusive amenities include a temperature-controlled wine cellar, a state-of-the art exercise room, and a planted terrace. Parking is conveniently located in the attached garage for $200/month, and guest parking is available. Pets are welcome and there is no weight limit for dogs. Contracts are subject to board approval and 50% financing is permitted. The total monthly assessment including property taxes is $4,265.

Property Type :

Residential

Subdivision :

Drake Tower

County :

Cook

Style :

Residential

Property Details

 

Bedroom Information

Total Bedroom: 2

Room Types: Foyer, Other Room

Bathroom Information

Total Baths: 2

Full Baths: 2

Room Information

Rooms Total: 5

Interior Features

Hardwood Floors, First Floor Bedroom, Storage

Laundry Features: In Unit, Laundry Closet, Sink

Heating & Cooling

Heating: Radiator(s)

Cooling: Central Air, Space Pac

Water front: 1

WaterSource: Lake Michigan

Building Information

Year Built: 1928

Lot Information

Lot Dimensions: 1852 SQUARE FEET

Property Information

Property Type: Residential

Sub Type: Attached Single

Type Attached: Vintage

Listing Price Information

Original List Price: $850000

Tax Information

Annual Tax: $21472

Tax Year: 2022

Parcel Number: 17032080020000

Tax Exemption: None

Parking Information

Total Parking: 2

Parking: Garage

Is Parking Included in Price: No

Garage Information

Garage Type: Attached

Garage Space: 2

Garage On-Site: Yes

Garage Ownership: Fee/Leased

Homeowners Association Information

Included Fees: Heat, Water, Taxes, Insurance, Security, Doorman, TV/Cable, Exercise Facilities, Lawn Care, Scavenger, Snow Removal

Included Amenities: Bike Room/Bike Trails, Door Person, Elevator(s), Exercise Room, Storage, On Site Manager/Engineer, Receiving Room, Service Elevator(s), Business Center

HOA : $2,476 Monthly

Utility Information

Sewer: Other

Water Source: Lake Michigan

Location Information

Subdivision: Drake Tower

City: Chicago

Direction: East of Drake Hotel on East Lake Shore Drive, across from Lake Michigan.

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Based on information submitted to the MLS GRID as of 05/20/2024 @ 18:20. All data is obtained from various sources and may not have been verified by the 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.
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ByOwner last updated this listing 05/20/2024 @ 18:20

MLS: MRED #12042207
LISTED BY: Linda Shaughnessy, Jameson Sotheby's Intl Realty
SOURCE: Midwest Real Estate Data LLC (MRED)
Buyer Agency Compensation: 2.5% - $425
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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