Price Reduction - Waterfront - Primary on Main
Address
1550 N Lake Shore Drive # 15D, Chicago, IL
Price
$ 229,999
Property Attributes
  • MLS#11981866
  • TypeContingent
  • CountyCOOK
  • CityChicago
  • AreaCHI - Near North Side
  • NeighborhoodGold Coast
  • Zip60610
  • StyleCondo
  • Year Built1960
  • Taxes$ 3877
  • Price$ 229,999
  • Bedrooms1
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage800
Data Source:
Midwest Real Estate Data (MRED)
Property Description

(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.

Price History
2/21/2024 Listed $235,000
4/19/2024 3% - $229,999

General Features

Interior Features Elevator,Wood Laminate Floors,Storage,Ceilings - 9 Foot,Doorman,Drapes/Blinds,Health Facilities,Lobby
Sewer Public Sewer
Heating Radiant
Cooling Window/Wall Units - 2
Possession Closing
Roof Rubber
HOA 876
Garage Spaces 2
Association Fee Includes Heat,Air Conditioning,Water,Insurance,Security,Doorman,TV/Cable,Exercise Facilities,Internet
Pets Allowed Cats OK,Dogs OK,Number Limit,Size Limit
Year Built 1960
Electric Circuit Breakers
Township North Chicago
Unit Number 15D
Tax Year 2022
Percent Ownership Condo
Assoc Fee Paid Per Monthly
County Cook
New Construction No
Property Type Residential
Association Amenities Bike Room/Bike Trails,Door Person,Coin Laundry,Elevator(s),Exercise Room,Storage,On Site Manager/Engineer,Sundeck,Receiving Room,Service Elevator(s),Business Center,Ceiling Fan,Patio,Security Lightin
Contingency Other Contingency
Total Rooms 4
Status Contingent
Directions Inner Lake Shore Drive - corner of North Ave & Lake Shore Drive
City Chicago
High School District 299
MLS Area CHI - Near North Side
Waterfront Y/N Yes
Street Name Lake Shore
Tax Annual Amount 3877.06
Days on Market 73
Standard Status Active Under Contract
Middle/Junior School District 299
Elementary School District 299
Property Type Attached Single
Sub Type Condo

Interior Features

Basement None
Total Stories 33
Full Baths 1
Street Suffix Drive
Total Bedrooms 1
Room Type No additional rooms
LivingAreaSource Estimated
Total Baths 1
Bedrooms Possible 1
Basement None
Total Number of Units 193

Exterior Features

Water Source Lake Michigan
Total Parking 2
Lot Dimensions COMMON
Garage Onsite Yes
Garage Type Attached
Garage Ownership Fee/Leased
Exterior Steel Siding,Brick,Glass

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 60610

Price
AVG $630K
$230K
Taxes
AVG $11,006
$3,877
Visits
AVG 150
293
Data Provided by Inside Real Estate®
Year Built
AVG 1969
1960

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