Price Reduction - Views
Address
179 E LAKE SHORE Drive # 501 Chicago, IL
Price
$ 700,000
Property Attributes
  • MLS#10747643
  • TypeCondos
  • CountyCOOK
  • CityChicago
  • AreaCHI - Near North Side
  • NeighborhoodDrake Tower
  • Zip60611
  • StyleHigh Rise (7+ Stories),Vintage
  • Year Built1928
  • Taxes20516
  • Price$ 700,000
  • Bedrooms2
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1770
Listing Provided Courtesy Of:
Berkshire Hathaway HomeServices Chicago
Property Description

PRICE REDUCED! North and east facing two-bedroom and two-bath Drake Tower apartment has been meticulously renovated. Eleven large windows generate substantial light and provide treetop views overlooking Oak Street Beach and Lake Michigan. The apartment has been flawlessly restored from top to bottom in the classic elegance of Benjamin Marshall's original design. The recent restoration included replacement of all windows with premium, impact windows by Canadian manufacturer Loewen. The wiring is all new throughout the space. Central air conditioning and new ductwork was added including a central steam humidification system. The original millwork was stripped and repainted, original hardware was restored and new quarter-sawn oak hardwood floors were installed. A new classic white cabinet kitchen with soapstone counters, Miele and Sub-Zero appliances was included in the renovation. A RARE BONUS NOT FOUND IN OTHER APARTMENTS IN THIS TIER IS ADDITIONAL SQUARE FOOTAGE WHICH HAS BEEN INCORPORATED FROM A FORMER STORAGE ROOM INTO A BUTLER'S PANTRY ADJOINING THE KITCHEN. It features a wine refrigerator and extensive storage. Both bathrooms were also renovated with high-end materials in a classic aesthetic. Building amenities include restored lobby, uniformed door, elevator and maintenance staff, large gym, terrace, wine storage, attached parking ($100 per month for up to two vehicles) and on-site manager and engineer.

Price History
6/15/2020 Listed $875,000
8/19/2020 6% - $825,000
11/10/2020 16% - $700,000

General Features

Appliances Range, Microwave, Dishwasher, High End Refrigerator, Disposal, Stainless Steel Appliance(s), Wine Refrigerator
HOA Fee 4265
HOA Fee Frequency Monthly
Heating Steam
Interior Features Hardwood Floors, Storage
New Construction No
Property Type Residential
Property Type Attached Single
Sewer Public Sewer
Standard Status Active
Subdivision Name Drake Tower

Interior Features

Basement None
Basement None
Bedroomspossible 2
Full Baths 2
Kitchen Galley, Pantry-Butler
Total Baths 2
Total Bedrooms 2

Exterior Features

Exterior Brick, Stone
Garage Onsite Yes
Garage Ownership Fee/Leased
Garage Type Attached
Lot Dimensions COMMON
Water Source Public

Room Details

Room Dimensions Level Flooring Details
Dining Room COMBO Main Level Hardwood
Family Room Not Applicable
Foyer 16X7 Main Level Hardwood
Living Room 33X16 Main Level Hardwood
Master Bedroom 20X15 Main Level Hardwood
Pantry 15X6 Main Level Hardwood

Amenities

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

Property vs Zip Code Average in 60611

Price
AVG $900K
$700K
Taxes
AVG $14,018
$20,516
Visits
AVG 76
82
Year Built
AVG 1980
1928
Walkscore
AVG 96
97
Data Provided by Walkscore ® not using MLS data

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