179 E LAKE SHORE Drive #502
Chicago, IL, 60611
$850,000
2 Beds
2 Baths
1,852 SqFt
0 Acres
$850,000
179 E LAKE SHORE Drive #502
Chicago, IL, 60611
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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 with taxes is $4,265.

Property Details

Price:
$850,000
MLS #:
MRD11706407
Status:
Active
Beds:
2
Baths:
2
Address:
179 E LAKE SHORE Drive #502
Type:
Single Family
City:
Chicago
Listed Date:
Jan 24, 2023
State:
IL
Finished Sq Ft:
1,852
ZIP:
60611
Subdivision:
Drake Tower
Lot Size:
Year Built:
1928

Schools

School District:
299

Interior

Cooling
Central Air, Space Pac
Fireplaces Total
1
Heating
Radiator(s)
Laundry Features
In Unit, Laundry Closet, Sink
Bathrooms
2 Full Bathrooms

Exterior

Financial

Buyer Agent Compensation
2.5% – $425Net Sale Price
HOA Fee
$2,476
HOA Frequency
Monthly
HOA Includes
Heat, Water, Taxes, Insurance, Security, Doorman, TV/Cable, Exercise Facilities, Lawn Care, Scavenger, Snow Removal
Tax Year
2021
Taxes
$21,472
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Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.

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179 E LAKE SHORE Drive #502
Chicago, IL