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540 N Lake Shore Dr

540 N Lake Shore Dr

540 N Lake Shore Dr
Condominium Building
Chicago, IL 60611
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

150 Units
7 Stories
1914 Year Built
$158K - $998K Value Range

Available Units

For Sale
For Rent
No Units Available

Highlights

  • Doorman
  • Fitness Center
  • Elevator
  • Rooftop Deck
  • Waterfront
  • 2 min walk to Bennet park

Historic charm meets modern convenience in Streeterville

540 N Lake Shore Drive stands as a testament to early 20th-century architecture, completed in 1914. This seven-story building houses 150 units and offers a unique blend of historic charm and modern living. Located in the vibrant Streeterville neighborhood, it provides residents with easy access to the best of downtown Chicago. The building's history and location make it a desirable choice for those seeking a balance between urban excitement and residential comfort.

Diverse layouts with stunning lake views

The condominium offers a range of units from cozy studios to spacious three-bedroom layouts. Studio units, ranging from 491 to 772 square feet, typically sell for around $140,000 and feature one bathroom. One-bedroom units vary from 773 to 1,580 square feet, with rents starting at $2,150 per month. These units often include elegant hardwood floors, exposed brick, and timber beams, creating a warm and inviting atmosphere. Two-bedroom units, spanning 1,052 to 2,520 square feet, are priced between $359,640 and $434,604. These units boast features such as high ceilings, large windows, and modern kitchens with stainless steel appliances. The three-bedroom units, approximately 1,600 square feet, offer two bathrooms and provide ample space for families or those needing extra room. Many units offer breathtaking views of Lake Michigan and Ohio Street Beach, enhancing the living experience. Monthly HOA fees range from $400 to $900, covering essentials like heat, air conditioning, water, security, and more.

Exceptional amenities with a focus on community living

Residents of 540 N Lake Shore Drive enjoy a variety of amenities designed to enhance daily life. The building features a private roof deck, offering panoramic views of the lake and city skyline, perfect for relaxation or social gatherings. A well-equipped fitness center caters to health enthusiasts, while the 24-hour door staff ensures security and convenience. Additional amenities include a laundry room, on-site storage, and a bike room. The building is cat-friendly, with dogs allowed upon ESA certification. Business services such as an on-site property manager and concierge add to the convenience of living here.

Vibrant urban living with cultural and recreational highlights

Streeterville is a dynamic neighborhood that offers a blend of cultural attractions and recreational spaces. Residents are within walking distance of iconic landmarks like Navy Pier and the Museum of Contemporary Art. Ohio Street Beach and Lake Shore Park provide outdoor spaces for relaxation and exercise. The area is also home to a variety of dining options, from casual eateries to upscale restaurants. Grocery shopping is convenient with Whole Foods and Target nearby. The neighborhood's vibrant atmosphere is complemented by its proximity to educational institutions and healthcare facilities, making it a well-rounded community.

Convenient access to public transit and major thoroughfares

Transportation options in Streeterville are plentiful, making it easy to navigate the city. The area is highly walkable, with numerous bus stops nearby, including Grand & Peshtigo and Grand & Mcclurg, serving lines like the Chicago and Hyde Park Express. The Grand Avenue Station on the Red Line is about a 15-minute walk, providing access to the wider Chicago area. For those traveling further, Chicago Millennium Station offers connections via the Metra Electric Line and South Shore Line. Major airports, including Chicago O'Hare International and Chicago Midway International, are accessible by car within 30 minutes. The building's location ensures residents can easily reach both local and distant destinations.

Available Condos

No units matching this criteria are available right now.

Building Details

Recreation

  • Fitness Center
  • Bike Trail

Outdoor Features

  • Waterfront
  • Sundeck
  • Community Barbecue Grill
  • Common Area

Amenities

  • Water Views
  • Doorman
  • Rooftop Deck
  • Coin Laundry
  • Package Room
  • Community Storage Space
  • Resident Manager or Management On Site
  • 24 Hour Access

Parking

  • 1 Garage Space Per Unit
  • 1 Car Attached Garage
  • On-Site Parking

Pet Policy

  • Pets up to 65 lbs
  • Cats Allowed

Condo Association

  • $2,436 Monthly HOA Fees
  • Monthly HOA Fees Range from $395 - $2,436
  • Association fees include heat, water, insurance, doorman, tv/cable, exercise facilities, exterior maintenance, scavenger, snow removal
  • Zaul Ocampo Association, Phone Number (312) 644-5400
  • Property managed by Mgmt Services

Building Design

  • Elevator
  • Fire Sprinkler System

Unit Features

  • Laundry Room
  • Washer and Dryer Hookup

Activity

Views

61

Unit Information

Unit
420
Beds
3 Beds
Baths
2.5 Baths
Sq Ft
3,400
Price
$950,000
Price / Sq Ft
$279 / Sq Ft
List Date
06/24/2025

Unit Size and Value Ranges

Studio Units
Sq Ft Range
491 - 713
Est. Values
$157,836 - $671,772
1 Bedroom Units
Sq Ft Range
900 - 1,470
Est. Values
$251,303 - $998,000
2 Bedroom Units
Sq Ft Range
1,052 - 2,520
Est. Values
$285,561 - $998,000
3 Bedroom Units
Sq Ft Range
3,400
Est. Values
$471,952 - $606,268
All Units
Sq Ft Range
491 - 3,400
Est. Values
$157,836 - $998,000

Map

Area Factors

Moderate Crime

Crime Score®

6 / 10

Very Bikeable

Bike Score®

80 / 100

Walker's Paradise

Walk Score®

92 / 100

Excellent Transit

Transit Score®

88 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Busy

Sound Score®

62 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$2 - $58.8K
Range of Taxes in Building
$1,273 - $12,026
Range of Taxes per Sq Ft
$1.14 - $9.01

Property Tax History

Source: Public Records

Similar Condominium Buildings

Building Website

Building Team

Property Management
The Building Group Inc.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.