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LaSalle Terrace

LaSalle Terrace

LaSalle Terrace
Condominium Building Complex
1540 N La Salle Dr,
Chicago, IL 60610
The Costar Building Rating

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

140 Units
20 Stories
1974 Year Built
$186K - $467K Value Range

Available Units

For Sale
No Units Available
For Rent

Highlights

  • Doorman
  • Lincoln Park High School Rated A
  • Fitness Center
  • Elevator
  • Bike Room
  • Balcony

Urban living in the heart of Old Town

LaSalle Terrace, a 20-story condominium building completed in 1974, stands as a fixture in Chicago's vibrant Old Town neighborhood. With 140 units, this high-rise offers residents a prime location just steps away from the bustling entertainment district and the serene expanse of Lincoln Park. The building's position provides easy access to both the lively urban atmosphere of Wells Street and the natural beauty of Lake Michigan's shoreline. LaSalle Terrace embodies the essence of city living, balancing the energy of a central location with the comfort of a established residential community.

Diverse layouts with sweeping city views

LaSalle Terrace offers a range of living spaces to suit various needs, from cozy studios to spacious three-bedroom units. Studios, starting at 525 square feet, provide efficient living for singles or those seeking a pied-à-terre. One-bedroom units, spanning 665 to 950 square feet, offer more room and are priced around $230,000. For those requiring additional space, two-bedroom units range from 800 to 1,375 square feet, with prices around $410,000, and feature one to two bathrooms. Many units boast floor-to-ceiling windows, flooding the spaces with natural light and offering panoramic views of the city skyline, Lincoln Park, or Lake Michigan. Recent renovations in some units have introduced modern finishes such as quartz countertops, stainless steel appliances, and updated flooring. Kitchens often feature breakfast bars, perfect for casual dining or entertaining. Spacious balconies extend living areas outdoors, providing a perfect spot to enjoy morning coffee or evening relaxation with city vistas. Storage is ample in most units, with many featuring walk-in closets and additional built-in storage solutions. Some units have been customized with California Closets, maximizing space efficiency. In select two-bedroom units, innovative Murphy bed installations allow for flexible use of the second bedroom as a home office or guest room. The building's corner units are particularly sought after for their expansive views and abundance of natural light from multiple exposures.

Modern conveniences for urban comfort

LaSalle Terrace provides a suite of amenities designed to enhance the urban living experience. The building's fitness center, recently updated with new equipment, allows residents to maintain their workout routines without leaving home. For those who prefer outdoor activities, bicycle storage facilities make it convenient to store and access bikes for rides along the nearby lakefront path. Security is a priority at LaSalle Terrace, with secure entry systems and an evening door person providing peace of mind for residents. The building's elevators have been modernized, ensuring smooth and efficient vertical transportation. Laundry facilities are available on-site, simplifying this essential chore for residents. The building's common areas have received attention, with new carpeting and fresh paint in the hallways creating a welcoming atmosphere. An on-site engineer is available to address maintenance issues promptly, contributing to the well-maintained state of the property. For those with vehicles, the building offers parking options, a valuable asset in a neighborhood where street parking can be challenging.

A blend of historic charm and modern vibrancy

Old Town, where LaSalle Terrace is situated, is a neighborhood that seamlessly blends historic charm with contemporary urban living. The area is renowned for its comedy scene, anchored by the legendary Second City theater, which has launched the careers of numerous comedic talents. Just a short walk away, Wells Street serves as the neighborhood's main artery, lined with an eclectic mix of boutiques, restaurants, and bars that cater to diverse tastes and interests. Culinary enthusiasts will appreciate the variety of dining options in the vicinity. Long-standing establishments like Topo Gigio Ristorante and Orso's offer traditional Italian fare in cozy, atmospheric settings. For a more casual experience, Happy Camper provides a laid-back environment perfect for enjoying pizza and craft beers. The proximity to Lincoln Park is a significant draw for residents of LaSalle Terrace. This vast urban green space, spanning over 1,200 acres, offers a multitude of recreational opportunities. The Lincoln Park Zoo, one of the oldest in North America, provides free admission and is a popular destination for animal lovers. The park also features extensive walking and biking trails, beaches along Lake Michigan, and numerous sports facilities, including baseball diamonds, basketball courts, and tennis courts. Cultural attractions abound in the area, with the Old Town Art Fair in June being a highlight of the neighborhood's event calendar. This annual festival showcases works from artists across the country, accompanied by live music performances spanning genres from jazz to folk. For everyday needs, a Whole Foods Market is conveniently located just south of Old Town, ensuring easy access to quality groceries. The neighborhood's walkability means that most errands and activities are easily accomplished on foot, contributing to the area's vibrant street life and community feel.

Effortless connectivity to the city and beyond

LaSalle Terrace's location offers residents excellent transportation options, making it easy to navigate both the immediate neighborhood and the broader Chicago area. The building's high walk score reflects the pedestrian-friendly nature of Old Town, with many daily errands achievable on foot. For those relying on public transit, several bus stops are within a short walk of the building. The North Avenue & LaSalle stop, less than five minutes away, serves multiple routes including the Armitage, Ashland, LaSalle, and North lines. This provides convenient access to various parts of the city. Similarly, the Clark & North stop, about a five-minute walk, offers connections to additional routes such as Broadway and Clark. Rail commuters benefit from the proximity of two "L" stations. The Sedgwick Station, serving the Brown and Purple Lines, is about a 10-minute walk from LaSalle Terrace. For those needing Red Line access, the Clark/Division Station is also within walking distance, expanding the range of easily accessible destinations throughout Chicago. Cyclists will appreciate the neighborhood's bike-friendly infrastructure, with dedicated lanes and the nearby Lakefront Trail offering safe and scenic routes for both commuting and leisure rides. The building's bicycle storage facilities make it convenient for residents to own and use bikes regularly. For those times when a car is necessary, LaSalle Terrace's location provides relatively quick access to major thoroughfares. Both Chicago Midway International and O'Hare International airports can be reached in about 25 minutes by car, facilitating easy travel for residents. The combination of walkability, robust public transit options, and bicycle-friendly streets means that many residents of LaSalle Terrace find they can comfortably navigate city life without the need for a personal vehicle, though parking options are available for those who do drive.

Available Units

No units matching this criteria are available right now.

Building Details

Recreation

  • Fitness Center
  • Trails
  • Bike Trail

Amenities

  • Doorman
  • Coin Laundry
  • Package Room
  • Bike Room
  • Resident Manager or Management On Site
  • 24 Hour Access

Parking

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

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Condo Association

  • $631 Monthly HOA Fees
  • Monthly HOA Fees Range from $417 - $990
  • Association fees include heat, air conditioning, water, parking, insurance, doorman, tv/cable, exercise facilities, exterior maintenance, scavenger, snow removal, internet
  • Property Manager Association
  • Jonathan Hutul Association, Phone Number (773) 472-2300
  • Property managed by Kane Management Company

Building Design

  • High-Rise Condominium
  • Elevator

Unit Features

  • Laundry Room
  • Balcony

Activity

Views

33

Unit Information By Building

Unit
Beds
1 Bed
Baths
1 Bath
Sq Ft
800
Rent
$2,600
Availability
05/08/2025

Unit Size and Value Ranges

Studio Units
Sq Ft Range
525 - 550
Est. Values
$186,279 - $432,577
1 Bedroom Units
Sq Ft Range
550 - 950
Est. Values
$202,109 - $370,130
2 Bedroom Units
Sq Ft Range
800 - 1,397
Est. Values
$275,504 - $466,924
All Units
Sq Ft Range
525 - 1,397
Est. Values
$186,279 - $466,924

Map

Area Factors

Biker's Paradise

Bike Score®

94 / 100

Walker's Paradise

Walk Score®

99 / 100

Excellent Transit

Transit Score®

85 / 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®

67 / 100

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Air Pollution®

N/A / 10

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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
$12.8K - $26.2K
Range of Taxes in Building
$717 - $5,177
Range of Taxes per Sq Ft
$2.13 - $6.47

Property Tax History

Source: Public Records
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.