Seller's Agent in 2024
Monique Crossan
Berkshire Hathaway HomeServices Chicago
(312) 933-5363
22 in this area
40 Total Sales
Drake Tower 179 E Lake Shore Dr Unit 15W Chicago, IL 60611
Gold Coast Neighborhood
5
Beds
5
Baths
3,632
Sq Ft
$6,921/mo
HOA Fee
Highlights
- Waterfront
- Attached Garage
- Resident Manager or Management On Site
- Formal Dining Room
- Walk-In Closet
- 2-minute walk to Lakefront Park
About This Home
As of September 2024INTRODUCING APARTMENT 15W IN THE DRAKE TOWER, A RARE OPPORTUNITY TO FASHION THE 3600 SQUARE FOOT APARTMENT TO YOUR VERY OWN SPECIFICATIONS. Drake Tower is a grand residential co-operative building designed by Benjamin H. Marshall on Chicago's premier East Lake Shore Drive. Just steps in the gracious large foyer of Apartment 15W your sight is already drawn to the breathtaking views north of Lake Michigan, its shores and the park seen through the living room and dining room windows. The apartment features a gracious large living room with fireplace and an adjacent separate dining room which is presently configured as a more casual sitting area. The kitchen includes a washer and dryer and a breakfast area. Four generous sized bedrooms with ample closet space, 5 bathrooms, a library off the primary bedroom and an impressive amount of closets in the bedroom wing complete this home. Hardwood floors. SpacePak air conditioning. The Drake Tower is known for its 5-star service with its 24-hour door-staff, the on-site property manager, the live-in engineer, as well as receiving room and indoor garage attendants. One pet with no weight limit is allowed. Also available to the residents is a wine room, an exercise room, an outdoor terrace, direct access to the Drake Hotel and the convenience of a car turntable adjacent the building's front door. Fifty percent financing is permitted with Board approval. The total monthly assessments of $6,921 includes the real estate taxes. The property is to be sold as-is.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices Chicago License #475144148 Listed on: 06/05/2024
Property Details
Home Type
- Co-Op
Est. Annual Taxes
- $1,578,527
Year Built
- Built in 1928
Lot Details
- Waterfront
HOA Fees
- $6,921 Monthly HOA Fees
Home Design
- Brick Exterior Construction
Interior Spaces
- 3,632 Sq Ft Home
- Entrance Foyer
- Living Room with Fireplace
- Formal Dining Room
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Potential Bedrooms
- Walk-In Closet
- 5 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- Attached Garage
- Leased Parking
Utilities
- SpacePak Central Air
- Radiator
- Heating System Uses Steam
- Lake Michigan Water
Community Details
Overview
- Association fees include heat, water, insurance, doorman, tv/cable, exercise facilities, exterior maintenance, lawn care, scavenger, snow removal, internet
- 68 Units
- Susan Giancarlo Association, Phone Number (312) 944-4041
- High-Rise Condominium
- Property managed by DRAKE TOWER CO-OP
- 30-Story Property
Pet Policy
- Limit on the number of pets
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $353,000 | Unknown | |
| Closed | $375,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/20/2024 09/20/24 | Sold | $1,000,000 | -20.0% | $275 / Sq Ft |
| 08/23/2024 08/23/24 | Pending | -- | -- | -- |
| 06/06/2024 06/06/24 | For Sale | $1,250,000 | -- | $344 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,578,527 | $7,270,265 | $975,398 | $6,294,867 |
| 2023 | $1,561,182 | $7,590,261 | $1,300,530 | $6,289,731 |
| 2022 | $1,561,182 | $7,590,261 | $1,300,530 | $6,289,731 |
| 2021 | $1,586,386 | $7,888,902 | $1,300,530 | $6,588,372 |
| 2020 | $1,901,817 | $8,655,671 | $1,300,530 | $7,355,141 |
| 2019 | $1,730,626 | $8,655,671 | $1,300,530 | $7,355,141 |
| 2018 | $1,687,664 | $8,655,671 | $1,300,530 | $7,355,141 |
| 2017 | $1,590,402 | $7,522,286 | $894,113 | $6,628,173 |
| 2016 | $1,490,195 | $7,522,286 | $894,113 | $6,628,173 |
| 2015 | $1,368,265 | $7,522,286 | $894,113 | $6,628,173 |
| 2014 | $1,355,604 | $7,358,797 | $812,830 | $6,545,967 |
| 2013 | $1,338,379 | $7,358,797 | $812,830 | $6,545,967 |
Source: Public Records
Agents Affiliated with this Home
-
Monique Crossan
-
Grigory Pekarsky
Buyer's Agent in 2024
Grigory Pekarsky
Vesta Preferred LLC
(773) 974-8014
60 in this area
1,796 Total Sales
About Drake Tower
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12076302
APN: 17-03-208-002-0000
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