Drake Tower 179 E Lake Shore Dr Unit 402 Chicago, IL 60611
Gold Coast NeighborhoodEstimated payment $4,760/month
Highlights
- Doorman
- Waterfront
- Elevator
- Fitness Center
- Business Center
- 2-minute walk to Lakefront Park
About This Home
WELCOME TO APARTMENT 402 IN THE ICONIC DRAKE TOWER LOCATED IN CHICAGO'S GOLD COAST NEIGHBORHOOD. Elegantly updated Apartment 402 is located on the fourth floor and is a generously sized 975 square foot one-bedroom co-operative residence. It features picture windows overlooking the park with some lake views from the living room and the bedroom, extensive custom built-in bookcases and cabinets, hardwood flooring throughout as well as SpacePak air conditioning. A butler's pantry extends the galley kitchen, which is furnished with high quality painted wood cabinets, granite counter tops and high-end appliances. The combo W/D unit presently stored in the entry hall closet is not connected. This unit could be installed, at the new owner's expense after the closing, in the closet adjacent to the bathroom after that closet has been plumbed accordingly. This W/D combo unit remains in the unit as part of the sale. An interior common landscaped terrace is located between the Drake Tower and the Drake Hotel. The Hotel can be accessed directly from the building. Parking is available in the building for $200 per month per car. The Drake Tower is known for its five-star staff and service which includes an on-site Property Manager, a live-in engineer, a receiving room attendant, garage attendants, elevator operators and of course the 24-hour door staff. The monthly assessments include the real estate taxes. 179 E. Lake Shore Drive is a pet friendly building.
Listing Agent
Berkshire Hathaway HomeServices Chicago License #475144148 Listed on: 09/02/2025
Property Details
Home Type
- Co-Op
Est. Annual Taxes
- $1,578,527
Year Built
- Built in 1928
Lot Details
- Waterfront
HOA Fees
- $2,656 Monthly HOA Fees
Parking
- 1 Car Garage
Home Design
- Entry on the 4th floor
- Brick Exterior Construction
- Stone Siding
Interior Spaces
- 975 Sq Ft Home
- Entrance Foyer
- Family Room
- Combination Dining and Living Room
- Storage Room
- Laundry Room
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Potential Bedroom
- Walk-In Closet
- 1 Full Bathroom
Utilities
- Zoned Heating and Cooling System
- Radiator
- Heating System Uses Steam
- Lake Michigan Water
Community Details
Overview
- Association fees include heat, water, taxes, insurance, security, doorman, tv/cable, exercise facilities, exterior maintenance, lawn care, scavenger, snow removal, internet
- 58 Units
- Susan Giancarlo Association, Phone Number (312) 944-4041
- High-Rise Condominium
- Property managed by DRAKE TOWER APARTMENTS
- 30-Story Property
Amenities
- Doorman
- Business Center
- Elevator
- Service Elevator
- Package Room
- Community Storage Space
Recreation
Pet Policy
- Limit on the number of pets
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Map
About Drake Tower
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/02/2025 09/02/25 | For Sale | $335,000 | -- | $344 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12460295
APN: 17-03-208-002-0000
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