Lake Point Tower 505 N Lake Shore Dr Unit 1617-18 Chicago, IL 60611
Streeterville NeighborhoodEstimated payment $7,238/month
Total Views
4,206
3
Beds
2
Baths
1,800
Sq Ft
$514
Price per Sq Ft
Highlights
- Doorman
- Steam Room
- In Ground Pool
- Lake Front
- Fitness Center
- 2-minute walk to Addams (Jane) Memorial Park
About This Home
Welcome home to a smartly designed 1800 square foot, 3 Bedroom/2 Bath residence with many new upgrades. Enjoy unobstructed north, west, and east views, with 14 windows that engulf the space with natural sunlight, looking out at Chicago's enchanting city and lake views. New wide plank blond flooring (Summer 2024) runs throughout the home. The expansive living and dining area is a beautiful gathering space. A large open kitchen with an extensive amount of cabinets and white quartz countertops is a cook's dream. Stainless steel appliances and a steel hood over the stove, lots of kitchen lighting, with an extended office/seating/bar area which offers plenty of room to work and entertain. The primary bedroom suite is a comfortable room featuring stunning views down Lake Shore Drive and the lakefront and has 2 large closets, with a separate dressing area next to the bathroom. Beveled tile adorns the bathroom walls which has a full tub and shower. The bedroom next to the primary bedroom has an organized closet and serves well as a nursery or a guest room. This room's view lays the city at your feet. Across the hall is an office with doors that offers privacy and a nice work space complete with desk and file cabinets. The good sized laundry room, complete with a new LG washer/dryer, and ample cabinet space, adds more storage to the condo. The front bedroom features a super large closet and the continuation of the breathtaking city and lake views. Across the hallway, a stylish bathroom mirrors the primary bath's luxury beveled tiles and a new white vanity cabinet and large sink with a quartz countertop and a super large mirror and medicine cabinet. 3 new HVAC units, 2 new water heaters, restored window boxes, New washer and dryer, new stovetop and oven, all done summer 2024. The residence includes two storage units downstairs. Owner also rents a convenient large storage closet in the hallway next to the apartment from the condo association. Iconic Lake Point Tower is within walking distance to Michigan Avenue, The Riverwalk, Lakefront walk/bike paths, Ohio Street Beach, fantastic restaurants, nightlife, parks, playgrounds, and all the amenities that make Chicago's lakefront living exceptional. Full amenity building: 24-hour door staff / 24-hour valet parking, a restaurant, convenience mart, hair salon, package delivery room, dry cleaners, indoor dog run (by dock) and doggy daycare facilities with overnight boarding | upscale private gym, health club with indoor pool, 2 hot tubs, racquetball court, locker rooms with steam room and sauna. Bike room. Business center w/ PCs, printer, & private meeting room. Large community room w/ free ice, piano, TV, and a party room. Management office. Laundry facilities. | The oldest green roof in Chicago is on the 3rd floor- outdoor pool, unique 2.5 acre park with beautifully landscaped grounds, lagoon pond and waterfall, BBQ grill area, and children's playground. | Additional information on the home remodel details available upon request. Please note that owner self parks and rents parking space from another owner in the building.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $10,416
Year Built
- Built in 1968 | Remodeled in 2024
Lot Details
- Dog Run
- Landscaped Professionally
- Additional Parcels
HOA Fees
- $1,339 Monthly HOA Fees
Interior Spaces
- 1,800 Sq Ft Home
- 1-Story Property
- Family Room
- Living Room
- L-Shaped Dining Room
- Home Office
- Laminate Flooring
Kitchen
- Electric Oven
- Electric Cooktop
- Range Hood
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- In Ground Pool
- Outdoor Grill
Location
- Property is near a park
Schools
- Ogden International Elementary School
Utilities
- Heating Available
- Lake Michigan Water
- Multiple Water Heaters
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include water, insurance, security, doorman, tv/cable, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal, internet
- 875 Units
- Jim Stecko Association, Phone Number (312) 645-8808
- High-Rise Condominium
- Property managed by First Service Residential
Amenities
- Doorman
- Valet Parking
- Sundeck
- Restaurant
- Steam Room
- Business Center
- Party Room
- Laundry Facilities
- Elevator
- Service Elevator
- Package Room
- Convenience Store
- Community Storage Space
Recreation
- Community Spa
- Park
- Bike Trail
Pet Policy
- Pets up to 55 lbs
- Limit on the number of pets
- Pet Size Limit
- Pet Deposit Required
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Map
About Lake Point Tower
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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 | $6,263 | $38,688 | $2,223 | $36,465 |
| 2023 | $6,084 | $33,000 | $1,795 | $31,205 |
| 2022 | $6,084 | $33,000 | $1,795 | $31,205 |
| 2021 | $5,966 | $32,999 | $1,794 | $31,205 |
| 2020 | $6,546 | $32,487 | $1,383 | $31,104 |
| 2019 | $6,397 | $35,271 | $1,383 | $33,888 |
| 2018 | $6,289 | $35,271 | $1,383 | $33,888 |
| 2017 | $6,047 | $31,464 | $1,178 | $30,286 |
| 2016 | $5,802 | $31,464 | $1,178 | $30,286 |
| 2015 | $5,285 | $31,464 | $1,178 | $30,286 |
| 2014 | $5,366 | $31,492 | $922 | $30,570 |
| 2013 | $5,249 | $31,492 | $922 | $30,570 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/25/2025 08/25/25 | Price Changed | $925,000 | -3.1% | $514 / Sq Ft |
| 05/14/2025 05/14/25 | For Sale | $955,000 | -- | $531 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $293,000 | Unknown | |
| Closed | $375,000 | Credit Line Revolving |
Source: Public Records
Similar Homes in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12363280
APN: 17-10-214-016-1644
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