Lake Point Tower 505 N Lake Shore Dr Unit 2017 Chicago, IL 60611
Streeterville NeighborhoodEstimated payment $3,147/month
Highlights
- Doorman
- Steam Room
- Private Pool
- Lake Front
- Fitness Center
- 2-minute walk to Addams (Jane) Memorial Park
About This Home
This unit appraised for $479,000 in 2022! Step into luxury with this fully renovated 1-bed, 1-bath unit located at the iconic Lake Point Tower. This unit can be rented. Designed by a Master Carpenter/GC, this unit features high-end finished, open floor plan and exquisite attention to detail. Absolutely the best views in the city, facing Lake Shore Drive and the iconic Playpen just off North Avenue Beach. The chef's kitchen is a masterpiece, boasting Cambria Waterfall Countertops, Stainless Steel Appliances, Chandeliers and custom cabinetry. Wake up to breathtaking panoramic view of Lake Michigan from your bedroom, where a magnificent free-standing soaking tub is perfectly positioned. Enjoy, Maple hardwood flooring, spacious walk-in closet, handpicked tiles and chandeliers throughout. The spa-inspired bathroom is a true retreat, featuring double shower heads, a jacuzzi tub, Italian marble tile throughout imported from Italy, a bidet toilet with remote control, touch-screen LED lighting, and dual sinks. In-unit washer and dryer. Private storage space in building. Enjoy first-row seating to the annual Air & Water Show from your home! This full-amenity building delivers resort-style living featuring an indoor pool with 2 jacuzzi tubs, outdoor pool, sauna, state of the art fitness room, racquetball/basketball/squash court, business center, community room, children's playroom, 2.5 acre private park with playground, BBQ area, pond & waterfall + dog relief area! 24 hour door staff, on-site management/engineer, dry cleaners, laundry room, bike room & storage too. Steps to Navy Pier, Museums, Mag Mile, Movie Theatre, lake/beach, Whole Foods, Target, restaurants & so much more! Easy access to public transportation, lakeshore drive, 290 & 90/94 - commuters paradise. Pet friendly, 2 dogs allowed, combined weight not to exceed 55lbs. Parking options for rent or purchase. Located just steps from Navy Pier and Lake Shore Drive, this is an extraordinary opportunity to embrace the best of city living. Sold As-Is. This unit appraised for $479,000 in 2022! Gain Equity at purchase!
Listing Agent
Berkshire Hathaway HomeServices Chicago License #475196812 Listed on: 08/18/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,064
Year Built
- Built in 1968 | Remodeled in 2020
HOA Fees
- $599 Monthly HOA Fees
Parking
- Circular Driveway
Home Design
- Entry on the 20th floor
Interior Spaces
- 706 Sq Ft Home
- Electric Fireplace
- Family Room
- Living Room with Fireplace
- Combination Dining and Living Room
Kitchen
- Electric Oven
- Range
- Microwave
- Dishwasher
- Wine Refrigerator
- Disposal
Flooring
- Wood
- Marble
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Potential Bedroom
- 1 Full Bathroom
Laundry
- Laundry Room
- Washer and Dryer Hookup
Outdoor Features
- Private Pool
- Lake Privileges
Schools
- Ogden Elementary
- Wells Community Academy Senior H High School
Utilities
- Heating Available
- Lake Michigan Water
Additional Features
- Property is near a bus stop
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
- Seth Winnie Association, Phone Number (312) 467-0505
- High-Rise Condominium
- Lake Point Tower Subdivision
- Property managed by First Service Residential
- Lock-and-Leave Community
- 70-Story Property
Amenities
- Doorman
- Valet Parking
- Picnic Area
- Restaurant
- Steam Room
- Business Center
- Party Room
- Coin Laundry
- Elevator
- Service Elevator
- Package Room
- Community Storage Space
Recreation
- Community Spa
- Park
- Trails
- 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
- Security Service
- Resident Manager or Management On Site
Map
About Lake Point 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 | $5,064 | $27,715 | $1,593 | $26,122 |
| 2023 | $4,936 | $24,000 | $1,286 | $22,714 |
| 2022 | $4,936 | $24,000 | $1,286 | $22,714 |
| 2021 | $4,156 | $23,999 | $1,285 | $22,714 |
| 2020 | $4,493 | $23,272 | $990 | $22,282 |
| 2019 | $5,076 | $25,266 | $990 | $24,276 |
| 2018 | $4,991 | $25,266 | $990 | $24,276 |
| 2017 | $4,852 | $22,540 | $844 | $21,696 |
| 2016 | $4,515 | $22,540 | $844 | $21,696 |
| 2015 | $4,130 | $22,540 | $844 | $21,696 |
| 2014 | $4,186 | $22,559 | $660 | $21,899 |
| 2013 | $4,103 | $22,559 | $660 | $21,899 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/12/2025 09/12/25 | Price Changed | $399,000 | -3.9% | $565 / Sq Ft |
| 08/18/2025 08/18/25 | For Sale | $415,000 | +38.8% | $588 / Sq Ft |
| 10/26/2021 10/26/21 | Sold | $299,000 | -3.5% | $424 / Sq Ft |
| 09/20/2021 09/20/21 | Pending | -- | -- | -- |
| 04/28/2021 04/28/21 | Price Changed | $310,000 | -1.6% | $439 / Sq Ft |
| 03/22/2021 03/22/21 | For Sale | $315,000 | +10.5% | $446 / Sq Ft |
| 04/24/2018 04/24/18 | Sold | $285,000 | 0.0% | $404 / Sq Ft |
| 03/25/2018 03/25/18 | Pending | -- | -- | -- |
| 02/26/2018 02/26/18 | For Sale | $285,000 | -- | $404 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $299,000 | Fort Dearborn Title | |
| Deed | $285,000 | Proper Title Llc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $285,000 | New Conventional | |
| Closed | $278,375 | Commercial | |
| Previous Owner | $228,000 | New Conventional |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12448828
APN: 17-10-214-016-1573
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