Landlord's Agent in 2025
Denise Salazar
Coldwell Banker Realty
(312) 509-1667
37 in this area
50 Total Sales
Lake Point Tower 505 N Lake Shore Dr Unit 508 Chicago, IL 60611
Streeterville Neighborhood
1
Bed
1
Bath
706
Sq Ft
2.74
Acres
Highlights
- Doorman
- Fitness Center
- Community Indoor Pool
- Steam Room
- Waterfront
- 2-minute walk to Addams (Jane) Memorial Park
About This Home
As of March 2025Come home to this amazingly upgraded remodel "Lakefront" 1bedroom 1bath condo that's East facing and is bright & airy with Lake & Navy Pier views from every window. This is a spacious open floor plan with the perfect modern chef's dream kitchen, stainless steel appliances, and a peninsula perfect for bar stool seating. The bedroom is enormous, and has a walk in closet. The bathroom is a luxurious spa-like experience with an oversize shower. Convenient in-unit washer and dryer. Abundance of closets throughout, NEW AC/Heating units, CABLE & INTERNET INCLUDED IN RENT, Walk or bike along Lake Michigan, enjoy Navy pier fireworks, indulge in local restaurants, and shop on Michigan Ave, easy public transportation, Convenient grocery store all with-in steps from your door. This is truly a full amenity building with 24-hr door staff, health club, indoor & outdoor pool, 2.5 acre park with a BBQ area, business center, and much more.
Last Agent to Rent the Property
Coldwell Banker Realty License #471021537 Listed on: 02/20/2025
Condo Details
Home Type
- Condominium
Est. Annual Taxes
- $4,008
Year Built
- Built in 1968 | Remodeled in 2021
Lot Details
Parking
- 1 Car Attached Garage
- Leased Parking
Interior Spaces
- 706 Sq Ft Home
- Family Room
- Combination Dining and Living Room
Kitchen
- Range
- Dishwasher
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Potential Bedroom
- Walk-In Closet
- 1 Full Bathroom
Laundry
- Laundry Room
- Washer and Dryer Hookup
Accessible Home Design
- Accessibility Features
- Level Entry For Accessibility
Utilities
- Heating Available
- Lake Michigan Water
Listing and Financial Details
- Property Available on 2/1/25
- Rent includes cable TV, water, pool, scavenger, doorman, exterior maintenance, lawn care, internet
Community Details
Overview
- 720 Units
- Seth Winnie Association, Phone Number (312) 467-0505
- Lake Point Tower Subdivision
- Property managed by FSR
- 70-Story Property
Amenities
- Doorman
- Valet Parking
- Sundeck
- Restaurant
- Steam Room
- Party Room
- Laundry Facilities
- Elevator
- Service Elevator
- Package Room
- Convenience Store
Recreation
- Park
- Bike Trail
Pet Policy
- Pets up to 55 lbs
- Limit on the number of pets
- Pet Size Limit
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 15, 2013
Closed on
Oct 21, 2013
Sold by
Chicago Title Land Trust Co
Bought by
Dirbaz Mojtaba
Seller's Agent
Ingrid Panico
Valle Realty
Buyer's Agent
Ingrid Panico
Valle Realty
List Price
$269,000
Sold Price
$255,000
Premium/Discount to List
-$14,000
-5.2%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,209
Avg. Annual Appreciation
3.02%
Original Mortgage
$229,500
Outstanding Balance
$174,660
Interest Rate
4.37%
Mortgage Type
New Conventional
Estimated Equity
$188,549
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
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dirbaz Mojtaba | $255,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Dirbaz Mojtaba | $229,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/18/2025 03/18/25 | Rented | $2,300 | 0.0% | -- |
| 03/01/2025 03/01/25 | Under Contract | -- | -- | -- |
| 02/20/2025 02/20/25 | For Rent | $2,300 | +4.5% | -- |
| 02/03/2022 02/03/22 | Rented | -- | -- | -- |
| 01/10/2022 01/10/22 | For Rent | $2,200 | 0.0% | -- |
| 10/25/2013 10/25/13 | Sold | $255,000 | -5.2% | $361 / Sq Ft |
| 09/28/2013 09/28/13 | Pending | -- | -- | -- |
| 09/15/2013 09/15/13 | For Sale | $269,000 | -- | $381 / 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 | $4,008 | $21,835 | $1,255 | $20,580 |
| 2023 | $3,908 | $19,000 | $1,013 | $17,987 |
| 2022 | $3,908 | $19,000 | $1,013 | $17,987 |
| 2021 | $3,820 | $18,998 | $1,012 | $17,986 |
| 2020 | $4,084 | $18,334 | $780 | $17,554 |
| 2019 | $3,999 | $19,905 | $780 | $19,125 |
| 2018 | $3,932 | $19,905 | $780 | $19,125 |
| 2017 | $3,823 | $17,757 | $664 | $17,093 |
| 2016 | $3,557 | $17,757 | $664 | $17,093 |
| 2015 | $3,254 | $17,757 | $664 | $17,093 |
| 2014 | $3,297 | $17,772 | $520 | $17,252 |
| 2013 | $3,232 | $17,772 | $520 | $17,252 |
Source: Public Records
Agents Affiliated with this Home
-
Denise Salazar
-
Shelley Ireland
Tenant's Agent in 2025
Shelley Ireland
Corcoran Urban Real Estate
(773) 758-4043
1 in this area
5 Total Sales
-
Dave Shefren
Buyer's Agent in 2022
Dave Shefren
Axxess Agent LLC
(847) 226-0344
35 Total Sales
-
I
Seller's Agent in 2013
Ingrid Panico
Valle Realty
About Lake Point Tower
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12295201
APN: 17-10-214-016-1852
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