Lake Point Tower 505 N Lake Shore Dr Unit 5205 Chicago, IL 60611
Streeterville Neighborhood
1
Bed
1
Bath
1,100
Sq Ft
$764/mo
HOA Fee
Highlights
- Doorman
- Fitness Center
- Lock-and-Leave Community
- Water Views
- In Ground Pool
- 2-minute walk to Addams (Jane) Memorial Park
About This Home
As of June 2025Welcome to Unit 5205 at Lake Point Tower - a stunning 1 bed, 1 bath residence spanning an impressive 1100 square feet high above the city. Perched on the 52nd floor of this iconic, amenity-rich building - the only residential tower east of Lake Shore Drive - this unit offers unobstructed, panoramic views of Lake Michigan and Navy Pier. Inside, you'll find a recently updated and thoughtfully designed home. The spacious, open kitchen features Nero Marquina quartz countertops and backsplash, and custom cabinetry. Gorgeous hardwood floors flow throughout the bright and airy living space, where the views are unmatched. The oversized bedroom includes custom closets, and the spa-like bath offers a luxurious walk-in shower. Lake Point Tower offers true resort-style living with unmatched amenities: a 2.5-acre private park, indoor and outdoor pools, lagoon, BBQ area, racquetball/basketball courts, full health club with sauna and steam rooms, library, conference room, dry cleaners, business center, playgrounds, and more - all just steps from the lakefront path, CTA stops, and world-class dining and shopping on Michigan Avenue. Some furniture available for purchase. Welcome home!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,540
Year Built
- Built in 1968 | Remodeled in 2022
HOA Fees
- $764 Monthly HOA Fees
Parking
- 1 Car Garage
- Circular Driveway
Home Design
- Brick Exterior Construction
Interior Spaces
- 1,100 Sq Ft Home
- Bar Fridge
- Family Room
- Living Room
- L-Shaped Dining Room
Kitchen
- Range
- Microwave
- Dishwasher
- Wine Refrigerator
- Disposal
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Potential Bedroom
- 1 Full Bathroom
- No Tub in Bathroom
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- In Ground Pool
- Outdoor Grill
Utilities
- Forced Air Heating System
- Lake Michigan Water
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include water, insurance, security, doorman, clubhouse, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal
- 879 Units
- Seth Winnie Association, Phone Number (312) 467-0505
- Lake Point Tower Subdivision
- Property managed by First Service Residential
- Lock-and-Leave Community
- 70-Story Property
Amenities
- Doorman
- Valet Parking
- Sundeck
- Restaurant
- Party Room
- Elevator
- Service Elevator
- Package Room
- Community Storage Space
Recreation
- Community Spa
- Park
Pet Policy
- Pets up to 55 lbs
- Limit on the number of pets
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 24, 2025
Closed on
Jun 12, 2025
Sold by
Vaidya Dimple and Deluca Dimple
Bought by
Bao Min and Chen Luqiu
Seller's Agent
Shelly Gubser
Compass
Buyer's Agent
Sharon Wang
RE/MAX SAWA
List Price
$495,000
Sold Price
$495,000
Views
18
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.58%
Original Mortgage
$346,500
Outstanding Balance
$345,958
Interest Rate
7.25%
Mortgage Type
New Conventional
Estimated Equity
$140,674
Purchase Details
Closed on
Nov 1, 2020
Sold by
Vaidya Dimple
Bought by
Vaidya Dimple and Deluca Lauren
Purchase Details
Closed on
Dec 11, 2019
Sold by
Vaidya Hemlata P
Bought by
Vaidya Dimple
Purchase Details
Closed on
Feb 12, 2004
Sold by
Hazen Scott Daniel
Bought by
Gofis Andrew K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
5.71%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
Jun 4, 2001
Sold by
Hazen Nancy Jean
Bought by
Hazen Scott Daniel
Similar Homes in Chicago, IL
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $495,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | $285,000 | Atg | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $346,500 | New Conventional | |
| Previous Owner | $350,000 | Credit Line Revolving | |
| Previous Owner | $50,000 | Credit Line Revolving | |
| Previous Owner | $292,000 | Stand Alone First | |
| Previous Owner | $213,750 | Stand Alone First | |
| Closed | $42,750 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/18/2025 06/18/25 | Sold | $495,000 | 0.0% | $450 / Sq Ft |
| 04/28/2025 04/28/25 | Pending | -- | -- | -- |
| 04/24/2025 04/24/25 | For Sale | $495,000 | -- | $450 / 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 | $6,540 | $36,232 | $2,082 | $34,150 |
| 2023 | $6,376 | $31,000 | $1,681 | $29,319 |
| 2022 | $6,376 | $31,000 | $1,681 | $29,319 |
| 2021 | $6,234 | $30,999 | $1,681 | $29,318 |
| 2020 | $6,778 | $30,424 | $1,295 | $29,129 |
| 2019 | $6,636 | $33,031 | $1,295 | $31,736 |
| 2018 | $6,525 | $33,031 | $1,295 | $31,736 |
| 2017 | $6,343 | $29,466 | $1,103 | $28,363 |
| 2016 | $5,902 | $29,466 | $1,103 | $28,363 |
| 2015 | $5,400 | $29,466 | $1,103 | $28,363 |
| 2014 | $5,472 | $29,492 | $863 | $28,629 |
| 2013 | $5,364 | $29,492 | $863 | $28,629 |
Source: Public Records
Agents Affiliated with this Home
-
Shelly Gubser
Seller's Agent in 2025
Shelly Gubser
Compass
(312) 618-4146
1 in this area
89 Total Sales
-
Sharon Wang
Buyer's Agent in 2025
Sharon Wang
RE/MAX SAWA
(847) 840-9848
1 in this area
49 Total Sales
About Lake Point Tower
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12347138
APN: 17-10-214-016-1182
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