Landlord's Agent in 2025
Kurt Merrill
Baird Warner
(312) 371-4649
8 in this area
36 Total Sales
Lake Point Tower 505 N Lake Shore Dr Unit 5701 Chicago, IL 60611
Streeterville Neighborhood
1
Bed
1
Bath
1,153
Sq Ft
$417
Price per Sq Ft
Highlights
- Doorman
- Waterfront
- Granite Countertops
- Granite Flooring
- Open Floorplan
- 2-minute walk to Addams (Jane) Memorial Park
About This Home
As of April 2025This luxurious fully furnished one-bedroom condo offers stunning city and lake views, featuring an open-concept living space with floor-to-ceiling, wall-to-wall windows, elegant furnishings, and a gourmet style kitchen. Residents enjoy five-star amenities, their very own private 2.5 acre park complete with a grotto and grilling area including indoor and outdoor pools, a state-of-the-art fitness center, a racquetball court, a business center, and a vibrant community center. With secure bike storage and premier access to city life, this condo delivers the perfect blend of comfort, convenience, and sophistication.
Last Agent to Rent the Property
Baird & Warner License #475167403 Listed on: 03/06/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,595
Year Built
- Built in 1968
Lot Details
Parking
- 1 Car Garage
Home Design
- Property Attached
- Steel Siding
Interior Spaces
- 1,153 Sq Ft Home
- Open Floorplan
- Living Room
- Family or Dining Combination
- Storage
- Laundry Room
- Home Gym
- Granite Countertops
Flooring
- Wood
- Granite
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Potential Bedroom
- 1 Full Bathroom
Utilities
- Heating Available
- Lake Michigan Water
- Septic Tank
Listing and Financial Details
- Property Available on 3/4/25
- Rent includes cable TV, water, pool, scavenger, security, doorman, exterior maintenance, lawn care, internet, wi-fi
- 12 Month Lease Term
Community Details
Amenities
- Doorman
Pet Policy
- No Pets Allowed
Overview
- 70-Story Property
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 21, 2019
Closed on
Jan 31, 2020
Sold by
Palavicini Maria De Lourdes Alvarez
Bought by
Mlap Investments Llc
Seller's Agent
Denise Salazar
Coldwell Banker Realty
Buyer's Agent
Denise Salazar
Coldwell Banker Realty
Sold Price
$3,000
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
$477,567
Purchase Details
Closed on
Sep 2, 2016
Sold by
Lukan Patrick and Lukan Laura
Bought by
Palavicini Marria De Lourdes Alvarez
Purchase Details
Closed on
Dec 2, 2011
Sold by
Deutsche Bank National Trust Company
Bought by
Lukan Patrick and Lukan Laura
Purchase Details
Closed on
Jul 15, 2011
Sold by
Mosello Helen
Bought by
Deutsche Bank National Trust Company
Purchase Details
Closed on
Nov 21, 2005
Sold by
Speziale Lehman George Robert and Speziale Lehman Maria
Bought by
Mosello Helen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,000
Interest Rate
3.87%
Purchase Details
Closed on
Nov 17, 2000
Sold by
Lehman George Robert and Speziale Maria Francesca
Bought by
Speziale Lehman George Robert and Speziale Lehman Maria
Purchase Details
Closed on
Oct 19, 1999
Sold by
Lin Cheng H and Lin Mei H
Bought by
Lehman George R and Speziale Maria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
7.91%
Purchase Details
Closed on
Apr 16, 1998
Sold by
Vahdani Abbas
Bought by
Li Jun Wen and Wang Hui Yun
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 |
|---|---|---|---|
| Mlap Investments Llc | -- | Greater Illinois Title | |
| Palavicini Marria De Lourdes Alvarez | $360,000 | Chicago Title | |
| Lukan Patrick | $297,000 | None Available | |
| Deutsche Bank National Trust Company | -- | None Available | |
| Mosello Helen | $382,000 | Ticor Title | |
| Speziale Lehman George Robert | -- | -- | |
| Lehman George R | $260,000 | -- | |
| Li Jun Wen | $40,000 | -- | |
| Vahdani Abbas | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Mosello Helen | $382,000 | |
| Previous Owner | Lehman Maria S | $300,000 | |
| Previous Owner | Lehman George Robert | $270,000 | |
| Previous Owner | Speziale Maria F | $225,000 | |
| Previous Owner | Lehman George R | $225,000 | |
| Previous Owner | Li Jun Wen | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/16/2025 04/16/25 | Rented | $3,500 | +2.9% | -- |
| 04/04/2025 04/04/25 | Under Contract | -- | -- | -- |
| 03/06/2025 03/06/25 | For Rent | $3,400 | +3.0% | -- |
| 06/05/2023 06/05/23 | Rented | $3,300 | 0.0% | -- |
| 05/20/2023 05/20/23 | Under Contract | -- | -- | -- |
| 02/27/2023 02/27/23 | For Rent | $3,300 | +10.0% | -- |
| 07/08/2021 07/08/21 | Rented | -- | -- | -- |
| 06/16/2021 06/16/21 | For Rent | $3,000 | 0.0% | -- |
| 12/09/2019 12/09/19 | Rented | $3,000 | 0.0% | -- |
| 08/21/2019 08/21/19 | For Rent | $3,000 | 0.0% | -- |
| 10/01/2018 10/01/18 | Rented | $3,000 | 0.0% | -- |
| 08/17/2018 08/17/18 | For Rent | $3,000 | -- | -- |
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 | $7,595 | $41,689 | $2,396 | $39,293 |
| 2023 | $7,404 | $36,000 | $1,934 | $34,066 |
| 2022 | $7,404 | $36,000 | $1,934 | $34,066 |
| 2021 | $7,239 | $35,999 | $1,934 | $34,065 |
| 2020 | $7,799 | $35,007 | $1,490 | $33,517 |
| 2019 | $7,636 | $38,007 | $1,490 | $36,517 |
| 2018 | $7,508 | $38,007 | $1,490 | $36,517 |
| 2017 | $7,299 | $33,905 | $1,269 | $32,636 |
| 2016 | $6,291 | $33,905 | $1,269 | $32,636 |
| 2015 | $5,732 | $33,905 | $1,269 | $32,636 |
| 2014 | $5,819 | $33,934 | $993 | $32,941 |
| 2013 | $5,694 | $33,934 | $993 | $32,941 |
Source: Public Records
Agents Affiliated with this Home
-
Kurt Merrill
-
Pat Cohen
Landlord's Co-Listing Agent in 2025
Pat Cohen
Baird Warner
(312) 415-8000
59 in this area
66 Total Sales
-
Denise Salazar
Tenant's Agent in 2025
Denise Salazar
Coldwell Banker Realty
(312) 509-1667
39 in this area
50 Total Sales
-
Rebecca Singh
Buyer's Agent in 2023
Rebecca Singh
HomeSmart Realty Group
(630) 205-0935
33 Total Sales
-
Raquel Salazar
R
Buyer's Agent in 2021
Raquel Salazar
Coldwell Banker Realty
(760) 851-3309
3 in this area
4 Total Sales
About Lake Point Tower
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12302896
APN: 17-10-214-016-1126
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