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Listing provided courtesy of @properties Christie's International Real EstateMREDas Distributed by MLSGrid- MLS# 12647922MLS Provider

505 N Lake Shore Drive #516Chicago, IL 60611

Condo/Townhouse · 1 Bed · 1 Full Bath · 1,100 Sq. ft.
$475,000 Active

505 N Lake Shore Drive #516 Overview

Time on Site:
47 days
Visits:
0

Perfect opportunity to own a beautifully appointed 1,100 SF corner condo with a rarely available curved layout and sweeping panoramic views of the city, park, and Lake Michigan. Walls of windows flood the home with natural light, highlighting the open, spacious design. This unit features hardwood floors throughout the living area, dining room, and bedroom, along with ample closet space equipped with custom organizers. The kitchen includes granite countertops and stainlesssteel appliances, plus a newer refrigerator, washer, dryer, and all recently replaced heating and cooling units. Live in comfort and style within this highend, fullamenity building offering indoor and outdoor pools, a stateoftheart fitness center, spa, an expansive enclosed park on the third floor, convenience store, and more. A truly exceptional value for an exceptional home.

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505 N Lake Shore Drive #516 Facts & Features

  • Type Condo/Townhouse
  • Sq. ft. 1,100
  • Price/Sq.ft. $432

Details

General

Association/HOA

  • Association Amenities: Bike Room/Bike Trails, Door Person, Coin Laundry, Commissary, Elevator in Residence, Exercise Room, Storage, Health Club, On Site Manager/Engineer, Park, Party Room, Sundeck, Indoor Pool, Pool, Receiving Room, Restaurant, Sauna, Security Door Lock(s), Service Elevator(s), Steam Room, Valet/Cleaner, Spa/Hot Tub, Business Center, Clubhouse, Laundry, Elevator(s), In Ground Pool, Picnic Area, Trail(s)
  • Association Fee: $900.00
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Water, Insurance, Security, Doorman, TV/Cable, Clubhouse, Exercise Facilities, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet

School Information

  • School District: 299

Building Information

  • New Construction: No
  • Year Built: 1968

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Near North Side
  • Township: North Chicago

Rent/Lease Information

  • Lease Expiration: 2026-08-01

Tax Information

  • Tax Annual Amount: $7,926.30
  • Tax Year: 2024

General Information

  • Ownership: Condo
  • Parcel Number: 17102140161844
  • Pets Allowed: Cats OK, Dogs OK, Number Limit, Size Limit
  • Property Type: Residential
  • Special Listing Conditions: None

Interior

Building Information

  • Approx. Total Finished SqFt.: 0
  • Disability Access: No
  • Total SqFt.: 0

Parking Information

  • Garage Spaces: 1

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total: 1
  • Bedrooms Total: 1
  • Bedrooms Possible: 1

General Information

  • Basement: None
  • Cooling: Wall Unit(s)
  • Flooring: Hardwood
  • Heating: Electric
  • Interior Features: Storage, Open Floorplan
  • Laundry Features: Washer Hookup,In Unit
  • Living Area: 1100
  • Living Area Source: Plans
  • Rooms Total: 4
  • Stories Total: 70
  • Window Features: Window Treatments

Unit Information

  • Unit Number: 516

Exterior

Parking Information

  • Parking Features: Heated Garage, Yes, Attached, Garage
  • Parking Total: 1

Lot Information

  • Lot Size Dimensions: COMMON
  • Water Source: Public

Waterfront/View

  • Waterfront: Yes

Building Exterior/Construction

  • Construction Materials: Steel Siding, Brick
  • Roof: Tar/Gravel

General Information

  • Sewer: Public Sewer

Room Information

Room: Dining Room

  • Level: Main
  • Dimensions: 12X11

Room: Kitchen

  • Level: Main
  • Dimensions: 10X10

Room: Living Room

  • Level: Main
  • Dimensions: 26X19

Room: Master Bedroom

  • Level: Main
  • Dimensions: 12X21

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

Room: Bedroom 2

  • Level: N/A

Room: Bedroom 3

  • Level: N/A

Room: Bedroom 4

  • Level: N/A

Room: Family Room

  • Level: N/A

Room: Laundry

  • Level: N/A

505 N Lake Shore Drive #516 Neighborhood

Community

60611 (CHICAGO) Demographics

38
Median Age
24,146
Population Density (per sq. mile)
89%
College Educated
$108,413
Estimated Median Income
9,873
Estimated Total Home Owners
11,841
Estimated Total Renters
45% / 55%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

505 N Lake Shore Drive #516 Monthly Cost

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Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

505 N Lake Shore Drive #516 Market Data

Based on the last 30 days in this zip code

$1,087,682
Average List Price
$635
Average Price per Square Foot
107
Properties Sold
90
Average Days on Market
560
Properties for Sale
Calculations provided by Reliance Network

505 N Lake Shore Drive #516 History

Date Event Value Agent
5/19/2026Source: MRED Status Change
Active
5/14/2026Source: MRED Added to Database
May 14, 2026
7/15/2024Source: MRED Price Increase
$2,800 918.2%
9/20/2022Source: MRED Status Change
Closed
8/10/2022Source: MRED Status Change
Contingent
7/4/2022Source: MRED Status Change
Active
6/29/2022Source: MRED Added to Database
June 29, 2022