Waterfront
Address
505 N Lake Shore Drive # 7000 Chicago, IL
Price
$ 4,700,000
Property Attributes
  • MLS#10954752
  • TypeCondos
  • CountyCOOK
  • CityChicago
  • AreaCHI - Near North Side
  • NeighborhoodLake Point Tower
  • Zip60611
  • StyleCondo,Penthouse
  • Year Built1968
  • Taxes4902
  • Price$ 4,700,000
  • Bedrooms4
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage4700
Listing Provided Courtesy Of:
Herve F. Barbera
Property Description

Located on the 70th floor of Lake Point Tower, it is the most sought-after rooftop location in downtown Chicago. With spectacular 360-degree panoramic views of the Chicago's Skyline, Lake Michigan, The Chicago Harbor and Millennium Park.Bring your architect and imagination and make this one of a kind property (zoned for commercial and / or residential usage) to create... * A Grand Residential Penthouse * Executive Offices * Art Gallery / Photographer Studio * Private Museum * Medical Offices This extremely unique space also overlooks Navy Pier and provides a bird's eye view of the Chicago Summer Fireworks Display (May-September) and the Chicago Air and Water Show. The property is the "Crown Jewel" of Lake Point Tower Condominium, with Epic Views from the Chicago Landmark, Designed and built as private club for the residents of the Lake Point Tower, the space was initially intended to support an intimate lounge trade. The Space has been the home of Cite restaurant for decades, a coveted "bucket list" restaurant destination in Chicago. Cite was voted one of Chicago's 10 Best Romantic Places to dine by USA Today and voted - "Best Views in Chicago" - by OpenTable Diners 2019. The current interior (as a restaurant) is timeless. World-class interior designer Norman De Hann fashioned the restaurant using classic glamour interiors with high-end finishes of actual gold leaf throughout the restaurant, rare tiger wood at the bar and full slab marble in the foyer areas augmenting the rich, romantic ambiance and unmatched spectacular views. Lake Point Tower by itself is an architectural masterpiece and is coupled with amazing 360-degree panoramic views... Every seat at Cite Restaurant has a breathtaking view. This has been recognized by the media with a plethora of accolades on numerous occasions throughout the years. 505 North Lake Drive is located next to Navy Pier, prime Chicago location and is the Midwest's most popular leisure destination. In 2016, Navy Pier completed Phase 1 of an impressive re-imagination and redevelopment of this historical landmark in honor of its 100th anniversary. Dubbed the "Centennial Vision", this exciting project enhanced and improved public spaces, expanded year-round programming, and added more exciting entertainment and local restaurant options. Asking price includes 2,400 SF of commercial space that can be used as home office, wine storage, dry storage or just rent out for additional income. The available space and assorted storage are located on the 2nd floor of Lake Point Tower.

Price History
12/16/2020 Listed $4,700,000

General Features

Accessibility Wheelchair Accessible
Elementary School District 299
Exterior Features Outdoor Grill
HOA Fee 2000
HOA Fee Frequency Monthly
Heating Baseboard
High School District 299
Interior Features Bar-Wet
Middle/Junior School District 299
New Construction No
Property Type Residential
Property Type Attached Single
Roof Other
Sewer Other
Standard Status Active
Subdivision Name Lake Point Tower

Interior Features

Basement None
Basement None
Bedroomspossible 4
Full Baths 5
Total Baths 5
Total Bedrooms 4

Exterior Features

Exterior Frame, Other
Garage Onsite Yes
Garage Type Attached
Lot Dimensions COMMON
Water Source Lake Michigan

Room Details

Room Dimensions Level Flooring Details
Dining Room 10X10 Main Level
Family Room 10X10 Main Level
Living Room 10X10 Main Level
Master Bedroom 10X10 Main Level
Storage 10X10 2nd Level

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 60611

Price
AVG $900K
$4.7M
Taxes
AVG $13,918
$4,902
Visits
AVG 97
52
Year Built
AVG 1979
1968
Walkscore
AVG 96
83
Data Provided by Walkscore ® not using MLS data

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