179 E Lake Shore Drive Unit 502
Chicago, IL 60611
- 2 beds
- 2 baths
- 1,852 sqft
- $394 per sqft
- 1928 build
- – on site
An opportunity to own one of the few two-bedroom residences on prestigious E Lake Shore Drive, home to Chicago's grand pre-war co-ops. Situated in the coveted Drake Tower, the spacious 1,852 square foot floor plan offers desirable north views of the lake and park from the 33-foot living room and large primary suite. The 2021 renovation transformed the kitchen with modern high-gloss cabinetry, the best appliances including a Bertazzoni gas cooktop and oven, a Bosch dishwasher, a Fisher & Paykel refrigerator, and a wine cooler. The new primary bath was enhanced with marble and modernized with a walk-in shower. Unique to this apartment is a bonus room that could be built-out as an office or a large walk-in closet. This elegant home features classic waxed wood floors, nine and half foot ceilings, an original 1928 marble fireplace, and original hardware designed by the building's architect Benjamin Marshall. The SpacePak air conditioning and new washer/dryer provide modern conveniences. With only 68 residences, shareholders enjoy personal, white glove service from a 24-hour door staff and an elevator operator, an on-site property manager, a live-in engineer and full maintenance staff. Exclusive amenities include a temperature-controlled wine cellar, a state-of-the art exercise room, and a planted terrace. Parking is conveniently located in the attached garage for $200/month, and guest parking is available. Pets are welcome and there is no weight limit for dogs. Contracts are subject to board approval and 50% financing is permitted. The total monthly assessment including property taxes is $4,265.
Last checked:
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Last updated Apr 1, 2025
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MLS# 12159401 —
The Building
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Year Built:1928
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Rebuilt:No
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New Construction:false
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Basement:None
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Disability Access:No
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Stories Total:30
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Living Area Source:Plans
Interior
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Room Type:Foyer, Other Room
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Rooms Total:5
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Interior Features:Hardwood Floors, First Floor Bedroom, Storage
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Fireplaces Total:1
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Fireplace Features:Wood Burning, Gas Log
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Fireplace Location:Living Room
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Laundry Features:In Unit, Laundry Closet, Sink
Room Dimensions
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Living Area:1852
Financial & Terms
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Lease Amount:$200
Location
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Directions:East of Drake Hotel on East Lake Shore Drive, across from Lake Michigan.
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Location:11000
The Property
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Parcel Number:17032080020000
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Property Type:Residential
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Lot Size Dimensions:1852 SQUARE FEET
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Waterfront:true
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Additional Parcels:false
Listing Agent
- Contact info:
- Agent phone:
- (312) 981-2081
- Office phone:
- (312) 640-7010
Taxes
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Tax Year:2022
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Tax Annual Amount:21472
Beds
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Bedrooms Total:2
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Bedrooms Possible:2
Baths
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Baths:2
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Full Baths:2
The Listing
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Special Listing Conditions:List Broker Must Accompany
Heating & Cooling
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Heating:Radiator(s)
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Cooling:Central Air, Space Pac
Utilities
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Sewer:Other
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Water Source:Lake Michigan
Schools
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Elementary School District:299
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Middle Or Junior School District:299
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High School District:299
The Community
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Subdivision Name:Drake Tower
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Pets Allowed:Cats OK, Dogs OK, Number Limit
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Association Amenities:Bike Room/Bike Trails, Door Person, Elevator(s), Exercise Room, Storage, On Site Manager/Engineer, Receiving Room, Service Elevator(s), Business Center
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Association Fee:2476
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Association Fee Includes:Heat, Water, Taxes, Insurance, Security, Doorman, TV/Cable, Exercise Facilities, Lawn Care, Scavenger, Snow Removal
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Association Fee Frequency:Monthly
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Master Assoc Fee Frequency:Not Required
Parking
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Parking Total:2
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Garage Type:Attached
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Garage Spaces:2
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Garage Onsite:Yes
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Garage Ownership:Fee/Leased
Monthly cost estimate
Asking price
$730,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,908
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| Taxes | $1,789 |
| Insurance | $200 |
| HOA fees | $2,476 |
| Utilities | $153 See report |
| Total | $8,526/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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1/2/25
Jan 2, 2025
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Price Changed | MRED | $730,000 | -6.4% |
|
9/13/24
Sep 13, 2024
|
Listed / Active | MRED | $780,000 | |
|
4/29/24
Apr 29, 2024
|
Listed / Active | MRED |
