1550 N Lake Shore Unit 2C

Chicago, IL 60610

Bring all offers! Rarely available and conveniently located Gold Coast condo. Elevator or walk up the stairs to this spacious and bright second floor home. Unit Features: hardwood floors, stainless steel appliances, granite countertops, ample closet space, and updated bath. Building features: common laundry room, community library, an exercise room, service elevator, and street level stamped concrete patio. Monthly assessment: $587.61 (includes RCN Cable TV & Internet, heat, water, trash removal, snow removal, common area maintenance, and door staff/management). Additional monthly reserve assessment: $310.19 (voted on annually by the Board and will continue for all of 2023). Total monthly assessment: $897.80. Valet parking offered in the attached heated parking garage for $245/monthly. Bike room fee: $50/yr. per bike. Conventional financing and Cash ONLY - FHA and VA financing is not permitted in the building. 79% owner occupied. Investor friendly - no rental cap! No short-term rentals allowed (i.e. no Airbnb). Minimum 1 year leasing agreement required. Current reserves: $1.6 million (as of November 2022). No upcoming special assessments. Maximum 2 pets allowed per unit. 50-lb. weight maximum when fully grown. No Pitbulls, Rottweilers, Dobermans, Chow Chows, Akitas, or cross breeds of any of the aforementioned dog breeds are permitted. Board interview required. Board has "Right of First Refusal" with a 30-day Board approval. Non-refundable move-in/move-out fees: $350. Monday-Friday moves ONLY. $3.5 million was spent for the remodeled lobby and exterior facade work (2017).