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260 Properties Within 0.5 miles of: 505 N Lake Shore, Chicago
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505 N Lake Shore Unit 7000
Chicago, IL 60611

  • 4 Beds
  • 5 Baths
  • 4,700 Sq. Ft.
  • Built In 1968
Price

$4,195,000

Est Payment
$25,234 / month (details)  
Taxes
$4,902  
Assessments
$2,000  
Beds
4  
Baths
5  
Rooms
8  
Type
Attached Single  
Sq. Ft.
4,700  
Built
1968  
Neighborhood
Streeterville  
MLS
#10954752
Status
Cancelled

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.

Property Map

Property Details

Rooms

Room
Level
Flooring
Size
Living Room
Main
10X10
Dining Room
Main
10X10
Kitchen
Main
10X10
Family Room
Main
10X10
Laundry
Main
10X10
Master Bedroom
Main
10X10
Bedroom 2
Main
10X10
Bedroom 3
Main
10X10
Bedroom 4
Main
10X10
Storage
Second
10X10

Utilities

  • Heating Baseboard
  • Cooling Other
  • Water Lake Michigan
  • Sewer Other

Additional Information

Assessment Includes
Security, Doorman, Exercise Facilities, Pool, Lawn Care, Snow Removal
Common Amenities
Elevator(s), Exercise Room, Laundry, Elevator(s), Private Indoor Pool, Wheelchair Orientd
Interior Features
Bar-Wet
Exterior Features
Outdoor Grill
Pets Allowed
Dogs OK
Sub/Complex
Lake Point Tower
Parking
1 Garage Spaces, Parking not included in price
Schools
District 299

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

12-16-2020 Listed at $4,700,000
12-07-2021 Price decreased by $505,000 to $4,195,000
01-14-2022 Status changed to Cancelled
Last Modified 11/30/22 9:03 AM

Nearby Transportation

  • Bus 29 < 0.1 mi
  • Bus 66 < 0.1 mi
  • Bus 65 < 0.1 mi
  • Bus 2 < 0.1 mi
  • Bus 124 < 0.1 mi
  • Bus 121 0.3 mi
  • Bus 120 0.3 mi
  • Bus 157 0.4 mi
  • Bus 3 0.4 mi
  • Bus 60 0.5 mi
  • Bus 4 0.5 mi
  • Bus 134 0.5 mi
  • Bus 135 0.5 mi
  • Bus 136 0.5 mi
  • Bus 6 0.5 mi
  • Metra Electric 0.7 mi
  • Red Line 0.8 mi
  • Green Line 0.9 mi
  • Pink Line 0.9 mi
  • Orange Line 0.9 mi
  • Brown Line 0.9 mi
  • Purple Line 0.9 mi
  • Blue Line 1.0 mi
  • ZipCar 0.1 mi
  • Maven 0.3 mi
  • I 90 East 1.3 mi
  • I 94 East 1.3 mi
  • I 90 West 1.3 mi
  • I 94 West 1.3 mi
  • I 290 East 1.9 mi
  • I 290 West 2.5 mi
  • I 55 North 2.8 mi
  • I 55 South 2.8 mi
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