505 N Lake Shore Dr #70, Chicago, IL 60611
505 N Lake Shore Dr #70, Chicago, IL 60611
505 N Lake Shore Dr #70, Chicago, IL 60611
OFF MARKET

505 N Lake Shore Dr #70
Chicago, IL 60611

Homes for Sale Near 505 N Lake Shore Dr #70

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Description

This property is not currently for sale or for rent on Trulia. The description and property data below may have been provided by a third party, the homeowner or public records.
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A Once in a Lifetime Opportunity to Own one Of the Most Iconic Space in Chicago.



505 North Lake Drive Chicago IL

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.



https://www.youtube.com/watch?v=UI3DJx_FF7g&list=PLFzJlbVnapI9bALQKw3wGDC7-ForoC0dh



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 an exclusive 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 Cité restaurant for decades, a coveted “bucket list” restaurant destination in Chicago.

Cité 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 Cité 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 is $4,700,000 which 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.

Home Details for 505 N Lake Shore Dr #70

Interior Features
Interior Details
Basement
Property Information
Property Type / Style
Property Type: Condo
HOA
HOA Fee: $8,000/monthly

Price History for 505 N Lake Shore Dr #70

Event DetailsPrice
08/18/2021
ListingRemoved
Agent Provided
$4.39M

05/20/2021
Listed For Sale
Agent Provided
$4.39M

03/10/2021
ListingRemoved
Agent Provided
$4.7M

10/15/2020
Listed For Sale
Agent Provided
$4.7M

Price Trends

For homes in 60611
*Based on the
Trulia Estimate
$484,090
Typical home value
This home: $965,700 50% above*
$721
Typical Home Value by sqft
This home: $215 236% below*
Price trends provided by third party data sources.

Comparable Sales for 505 N Lake Shore Dr #70

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1.17
Condo
$1,900
06/14/21
2
1
1,195
1.08
Condo
$190,000
06/04/21
1
1
800
5.48
Condo
$199,999
09/10/21
1
1
800
0.35
Apartment
$4,795
06/01/21
2
2
-
1.16
Condo
$2,425
04/01/21
2
2
1,320
1.32
Condo
$166,000
05/18/21
1
1
800
3.72
Condo
$3,000
08/28/21
3
3
2,000
0.46
Condo
$1,845
05/08/21
1
1
850
0.58
Condo
$4,150
08/17/21
3
3
1,825
3.82
Apartment
$1,450
08/26/21
1
1
700
Home facts updated by county records

What Locals Say about Chicago

  • Trulia User
    "Nice area to walk your dog. Owners chat and pick up after dogs. Neighbors say hi to one another. Everyone is very respectful of one another."
    5
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  • Trulia User
    "Plenty of dog walking areas. Lots of people walking their dogs. Harrison Park is a great spot for a nice dog walk. "
    2
    Flag
  • Trulia User
    "My neighborhood is unique mainly due to its diversity and availability of food, parks and transportation!"
    4
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  • Trulia User
    "This area is full of families and friendly neighbors. It is in danger of gentrification, but is not yet as trendy as Pilsen. I like it very much, and would buy in the area."
    6
    Flag
  • Trulia User
    "Diverse, many restaurants especially Mexican restaurants. You can go bar hopping here too. Being around here made me feel like home. "
    2
    Flag
  • Trulia User
    "Like the variety of dog/dog owners and open spaces. Might not like owners who don’t pick up after dogs."
    1
    Flag
  • Trulia User
    "I love this area. Nice quiet streets. Lots of family. So close to so many good foods. Pete’s fresh market around the corner my all time fav. Close to downtown. Lots of public transit options. Feel lucky to be here."
    5
    Flag
  • Trulia User
    "most of the dogs in the neighborhood are either pit-breeds or Chihuahuas. there isn't much Green space."
    1
    Flag
  • Trulia User
    "The diversity that once was more dominant in my neighborhood is what kept me here. I want to be able to add on to the culture and sense of community before it’s fully gentrified. "
    13
    Flag
  • Trulia User
    "There's an art crawls the second Friday of every month and street events/fairs every two weeks during the summer."
    2
    Flag
  • Trulia User
    "Harrison park, all the sidewalks and coffee shops, locals shops, restaurants etc totake breaks at when walking your pup."
    0
    Flag
  • Trulia User
    "I’ve lived here for a year and the neighborhood comes alive in the summer. Life revolves around beautiful Harrison park, the food, the little league and the pink line"
    4
    Flag
  • Trulia User
    "I have lived in this neighborhood the last 5 years. It’s very quiet most of the time. The restaurants on Oakley are fabulous! Friendly neighborhood I love it! Parking sucks though"
    10
    Flag
  • Trulia User
    "Trash on the sidewalk and streets. Gives the impression that neighbors don’t care about neighborhoods. "
    5
    Flag
  • Trulia User
    "There are many festivals, carnivals and block parties that make this neighborhood come alive. It has many schools and parks and the people are very friendly. "
    0
    Flag
  • Trulia User
    "There is trash everywhere. There is not a culture of pride in neighborhoods. I want to move from here. "
    5
    Flag
  • Trulia User
    "My neighborhood has great access to public transportation. Plus everything you need is near.only 15 minutes away from downtown. "
    0
    Flag
  • Trulia User
    "we have many events that happen throughout the summer. The neighborhood has been gentrified now the values of the homes and rents are being raised do to this community being gentrified. Do not be fooled there is still crime and gangs in this area and might seem safe but that is just a cover up. "
    2
    Flag
  • Trulia User
    "Theres Art everywhere you go. Mexican restaurants. Local grocery stores. And the commute is perfect. Not to mention theres atleast 3 highways to het across town with in a mile radious. The hispitals are just 5 minutes away. Downtown is 13 minutes away from pilsen, in train."
    11
    Flag

LGBT Local Legal Protections

LGBT Legal Protections updated by Movement Advancement Project

Homes for Rent Near 505 N Lake Shore Dr #70

505 N Lake Shore Dr #70, Chicago, IL 60611 is a 3 bedroom, 3.5 bathroom, 4,500 sqft condo. This property is not currently available for sale. The current Trulia Estimate for 505 N Lake Shore Dr #70 is $965,700.