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For Sale: Drake Tower Apartments - 179 E LAKE SHORE, UNIT 501


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Overview

North and east facing two-bedroom and two-bath Drake Tower apartment has been meticulously renovated. Eleven large windows generate substantial light and provide treetop views overlooking Oak Street Beach and Lake Michigan. The apartment has been flawlessly restored from top to bottom in the classic elegance of Benjamin Marshall's original design. The recent restoration included replacement of all windows with premium, impact windows by Canadian manufacturer Loewen. The wiring is all new throughout the space. Central air conditioning and new ductwork was added including a central steam humidification system. The original millwork was stripped and repainted, original hardware was restored and new quarter-sawn oak hardwood floors were installed. A new classic white cabinet kitchen with soapstone counters, Miele and Sub-Zero appliances was included in the renovation. A RARE BONUS NOT FOUND IN OTHER APARTMENTS IN THIS TIER IS ADDITIONAL SQUARE FOOTAGE WHICH HAS BEEN INCORPORATED FROM A FORMER STORAGE ROOM INTO A BUTLER'S PANTRY ADJOINING THE KITCHEN. It features a wine refrigerator and extensive storage. Both bathrooms were also renovated with high-end materials in a classic aesthetic. Building amenities include restored lobby, uniformed door, elevator and maintenance staff, large gym, terrace, wine storage, attached parking ($100 per month for up to two vehicles) and on-site manager and engineer.

Address 179 E LAKE SHORE
UNIT 501
Chicago, IL 60611
Asking Price $825,000
Assessment $4,265
Property Type Attached Single, High Rise (7+ Stories), Vintage
Exposure N (North),E (East),Lake/Water
Parking Not Included, Parking Garage
Listing Status Active
Unit Features Hardwood Floors, Storage
Common Area Amenities Door Person, Coin Laundry, Elevator, Exercise Room, Storage, On Site Manager/Engineer, Sundeck, Receiving Room, Service Elevator, Business Center
City Information
City, State Chicago, Illinois
County Cook
Taxes $20,516.00 (Year 2018)
Tax PIN 17-03-208-002-XXXX
Rooms
Bedrooms 2
Full Bathrooms 2
Master Baths Full
Total Rooms 5
Total Size 1770 square feet
Rooms Description Foyer, Pantry
Basement None
Master Bedroom 20X15 Hardwood
2nd Bedroom 15X12 Hardwood
Dining COMBO Hardwood
Living Room 33X16 Hardwood
Kitchen 13X7 Hardwood
Other(Foyer) 16X7 Hardwood
Other(Pantry) 15X6 Hardwood
Neighborhood
Building Drake Tower Apartments
Condominium Drake Tower
Directions East Lake Shore Drive, adjacent to The Drake Hotel
Area CHI - Near North Side
Boundary Gold Coast
CTA "L" Stop 0.39 mile - Chicago Red Line @ 800 N. State Street
Coffee Shop 0.21 mile - 111 E. Chestnut Starbucks @ 111 East Chestnut
Water Front No
School District 299
Miscellaneous
Year Built 1928
Age 91-100 Years
Units in Building 58
Pets Allowed Yes
Fireplaces 1
Listing Source
MLS Number 10747643
Courtesy Of Berkshire Hathaway HomeServices Chicago
Similar Units

Other Units For Sale at 179 E LAKE SHORE DR(view all)

Unit BR Bath Exposure List Price
303 1 1.0 North,Lake/Water $395,000
1001 2 2.0 North,East,City,Lake/Water $875,000
23W 3 2.1 North,South,West,City,Lake/Water $1,875,000
Listing History
Date Time Price Status Photos
06/15/2020 12pm $875,000 NEW 27
06/16/2020 11am $875,000 NEW 27
06/21/2020 5am $875,000 ACTV 27
08/19/2020 12pm $825,000 PCHG 27
08/25/2020 5am $825,000 ACTV 27
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Disclaimer

Property information last modified by seller on Sunday, August 30, 2020, 09:15 AM CDT. Information Deemed Reliable But Not Guaranteed. Unauthorized duplication, use, or linkage is prohibited. The information on this web site is for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Monthly Payment Calculator results are for illustrative purposes only, not a financing opportunity; calculations assume a 30-year fixed-rate mortgage and do not include closing and other costs. Property Tax on NEW properties is estimated at 1.5% of Listing Price for payment calculation purposes; actual value may be higher or lower.

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