505 North Lake Shore Drive – Lake Point Tower condos for sale

Lake Point Tower - 505 N Lake Shore Drive, Chicago, IL 60611

Lake Point Tower - 505 N Lake Shore Drive, Chicago, IL 60611

Here are the condos for sale at 505 North Lake Shore Drive along with its location, building & unit information. Schedule a showing online!

THE LOCATION

505 N Lake Shore Drive – Lake Point Tower is located just east of Lake Shore Drive between Illinois and Grand just west of Navy Pier in Streeterville. The building currently has a Walk Score of 86 and a Transit Score of 83. The Red Line Stop at State & Grand is just over 0.8 miles away. See its interactive Walk Score Map below.

While its walkability is on the lower side for a downtown location, its unique location east of Lake Shore Drive gives residents incredible lake views and incredible city views! There are also several on-site businesses.

THE BUILDING

505 N Lake Shore Drive was built in 1968 and houses 752 condos within its 70 stories. It has a private 2 1/2 acre park with a waterfall, grills and a playgound. There are also 2 pools (indoor & outdoor), a fitness center, spa, racquet/handball court, wifi lounge and valet parking. Parking can be leased ($250/mo.) or purchased. The high-rise also includes a small grocery store, Cite Restaurant, a salon, dentist, Pilates studio and dry cleaner. One dog up to 30 lbs. is allowed in the building, but not in the private park.

The hallways are getting a facelift which should be completed by 2013. Listing agents have quoted financial reserves anywhere from $2M to $5M. Owner occupancy is above 77%.

Each of the building’s 3 wings is separated from the elevators with doors giving a fair degree of privacy. Of course the east wing has the best lake views, but the west and north wings still have great lake views to the south and/or north. For more information on the high-rise and association visit “Lake Point Tower Condominium“.

505 N LAKE SHORE DRIVE, CHICAGO, IL 60611 WALK SCORE MAP

505 N Lake Shore Drive, Chicago, IL 60611 Walk Score Map for RSS & Mobile

505 N Lake Shore Drive 2210's View of Navy Pier

505 N Lake Shore Drive 2210's View of Navy Pier

THE CONDOS

Lake Point Tower has studios, 1, 2, and 3 bedroom units. Many, but not all condos have in-unit laundry. Installation of washer/dryer hook-ups is allowed in some units, but not others. Each condo has separate water heaters for the kitchen and bathrooms. Cooking appliances are electric. Air conditioning is provided by wall units. All of the condos have built-ins at the bottom of the windows which double as seating and fresh air vents. None of the condos have balconies.

BUILDINGS SIMILAR TO 505 N LAKE SHORE DRIVE

ALL CONDOS FOR SALE AT 505 N LAKE SHORE DRIVE, CHICAGO, IL 60611
LAKE POINT TOWER
CHECK BACK FOR NEW LISTINGS

Address
Price
Beds
Bath
SqFt
More Info
505 N Lake Shore 4203$1,399,00032 1/22900Photos & Info
505 N Lake Shore 4912$1,199,00033 1/23000Photos & Info
505 N Lake Shore 6705$1,150,000122537Photos & Info
505 N Lake Shore 4102$1,150,00043 1/23000Photos & Info
505 N Lake Shore 5308-09$849,000222200Photos & Info
505 N Lake Shore 5710$839,000321800Photos & Info
505 N Lake Shore 2502$795,000221450Photos & Info
505 N Lake Shore 6507$739,00021 1/21800Photos & Info
505 N Lake Shore 3609$660,000221450Photos & Info
505 N Lake Shore 1112$659,000221800Photos & Info
505 N Lake Shore 4508$610,000221450Photos & Info
505 N Lake Shore 3408$600,000121450Photos & Info
505 N Lake Shore 5001$584,900221450Photos & Info
505 N Lake Shore 2405$499,000221446Photos & Info
505 N Lake Shore 416$480,000221480Photos & Info
505 N Lake Shore 5204$405,000111100Photos & Info
505 N Lake Shore 1304$399,000111100Photos & Info
505 N Lake Shore 2003$399,000111100Photos & Info
505 N Lake Shore 2112$375,000111100Photos & Info
505 N Lake Shore 1301$359,900111100Photos & Info
505 N Lake Shore 1317$355,00011Photos & Info
505 N Lake Shore 1107$345,000111087Photos & Info
505 N Lake Shore 1302$267,90001720Photos & Info

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ABOUT THE AUTHOR

Fran Bailey Fran Bailey is a Realtor who has been quoted in numerous Chicago and national publications. To schedule showings for any listings, get a free market analysis for your home or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More

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