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  5. 1240 North Lake Shore Condominiums
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1240 North Lake Shore Condominiums

1240 N Lake Shore Drive, Chicago, IL, 60610

YEAR BUILT

1970

# STORIES

33

# TOTAL UNITS

81

UNIT SIZE RANGE

4,150-4,250 sqft

Description

1240 North Lake Shore Condominiums sits on Lake Shore Drive in Chicago. This high-rise building stands 33 stories tall and features waterfront views. The location offers easy access to North Clark Street and West North Avenue. Lake Michigan lies nearby, enhancing the scenery. Constructed in 1970, the building has a total of 81 condominium units. Sizes range from 4,150 to 4,250 square feet. The units include 2, 3, and 4-bedroom options, catering to different living needs. Prices for units fall between $1,100,000 and $1,300,000. The average closed price over the past year was about $531,250. Residents enjoy numerous amenities that include a leisure room and a health club. An on-site laundry facility ensures convenience for all. The building also provides valet service, a bike room, and a party room for community events. A sundeck offers a chance to relax while enjoying the view. Local dining options, like Pump Room and Booth One, provide a taste of fine dining close to home. Commissary Inc serves grocery needs, making everyday shopping straightforward. These amenities support a vibrant lifestyle by blending home comforts with social activities. Units on average spend 108 days on the market. The average price per square foot for sold listings is around $283. This information reflects the steady interest in this waterfront property. The building combines spacious living and essential amenities in a sought-after location.

Building ImageMLS ID #12315052
Building ImageMLS ID #12299486
Building Image
Building ImageView Listing

1240 North Lake Shore Condominiums

1240 N Lake Shore Drive, Chicago, IL, 60610

YEAR BUILT

1970

# STORIES

33

# TOTAL UNITS

81

UNIT SIZE RANGE

4,150-4,250 sqft

Description

1240 North Lake Shore Condominiums sits on Lake Shore Drive in Chicago. This high-rise building stands 33 stories tall and features waterfront views. The location offers easy access to North Clark Street and West North Avenue. Lake Michigan lies nearby, enhancing the scenery. Constructed in 1970, the building has a total of 81 condominium units. Sizes range from 4,150 to 4,250 square feet. The units include 2, 3, and 4-bedroom options, catering to different living needs. Prices for units fall between $1,100,000 and $1,300,000. The average closed price over the past year was about $531,250. Residents enjoy numerous amenities that include a leisure room and a health club. An on-site laundry facility ensures convenience for all. The building also provides valet service, a bike room, and a party room for community events. A sundeck offers a chance to relax while enjoying the view. Local dining options, like Pump Room and Booth One, provide a taste of fine dining close to home. Commissary Inc serves grocery needs, making everyday shopping straightforward. These amenities support a vibrant lifestyle by blending home comforts with social activities. Units on average spend 108 days on the market. The average price per square foot for sold listings is around $283. This information reflects the steady interest in this waterfront property. The building combines spacious living and essential amenities in a sought-after location.

Next

Description

1240 North Lake Shore Condominiums sits on Lake Shore Drive in Chicago. This high-rise building stands 33 stories tall and features waterfront views. The location offers easy access to North Clark Street and West North Avenue. Lake Michigan lies nearby, enhancing the scenery. Constructed in 1970, the building has a total of 81 condominium units. Sizes range from 4,150 to 4,250 square feet. The units include 2, 3, and 4-bedroom options, catering to different living needs. Prices for units fall between $1,100,000 and $1,300,000. The average closed price over the past year was about $531,250. Residents enjoy numerous amenities that include a leisure room and a health club. An on-site laundry facility ensures convenience for all. The building also provides valet service, a bike room, and a party room for community events. A sundeck offers a chance to relax while enjoying the view. Local dining options, like Pump Room and Booth One, provide a taste of fine dining close to home. Commissary Inc serves grocery needs, making everyday shopping straightforward. These amenities support a vibrant lifestyle by blending home comforts with social activities. Units on average spend 108 days on the market. The average price per square foot for sold listings is around $283. This information reflects the steady interest in this waterfront property. The building combines spacious living and essential amenities in a sought-after location.

1240 North Lake Shore Condominiums Market Stats Last 12 months

Avg. Listed Price$532,334($270/Sqft.)
Avg. Sale Price$531,250($283/Sqft.)
Year over year list priceDown Arrow9.50%
Year over year sale priceUp Arrow 0.46%
Total Listings3 Listed
Total sold2 Sold
Average Days on Market108 days
Average HOA fees per sqft$1 /monthly
Next

Market Stats

Year over year list priceDown Arrow9.50%
Year over year sale priceUp Arrow0.46%
Total Listings3 Listed
Total sold2 Sold
Average Days on Market108 days
Average HOA fees per sqft$1 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

Low
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

High
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

1240 North Lake Shore Condominiums Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 26A26A240033792020-10-22
MLS#: 10805695 		Closed$888,800
Unit 10AB10AB3800461942014-03-19
MLS#: 08438394 		Closed$1,300,000
Unit 10AB10AB3800351452008-06-02
MLS#: 06767165 		Closed$1,100,000
Unit 10AB
10AB

4 Beds

6 Baths

3800 sqft

DateStatusPrice
2014-03-19Closed$1,300,000
MLS#: 08438394
Days On Market194
Unit 10AB
10AB

3 Beds

5 Baths

3800 sqft

DateStatusPrice
2008-06-02Closed$1,100,000
MLS#: 06767165
Days On Market145
Unit 26A
26A

3 Beds

3 Baths

2400 sqft

DateStatusPrice
2020-10-22Closed$888,800
MLS#: 10805695
Days On Market79
View Complete Unit Listing HistorySource By: MRED

Amenities

Life at 1240 North Lake Shore Condominiums comes with its own suite of delightful amenities. Picture starting your day with a workout in the well-equipped exercise room or unwinding after a long week at the sauna. The building has a health club to keep you fit and active, and if you're feeling social, the party room is perfect for hosting get-togethers with friends. Want to enjoy the warm Chicago sunshine? Head up to the sundeck for relaxation and stunning views. There’s even a bike room and easy access to bike trails for those who prefer cycling through the city.

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Amenities Description

Life at 1240 North Lake Shore Condominiums comes with its own suite of delightful amenities. Picture starting your day with a workout in the well-equipped exercise room or unwinding after a long week at the sauna. The building has a health club to keep you fit and active, and if you're feeling social, the party room is perfect for hosting get-togethers with friends. Want to enjoy the warm Chicago sunshine? Head up to the sundeck for relaxation and stunning views. There’s even a bike room and easy access to bike trails for those who prefer cycling through the city.

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Check Icon
Central AC
Central AC
Pool
Pool
Fitness Center
Fitness Center
Check Icon
Visitors Parking
Visitors Parking
Next

Amenities

Water View

Water View

Elevator(s)

Elevator(s)

Exercise Room

Exercise Room

Health Club

Health Club

Door Person

Door Person

Security

Security

Security Door Lock(s)

Security Door Lock(s)

Laundry

Laundry

Coin Laundry

Coin Laundry

Sundeck

Sundeck

Receiving Room

Receiving Room

Sauna

Sauna

Bike Room/Bike Trails

Bike Room/Bike Trails

Party Room

Party Room

Storage

Storage

High Speed Conn.

High Speed Conn.

Valet

Valet

Fire Pit

Fire Pit

Policies

One notable aspect of living at 1240 North Lake Shore is the congenial approach to pets; cats are welcome to join you in your new abode. This makes your furry friend part of the urban adventure, enhancing your experience in the bustling city.

Pet Allowed
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
1240 North Lake Shore Condominiums$283/sqft.$1 /sqft.
1240 N Lake Shore Dr$264/sqft.$1 /sqft.
1242 N Lake Shore Drive$286/sqft.$1 /sqft.
1242 N Lake Shore Dr$277/sqft.$1 /sqft.
1212 North Lake Shore Condominiums$462/sqft.$2 /sqft.
1212 N Lake Shore Dr$458/sqft.$2 /sqft.

Nearby Schools

1240 North Lake Shore Condominiums is situated close to local schools in Gold Coast, Chicago. Nearby educational institutions within 2 miles support daily convenience. Families enjoy improved accessibility and reduced commute stress. This location promotes a family-oriented environment.

Ogden Elementary School

D+
Public|Grades KG–8
24 W Walton St|0.39 miles away

Latin School of Chicago Lower

--
Private|Grades PK–12
1531 N Dearborn Pk...|0.43 miles away

Cornerstone Academy

--
Private|Grades 9–12
1111 N Wells St St...|0.48 miles away

Salazar Elementary Bilingual Center

C-
Public|Grades PK–8
160 W Wendell St|0.5 miles away

Lincoln Park Preschool and Kindergarten

--
Private|Grades PK–KG
108 W Germania Pl|0.51 miles away

Payton College Preparatory High School

A+
Public|Grades 9–12
1034 N Wells St|0.56 miles away
Next

Schools

arrow rightWhat to know about schoolsarrow right
Next

Description

1240 North Lake Shore Condominiums is situated close to local schools in Gold Coast, Chicago. Nearby educational institutions within 2 miles support daily convenience. Families enjoy improved accessibility and reduced commute stress. This location promotes a family-oriented environment.

Ogden Elementary School

D+
Public|Grades KG–8
24 W Walton St|Less than 1 Mile Away

Latin School of Chicago Lower

--
Private|Grades PK–12
1531 N Dearborn Pk...|Less than 1 Mile Away

Cornerstone Academy

--
Private|Grades 9–12
1111 N Wells St St...|Less than 1 Mile Away

Salazar Elementary Bilingual Center

C-
Public|Grades PK–8
160 W Wendell St|Less than 1 Mile Away

Lincoln Park Preschool and Kindergarten

--
Private|Grades PK–KG
108 W Germania Pl|Less than 1 Mile Away

Payton College Preparatory High School

A+
Public|Grades 9–12
1034 N Wells St|Less than 1 Mile Away

Franklin Elementary Fine Arts Center

C
Public|Grades KG–8
225 W Evergreen Av...|Less than 1 Mile Away

Catherine Cook School

--
Private|Grades PK–8
226 W Schiller St|Less than 1 Mile Away

Immaculate Conception School

--
Private|Grades PK–8
363 W Hill St|Less than 1 Mile Away

Manierre Elementary School

F
Public|Grades PK–8
1420 N Hudson Ave|Less than 1 Mile Away

Lasalle Elementary Language Academy

B+
Public|Grades KG–8
1734 N Orleans St|Less than 1 Mile Away

Skinner North Elementary School

A
Public|Grades KG–8
640 W Scott St|Less than 1 Mile Away

Skinner Elementary School

A
Public|Grades PK–5
111 S Throop St|1.04 Miles Away

Cics - Quest North Campus

F
Public|Grades 9–12
1443 N Ogden Ave|1.05 Miles Away

Noble St Charter-the Noble Academy

A
Public|Grades 9–12
1443 N Ogden Ave|1.05 Miles Away

Jenner Elementary Academy of the Arts

--
Public|Grades PK–8
|1.14 Miles Away

Newberry Elementary Math & Science Academy

B-
Public|Grades PK–8
700 W Willow St|1.24 Miles Away

Gce Lab School

--
Private|Grades 9–12
1535 N Dayton St|1.25 Miles Away

Fusion Academy Lp: Chicago- Lincoln Park

--
Private|Grades 6–12
1440 N Dayton St S...|1.28 Miles Away

Gems World Academy Chicago

--
Private|Grades PK–11
350 E South Water ...|1.33 Miles Away

Lincoln Park High School

B+
Public|Grades 9–12
2001 N Orchard St|1.42 Miles Away

Yccs-Innovations of Arts Integr High School

--
Public|Grades 9–12
17 N State St|1.55 Miles Away

Noble St Charter-Muchin College Preparatory

A+
Public|Grades 9–12
1 N State St|1.57 Miles Away

Lincoln Elementary School

A+
Public|Grades KG–8
615 W Kemper Pl|1.66 Miles Away

St James Lutheran School

--
Private|Grades PK–8
2101 N Fremont St|1.67 Miles Away

Intrinsic 2 Charter High School

--
Public|Grades 9–12
79 W Monroe St Ste...|1.71 Miles Away

Ogden Intermediate High School

A
Public|Grades 9–12
1250 W Erie St|1.87 Miles Away

St Stanislaus Kostka School

--
Private|Grades PK–8
1255 N Noble St|1.89 Miles Away

St Clement School

--
Private|Grades PK–8
2524 N Orchard St|1.95 Miles Away

Noble St Charter-Noble Campus

A+
Public|Grades 9–12
1010 N Noble St|1.96 Miles Away

Urban Preparatory West Charter School

--
Public|Grades 9–12
425 S Wabash Ave|1.98 Miles Away

Frances Xavier Warde School

--
Private|Grades PK–8
120 S Desplaines S...|1.98 Miles Away

Alcott Elementary School

A
Public|Grades KG–8
2625 N Orchard St|2.00 Miles Away

Transit

1240 North Lake Shore Condominiums is surrounded by public transit options designed for efficient city travel. Transportation access within a 2-mile radius ensures reliable connections across Chicago. Residents benefit from flexible commuting options and reduced travel stress. This well-connected setting supports modern urban lifestyles.

1700 N Halsted

1.27 miles away|25 min walk

1900 N Halsted

1.4 miles away|27 min walk

300 W Division

0.58 miles away|12 min walk

311 W Division

0.56 miles away|11 min walk

320 N LaSalle

1.21 miles away|24 min walk

321 N LaSalle

1.2 miles away|23 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

1240 North Lake Shore Condominiums is surrounded by public transit options designed for efficient city travel. Transportation access within a 2-mile radius ensures reliable connections across Chicago. Residents benefit from flexible commuting options and reduced travel stress. This well-connected setting supports modern urban lifestyles.

1700 N Halsted

1.27 miles away|25 min walk

1900 N Halsted

1.4 miles away|27 min walk

300 W Division

0.58 miles away|12 min walk

311 W Division

0.56 miles away|11 min walk

320 N LaSalle

1.21 miles away|24 min walk

321 N LaSalle

1.2 miles away|23 min walk

333 S Franklin Street (Chicago)

2 miles away|39 min walk

350 S. Clark Street (Chicago)

1.93 miles away|37 min walk

530 W Grand

1.31 miles away|26 min walk

700 W Chicago

1.22 miles away|24 min walk

Adams & Canal

1.92 miles away|37 min walk

Adams & Clark

1.79 miles away|35 min walk

Adams & State

1.77 miles away|34 min walk

Adams & S. Wacker

1.86 miles away|36 min walk

Adams & Wabash

1.76 miles away|34 min walk

Adams/Wabash

1.77 miles away|34 min walk

Adams & Wells

1.83 miles away|35 min walk

AM Michigan & Randolph (Chicago)

1.41 miles away|28 min walk

Armitage

1.67 miles away|33 min walk

Armitage (Brown/Purple)

1.67 miles away|33 min walk

Armitage & Clark

1.07 miles away|21 min walk

Armitage & Cleveland

1.22 miles away|24 min walk

Armitage & Fremont

1.59 miles away|31 min walk

Armitage & Halsted

1.49 miles away|29 min walk

Armitage & Larrabee

1.3 miles away|25 min walk

Armitage & Lincoln/Sedgwick

1.15 miles away|22 min walk

Armitage & Orchard

1.4 miles away|27 min walk

Armitage & Seminary

1.79 miles away|35 min walk

Armitage Station (Brown Line)

1.66 miles away|32 min walk

Canal & Madison

1.75 miles away|34 min walk

Canal & Randolph

1.61 miles away|31 min walk

Canal & Randolph/Washington

1.66 miles away|32 min walk

Cannon & Nature Museum/Fullerton

1.59 miles away|31 min walk

Chestnut & Lake Shore Drive

0.59 miles away|12 min walk

Chestnut & Mies Van Der Rohe

0.48 miles away|10 min walk

Chicago (Blue)

1.66 miles away|32 min walk

Chicago-Blue

1.66 miles away|32 min walk

Chicago-Brown

0.79 miles away|16 min walk

Chicago (Brown/Purple)

0.79 miles away|16 min walk

Chicago & Clark

0.65 miles away|13 min walk

Chicago & Elizabeth

1.87 miles away|36 min walk

Chicago & Fairbanks

0.63 miles away|13 min walk

Chicago & Franklin (Brown line)

0.78 miles away|15 min walk

Chicago & Halsted

1.28 miles away|25 min walk

Chicago & Hudson

0.94 miles away|19 min walk

Chicago & Larrabee

1.06 miles away|21 min walk

Chicago & LaSalle

0.7 miles away|14 min walk

Chicago & Michigan

0.57 miles away|12 min walk

Chicago & Mies Van Der Rohe

0.6 miles away|12 min walk

Chicago & Milwaukee (Blue Line)

1.65 miles away|32 min walk

The Neighbourhood: Gold Coast

The Gold Coast, located in Cook County, IL, exudes historical elegance and contemporary luxury. This prestigious neighborhood is renowned for its magnificent mansions, luxury high-rises, and tree-lined streets. Residents and visitors can indulge in upscale shopping, gourmet dining, and vibrant nightlife. Cultural landmarks and pristine lakeside parks add to its allure. The area's strategic location offers seamless access to Lake Shore Drive, making commuting a breeze. Public transportation options are plentiful, providing easy connectivity to the rest of Chicago.

Next

Neighbourhood Description

The Gold Coast, located in Cook County, IL, exudes historical elegance and contemporary luxury. This prestigious neighborhood is renowned for its magnificent mansions, luxury high-rises, and tree-lined streets. Residents and visitors can indulge in upscale shopping, gourmet dining, and vibrant nightlife. Cultural landmarks and pristine lakeside parks add to its allure. The area's strategic location offers seamless access to Lake Shore Drive, making commuting a breeze. Public transportation options are plentiful, providing easy connectivity to the rest of Chicago.

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1240 North Lake Shore Condominiums Demographics

Age Demographics

0–14 Years

5.39%

15–29 Years

33.23%

30–44 Years

24.32%

45–59 Years

14.55%

60+ Years

22.51%

Commute

25.02%

Transit

25.93%

Walk

21.95%

Drive

2.06%

Bike

Housing Ownership

38.99%

Owner Occupied

61.01%

Rental Units

Household Types

Single Family
6.97%
Multi Family
0.42%
Single Person
59.55%
Multi Person
40.45%

Average Income

Household:$11,233,519.76 /yr

Individual:$10,748,160.3 /yr

Education

Bachelors Degree43.43%
High School College4.57%
Diploma2.27%
Post Graduate40.74%
Others8.99%
Next

Education

Diploma2.27%
Post Graduate40.74%
Others8.99%
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    1240 North Lake Shore Condominiums
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