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  5. 1242 N Lake Shore Drive
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1242 N Lake Shore Drive

1242 N Lake Shore Drive, Chicago, IL, 60610

YEAR BUILT

1929

# STORIES

28

# TOTAL UNITS

53

UNIT SIZE RANGE

4,166-4,266 sqft

Description

1242 N Lake Shore Drive stands tall in Chicago, marking its presence along the vibrant North Lake Shore Drive. This high-rise building rises 28 stories and provides stunning views of Lake Michigan. It is positioned at the intersection of North Lake Shore Drive and East North Avenue, offering great access to the city's amenities. Constructed in 1929, the building contains 53 condominium units. Sizes range from 4,166 to 4,266 square feet. Units include layouts with 2, 3, or 4 bedrooms, catering to different living needs. Prices for these units fall between $2,100,000 and $2,625,000, reflecting the upscale nature of the property. Recent sales data highlights that the lowest sold price in the last year was around $600,000. The average closed price stood at about $821,875, with an average price per square foot of $286. Units tend to stay on the market for roughly 163 days, reflecting the competitive nature of the area. Amenities enhance daily living in this building. Residents can enjoy a receiving room, a spa or hot tub, and an exercise room. Pathways for biking and several elevators add to the building's functionality. Each feature supports a comfortable lifestyle for those residing there. Nearby, grocery needs can be met at Commissary Inc. and dining spots like Pump Room and Booth One offer local fare. The combination of waterfront views and city access makes this location desirable. The building reflects the charm of historic architecture while providing modern amenities for today's residents.

Building ImageMLS ID #12325049
Building ImageMLS ID #12297304
Building Image
Building ImageView Listing

1242 N Lake Shore Drive

1242 N Lake Shore Drive, Chicago, IL, 60610

YEAR BUILT

1929

# STORIES

28

# TOTAL UNITS

53

UNIT SIZE RANGE

4,166-4,266 sqft

Description

1242 N Lake Shore Drive stands tall in Chicago, marking its presence along the vibrant North Lake Shore Drive. This high-rise building rises 28 stories and provides stunning views of Lake Michigan. It is positioned at the intersection of North Lake Shore Drive and East North Avenue, offering great access to the city's amenities. Constructed in 1929, the building contains 53 condominium units. Sizes range from 4,166 to 4,266 square feet. Units include layouts with 2, 3, or 4 bedrooms, catering to different living needs. Prices for these units fall between $2,100,000 and $2,625,000, reflecting the upscale nature of the property. Recent sales data highlights that the lowest sold price in the last year was around $600,000. The average closed price stood at about $821,875, with an average price per square foot of $286. Units tend to stay on the market for roughly 163 days, reflecting the competitive nature of the area. Amenities enhance daily living in this building. Residents can enjoy a receiving room, a spa or hot tub, and an exercise room. Pathways for biking and several elevators add to the building's functionality. Each feature supports a comfortable lifestyle for those residing there. Nearby, grocery needs can be met at Commissary Inc. and dining spots like Pump Room and Booth One offer local fare. The combination of waterfront views and city access makes this location desirable. The building reflects the charm of historic architecture while providing modern amenities for today's residents.

Next

Description

1242 N Lake Shore Drive stands tall in Chicago, marking its presence along the vibrant North Lake Shore Drive. This high-rise building rises 28 stories and provides stunning views of Lake Michigan. It is positioned at the intersection of North Lake Shore Drive and East North Avenue, offering great access to the city's amenities. Constructed in 1929, the building contains 53 condominium units. Sizes range from 4,166 to 4,266 square feet. Units include layouts with 2, 3, or 4 bedrooms, catering to different living needs. Prices for these units fall between $2,100,000 and $2,625,000, reflecting the upscale nature of the property. Recent sales data highlights that the lowest sold price in the last year was around $600,000. The average closed price stood at about $821,875, with an average price per square foot of $286. Units tend to stay on the market for roughly 163 days, reflecting the competitive nature of the area. Amenities enhance daily living in this building. Residents can enjoy a receiving room, a spa or hot tub, and an exercise room. Pathways for biking and several elevators add to the building's functionality. Each feature supports a comfortable lifestyle for those residing there. Nearby, grocery needs can be met at Commissary Inc. and dining spots like Pump Room and Booth One offer local fare. The combination of waterfront views and city access makes this location desirable. The building reflects the charm of historic architecture while providing modern amenities for today's residents.

1242 N Lake Shore Drive Market Stats Last 12 months

Avg. Listed Price$1,000,000($289/Sqft.)
Avg. Sale Price$821,875($286/Sqft.)
Year over year list priceUp Arrow17.69%
Year over year sale priceDown Arrow 24.43%
Total Listings2 Listed
Total sold4 Sold
Average Days on Market163 days
Average HOA fees per sqft$1 /monthly
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Market Stats

Year over year list priceUp Arrow17.69%
Year over year sale priceDown Arrow24.43%
Total Listings2 Listed
Total sold4 Sold
Average Days on Market163 days
Average HOA fees per sqft$1 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

Medium
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

Low
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

1242 N Lake Shore Drive Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 15154000341712018-02-26
MLS#: 09744352 		Closed$2,100,000
Unit 9S9S3000342832012-06-28
MLS#: 07906099 		Closed$1,600,000
Unit 20204000451722008-09-15
MLS#: 06842029 		Closed$2,625,000
Unit 15
15

3 Beds

4 Baths

4000 sqft

DateStatusPrice
2018-02-26Closed$2,100,000
MLS#: 09744352
Days On Market171
Unit 20
20

4 Beds

5 Baths

4000 sqft

DateStatusPrice
2008-09-15Closed$2,625,000
MLS#: 06842029
Days On Market172
Unit 9S
9S

3 Beds

4 Baths

3000 sqft

DateStatusPrice
2012-06-28Closed$1,600,000
MLS#: 07906099
Days On Market283
View Complete Unit Listing HistorySource By: MRED

Amenities

Life at this condo is enhanced by a variety of amenities designed to keep residents happy and comfortable. Start your day right with a workout in the exercise room, then unwind in the spa or hot tub after those long days. If you're a biking enthusiast, the bike room and nearby trails will be your haven. Also, with service elevators within the building, you can easily move your belongings without the hassle, making your condo living experience feel effortless.

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Amenities Description

Life at this condo is enhanced by a variety of amenities designed to keep residents happy and comfortable. Start your day right with a workout in the exercise room, then unwind in the spa or hot tub after those long days. If you're a biking enthusiast, the bike room and nearby trails will be your haven. Also, with service elevators within the building, you can easily move your belongings without the hassle, making your condo living experience feel effortless.

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

Elevator(s)

Elevator(s)

Exercise Room

Exercise Room

Door Person

Door Person

Security Door Lock(s)

Security Door Lock(s)

Receiving Room

Receiving Room

Spa/Hot Tub

Spa/Hot Tub

Bike Room/Bike Trails

Bike Room/Bike Trails

Storage

Storage

Service Elevator(s)

Service Elevator(s)

Valet

Valet

Policies

It’s important to know that 1242 N Lake Shore Drive is pet-friendly, allowing both cats and dogs—perfect for animal lovers! However, the building does have some policies in place regarding the number and sizing of pets, which keeps everything organized and enjoyable for all residents.

Pet Allowed
Check
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)
1242 N Lake Shore Drive$286/sqft.$1 /sqft.
1242 N Lake Shore Dr$277/sqft.$1 /sqft.
1240 N Lake Shore Dr$264/sqft.$1 /sqft.
1240 North Lake Shore Condominiums$283/sqft.$1 /sqft.
65 E Goethe Street$759/sqft.$1 /sqft.
60 East Scott$295/sqft.$2 /sqft.

Nearby Schools

1242 N Lake Shore Drive is located in a school-accessible area of Gold Coast, Chicago. Nearby schools within a 2-mile radius simplify daily schedules. Families benefit from convenient education access. This location promotes a balanced and family-friendly lifestyle.

Ogden Elementary School

D+
Public|Grades KG–8
24 W Walton St|0.4 miles away

Latin School of Chicago Lower

--
Private|Grades PK–12
1531 N Dearborn Pk...|0.42 miles away

Cornerstone Academy

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

Lincoln Park Preschool and Kindergarten

--
Private|Grades PK–KG
108 W Germania Pl|0.5 miles away

Salazar Elementary Bilingual Center

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

Franklin Elementary Fine Arts Center

C
Public|Grades KG–8
225 W Evergreen Av...|0.55 miles away
Next

Schools

arrow rightWhat to know about schoolsarrow right
Next

Description

1242 N Lake Shore Drive is located in a school-accessible area of Gold Coast, Chicago. Nearby schools within a 2-mile radius simplify daily schedules. Families benefit from convenient education access. This location promotes a balanced and family-friendly lifestyle.

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

Lincoln Park Preschool and Kindergarten

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

Salazar Elementary Bilingual Center

C-
Public|Grades PK–8
160 W Wendell 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

Payton College Preparatory High School

A+
Public|Grades 9–12
1034 N Wells 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|1.03 Miles Away

Cics - Quest North Campus

F
Public|Grades 9–12
1443 N Ogden Ave|1.04 Miles Away

Noble St Charter-the Noble Academy

A
Public|Grades 9–12
1443 N Ogden Ave|1.04 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|1.23 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...|1.27 Miles Away

Gems World Academy Chicago

--
Private|Grades PK–11
350 E South Water ...|1.35 Miles Away

Lincoln Park High School

B+
Public|Grades 9–12
2001 N Orchard St|1.41 Miles Away

Yccs-Innovations of Arts Integr High School

--
Public|Grades 9–12
17 N State St|1.56 Miles Away

Noble St Charter-Muchin College Preparatory

A+
Public|Grades 9–12
1 N State St|1.58 Miles Away

Lincoln Elementary School

A+
Public|Grades KG–8
615 W Kemper Pl|1.65 Miles Away

St James Lutheran School

--
Private|Grades PK–8
2101 N Fremont St|1.66 Miles Away

Intrinsic 2 Charter High School

--
Public|Grades 9–12
79 W Monroe St Ste...|1.72 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|1.88 Miles Away

St Clement School

--
Private|Grades PK–8
2524 N Orchard St|1.94 Miles Away

Noble St Charter-Noble Campus

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

Alcott Elementary School

A
Public|Grades KG–8
2625 N Orchard St|1.98 Miles Away

Frances Xavier Warde School

--
Private|Grades PK–8
120 S Desplaines S...|1.99 Miles Away

Urban Preparatory West Charter School

--
Public|Grades 9–12
425 S Wabash Ave|2.00 Miles Away

Transit

1242 N Lake Shore Drive offers strong public transit access in Gold Coast, Chicago, with multiple transportation options located within a 2-mile radius. Nearby Bus, Metro allow residents to move efficiently across the city without relying on a car. This transit-oriented location supports daily commuting, errands, and weekend travel. Excellent connectivity adds convenience and long-term livability to the neighborhood.

1700 N Halsted

1.26 miles away|25 min walk

1900 N Halsted

1.39 miles away|27 min walk

300 W Division

0.58 miles away|12 min walk

311 W Division

0.55 miles away|11 min walk

320 N LaSalle

1.22 miles away|24 min walk

321 N LaSalle

1.21 miles away|24 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

1242 N Lake Shore Drive offers strong public transit access in Gold Coast, Chicago, with multiple transportation options located within a 2-mile radius. Nearby Bus, Metro allow residents to move efficiently across the city without relying on a car. This transit-oriented location supports daily commuting, errands, and weekend travel. Excellent connectivity adds convenience and long-term livability to the neighborhood.

1700 N Halsted

1.26 miles away|25 min walk

1900 N Halsted

1.39 miles away|27 min walk

300 W Division

0.58 miles away|12 min walk

311 W Division

0.55 miles away|11 min walk

320 N LaSalle

1.22 miles away|24 min walk

321 N LaSalle

1.21 miles away|24 min walk

350 S. Clark Street (Chicago)

1.94 miles away|38 min walk

530 W Grand

1.31 miles away|26 min walk

700 W Chicago

1.23 miles away|24 min walk

Adams & Canal

1.93 miles away|37 min walk

Adams & Clark

1.81 miles away|35 min walk

Adams & State

1.78 miles away|35 min walk

Adams & S. Wacker

1.88 miles away|36 min walk

Adams & Wabash

1.78 miles away|35 min walk

Adams/Wabash

1.78 miles away|35 min walk

Adams & Wells

1.84 miles away|36 min walk

AM Michigan & Randolph (Chicago)

1.43 miles away|28 min walk

Armitage

1.66 miles away|32 min walk

Armitage (Brown/Purple)

1.66 miles away|32 min walk

Armitage & Clark

1.06 miles away|21 min walk

Armitage & Cleveland

1.21 miles away|24 min walk

Armitage & Fremont

1.58 miles away|31 min walk

Armitage & Halsted

1.48 miles away|29 min walk

Armitage & Larrabee

1.29 miles away|25 min walk

Armitage & Lincoln/Sedgwick

1.13 miles away|22 min walk

Armitage & Orchard

1.39 miles away|27 min walk

Armitage & Seminary

1.77 miles away|35 min walk

Armitage Station (Brown Line)

1.65 miles away|32 min walk

Canal & Madison

1.76 miles away|34 min walk

Canal & Randolph

1.62 miles away|32 min walk

Canal & Randolph/Washington

1.67 miles away|33 min walk

Cannon & Nature Museum/Fullerton

1.58 miles away|31 min walk

Chestnut & Lake Shore Drive

0.6 miles away|12 min walk

Chestnut & Mies Van Der Rohe

0.49 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

0.8 miles away|16 min walk

Chicago (Brown/Purple)

0.8 miles away|16 min walk

Chicago & Clark

0.66 miles away|13 min walk

Chicago & Elizabeth

1.87 miles away|36 min walk

Chicago & Fairbanks

0.64 miles away|13 min walk

Chicago & Franklin (Brown line)

0.79 miles away|16 min walk

Chicago & Halsted

1.28 miles away|25 min walk

Chicago & Hudson

0.95 miles away|19 min walk

Chicago & Larrabee

1.07 miles away|21 min walk

Chicago & LaSalle

0.7 miles away|14 min walk

Chicago & Michigan

0.59 miles away|12 min walk

Chicago & Mies Van Der Rohe

0.62 miles away|12 min walk

Chicago & Milwaukee (Blue Line)

1.65 miles away|32 min walk

Chicago & Noble

1.99 miles away|39 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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1242 N Lake Shore Drive Demographics

Age Demographics

0–14 Years

5.42%

15–29 Years

33.22%

30–44 Years

24.24%

45–59 Years

14.56%

60+ Years

22.55%

Commute

25.13%

Transit

25.81%

Walk

21.96%

Drive

2.06%

Bike

Housing Ownership

39.03%

Owner Occupied

60.97%

Rental Units

Household Types

Single Family
7%
Multi Family
0.43%
Single Person
59.55%
Multi Person
40.45%

Average Income

Household:$11,226,149.26 /yr

Individual:$10,731,017.01 /yr

Education

Bachelors Degree43.42%
High School College4.59%
Diploma2.28%
Post Graduate40.69%
Others9.03%
Next

Education

Diploma2.28%
Post Graduate40.69%
Others9.03%
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    1242 N Lake Shore Drive
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