1540 N Lake Shore Drive

1540 N Lake Shore Drive, Chicago, IL, 60610

Description

1540 N Lake Shore Drive sits at the corner of Lake Shore Drive and Belden Avenue. The building is a 16-story high rise built in 1926. The property is a Condo and contains 44 units. The address places the property along the lakefront corridor on Chicago’s north side. Units range from 7,150 to 7,250 sq ft and include 2, 3, and 4 bedrooms. Floor plates allow for large rooms and open circulation. Recent unit price listings run from $3,350,000 to $3,325,000. The listing range reflects whole-floor scale and rare unit sizes. The lowest sold price in the past 12 months was $299,000. The average closed price is $562,000. The price per square foot averages $160 based on sold listings over the last year. Homes in the building spend 106 days on the market. The building enjoys waterfront views of Lake Michigan. Amenities include a receiving room, elevators, an exercise room and a health club. The property also has a sundeck, a bike room and bike trails. A service elevator handles deliveries and larger moves. Common space and amenity access support active and quiet uses without mixing them at the same time. Graham Foundation sits nearby and Chicago Contemporary Preschool serves local families. 1400 Market Place grocery stands within walking distance. Street-level shops and cafes line the nearby avenues and support daily errands. The combination of large units, lake views and on-site amenities gives the building a clear standing in the neighborhood market.