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  3. Chicago, IL
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  5. 505 N Lake Shore Dr
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505 N Lake Shore Dr

505 N Lake Shore Dr, Chicago, IL, 60601

YEAR BUILT

1968

# STORIES

70

# TOTAL UNITS

1177

UNIT SIZE RANGE

706-4,700 sqft

Description

505 N Lake Shore Drive is a high-rise building located in the lively Streeterville neighborhood of Chicago. This impressive structure stands at 70 stories tall and has a total of 1,177 units. Built in 1968, the building blends modern living with classic design in a vibrant area. Unit sizes vary greatly, ranging from 706 to 4,700 square feet. Prices for these units fall between $360,000 and $385,000. The average closed price for the building is around $584,411. The average price per square foot is about $409, reflecting the quality and location of the building. Residents enjoy stunning water views from their units. Many of them include floor-to-ceiling windows and spacious balconies. Inside, the open-concept layouts make living areas feel larger. Kitchens come equipped with stainless steel appliances, granite or quartz countertops, and modern lighting features. Amenities are plentiful. The building offers a rooftop outdoor pool and an indoor pool for relaxation. A fitness center helps residents stay active, while the business center is perfect for work needs. A 24-hour doorman and pet-friendly policies add to the community feel. Nearby, residents can find various conveniences. Margarita Casa, Bistro 580, and J's Fish Turkey and Chicken provide great dining options. The location is also close to Navy Pier and has easy access to bike paths. Living here means enjoying a blend of urban living with nature in view of Lake Michigan. Overall, this building provides a lively lifestyle with all the comforts of home and more. It creates an inviting space for those who appreciate city life while being near water and parks.

Building ImageMLS ID #08547654
Building ImageMLS ID #08547654
Building Image
Building ImageView Listing

505 N Lake Shore Dr

505 N Lake Shore Dr, Chicago, IL, 60601

YEAR BUILT

1968

# STORIES

70

# TOTAL UNITS

1177

UNIT SIZE RANGE

706-4,700 sqft

Description

505 N Lake Shore Drive is a high-rise building located in the lively Streeterville neighborhood of Chicago. This impressive structure stands at 70 stories tall and has a total of 1,177 units. Built in 1968, the building blends modern living with classic design in a vibrant area. Unit sizes vary greatly, ranging from 706 to 4,700 square feet. Prices for these units fall between $360,000 and $385,000. The average closed price for the building is around $584,411. The average price per square foot is about $409, reflecting the quality and location of the building. Residents enjoy stunning water views from their units. Many of them include floor-to-ceiling windows and spacious balconies. Inside, the open-concept layouts make living areas feel larger. Kitchens come equipped with stainless steel appliances, granite or quartz countertops, and modern lighting features. Amenities are plentiful. The building offers a rooftop outdoor pool and an indoor pool for relaxation. A fitness center helps residents stay active, while the business center is perfect for work needs. A 24-hour doorman and pet-friendly policies add to the community feel. Nearby, residents can find various conveniences. Margarita Casa, Bistro 580, and J's Fish Turkey and Chicken provide great dining options. The location is also close to Navy Pier and has easy access to bike paths. Living here means enjoying a blend of urban living with nature in view of Lake Michigan. Overall, this building provides a lively lifestyle with all the comforts of home and more. It creates an inviting space for those who appreciate city life while being near water and parks.

Next

Description

505 N Lake Shore Drive is a high-rise building located in the lively Streeterville neighborhood of Chicago. This impressive structure stands at 70 stories tall and has a total of 1,177 units. Built in 1968, the building blends modern living with classic design in a vibrant area. Unit sizes vary greatly, ranging from 706 to 4,700 square feet. Prices for these units fall between $360,000 and $385,000. The average closed price for the building is around $584,411. The average price per square foot is about $409, reflecting the quality and location of the building. Residents enjoy stunning water views from their units. Many of them include floor-to-ceiling windows and spacious balconies. Inside, the open-concept layouts make living areas feel larger. Kitchens come equipped with stainless steel appliances, granite or quartz countertops, and modern lighting features. Amenities are plentiful. The building offers a rooftop outdoor pool and an indoor pool for relaxation. A fitness center helps residents stay active, while the business center is perfect for work needs. A 24-hour doorman and pet-friendly policies add to the community feel. Nearby, residents can find various conveniences. Margarita Casa, Bistro 580, and J's Fish Turkey and Chicken provide great dining options. The location is also close to Navy Pier and has easy access to bike paths. Living here means enjoying a blend of urban living with nature in view of Lake Michigan. Overall, this building provides a lively lifestyle with all the comforts of home and more. It creates an inviting space for those who appreciate city life while being near water and parks.

505 N Lake Shore Dr Market Stats Last 12 months

Avg. Listed Price$678,484($454/Sqft.)

Avg. Sale Price$584,411($409/Sqft.)
Year over year list priceUp Arrow0.08%

Year over year sale priceUp Arrow 0.05%
Total Listings30 Listed

Total sold28 Sold
Average Days on Market93 days

Average HOA fees per sqft$2 /monthly
Next

Market Stats

Year over year list priceUp Arrow0.08%

Year over year sale priceUp Arrow0.05%
Total Listings30 Listed

Total sold28 Sold
Average Days on Market93 days

Average HOA fees per sqft$2 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

-
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

-
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

505 N Lake Shore Dr Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 52045204110011652014-05-06
MLS#: 08547654
Closed$385,000
Unit 520452041100111062012-09-25
MLS#: 08089081
Closed$360,000
Unit 5204
5204

1 Beds

1 Baths

1100 sqft


DateStatusPrice
2014-05-06Closed$385,000
MLS#: 08547654
Days On Market65
Unit 5204
5204

1 Beds

1 Baths

1100 sqft


DateStatusPrice
2012-09-25Closed$360,000
MLS#: 08089081
Days On Market106
View Complete Unit Listing HistorySource By: MRED

Amenities

Living at 505 N Lake Shore Dr means indulging in a wealth of amenities. Whether you’re in the mood for a brisk workout at the health club, a relaxing soak in the sauna, or a refreshing dip in the indoor pool, this building has it all. Enjoy sunny days by the outdoor sundeck and stay connected with a business center on-site. You and your furry friends can rejoice too, as pets are welcomed here! With valet services, a party room perfect for gatherings, and even a restaurant, life at 505 N Lake Shore Dr is anything but ordinary.

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Amenities Description

Living at 505 N Lake Shore Dr means indulging in a wealth of amenities. Whether you’re in the mood for a brisk workout at the health club, a relaxing soak in the sauna, or a refreshing dip in the indoor pool, this building has it all. Enjoy sunny days by the outdoor sundeck and stay connected with a business center on-site. You and your furry friends can rejoice too, as pets are welcomed here! With valet services, a party room perfect for gatherings, and even a restaurant, life at 505 N Lake Shore Dr is anything but ordinary.

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

Amenities

Elevator(s)

Elevator(s)

Exercise Room

Exercise Room

Health Club

Health Club

Pool

Pool

In Ground Pool

In Ground Pool

Indoor Pool

Indoor Pool

Door Person

Door Person

Security Door Lock(s)

Security Door Lock(s)

Coin Laundry

Coin Laundry

Sundeck

Sundeck

Receiving Room

Receiving Room

Spa/Hot Tub

Spa/Hot Tub

Steam Room

Steam Room

Sauna

Sauna

Bike Room/Bike Trails

Bike Room/Bike Trails

Party Room

Party Room

Business Center

Business Center

Restaurant

Restaurant

Storage

Storage

Service Elevator(s)

Service Elevator(s)

Policies

Speaking of pets, the building boasts some friendly policies. Cats and dogs are allowed, making it an inviting choice for pet owners. However, there are some guidelines on the number and size of pets, so it's always good to check the specifics if you're planning to bring along your four-legged companions.

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)
505 N Lake Shore Dr$409/sqft.$2 /sqft.
540 N Lake Shore Dr$346/sqft.$2 /sqft.
Streeterville$346/sqft.$2 /sqft.
530 N Lake Shore Drive$425/sqft.$2 /sqft.
474 N Lake Shore Drive$349/sqft.$2 /sqft.
530 N Lake Shore Dr$409/sqft.$2 /sqft.

Nearby Schools

Discover top-rated schools located close to 505 N Lake Shore Dr.

Gems World Academy Chicago

--
Private|Grades PK–11
350 E South Water ...|0.62 miles away

Yccs-Innovations of Arts Integr High School

--
Public|Grades 9–12
17 N State St|1.33 miles away

Noble St Charter-Muchin College Preparatory

A+
Public|Grades 9–12
1 N State St|1.34 miles away

Ogden Elementary School

D+
Public|Grades KG–8
24 W Walton St|1.42 miles away

Intrinsic 2 Charter High School

--
Public|Grades 9–12
79 W Monroe St Ste...|1.62 miles away

Urban Preparatory West Charter School

--
Public|Grades 9–12
425 S Wabash Ave|1.68 miles away
Next

Schools

Gems World Academy Chicago

--
Private|Grades PK–11
350 E South Water ...|Less than 1 Mile Away

Yccs-Innovations of Arts Integr High School

--
Public|Grades 9–12
17 N State St|1.33 Miles Away

Noble St Charter-Muchin College Preparatory

A+
Public|Grades 9–12
1 N State St|1.34 Miles Away

Ogden Elementary School

D+
Public|Grades KG–8
24 W Walton St|1.42 Miles Away

Intrinsic 2 Charter High School

--
Public|Grades 9–12
79 W Monroe St Ste...|1.62 Miles Away

Urban Preparatory West Charter School

--
Public|Grades 9–12
425 S Wabash Ave|1.68 Miles Away

Salazar Elementary Bilingual Center

C-
Public|Grades PK–8
160 W Wendell St|1.76 Miles Away

Cornerstone Academy

--
Private|Grades 9–12
1111 N Wells St St...|1.83 Miles Away

Payton College Preparatory High School

A+
Public|Grades 9–12
1034 N Wells St|1.85 Miles Away

Jones College Preparatory High School

A
Public|Grades 9–12
700 S State St|1.99 Miles Away

Immaculate Conception School

--
Private|Grades PK–8
363 W Hill St|2.03 Miles Away

Latin School of Chicago Lower

--
Private|Grades PK–12
1531 N Dearborn Pk...|2.14 Miles Away

Franklin Elementary Fine Arts Center

C
Public|Grades KG–8
225 W Evergreen Av...|2.15 Miles Away

South Loop Montessori School

--
Private|Grades PK–3
47 W Polk St Ste G...|2.17 Miles Away

Catherine Cook School

--
Private|Grades PK–8
226 W Schiller St|2.22 Miles Away

Lincoln Park Preschool and Kindergarten

--
Private|Grades PK–KG
108 W Germania Pl|2.24 Miles Away

Frances Xavier Warde School

--
Private|Grades PK–8
120 S Desplaines S...|2.46 Miles Away

Manierre Elementary School

F
Public|Grades PK–8
1420 N Hudson Ave|2.46 Miles Away

Skinner North Elementary School

A
Public|Grades KG–8
640 W Scott St|2.57 Miles Away

South Loop Elementary School

B
Public|Grades PK–8
1212 S Plymouth Ct|2.57 Miles Away

Transit

Experience convenience and connectivity with premium transit options just moments away.

Chicago & Fairbanks

0.75 miles away|15 min walk

Chestnut & Lake Shore Drive

0.77 miles away|15 min walk

Chicago & Mies Van Der Rohe

0.82 miles away|16 min walk

Chestnut & Mies Van Der Rohe

0.97 miles away|19 min walk

Chicago & Michigan

0.97 miles away|19 min walk

AM Michigan & Randolph (Chicago)

1.07 miles away|21 min walk
Next

Transit

Chicago & Fairbanks

0.75 miles away|15 min walk

Chestnut & Lake Shore Drive

0.77 miles away|15 min walk

Chicago & Mies Van Der Rohe

0.82 miles away|16 min walk

Chestnut & Mies Van Der Rohe

0.97 miles away|19 min walk

Chicago & Michigan

0.97 miles away|19 min walk

AM Michigan & Randolph (Chicago)

1.07 miles away|21 min walk

Chicago & State (Red Line)

1.18 miles away|23 min walk

Chicago (Red)

1.2 miles away|23 min walk

Chicago-Red

1.2 miles away|23 min walk

Chicago & Clark

1.37 miles away|27 min walk

Clark & Chicago

1.41 miles away|27 min walk

321 N LaSalle

1.41 miles away|28 min walk

320 N LaSalle

1.44 miles away|28 min walk

Adams & Wabash

1.45 miles away|28 min walk

Clark & Chestnut

1.45 miles away|28 min walk

Adams/Wabash

1.46 miles away|29 min walk

Chicago & LaSalle

1.5 miles away|29 min walk

Clark & Delaware

1.51 miles away|29 min walk

Adams & State

1.56 miles away|30 min walk

Chicago & Franklin (Brown line)

1.68 miles away|33 min walk

Chicago-Brown

1.71 miles away|33 min walk

Chicago (Brown/Purple)

1.71 miles away|33 min walk

Adams & Clark

1.71 miles away|33 min walk

Clark & Adams

1.73 miles away|34 min walk

Clark/Division

1.75 miles away|34 min walk

Clark/Division - NE corner

1.76 miles away|34 min walk

Balbo & Columbus

1.8 miles away|35 min walk

Clark/Division (LaSalle/Division SE corner elevator)

1.82 miles away|35 min walk

350 S. Clark Street (Chicago)

1.83 miles away|36 min walk

Adams & Wells

1.88 miles away|36 min walk

Balbo & Michigan

1.88 miles away|36 min walk

Chicago & Hudson

1.96 miles away|38 min walk

Balbo & State

2 miles away|39 min walk

311 W Division

2 miles away|39 min walk

Canal & Randolph

2.01 miles away|39 min walk

Adams & S. Wacker

2.02 miles away|39 min walk

300 W Division

2.04 miles away|40 min walk

Canal & Randolph/Washington

2.05 miles away|40 min walk

333 S Franklin Street (Chicago)

2.07 miles away|40 min walk

Canal & Madison

2.08 miles away|40 min walk

530 W Grand

2.11 miles away|41 min walk

Clark & Burton

2.12 miles away|41 min walk

1100 S Columbus (Pedestrian Underpass)

2.13 miles away|41 min walk

Chicago OTC

2.14 miles away|41 min walk

Chicago & Larrabee

2.15 miles away|42 min walk

Chicago Union Station

2.18 miles away|42 min walk

Adams & Canal

2.19 miles away|42 min walk

700 W Chicago

2.39 miles away|46 min walk

Chicago & Halsted

2.46 miles away|48 min walk

Clark & 11th Place

2.47 miles away|48 min walk

The Neighbourhood: 505 N Lake Shore Dr

Streeterville, located in the heart of Chicago, is a vibrant neighborhood known for its modern skyscrapers and stunning lakefront views. The area boasts an array of attractions, including Navy Pier and the Museum of Contemporary Art. Fine dining and luxury shopping are abundant along the Magnificent Mile, offering a dynamic urban lifestyle. Residents enjoy easy access to Lake Michigan's beautiful beaches and waterfront parks. Commuting is seamless, with excellent public transportation links and close proximity to major expressways.

Next

Neighbourhood Description

Streeterville, located in the heart of Chicago, is a vibrant neighborhood known for its modern skyscrapers and stunning lakefront views. The area boasts an array of attractions, including Navy Pier and the Museum of Contemporary Art. Fine dining and luxury shopping are abundant along the Magnificent Mile, offering a dynamic urban lifestyle. Residents enjoy easy access to Lake Michigan's beautiful beaches and waterfront parks. Commuting is seamless, with excellent public transportation links and close proximity to major expressways.

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505 N Lake Shore Dr Demographics

Age Demographics

0–14 Years

4.88%

15–29 Years

30.86%

30–44 Years

26.15%

45–59 Years

15.02%

60+ Years

23.09%

Commute

16.35%

Transit

34.24%

Walk

23.54%

Drive

1.53%

Bike

Housing Ownership

40.17%

Owner Occupied

59.83%

Rental Units

Household Types

Single Family
6.01%
Multi Family
0.55%
Single Person
57.04%
Multi Person
42.96%

Average Income

Household:$12,529,771.06 /yr

Individual:$12,167,006.26 /yr

Education

Bachelors Degree40.47%
High School College3.21%
Diploma2.02%
Post Graduate47.04%
Others7.26%
Next

Education

Diploma2.02%
Post Graduate47.04%
Others7.26%
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    505 N Lake Shore Dr
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600026007360089
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