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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, 60611

YEAR BUILT

1968

# STORIES

109

# TOTAL UNITS

406

UNIT SIZE RANGE

706-6,160 sqft

Description

The building at 505 N Lake Shore Drive stands tall at 109 stories in Chicago. It features 397 units with sizes ranging from 706 to 6,160 square feet. Constructed in 1968, this high-rise provides striking views of Lake Michigan, making it an attractive spot for both relaxation and enjoyment. Prices for units vary significantly. They range from $2,150,000 to $2,761,500. That averages to about $429 per square foot. The building’s average selling price remains around $664,129. It also has a solid market presence with an average time on the market of 88 days. Living here comes with many amenities. A 24-hour doorman greets residents while an outdoor pool and an indoor pool offer spaces to unwind. The health club is state-of-the-art, and there are saunas for relaxation. Walking paths and BBQ areas add to the outdoor enjoyment. Convenience abounds with various features, including a business center and community room for gatherings. The building is pet-friendly, welcoming all furry friends. A private 2.5-acre park is available for leisure, adding a touch of nature in the city. Local attractions enhance the experience of living here. The building is near Navy Pier, a favorite spot for entertainment and dining. Michigan Avenue is just around the corner, filled with shopping and restaurants. The area around the building has places like J's Fish Turkey and Chicken, Margarita Casa, and a school named James Feldman Associates Inc. This high-rise building provides a vibrant lifestyle in a prime location. Its blend of amenities, views, and nearby businesses makes it an appealing choice for those looking to enjoy urban living.

Building ImageMLS ID #12559572
Building ImageMLS ID #12532092
Building Image
Building ImageView Listing

505 N Lake Shore Dr

505 N Lake Shore Dr, Chicago, IL, 60611

YEAR BUILT

1968

# STORIES

109

# TOTAL UNITS

406

UNIT SIZE RANGE

706-6,160 sqft

Description

The building at 505 N Lake Shore Drive stands tall at 109 stories in Chicago. It features 397 units with sizes ranging from 706 to 6,160 square feet. Constructed in 1968, this high-rise provides striking views of Lake Michigan, making it an attractive spot for both relaxation and enjoyment. Prices for units vary significantly. They range from $2,150,000 to $2,761,500. That averages to about $429 per square foot. The building’s average selling price remains around $664,129. It also has a solid market presence with an average time on the market of 88 days. Living here comes with many amenities. A 24-hour doorman greets residents while an outdoor pool and an indoor pool offer spaces to unwind. The health club is state-of-the-art, and there are saunas for relaxation. Walking paths and BBQ areas add to the outdoor enjoyment. Convenience abounds with various features, including a business center and community room for gatherings. The building is pet-friendly, welcoming all furry friends. A private 2.5-acre park is available for leisure, adding a touch of nature in the city. Local attractions enhance the experience of living here. The building is near Navy Pier, a favorite spot for entertainment and dining. Michigan Avenue is just around the corner, filled with shopping and restaurants. The area around the building has places like J's Fish Turkey and Chicken, Margarita Casa, and a school named James Feldman Associates Inc. This high-rise building provides a vibrant lifestyle in a prime location. Its blend of amenities, views, and nearby businesses makes it an appealing choice for those looking to enjoy urban living.

Next

Description

The building at 505 N Lake Shore Drive stands tall at 109 stories in Chicago. It features 397 units with sizes ranging from 706 to 6,160 square feet. Constructed in 1968, this high-rise provides striking views of Lake Michigan, making it an attractive spot for both relaxation and enjoyment. Prices for units vary significantly. They range from $2,150,000 to $2,761,500. That averages to about $429 per square foot. The building’s average selling price remains around $664,129. It also has a solid market presence with an average time on the market of 88 days. Living here comes with many amenities. A 24-hour doorman greets residents while an outdoor pool and an indoor pool offer spaces to unwind. The health club is state-of-the-art, and there are saunas for relaxation. Walking paths and BBQ areas add to the outdoor enjoyment. Convenience abounds with various features, including a business center and community room for gatherings. The building is pet-friendly, welcoming all furry friends. A private 2.5-acre park is available for leisure, adding a touch of nature in the city. Local attractions enhance the experience of living here. The building is near Navy Pier, a favorite spot for entertainment and dining. Michigan Avenue is just around the corner, filled with shopping and restaurants. The area around the building has places like J's Fish Turkey and Chicken, Margarita Casa, and a school named James Feldman Associates Inc. This high-rise building provides a vibrant lifestyle in a prime location. Its blend of amenities, views, and nearby businesses makes it an appealing choice for those looking to enjoy urban living.

505 N Lake Shore Dr Key Stats Last 12 months

Avg. Listed Price$751,903($447/Sqft.)
Avg. Sale Price$681,025($434/Sqft.)
Year over year list priceUp Arrow14.94%
Year over year sale priceUp Arrow 12.38%
Total Listings42 Listed
Total sold40 Sold
Average Days on Market88 days
Average HOA fees per sqft$2 /monthly
Next

Key Stats

Year over year list priceUp Arrow14.94%
Year over year sale priceUp Arrow12.38%
Total Listings42 Listed
Total sold40 Sold
Average Days on Market88 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 4610-11-124610-11-124300432772022-05-02
MLS#: 11172075 		Closed$2,761,500
Unit 6110-116110-11365044692019-08-28
MLS#: 10424158 		Closed$1,800,000
Unit 64066406360053262008-06-17
MLS#: 06904386 		Closed$2,150,000
Unit 4610-11-12
4610-11-12

4 Beds

3 Baths

4300 sqft

DateStatusPrice
2022-05-02Closed$2,761,500
MLS#: 11172075
Days On Market277
Unit 6110-11
6110-11

4 Beds

4 Baths

3650 sqft

DateStatusPrice
2019-08-28Closed$1,800,000
MLS#: 10424158
Days On Market69
Unit 6406
6406

5 Beds

3 Baths

3600 sqft

DateStatusPrice
2008-06-17Closed$2,150,000
MLS#: 06904386
Days On Market26
View Complete Unit Listing HistorySource By: MRED

Amenities

The amenity list here reads like a resort and a city club rolled together, with both indoor and outdoor options to suit different moods. You’ll find indoor and private pools, a sundeck, spa and hot tub, steam room and sauna for decompressing after work, and outdoor areas including a patio, picnic area and park-like spaces. Fitness and activity lovers will appreciate the exercise room, health club, tennis courts and even nearby trails and golf course access. Practical conveniences include elevators, service elevators, a receiving room, valet and cleaners, a business center, a restaurant, and private laundry hookups to make everyday life smoother.

Next

Amenities Description

The amenity list here reads like a resort and a city club rolled together, with both indoor and outdoor options to suit different moods. You’ll find indoor and private pools, a sundeck, spa and hot tub, steam room and sauna for decompressing after work, and outdoor areas including a patio, picnic area and park-like spaces. Fitness and activity lovers will appreciate the exercise room, health club, tennis courts and even nearby trails and golf course access. Practical conveniences include elevators, service elevators, a receiving room, valet and cleaners, a business center, a restaurant, and private laundry hookups to make everyday life smoother.

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

Water View

Water View

Elevator(s)

Elevator(s)

Exercise Room

Exercise Room

Health Club

Health Club

Pool

Pool

In Ground Pool

In Ground Pool

Private Inground Pool

Private Inground Pool

Private Indoor Pool

Private Indoor Pool

Indoor Pool

Indoor Pool

Door Person

Door Person

Security

Security

Security Door Lock(s)

Security Door Lock(s)

Laundry

Laundry

Coin Laundry

Coin Laundry

Private Laundry Hkup

Private Laundry Hkup

Tennis Court(s)

Tennis Court(s)

Sundeck

Sundeck

Patio

Patio

Receiving Room

Receiving Room

Spa/Hot Tub

Spa/Hot Tub

Steam Room

Steam Room

Sauna

Sauna

Picnic Area

Picnic Area

Clubhouse

Clubhouse

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)

High Speed Conn.

High Speed Conn.

Balcony

Balcony

Valet

Valet

Fire Pit

Fire Pit

Privacy Fence

Privacy Fence

Policies

The building does have a set of policies to keep community life running smoothly, and those include a number limit and a deposit required for certain situations. Pet owners should note there is additional pet rent and a size limit, though both cats and dogs are allowed. The rules are something to review closely if you plan to bring a pet or have particular needs, and the community expects residents to follow these guidelines. One of the listed policy entries appears simply as No, which is included in the building’s policy record.

Next

Amenities Description

The building does have a set of policies to keep community life running smoothly, and those include a number limit and a deposit required for certain situations. Pet owners should note there is additional pet rent and a size limit, though both cats and dogs are allowed. The rules are something to review closely if you plan to bring a pet or have particular needs, and the community expects residents to follow these guidelines. One of the listed policy entries appears simply as No, which is included in the building’s policy record.

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$434/sqft.$2 /sqft.
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.

Nearby Schools

505 N Lake Shore Dr is located in Streeterville, Chicago, with 21+ schools available within a 2-mile radius. Families benefit from convenient access to nearby educational institutions supporting daily routines. Short travel distances help reduce commute time for students. This education-friendly location enhances overall community appeal.

Gems World Academy Chicago

--
Private|Grades PK–11
350 E South Water ...|0.46 miles away

Yccs-Innovations of Arts Integr High School

--
Public|Grades 9–12
17 N State St|0.99 miles away

Noble St Charter-Muchin College Preparatory

A+
Public|Grades 9–12
1 N State St|0.99 miles away

Ogden Elementary School

D+
Public|Grades KG–8
24 W Walton St|1.05 miles away

Intrinsic 2 Charter High School

--
Public|Grades 9–12
79 W Monroe St Ste...|1.2 miles away

Urban Preparatory West Charter School

--
Public|Grades 9–12
425 S Wabash Ave|1.25 miles away
Next

Schools

arrow rightWhat to know about schoolsarrow right
Next

Description

505 N Lake Shore Dr is located in Streeterville, Chicago, with 21+ schools available within a 2-mile radius. Families benefit from convenient access to nearby educational institutions supporting daily routines. Short travel distances help reduce commute time for students. This education-friendly location enhances overall community appeal.

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|Less than 1 Mile Away

Noble St Charter-Muchin College Preparatory

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

Ogden Elementary School

D+
Public|Grades KG–8
24 W Walton St|1.05 Miles Away

Intrinsic 2 Charter High School

--
Public|Grades 9–12
79 W Monroe St Ste...|1.20 Miles Away

Urban Preparatory West Charter School

--
Public|Grades 9–12
425 S Wabash Ave|1.25 Miles Away

Salazar Elementary Bilingual Center

C-
Public|Grades PK–8
160 W Wendell St|1.31 Miles Away

Cornerstone Academy

--
Private|Grades 9–12
1111 N Wells St St...|1.36 Miles Away

Payton College Preparatory High School

A+
Public|Grades 9–12
1034 N Wells St|1.37 Miles Away

Jones College Preparatory High School

A
Public|Grades 9–12
700 S State St|1.48 Miles Away

Immaculate Conception School

--
Private|Grades PK–8
363 W Hill St|1.51 Miles Away

Latin School of Chicago Lower

--
Private|Grades PK–12
1531 N Dearborn Pk...|1.59 Miles Away

Franklin Elementary Fine Arts Center

C
Public|Grades KG–8
225 W Evergreen Av...|1.60 Miles Away

South Loop Montessori School

--
Private|Grades PK–3
47 W Polk St Ste G...|1.62 Miles Away

Catherine Cook School

--
Private|Grades PK–8
226 W Schiller St|1.65 Miles Away

Lincoln Park Preschool and Kindergarten

--
Private|Grades PK–KG
108 W Germania Pl|1.67 Miles Away

Manierre Elementary School

F
Public|Grades PK–8
1420 N Hudson Ave|1.83 Miles Away

Frances Xavier Warde School

--
Private|Grades PK–8
120 S Desplaines S...|1.83 Miles Away

Skinner North Elementary School

A
Public|Grades KG–8
640 W Scott St|1.91 Miles Away

South Loop Elementary School

B
Public|Grades PK–8
1212 S Plymouth Ct|1.91 Miles Away

Jenner Elementary Academy of the Arts

--
Public|Grades PK–8
|2.00 Miles Away

Transit

With nearby public transportation, 505 N Lake Shore Dr offers strong connectivity across Chicago. Access to Bus, Metro, Rail within a 2-mile radius supports efficient commuting. Reliable transit routes improve travel convenience for residents. This location provides practical urban accessibility.

1100 S Columbus (Pedestrian Underpass)

1.58 miles away|31 min walk

300 W Division

1.52 miles away|30 min walk

311 W Division

1.49 miles away|29 min walk

320 N LaSalle

1.07 miles away|21 min walk

321 N LaSalle

1.05 miles away|21 min walk

333 S Franklin Street (Chicago)

1.54 miles away|30 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

With nearby public transportation, 505 N Lake Shore Dr offers strong connectivity across Chicago. Access to Bus, Metro, Rail within a 2-mile radius supports efficient commuting. Reliable transit routes improve travel convenience for residents. This location provides practical urban accessibility.

1100 S Columbus (Pedestrian Underpass)

1.58 miles away|31 min walk

300 W Division

1.52 miles away|30 min walk

311 W Division

1.49 miles away|29 min walk

320 N LaSalle

1.07 miles away|21 min walk

321 N LaSalle

1.05 miles away|21 min walk

333 S Franklin Street (Chicago)

1.54 miles away|30 min walk

350 S. Clark Street (Chicago)

1.36 miles away|27 min walk

530 W Grand

1.57 miles away|31 min walk

700 W Chicago

1.78 miles away|35 min walk

Adams & Canal

1.63 miles away|32 min walk

Adams & Clark

1.28 miles away|25 min walk

Adams & State

1.16 miles away|23 min walk

Adams & S. Wacker

1.5 miles away|29 min walk

Adams & Wabash

1.08 miles away|21 min walk

Adams/Wabash

1.09 miles away|21 min walk

Adams & Wells

1.4 miles away|27 min walk

AM Michigan & Randolph (Chicago)

0.79 miles away|16 min walk

Balbo & Columbus

1.34 miles away|26 min walk

Balbo & Michigan

1.4 miles away|27 min walk

Balbo & State

1.49 miles away|29 min walk

Canal & Madison

1.55 miles away|30 min walk

Canal & Randolph

1.5 miles away|29 min walk

Canal & Randolph/Washington

1.52 miles away|30 min walk

Chestnut & Lake Shore Drive

0.57 miles away|11 min walk

Chestnut & Mies Van Der Rohe

0.72 miles away|14 min walk

Chicago-Brown

1.27 miles away|25 min walk

Chicago (Brown/Purple)

1.27 miles away|25 min walk

Chicago & Clark

1.02 miles away|20 min walk

Chicago & Fairbanks

0.56 miles away|11 min walk

Chicago & Franklin (Brown line)

1.25 miles away|24 min walk

Chicago & Halsted

1.83 miles away|36 min walk

Chicago & Hudson

1.46 miles away|28 min walk

Chicago & Larrabee

1.6 miles away|31 min walk

Chicago & LaSalle

1.12 miles away|22 min walk

Chicago & Michigan

0.72 miles away|14 min walk

Chicago & Mies Van Der Rohe

0.61 miles away|12 min walk

Chicago OTC

1.59 miles away|31 min walk

Chicago (Red)

0.89 miles away|18 min walk

Chicago-Red

0.89 miles away|18 min walk

Chicago & State (Red Line)

0.88 miles away|17 min walk

Chicago Union Station

1.62 miles away|32 min walk

Clark & 11th Place

1.84 miles away|36 min walk

Clark & Adams

1.29 miles away|25 min walk

Clark & Burton

1.58 miles away|31 min walk

Clark & Chestnut

1.08 miles away|21 min walk

Clark & Chicago

1.05 miles away|21 min walk

Clark & Delaware

1.12 miles away|22 min walk

Clark/Division

1.31 miles away|26 min walk

Clark/Division (LaSalle/Division SE corner elevator)

1.36 miles away|26 min walk

Clark/Division - NE corner

1.31 miles away|26 min walk

The Neighbourhood: Streeterville

Streeterville sits on the Near North Side of Chicago near Lake Michigan. Navy Pier hosts the Centennial Wheel and a small amusement area. Chicago Children's Museum sits at Navy Pier and draws many families. Oak Street Beach offers sand, views, and lake access. Millennium Park displays public art like Cloud Gate and offers green space. The Chicago Riverwalk provides walking paths and boat access. Restaurants like Giordano's and Eataly serve pizza and Italian food to locals and visitors. Joe's Seafood and RPM Seafood serve seafood. Bars such as Howl at the Moon and the Signature Room at the 95th offer nightlife and city views. CTA Red Line trains and CTA buses move riders through the area. The Chicago Water Taxi connects Navy Pier to stops along the river. Metra trains provide commuter service to downtown stations. Small shops and offices fill many blocks and provide daily needs. Parks and paths attract joggers, tourists, and workers in warm months. This district shows a mix of high-rise apartments, hotels, and tourist venues. Data shows that the most common age group falls between 25 to 29 years old and that one-person households make up the largest share of residents.

Next

Neighbourhood Description

Streeterville sits on the Near North Side of Chicago near Lake Michigan. Navy Pier hosts the Centennial Wheel and a small amusement area. Chicago Children's Museum sits at Navy Pier and draws many families. Oak Street Beach offers sand, views, and lake access. Millennium Park displays public art like Cloud Gate and offers green space. The Chicago Riverwalk provides walking paths and boat access. Restaurants like Giordano's and Eataly serve pizza and Italian food to locals and visitors. Joe's Seafood and RPM Seafood serve seafood. Bars such as Howl at the Moon and the Signature Room at the 95th offer nightlife and city views. CTA Red Line trains and CTA buses move riders through the area. The Chicago Water Taxi connects Navy Pier to stops along the river. Metra trains provide commuter service to downtown stations. Small shops and offices fill many blocks and provide daily needs. Parks and paths attract joggers, tourists, and workers in warm months. This district shows a mix of high-rise apartments, hotels, and tourist venues. Data shows that the most common age group falls between 25 to 29 years old and that one-person households make up the largest share of residents.

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505 N Lake Shore Dr Demographics

Age Demographics

0–14 Years

4.88%

15–29 Years

30.87%

30–44 Years

26.15%

45–59 Years

15.02%

60+ Years

23.08%

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:$12,529,409.36 /yr

Individual:$12,166,495.88 /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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Atlanta, GA 30339
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Berkshire Hathaway Starck Real Estate

Paul Ambrogio

Serving Chicago and all of Northern IL

13300 IL RT 47

Huntley, Illinois 60142

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EmailIConpaul@illinoispropertysearch.com
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