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  3. Chicago, IL
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  5. 540 N Lake Shore Dr
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540 N Lake Shore Dr

540 N Lake Shore Dr, Chicago, IL, 60611

YEAR BUILT

1912

# STORIES

7

# TOTAL UNITS

63

UNIT SIZE RANGE

713-3,400 sqft

Description

The building is located at 540 N Lake Shore Drive in Chicago. This high-rise structure has 7 stories and contains 63 units. It was built in 1912 and offers a classic charm with modern amenities. Residents enjoy beautiful views of the water. Unit sizes range from 713 to 3,400 square feet. Prices for these units vary from $550,000 to $750,000. The average price per square foot is around $346, and the lowest sold price in the last year was about $390,000. This gives future homeowners some solid options. Living here provides great amenities. The property includes a fitness center, a rooftop deck, and a party room. There is also valet service, which adds to the overall ease of life. The building has a 24-hour door staff to ensure safety and convenience. The area is vibrant and lively. It's steps away from the beach and the Lakefront Trail, perfect for outdoor lovers. Nearby businesses include J's Fish Turkey and Chicken for a casual meal and Margarita Casa for dining out. James Feldman Associates Inc is also in the neighborhood for those with school-age children. Average days on market for this building stand at 44 days, allowing time for buyers to make decisions. Easy access to Lake Shore Drive makes getting around the city simple. This location balances city life with the relaxing presence of the lake.

Building ImageMLS ID #12277969
Building ImageView Listing

540 N Lake Shore Dr

540 N Lake Shore Dr, Chicago, IL, 60611

YEAR BUILT

1912

# STORIES

7

# TOTAL UNITS

63

UNIT SIZE RANGE

713-3,400 sqft

Description

The building is located at 540 N Lake Shore Drive in Chicago. This high-rise structure has 7 stories and contains 63 units. It was built in 1912 and offers a classic charm with modern amenities. Residents enjoy beautiful views of the water. Unit sizes range from 713 to 3,400 square feet. Prices for these units vary from $550,000 to $750,000. The average price per square foot is around $346, and the lowest sold price in the last year was about $390,000. This gives future homeowners some solid options. Living here provides great amenities. The property includes a fitness center, a rooftop deck, and a party room. There is also valet service, which adds to the overall ease of life. The building has a 24-hour door staff to ensure safety and convenience. The area is vibrant and lively. It's steps away from the beach and the Lakefront Trail, perfect for outdoor lovers. Nearby businesses include J's Fish Turkey and Chicken for a casual meal and Margarita Casa for dining out. James Feldman Associates Inc is also in the neighborhood for those with school-age children. Average days on market for this building stand at 44 days, allowing time for buyers to make decisions. Easy access to Lake Shore Drive makes getting around the city simple. This location balances city life with the relaxing presence of the lake.

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Description

The building is located at 540 N Lake Shore Drive in Chicago. This high-rise structure has 7 stories and contains 63 units. It was built in 1912 and offers a classic charm with modern amenities. Residents enjoy beautiful views of the water. Unit sizes range from 713 to 3,400 square feet. Prices for these units vary from $550,000 to $750,000. The average price per square foot is around $346, and the lowest sold price in the last year was about $390,000. This gives future homeowners some solid options. Living here provides great amenities. The property includes a fitness center, a rooftop deck, and a party room. There is also valet service, which adds to the overall ease of life. The building has a 24-hour door staff to ensure safety and convenience. The area is vibrant and lively. It's steps away from the beach and the Lakefront Trail, perfect for outdoor lovers. Nearby businesses include J's Fish Turkey and Chicken for a casual meal and Margarita Casa for dining out. James Feldman Associates Inc is also in the neighborhood for those with school-age children. Average days on market for this building stand at 44 days, allowing time for buyers to make decisions. Easy access to Lake Shore Drive makes getting around the city simple. This location balances city life with the relaxing presence of the lake.

540 N Lake Shore Dr Market Stats Last 12 months

Avg. Listed Price$675,000($318/Sqft.)
Avg. Sale Price$390,000($346/Sqft.)
Year over year list priceUp Arrow175.51%
Year over year sale priceUp Arrow 69.57%
Total Listings2 Listed
Total sold1 Sold
Average Days on Market44 days
Average HOA fees per sqft$2 /monthly
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Market Stats

Year over year list priceUp Arrow175.51%
Year over year sale priceUp Arrow69.57%
Total Listings2 Listed
Total sold1 Sold
Average Days on Market44 days
Average HOA fees per sqft$2 /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

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

540 N Lake Shore Dr Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 704704155032942015-06-12
MLS#: 08857016 		Closed$550,000
Unit 718-719718-7192520221812014-02-04
MLS#: 08415088 		Closed$750,000
Unit 4114112000223122008-07-21
MLS#: 06671416 		Closed$522,000
Unit 411
411

2 Beds

2 Baths

2000 sqft

DateStatusPrice
2008-07-21Closed$522,000
MLS#: 06671416
Days On Market312
Unit 704
704

3 Beds

2 Baths

1550 sqft

DateStatusPrice
2015-06-12Closed$550,000
MLS#: 08857016
Days On Market94
Unit 718-719
718-719

2 Beds

2 Baths

2520 sqft

DateStatusPrice
2014-02-04Closed$750,000
MLS#: 08415088
Days On Market181
View Complete Unit Listing HistorySource By: MRED

Amenities

Living at 540 N Lake Shore Dr comes with a delightful array of amenities. Picture yourself unwinding in the health club after a long day or soaking up the sun on the sundeck with friends. If fitness is a priority, the exercise room is ready for your morning workouts. Need to host a get-together? The party room is the perfect spot for gatherings. Other conveniences include a bike room for the cycling enthusiasts, service elevators, and valet services to make life just a bit easier. These amenities enhance your lifestyle and provide added comfort within your future home!

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Amenities Description

Living at 540 N Lake Shore Dr comes with a delightful array of amenities. Picture yourself unwinding in the health club after a long day or soaking up the sun on the sundeck with friends. If fitness is a priority, the exercise room is ready for your morning workouts. Need to host a get-together? The party room is the perfect spot for gatherings. Other conveniences include a bike room for the cycling enthusiasts, service elevators, and valet services to make life just a bit easier. These amenities enhance your lifestyle and provide added comfort within your future home!

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

Health Club

Health Club

Door Person

Door Person

Security Door Lock(s)

Security Door Lock(s)

Coin Laundry

Coin Laundry

Sundeck

Sundeck

Receiving Room

Receiving Room

Bike Room/Bike Trails

Bike Room/Bike Trails

Party Room

Party Room

Storage

Storage

Service Elevator(s)

Service Elevator(s)

Policies

A welcoming environment encourages furry friends too! At 540 N Lake Shore Dr, cats and small dogs are allowed, so your pet can share in the fun of your new space. Keep in mind there are certain limits in place regarding the number of pets, ensuring the community stays balanced and comfortable for all residents.

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

Nearby Schools

Discover top-rated schools located close to 540 N Lake Shore Dr.

Gems World Academy Chicago

--
Private|Grades PK–11
350 E South Water ...|0.63 miles away

Yccs-Innovations of Arts Integr High School

--
Public|Grades 9–12
17 N State St|1.32 miles away

Noble St Charter-Muchin College Preparatory

A+
Public|Grades 9–12
1 N State St|1.33 miles away

Ogden Elementary School

D+
Public|Grades KG–8
24 W Walton St|1.34 miles away

Intrinsic 2 Charter High School

--
Public|Grades 9–12
79 W Monroe St Ste...|1.61 miles away

Salazar Elementary Bilingual Center

C-
Public|Grades PK–8
160 W Wendell St|1.69 miles away
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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|1.32 Miles Away

Noble St Charter-Muchin College Preparatory

A+
Public|Grades 9–12
1 N State St|1.33 Miles Away

Ogden Elementary School

D+
Public|Grades KG–8
24 W Walton St|1.34 Miles Away

Intrinsic 2 Charter High School

--
Public|Grades 9–12
79 W Monroe St Ste...|1.61 Miles Away

Salazar Elementary Bilingual Center

C-
Public|Grades PK–8
160 W Wendell St|1.69 Miles Away

Urban Preparatory West Charter School

--
Public|Grades 9–12
425 S Wabash Ave|1.69 Miles Away

Cornerstone Academy

--
Private|Grades 9–12
1111 N Wells St St...|1.76 Miles Away

Payton College Preparatory High School

A+
Public|Grades 9–12
1034 N Wells St|1.77 Miles Away

Immaculate Conception School

--
Private|Grades PK–8
363 W Hill St|1.96 Miles Away

Jones College Preparatory High School

A
Public|Grades 9–12
700 S State St|2.01 Miles Away

Latin School of Chicago Lower

--
Private|Grades PK–12
1531 N Dearborn Pk...|2.06 Miles Away

Franklin Elementary Fine Arts Center

C
Public|Grades KG–8
225 W Evergreen Av...|2.08 Miles Away

Catherine Cook School

--
Private|Grades PK–8
226 W Schiller St|2.15 Miles Away

Lincoln Park Preschool and Kindergarten

--
Private|Grades PK–KG
108 W Germania Pl|2.17 Miles Away

South Loop Montessori School

--
Private|Grades PK–3
47 W Polk St Ste G...|2.19 Miles Away

Manierre Elementary School

F
Public|Grades PK–8
1420 N Hudson Ave|2.38 Miles Away

Frances Xavier Warde School

--
Private|Grades PK–8
120 S Desplaines S...|2.43 Miles Away

Skinner North Elementary School

A
Public|Grades KG–8
640 W Scott St|2.49 Miles Away

South Loop Elementary School

B
Public|Grades PK–8
1212 S Plymouth Ct|2.60 Miles Away

Jenner Elementary Academy of the Arts

--
Public|Grades PK–8
|2.61 Miles Away

Skinner Elementary School

A
Public|Grades PK–5
111 S Throop St|2.64 Miles Away

Cics - Quest North Campus

F
Public|Grades 9–12
1443 N Ogden Ave|2.64 Miles Away

Lasalle Elementary Language Academy

B+
Public|Grades KG–8
1734 N Orleans St|2.65 Miles Away

Noble St Charter-the Noble Academy

A
Public|Grades 9–12
1443 N Ogden Ave|2.66 Miles Away

Transit

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

Chicago & Fairbanks

0.67 miles away|13 min walk

Chestnut & Lake Shore Drive

0.7 miles away|14 min walk

Chicago & Mies Van Der Rohe

0.74 miles away|15 min walk

Chestnut & Mies Van Der Rohe

0.89 miles away|18 min walk

Chicago & Michigan

0.9 miles away|18 min walk

AM Michigan & Randolph (Chicago)

1.06 miles away|21 min walk
Next

Transit

Chicago & Fairbanks

0.67 miles away|13 min walk

Chestnut & Lake Shore Drive

0.7 miles away|14 min walk

Chicago & Mies Van Der Rohe

0.74 miles away|15 min walk

Chestnut & Mies Van Der Rohe

0.89 miles away|18 min walk

Chicago & Michigan

0.9 miles away|18 min walk

AM Michigan & Randolph (Chicago)

1.06 miles away|21 min walk

Chicago & State (Red Line)

1.11 miles away|22 min walk

Chicago (Red)

1.13 miles away|22 min walk

Chicago-Red

1.13 miles away|22 min walk

Chicago & Clark

1.3 miles away|25 min walk

Clark & Chicago

1.34 miles away|26 min walk

321 N LaSalle

1.37 miles away|27 min walk

Clark & Chestnut

1.38 miles away|27 min walk

320 N LaSalle

1.4 miles away|27 min walk

Chicago & LaSalle

1.44 miles away|28 min walk

Clark & Delaware

1.44 miles away|28 min walk

Adams & Wabash

1.46 miles away|28 min walk

Adams/Wabash

1.47 miles away|29 min walk

Adams & State

1.56 miles away|30 min walk

Chicago & Franklin (Brown line)

1.61 miles away|31 min walk

Chicago-Brown

1.64 miles away|32 min walk

Chicago (Brown/Purple)

1.64 miles away|32 min walk

Clark/Division

1.68 miles away|33 min walk

Adams & Clark

1.71 miles away|33 min walk

Clark & Adams

1.72 miles away|34 min walk

Clark/Division (LaSalle/Division SE corner elevator)

1.75 miles away|34 min walk

Balbo & Columbus

1.83 miles away|36 min walk

350 S. Clark Street (Chicago)

1.83 miles away|36 min walk

Adams & Wells

1.87 miles away|36 min walk

Chicago & Hudson

1.89 miles away|37 min walk

Balbo & Michigan

1.9 miles away|37 min walk

311 W Division

1.92 miles away|37 min walk

300 W Division

1.96 miles away|38 min walk

Canal & Randolph

1.98 miles away|38 min walk

Adams & S. Wacker

2 miles away|39 min walk

Canal & Randolph/Washington

2.02 miles away|39 min walk

Balbo & State

2.02 miles away|39 min walk

Clark & Burton

2.05 miles away|40 min walk

Canal & Madison

2.06 miles away|40 min walk

530 W Grand

2.06 miles away|40 min walk

333 S Franklin Street (Chicago)

2.06 miles away|40 min walk

Chicago & Larrabee

2.09 miles away|40 min walk

Chicago OTC

2.11 miles away|41 min walk

Chicago Union Station

2.16 miles away|42 min walk

1100 S Columbus (Pedestrian Underpass)

2.17 miles away|42 min walk

Adams & Canal

2.17 miles away|42 min walk

700 W Chicago

2.32 miles away|45 min walk

Chicago & Halsted

2.4 miles away|46 min walk

Clark & 11th Place

2.49 miles away|48 min walk

Chicago & Sangamon

2.67 miles away|52 min walk

The Neighbourhood: 540 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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540 N Lake Shore Dr Demographics

Age Demographics

0–14 Years

4.89%

15–29 Years

31.3%

30–44 Years

26.17%

45–59 Years

14.93%

60+ Years

22.71%

Commute

16.5%

Transit

34.32%

Walk

23.11%

Drive

1.56%

Bike

Housing Ownership

39.84%

Owner Occupied

60.16%

Rental Units

Household Types

Single Family
6.05%
Multi Family
0.54%
Single Person
57.31%
Multi Person
42.69%

Average Income

Household:$12,443,923.78 /yr

Individual:$12,124,763.82 /yr

Education

Bachelors Degree40.72%
High School College3.25%
Diploma2%
Post Graduate46.56%
Others7.45%
Next

Education

Diploma2%
Post Graduate46.56%
Others7.45%
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    540 N Lake Shore Dr
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