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About this home
Rich in scale, history and presentation, this prewar duplex penthouse in the Gold Coast is in a real estate echelon all its own. Perched atop the luxe co-op residences at 1500 N. Lake Shore Dr., encompassing the entire 24th and 25th floors overlooking Lake Michigan, this spectacular residence boasts 8,000 sq ft of interior living space and 5,000 sq ft of private outdoor space, including a massive, east-facing terrace with a lawn, manicured gardens, a Roman fountain, and fabulous city and lake views. The building itself is a Chicago institution. Built in 1927 and designed by New York architect Rosario Candela with Chicago firm McNally & Quinn, the building has been home to many prominent Chicago families over the years. The penthouse, however, was built especially for the building's original owner, and has rarely changed hands in the last century. World-class, artisan details like stained glass windows, stone friezes, hand-carved wood doors, and original bronze hardware are found throughout, beginning with a private entry foyer that connects to a 39'-long, walnut-paneled gallery hall with vaulted, hand-frescoed ceilings. The living and entertaining footprint on the main level features a formal dining room, a showpiece living room, a handsome bar/lounge, two offices, a modern chef's kitchen, and three amazing terraces. The living room stuns with 20'-high, coffered ceilings, and a stone fireplace, and affords access to both the yard and the north terrace. The kitchen flaunts custom cabinetry, professional grade appliances, a marble-topped island and counters, and an informal dining area. Four of the home's bedrooms currently live on the main level as well, each with its own unique footprint and architectural details. There's also a spacious, lake-facing room with its own private patio with lounge and fire pit, two generous closets, and a custom, marble-clad en-suite bath that could serve as a stunning primary suite or an epic family room. The home's original limestone staircases have been beautifully preserved, and lead to the second level via three access points. Here, a sixth en-suite bedroom, a sauna room, and more flexible space reside. Plus, there's a partial third floor with a game room/bar and additional storage spaces. White-glove building amenities include a full-time door staff, an on-site manager, and a live-in engineer. This property includes valet parking and pets are welcome. With pedigree and proximity to Lincoln Park, the lakefront, and the best of Chicago's first-class dining and shopping, the penthouse at 1500 N. Lake Shore Dr. is uncompromising, luxury living at its finest.
Listed by Timothy Salm• Jameson Sotheby's Intl Realty
Redfin checked: 2 minutes ago (Sept 28, 2023 at 3:58am)
•Source:MRED #11706848
Home facts
Time on Redfin
245 days
Property Type
Condo (Co-op)
HOA Dues
$10,623/month
Year Built
1927
Community
CHI - Near North Side
Price insights
List Price
$8,500,000
Est. Mo. Payment
$63,191
Price/Sq.Ft.
$1,063
Street View
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Payment calculator
$62,310 per month
949 Redfin customers in IL connected with a lender to get pre-approved last month
Principal and interest$48,570
Property taxes$0*
HOA dues$10,623
Homeowners' insurance$3,117
*Property taxes for co-ops are typically included in HOA dues.
Down payment
20% ($1,700,000)
Home price
$8,500,000
Loan details
7.72%
Additional resources
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Association Fee Includes: Heat, Water, Gas, Parking, Taxes, Insurance, Doorman, Exercise Facilities, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Master Association Fee Frequency: Not Required
Association Amenities: Bike Room/Bike Trails, Door Person, Elevator(s), Exercise Room, Storage, On Site Manager/Engineer, Receiving Room, Security Door Lock(s), Service Elevator(s), Elevator(s)
School Information
Elementary School District: 299
Elementary School: Ogden Elementary
Middle Or Junior School District: 299
Middle Or Junior School: Ogden Elementary
High School District: 299
High School: Lincoln Park High School
Location Information
Unit Floor Level: 24
Township: North Chicago
Corporate Limits: Chicago
Directions: The North East Corner of Lake Shore Drive and Burton Place.
Other
Listing Information
Buyer Agency Compensation: 2.5% - $425; PREQUALIFIED BUYERS ONLY
BuyerAgencyCompensationType: Net Sale Price
Holds Earnest Money: Yes
Possession: Closing
Details provided by MRED and may not match the public record. Learn more.
Sale and tax history for 1500 N Lake Shore Dr Ph
Sale History
Tax History
Public facts and zoning for 1500 N Lake Shore Dr Ph
Beds
—
Baths
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Stories
24
Lot Size
0.62 Acres
Style
Multi-Family (5+ Unit)
Year Built
1932
Year Renovated
—
County
Cook County
APN
17031010220000
Home facts updated by county records on Aug 21, 2023.
Showing nearby schools. Please check the school district website to see all schools serving this home.
GreatSchools Summary Rating
3/10
Ogden Elementary School
Public, PreK-8 • Serves this home • 0.7mi
5/10
Franklin Elementary Fine Arts Center
Public, K-8 • Nearby school • 0.5mi
7/10
Lincoln Park High School
Public, 9-12 • Serves this home • 1.2mi
School data is provided by GreatSchools, a nonprofit organization. Redfin recommends buyers and renters use GreatSchools information and ratings as a first step, and conduct their own investigation to determine their desired schools or school districts, including by contacting and visiting the schools themselves. Redfin does not endorse or guarantee this information. School service boundaries are intended to be used as a reference only; they may change and are not guaranteed to be accurate. To verify school enrollment eligibility, contact the school district directly.
Frequently asked questions for 1500 N Lake Shore Dr Ph
What is 1500 N Lake Shore Dr Ph?
1500 N Lake Shore Dr Ph is a 8,000 square foot condo with 6 bedrooms and 6.5 bathrooms. 1500 N Lake Shore Dr Ph is a condo currently priced at $8,500,000, which is 12.8% less than its original list price of 9750000.
How many photos are available for this home?
Redfin has 55 photos of 1500 N Lake Shore Dr Ph.
How long has this home been listed on Redfin?
1500 N Lake Shore Dr Ph has been listed on Redfin for 246 days since January 25, 2023.
When was this home built and last sold?
1500 N Lake Shore Dr Ph was built in 1927 and last sold on May 19, 2021 for $1,687,500.
What’s the full address of this home?
The full address for this home is 1500 North Lake Shore Drive Penthouse, Chicago, Illinois 60610.
What's the housing market like in Central Chicago?
The Central Chicago housing market is somewhat competitive. Homes in Central Chicago receive 2 offers on average and sell in around 64 days. The median sale price of a home in Central Chicago was $370K last month, down 0.54% since last year. The median sale price per square foot in Central Chicago is $346, up 0.3% since last year.