1500 North Lake Shore Drive

1500 North Lake Shore Drive in Chicago, IL was first built in 1927 and is 97 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. There are a total of 24 floors. In total, the area measurement of the land is 27,161 square feet.

Learn more about the property and building on this page. 1500 North Lake Shore Drive was last assessed in 2023. The total value of the property was assessed at $10,981,449. Specifically, the land the property is located on was valued at $679,025. While improvements on the property were assessed at a total of $10,302,424. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $2,227,313. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.