See Home Value
Chicago 60657 Lakeview
3016 N Lake Shore Drive
$4,500,000 - $5,498,000
Land - Off Market

3016 N Lake Shore Drive

Chicago, IL 60657
bedrooms
Studio
bathrooms
0 Bath
Sold Dec 20, 2018
$2,305,000

About This Property

Once in a lifetime opportunity to own on Chicago's iconic Lake Shore Drive! There is no dirt available with a location like this! This oversized Chicago lot is situated on an amazing piece of green space right on the inner part of Lake Shore on Lincoln Park just west of outer Lake Shore Drive. Located in Nettlehorst Blue ribbon school district, this property is on a 35 x 200 zoned RM5. The lot next-door is also available for purchase and a package deal to either curate a massive single-family home estate or develop into high end boutique building. Owner has a survey, appraisal, and plans to build a dream home - all included in the purchase. Make your mark and develop a piece of history in the most iconic Chicago landscape on Lake Shore Drive!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$908
HOA Dues
-
Year Built
-

Price History

Date / Event Date Event Price
Jan 12, 2024 No longer available -
No longer available
Sep 7, 2023 No longer available -
No longer available
Sep 5, 2023 Listed $4,999,900
Listed
Mar 22, 2023 Listed $5,425,000
Listed
Once in a lifetime opportunity to own on Chicago's iconic Lake Shore Drive! There is no dirt available with a location like this! This oversized Chicago lot is situated on an amazing piece of green space right on the inner part of Lake Shore on Lincoln Park just west of outer Lake Shore Drive. Located in Nettlehorst Blue ribbon school district, this property is on a 35 x 200 zoned RM5. The lot next-door is also available for purchase and a package deal to either curate a massive…

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,520
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Vacant
  • Land Acres: 0.149
  • Standard Land Use Code: Vacant land (general)

Ownership

  • Current Owner : LAKESHORE ESTATE DEVELOPMENT LLC
  • Previous Owner : CHICAGO TITLE LAND TRUST COMPANY
  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 062100

Zoning

  • Zoning: RM-5

Geography

  • District: 73
  • Parcel: 14-28-202-048-0000
  • Municipality: LAKE VIEW
  • Latitude: 41.9371
  • Longitude: -87.6377

    Address

  • Full Address: 3016 N Lake Shore Dr
  • Address - House Number: 3016
  • Street Direction: N
  • Address - Street Name: Lake Shore
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Chicago
  • Zip Code: 60657

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,891
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 73001

    Market Valuation

  • Market Total Value: $529,520
  • Market Land Value: $521,600
  • Market Improvement Value: $7,920

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $52,952
  • Assessed Land Value: $52,160
  • Assessed Improvements Value: $792

    Sales

  • Current Sale Contract Date: Dec 19, 2018
  • Current Sale Recording Date: Dec 20, 2018
  • Current Sale Transaction ID: 11546256428
  • Current Sale Price: $2,305,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 1835410057

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Dec 20, 2018
  • First Mortgage Loan Amount: $138,300
  • First Mortgage Terms: 24
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Dec 19, 2020

    Financing

  • First Mortgage Financing Type: Variable



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
7 Beds
11 Baths
10,400 ft²
$480/ft²
$4,995,000 Sep 5, 2023
-
$6,371/mo

About North Side


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Frequently Asked Questions

When was property at 3016 North Lake Shore Drive built and last sold?
The property at 3016 North Lake Shore Drive was built in and last sold on Dec 19, 2018 for $2,305,000.
How much is this home worth?
The estimated value of the home located at 3016 North Lake Shore Drive is $5,049,899.
What are some comparable homes to 3016 North Lake Shore Drive?
Homes that are comparable to 3016 North Lake Shore Drive include a house property at 716 West Schubert Avenue, located in Chicago, IL.

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