505 N Lake Shore Drive #518
About This Property
The manager has listed the unit size as 1100 square feet.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
May 4, 2024 | No longer available | - | |
No longer available | |||
Apr 18, 2024 | No longer available | - | |
No longer available | |||
Apr 17, 2024 | Listed | $0 | |
Listed | |||
|
|||
Take advantage of this rare opportunity to purchase a 1BR/1BA in
iconic Lake Point Tower! This northwest-facing spacious 1100 SF
unit with granite countertops and stainless steel appliances has
both lake, park, and city views and has been recently updated with
new flooring and washer/dryer hookup. Steps from the lakefront path
and Navy Pier, within short walking distance from the Magnificent
Mile and downtown Chicago, and a short drive to Lake Shore Drive
and I-55, the building's location…
|
|||
Feb 16, 2024 | Price Decreased |
$389,000
↓ $11K
(2.8%)
|
|
Price Decreased | |||
Jan 17, 2024 | No longer available | - | |
No longer available |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
05/24/2024
|
1 Bed
|
1 Bath
|
706 ft²
|
$414,999
1 Bed
1 Bath
706 ft²
|
-
-
|
-
|
Eduardo Garcia
Realty of Chicago LLC
|
|
07/31/2024
|
1 Bed
|
1 Bath
|
1100 ft²
|
$470,000
1 Bed
1 Bath
1100 ft²
|
$447,500
-4.79%
09/27/2024
|
-
|
Mia Wilkinson
Berkshire Hathaway HomeServices Chicago
|
|
07/08/2024
|
2 Bed
|
2 Bath
|
3200 ft²
|
$1,099,900
2 Bed
2 Bath
3200 ft²
|
$990,000
-9.99%
09/23/2024
|
-
|
Leigh Marcus
@properties Christie's International Real Estate
|
|
06/28/2024
|
1 Bed
|
1 Bath
|
1100 ft²
|
$449,000
1 Bed
1 Bath
1100 ft²
|
-
-
|
-
|
Mia Wilkinson
Berkshire Hathaway HomeServices Chicago
|
|
06/19/2024
|
3 Bed
|
2 Bath
|
1800 ft²
|
$625,000
3 Bed
2 Bath
1800 ft²
|
$535,000
-14.40%
07/25/2024
|
-
|
Eric Casper
Berkshire Hathaway HomeServices Chicago
|
|
06/19/2024
|
2 Bed
|
1 Bath
|
-
|
$399,000
2 Bed
1 Bath
|
$390,000
-2.26%
07/25/2024
|
-
|
Eric Casper
Berkshire Hathaway HomeServices Chicago
|
|
06/12/2024
|
2 Bed
|
2 Bath
|
1800 ft²
|
$1,190,000
2 Bed
2 Bath
1800 ft²
|
$1,190,000
09/16/2024
|
-
|
Laura Meier
@properties Christie's International Real Estate
|
|
04/25/2024
|
1 Bed
|
1 Bath
|
1100 ft²
|
$399,999
1 Bed
1 Bath
1100 ft²
|
-
-
|
-
|
Chris Bauer
Compass
|
|
04/24/2024
|
2 Bed
|
2 Bath
|
1450 ft²
|
$675,000
2 Bed
2 Bath
1450 ft²
|
$675,000
08/09/2024
|
-
|
Michael Frank
Keller Williams Preferred Realty
|
|
04/24/2024
|
2 Bed
|
2 Bath
|
1450 ft²
|
$605,000
2 Bed
2 Bath
1450 ft²
|
$605,000
08/09/2024
|
-
|
Dawn Venit
Baird & Warner
|
|
03/26/2024
|
1 Bed
|
1 Bath
|
1100 ft²
|
$425,000
1 Bed
1 Bath
1100 ft²
|
-
-
|
-
|
Garrett Horkan
City Gate Real Estate Inc.
|
|
03/26/2024
|
3 Bed
|
3 Bath
|
1806 ft²
|
$855,000
3 Bed
3 Bath
1806 ft²
|
-
-
|
-
|
Jeanne Keating
@properties Christie's International Real Estate
|
|
02/22/2024
|
2 Bed
|
4 Bath
|
3000 ft²
|
$1,599,000
2 Bed
4 Bath
3000 ft²
|
-
-
|
-
|
Helaine Cohen
Berkshire Hathaway HomeServices Chicago
|
|
02/20/2024
|
2 Bed
|
2 Bath
|
1450 ft²
|
$699,900
2 Bed
2 Bath
1450 ft²
|
$675,000
-3.56%
09/16/2024
|
-
|
Ioannis Floros
Fulton Grace Realty
|
|
09/05/2023
|
1 Bed
|
1 Bath
|
1100 ft²
|
$350,000
1 Bed
1 Bath
1100 ft²
|
$350,000
11/08/2023
|
Rita Brooks
Coldwell Banker Realty
|
||
08/28/2023
|
Loft
|
-
|
-
|
$75,000
Loft
-
|
$69,000
-8.00%
07/25/2024
|
-
|
Gail Spreen
Jameson Sotheby's Int'l Realty
|
|
06/19/2023
|
2 Bed
|
2 Bath
|
2200 ft²
|
$735,000
2 Bed
2 Bath
2200 ft²
|
$750,000
+2.04%
09/20/2024
|
-
|
Mia Wilkinson
Berkshire Hathaway HomeServices Chicago
|
|
05/05/2023
|
Loft
|
-
|
-
|
$70,000
Loft
-
|
$70,000
06/15/2023
|
Mia Wilkinson
Berkshire Hathaway HomeServices Chicago
|
||
03/24/2023
|
2 Bed
|
2 Bath
|
1450 ft²
|
$669,000
2 Bed
2 Bath
1450 ft²
|
$680,000
+1.64%
06/08/2023
|
-
|
Leslie Glazier
@properties Christie's International Real Estate
|
|
01/12/2023
|
Loft
|
-
|
-
|
$75,000
Loft
-
|
$75,000
03/01/2023
|
-
|
Mia Wilkinson
Berkshire Hathaway HomeServices Chicago
|
|
01/03/2023
|
1 Bed
|
1 Bath
|
1100 ft²
|
$419,900
1 Bed
1 Bath
1100 ft²
|
$422,300
+0.57%
03/15/2023
|
-
|
Matt Laricy
Americorp Ltd-Matt Laricy Group
|
|
12/17/2022
|
2 Bed
|
2 Bath
|
1450 ft²
|
$515,000
2 Bed
2 Bath
1450 ft²
|
$515,000
01/12/2023
|
-
|
Denise Salazar
Coldwell Banker Realty
|
|
09/19/2022
|
1 Bed
|
1 Bath
|
1100 ft²
|
$459,900
1 Bed
1 Bath
1100 ft²
|
$460,000
+0.02%
02/22/2023
|
Robert Carmody
eXp Realty, LLC
|
||
08/30/2022
|
2 Bed
|
2 Bath
|
2200 ft²
|
$825,000
2 Bed
2 Bath
2200 ft²
|
$782,500
-5.15%
05/16/2023
|
-
|
Mia Wilkinson
Berkshire Hathaway HomeServices Chicago
|
|
07/16/2022
|
2 Bed
|
2 Bath
|
1450 ft²
|
$765,000
2 Bed
2 Bath
1450 ft²
|
$745,000
-2.61%
08/31/2022
|
-
|
Jean Ward
@properties Christie's International Real Estate
|
|
07/01/2022
|
3 Bed
|
2 Bath
|
2200 ft²
|
$939,999
3 Bed
2 Bath
2200 ft²
|
$905,000
-3.72%
09/06/2022
|
-
|
Ryan Cherney
Circle One Realty
|
|
06/30/2022
|
Loft
|
-
|
-
|
$75,000
Loft
-
|
$75,000
08/31/2022
|
-
|
Mia Wilkinson
Berkshire Hathaway HomeServices Chicago
|
|
06/29/2022
|
1 Bed
|
1 Bath
|
1100 ft²
|
$429,500
1 Bed
1 Bath
1100 ft²
|
$415,000
-3.38%
09/19/2022
|
-
|
Sarah Andersen
Kale Realty
|
|
06/16/2022
|
1 Bed
|
1 Bath
|
-
|
$365,000
1 Bed
1 Bath
|
$372,000
+1.92%
08/26/2022
|
-
|
Brooke Vanderbok
@properties Christie's International Real Estate
|
|
06/15/2022
|
3 Bed
|
2 Bath
|
1800 ft²
|
$750,000
3 Bed
2 Bath
1800 ft²
|
$731,000
-2.53%
07/29/2022
|
-
|
Jean Ward
@properties Christie's International Real Estate
|
|
06/14/2022
|
1 Bed
|
1 Bath
|
1100 ft²
|
$535,000
1 Bed
1 Bath
1100 ft²
|
$580,000
+8.41%
08/16/2022
|
-
|
James Qiu
Kale Realty
|
|
05/28/2022
|
2 Bed
|
2 Bath
|
1450 ft²
|
$699,000
2 Bed
2 Bath
1450 ft²
|
$675,000
-3.43%
08/16/2022
|
-
|
Henry Torn
ListWithFreedom.com
|
|
05/21/2022
|
3 Bed
|
3 Bath
|
1800 ft²
|
$799,000
3 Bed
3 Bath
1800 ft²
|
$745,000
-6.76%
07/01/2022
|
-
|
Denise Salazar
Coldwell Banker Realty
|
|
05/17/2022
|
1 Bed
|
1 Bath
|
1100 ft²
|
$499,000
1 Bed
1 Bath
1100 ft²
|
$515,000
+3.21%
09/02/2022
|
-
|
Denise Salazar
Coldwell Banker Realty
|
|
05/15/2022
|
2 Bed
|
2 Bath
|
1450 ft²
|
$715,000
2 Bed
2 Bath
1450 ft²
|
$715,000
06/24/2022
|
-
|
Jean Ward
@properties Christie's International Real Estate
|
|
04/28/2022
|
2 Bed
|
2 Bath
|
1450 ft²
|
$649,000
2 Bed
2 Bath
1450 ft²
|
$630,000
-2.93%
06/09/2022
|
-
|
Denise Salazar
Coldwell Banker Realty
|
|
04/14/2022
|
2 Bed
|
2 Bath
|
2300 ft²
|
$900,000
2 Bed
2 Bath
2300 ft²
|
$900,000
05/25/2022
|
-
|
Mia Wilkinson
Berkshire Hathaway HomeServices Chicago
|
|
04/11/2022
|
Loft
|
-
|
-
|
$85,000
Loft
-
|
$81,000
-4.71%
06/08/2022
|
-
|
Denise Salazar
Coldwell Banker Realty
|
|
04/11/2022
|
Loft
|
-
|
-
|
$69,000
Loft
-
|
$69,000
04/11/2022
|
-
|
Denise Salazar
Coldwell Banker Realty
|
|
04/08/2022
|
3 Bed
|
3 Bath
|
1800 ft²
|
$924,950
3 Bed
3 Bath
1800 ft²
|
$900,000
-2.70%
05/12/2022
|
-
|
Shawn Jones
Berkshire Hathaway HomeServices Chicago
|
|
04/05/2022
|
2 Bed
|
2 Bath
|
1430 ft²
|
$649,000
2 Bed
2 Bath
1430 ft²
|
$625,000
-3.70%
08/02/2022
|
-
|
Carrie McCormick
Hometown Realty Group
|
|
04/01/2022
|
1 Bed
|
1 Bath
|
1100 ft²
|
$414,500
1 Bed
1 Bath
1100 ft²
|
$410,000
-1.09%
06/01/2022
|
-
|
Sam Almulki
Berkshire Hathaway HomeServices Chicago
|
|
03/05/2022
|
3 Bed
|
2 Bath
|
1800 ft²
|
$825,000
3 Bed
2 Bath
1800 ft²
|
$815,000
-1.21%
07/07/2022
|
-
|
Mia Wilkinson
Berkshire Hathaway HomeServices Chicago
|
|
03/01/2022
|
3 Bed
|
2 Bath
|
2200 ft²
|
$1,000,000
3 Bed
2 Bath
2200 ft²
|
$986,000
-1.40%
06/01/2022
|
-
|
Melissa Dondalski
@properties Christie's International Real Estate
|
|
02/18/2022
|
Loft
|
-
|
-
|
$50,000
Loft
-
|
$50,100
+0.20%
04/06/2022
|
-
|
Lizette Cervantes
RE/MAX Partners
|
|
02/08/2022
|
Loft
|
-
|
-
|
$75,000
Loft
-
|
$69,500
-7.33%
03/07/2022
|
-
|
Millie Rosenbloom
Baird & Warner
|
|
02/02/2022
|
2 Bed
|
2 Bath
|
1450 ft²
|
$550,000
2 Bed
2 Bath
1450 ft²
|
$535,000
-2.73%
05/16/2022
|
-
|
Richard Kasper
Compass
|
|
01/26/2022
|
1 Bed
|
1 Bath
|
1100 ft²
|
$399,500
1 Bed
1 Bath
1100 ft²
|
$385,000
-3.63%
05/17/2022
|
-
|
Denise Salazar
Coldwell Banker Realty
|
|
01/26/2022
|
1 Bed
|
1 Bath
|
1100 ft²
|
$399,500
1 Bed
1 Bath
1100 ft²
|
$386,400
-3.28%
02/28/2022
|
-
|
Denise Salazar
Coldwell Banker Realty
|
|
01/21/2022
|
1 Bed
|
1 Bath
|
1100 ft²
|
$480,000
1 Bed
1 Bath
1100 ft²
|
$480,000
03/09/2022
|
-
|
Mia Wilkinson
Berkshire Hathaway HomeServices Chicago
|
|
01/18/2022
|
2 Bed
|
3 Bath
|
1800 ft²
|
$749,000
2 Bed
3 Bath
1800 ft²
|
$695,000
-7.21%
04/18/2022
|
Aelee Han
Berkshire Hathaway HomeServices Chicago
|
||
01/12/2022
|
3 Bed
|
3 Bath
|
1800 ft²
|
$875,000
3 Bed
3 Bath
1800 ft²
|
$850,000
-2.86%
02/03/2022
|
-
|
Stephanie Andre
@properties Christie's International Real Estate
|
|
01/10/2022
|
Loft
|
-
|
-
|
$70,000
Loft
-
|
$65,000
-7.14%
05/27/2022
|
-
|
Denise Salazar
Coldwell Banker Realty
|
|
12/02/2021
|
6 Bed
|
5 Bath
|
3600 ft²
|
$1,375,000
6 Bed
5 Bath
3600 ft²
|
$1,200,000
-12.73%
02/14/2022
|
-
|
Millie Rosenbloom
Baird & Warner
|
|
11/12/2021
|
2 Bed
|
2 Bath
|
1450 ft²
|
$750,000
2 Bed
2 Bath
1450 ft²
|
$730,000
-2.67%
02/10/2022
|
-
|
Jean Ward
@properties Christie's International Real Estate
|
|
11/09/2021
|
Loft
|
-
|
-
|
$67,000
Loft
-
|
$65,000
-2.99%
08/16/2022
|
-
|
Jean Ward
@properties Christie's International Real Estate
|
|
11/01/2021
|
1 Bed
|
1 Bath
|
1100 ft²
|
$480,000
1 Bed
1 Bath
1100 ft²
|
$480,000
02/18/2022
|
-
|
Mia Wilkinson
Berkshire Hathaway HomeServices Chicago
|
|
10/27/2021
|
3 Bed
|
2 Bath
|
1800 ft²
|
$859,000
3 Bed
2 Bath
1800 ft²
|
$850,000
-1.05%
12/23/2021
|
-
|
Denise Salazar
Coldwell Banker Realty
|
|
10/26/2021
|
Studio
|
1 Bath
|
734 ft²
|
$319,500
Studio
1 Bath
734 ft²
|
$295,500
-7.51%
03/18/2022
|
Robert Mack
@properties | Christie's International Real Estate
|
||
10/25/2021
|
Loft
|
-
|
-
|
$150,000
Loft
-
|
$100,000
-33.33%
02/03/2022
|
-
|
Stephanie Andre
@properties Christie's International Real Estate
|
|
10/08/2021
|
Studio
|
1 Bath
|
-
|
$320,000
Studio
1 Bath
|
$310,000
-3.13%
12/02/2021
|
Millie Rosenbloom
Baird & Warner
|
||
09/28/2021
|
2 Bed
|
2 Bath
|
1450 ft²
|
$640,000
2 Bed
2 Bath
1450 ft²
|
$600,000
-6.25%
02/09/2022
|
-
|
Jean Ward
@properties Christie's International Real Estate
|
|
09/24/2021
|
Loft
|
-
|
-
|
$59,000
Loft
-
|
$55,000
-6.78%
04/05/2022
|
-
|
Jean Ward
@properties Christie's International Real Estate
|
|
09/24/2021
|
Loft
|
-
|
-
|
$75,000
Loft
-
|
$71,000
-5.33%
10/20/2021
|
-
|
Jean Ward
@properties Christie's International Real Estate
|
|
09/07/2021
|
4 Bed
|
4 Bath
|
3250 ft²
|
$1,499,000
4 Bed
4 Bath
3250 ft²
|
$1,310,000
-12.61%
12/29/2021
|
-
|
Robin Phelps
@properties Christie's International Real Estate
|
|
09/02/2021
|
Loft
|
-
|
-
|
$70,000
Loft
-
|
$67,000
-4.29%
02/16/2022
|
-
|
Dawn Venit
Baird & Warner
|
|
09/02/2021
|
Loft
|
-
|
-
|
$70,000
Loft
-
|
$68,000
-2.86%
11/12/2021
|
-
|
Dawn Venit
Baird & Warner
|
|
08/27/2021
|
1 Bed
|
1 Bath
|
1100 ft²
|
$465,000
1 Bed
1 Bath
1100 ft²
|
$445,000
-4.30%
10/20/2021
|
-
|
Jean Ward
@properties Christie's International Real Estate
|
|
08/05/2021
|
2 Bed
|
2 Bath
|
1450 ft²
|
$550,000
2 Bed
2 Bath
1450 ft²
|
$535,000
-2.73%
06/03/2022
|
Richard Kasper
Compass
|
||
08/01/2021
|
3 Bed
|
3 Bath
|
1800 ft²
|
$825,000
3 Bed
3 Bath
1800 ft²
|
$802,500
-2.73%
12/03/2021
|
-
|
Robert Mack
@properties Christie's International Real Estate
|
|
07/29/2021
|
4 Bed
|
3 Bath
|
4300 ft²
|
$3,150,000
4 Bed
3 Bath
4300 ft²
|
$2,761,500
-12.33%
05/02/2022
|
-
|
Donna Wilkens
Jameson Sotheby's International Realty
|
|
07/28/2021
|
2 Bed
|
2 Bath
|
1450 ft²
|
$649,000
2 Bed
2 Bath
1450 ft²
|
$625,000
-3.70%
10/12/2021
|
Denise Salazar
Coldwell Banker Realty
|
||
07/27/2021
|
Loft
|
-
|
-
|
$70,000
Loft
-
|
$58,000
-17.14%
11/03/2021
|
-
|
Denise Salazar
Coldwell Banker Realty
|
|
07/26/2021
|
2 Bed
|
2 Bath
|
1450 ft²
|
$490,000
2 Bed
2 Bath
1450 ft²
|
$465,000
-5.10%
11/23/2021
|
Jean Ward
@properties
|
||
07/26/2021
|
Loft
|
-
|
-
|
-
Loft
-
|
-
07/26/2021
|
-
|
Ivan Mariduena
Jennings Realty,Inc.
|
|
07/22/2021
|
2 Bed
|
2 Bath
|
1480 ft²
|
$685,000
2 Bed
2 Bath
1480 ft²
|
$650,000
-5.11%
08/24/2021
|
Sarah Ziehr
Redfin Corporation
|
||
07/08/2021
|
2 Bed
|
2 Bath
|
1450 ft²
|
$615,000
2 Bed
2 Bath
1450 ft²
|
$605,000
-1.63%
09/02/2021
|
Kristine Daley
Dream Town Realty
|
||
07/07/2021
|
1 Bed
|
1 Bath
|
1100 ft²
|
$468,000
1 Bed
1 Bath
1100 ft²
|
$442,000
-5.56%
10/01/2021
|
-
|
Mia Wilkinson
Berkshire Hathaway HomeServices Chicago
|
|
06/20/2021
|
Studio
|
1 Bath
|
725 ft²
|