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$4,719,943*
●
Condo -
Off Market
505 North Lake Shore Drive #7000
Chicago, IL 60611
4 Beds
5 Baths
4700 Sqft
$3,776,000 - $4,614,000
Reference Base Price*
12.51%
Since Feb 1, 2022
IL-Chicago
Primary Model
About This Property
Located on the 70th floor of Lake Point Tower, it is the most
sought-after rooftop location in downtown Chicago. With spectacular
360-degree panoramic views of the Chicago's Skyline, Lake Michigan,
The Chicago Harbor and Millennium Park.Bring your architect and
imagination and make this one of a kind property (zoned for
commercial and / or residential usage) to create... *
A Grand Residential
Penthouse *
Executive Offices *
Art Gallery / Photographer Studio *
Private Museum *
Medical Offices
This extremely unique space also overlooks Navy Pier and
provides a bird's eye view of the Chicago Summer Fireworks Display
(May-September) and the Chicago Air and Water Show.
The property is the "Crown Jewel" of Lake Point Tower
Condominium, with Epic Views from the Chicago Landmark, Designed
and built as private club for the residents of the Lake Point
Tower, the space was initially intended to support an intimate
lounge trade. The Space has been the home of Cite
restaurant for decades, a coveted "bucket list" restaurant
destination in Chicago. Cite was voted one of
Chicago's 10 Best Romantic Places to dine by USA Today and voted -
"Best Views in Chicago" - by OpenTable Diners 2019.
The current interior (as a restaurant) is timeless.
World-class interior designer Norman De Hann fashioned the
restaurant using classic glamour interiors with high-end finishes
of actual gold leaf throughout the restaurant, rare tiger wood at
the bar and full slab marble in the foyer areas augmenting the
rich, romantic ambiance and unmatched spectacular views.
Lake Point Tower by itself is an architectural masterpiece
and is coupled with amazing 360-degree panoramic views... Every
seat at Cite Restaurant has a breathtaking view. This has been
recognized by the media with a plethora of accolades on numerous
occasions throughout the years. 505 North Lake Drive
is located next to Navy Pier, prime Chicago location and is the
Midwest's most popular leisure destination. In 2016, Navy Pier
completed Phase 1 of an impressive re-imagination and redevelopment
of this historical landmark in honor of its 100th anniversary.
Dubbed the "Centennial Vision", this exciting project enhanced and
improved public spaces, expanded year-round programming, and added
more exciting entertainment and local restaurant options.
Asking price includes 2,400 SF of commercial space that can
be used as home office, wine storage, dry storage or just rent out
for additional income. The available space and assorted storage are
located on the 2nd floor of Lake Point Tower.
The manager has listed the unit size as 4700 square feet.
The manager has listed the unit size as 4700 square feet.
Unit Size
4,700Ft²
Days on Market
-
Land Size
-
Price per sqft
$893
Property Type
Condo
Property Taxes
$409
HOA Dues
$2,000
Year Built
-
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 15, 2022 | No longer available | - | |
No longer available | |||
Dec 11, 2021 | Price Decreased |
$4,195,000
↓ $505K
(10.7%)
|
|
Price Decreased | |||
Jun 25, 2021 | Relisted | $4,700,000 | |
Relisted | |||
Jun 12, 2021 | No longer available | - | |
No longer available | |||
Apr 15, 2021 | Relisted | $4,700,000 | |
Relisted |
Show More
Property Highlights
Garage
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
House
4
Beds
4
Baths
4,527 ft²
$972/ft²
$4,400,000
Oct 5, 2022
-
$2,207/mo
House
3
Beds
3.5
Baths
4,200 ft²
$929/ft²
$3,900,000
Nov 11, 2022
-
$8,906/mo
House
3
Beds
3.5
Baths
3,952 ft²
$908/ft²
$3,590,000
Jul 14, 2022
-
$8,808/mo
Active
House
3
Beds
3.5
Baths
3,622 ft²
$1,146/ft²
$4,150,000
Dec 28, 2022
-
$4,746/mo
Active
House
3
Beds
3
Baths
3,500 ft²
$1,000/ft²
$3,499,000
Apr 12, 2022
-
$5,769/mo
House
5
Beds
5.5
Baths
6,921 ft²
$650/ft²
$4,500,000
Aug 31, 2022
-
$7,980/mo
Active
House
2
Beds
2.5
Baths
4,165 ft²
$840/ft²
$3,499,000
Nov 7, 2022
-
$8,384/mo
Active
House
6
Beds
6
Baths
13,000 ft²
$304/ft²
$3,950,000
Sep 15, 2022
-
$7,116/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/02/2023
|
1 Bed
|
1 Bath
|
1100 ft²
|
$415,000
1 Bed
1 Bath
1100 ft²
|
-
-
|
-
|
Christopher Everhardt
Keller Williams ONEChicago
|
|
09/05/2023
|
2 Bed
|
2 Bath
|
1450 ft²
|
$664,900
2 Bed
2 Bath
1450 ft²
|
-
-
|
-
|
Joseph Kotoch
Compass
|
|
07/28/2023
|
2 Bed
|
2 Bath
|
1450 ft²
|
$659,900
2 Bed
2 Bath
1450 ft²
|
-
-
|
-
|
Margaret Dralyuk
Dralyuk Real Estate Inc.
|
|
08/25/2023
|
1 Bed
|
1 Bath
|
1100 ft²
|
$479,000
1 Bed
1 Bath
1100 ft²
|
-
-
|
-
|
Kellye Jackson
Redfin Corporation
|
|
08/08/2023
|
4 Bed
|
4 Bath
|
3000 ft²
|
$999,995
4 Bed
4 Bath
3000 ft²
|
-
-
|
-
|
Gail Spreen
Jameson Sotheby's Int'l Realty
|
|
07/14/2023
|
Loft
|
-
|
-
|
$65,000
Loft
-
|
-
-
|
-
|
Gail Spreen
Jameson Sotheby's Int'l Realty
|
|
05/16/2023
|
2 Bed
|
2 Bath
|
-
|
$680,000
2 Bed
2 Bath
|
-
-
|
-
|
Barbara O'Connor
Dream Town Realty
|
|
02/16/2023
|
2 Bed
|
2.5 Bath
|
1850 ft²
|
$920,000
2 Bed
2.5 Bath
1850 ft²
|
-
-
|
-
|
Michael Giliano
Compass
|
|
02/08/2023
|
2 Bed
|
2 Bath
|
1800 ft²
|
$899,000
2 Bed
2 Bath
1800 ft²
|
-
-
|
-
|
Erica Harris
Jameson Sotheby's Intl Realty
|
|
07/27/2022
|
1 Bed
|
1 Bath
|
-
|
$429,999
1 Bed
1 Bath
|
-
-
|
-
|
Matt Laricy
Americorp Ltd-Matt Laricy Group
|
|
11/08/2022
|
2 Bed
|
2 Bath
|
1460 ft²
|
$515,000
2 Bed
2 Bath
1460 ft²
|
-
-
|
-
|
Laura Renaldo
TRD Property Group
|
|
10/29/2022
|
2 Bed
|
2 Bath
|
1450 ft²
|
$555,000
2 Bed
2 Bath
1450 ft²
|
-
-
|
-
|
Ana Bezerra
Key Realty, Inc.
|
|
09/19/2022
|
1 Bed
|
1 Bath
|
1100 ft²
|
$485,000
1 Bed
1 Bath
1100 ft²
|
$460,000
-5.15%
02/22/2023
|
Robert Carmody
eXp Realty, LLC
|
||
08/31/2022
|
1 Bed
|
1 Bath
|
800 ft²
|
$475,000
1 Bed
1 Bath
800 ft²
|
-
-
|
-
|
Jonathan Lopez
CENTURY 21 Affiliated
|
|
02/04/2022
|
2 Bed
|
2 Bath
|
1100 ft²
|
$519,000
2 Bed
2 Bath
1100 ft²
|
-
-
|
-
|
Gail Spreen
Jameson Sotheby's Int'l Realty
|
|
03/08/2022
|
3 Bed
|
2 Bath
|
2200 ft²
|
$1,099,000
3 Bed
2 Bath
2200 ft²
|
-
-
|
-
|
Ryan Cherney
Circle One Realty
|
|
06/29/2022
|
1 Bed
|
1 Bath
|
1100 ft²
|
$429,500
1 Bed
1 Bath
1100 ft²
|
-
-
|
-
|
Sarah Andersen
Kale Realty
|
|
06/14/2022
|
1 Bed
|
1 Bath
|
1100 ft²
|
$535,000
1 Bed
1 Bath
1100 ft²
|
-
-
|
-
|
James Qiu
Kale Realty
|
|
01/31/2022
|
4 Bed
|
3 Bath
|
2900 ft²
|
$1,600,000
4 Bed
3 Bath
2900 ft²
|
-
-
|
-
|
Rashida Kharkhariwala
Real People Realty Inc
|
|
02/24/2022
|
1 Bed
|
1 Bath
|
1100 ft²
|
$480,000
1 Bed
1 Bath
1100 ft²
|
-
-
|
-
|
Sari Levy
Lucid Realty, Inc.
|
|
02/02/2022
|
2 Bed
|
2 Bath
|
1450 ft²
|
$550,000
2 Bed
2 Bath
1450 ft²
|
-
-
|
-
|
Richard Kasper
Compass
|
|
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
|
||
04/16/2021
|
4 Bed
|
3 Bath
|
4300 ft²
|
$3,400,000
4 Bed
3 Bath
4300 ft²
|
-
-
|
-
|
-
|
|
07/08/2021
|
2 Bed
|
2 Bath
|
1450 ft²
|
$625,000
2 Bed
2 Bath
1450 ft²
|
$605,000
-3.20%
09/02/2021
|
Brooke Daitchman
Dream Town Realty
|
||
06/20/2021
|
Studio
|
1 Bath
|
725 ft²
|
$299,000
Studio
1 Bath
725 ft²
|
$260,000
-13.04%
11/15/2021
|
-
|
Ana Bezerra
Key Realty, Inc.
|
|
05/14/2021
|
3 Bed
|
2 Bath
|
2300 ft²
|
$998,000
3 Bed
2 Bath
2300 ft²
|
-
-
|
-
|
Colleen Berg
Berg Properties
|
|
03/11/2021
|
2 Bed
|
2 Bath
|
1100 ft²
|
$550,000
2 Bed
2 Bath
1100 ft²
|
-
-
|
-
|
-
|
|
04/14/2021
|
2 Bed
|
2 Bath
|
1450 ft²
|
$669,900
2 Bed
2 Bath
1450 ft²
|
$610,000
-8.94%
11/08/2021
|
Tim Binning
RE/MAX All Pro
|
||
04/08/2021
|
Loft
|
-
|
-
|
$75,000
Loft
-
|
-
-
|
-
|
Amy Duong
Compass
|
|
11/13/2020
|
2 Bed
|
2 Bath
|
1453 ft²
|
$574,888
2 Bed
2 Bath
1453 ft²
|
-
-
|
-
|
-
|
|
12/16/2020
|
4 Bed
|
5 Bath
|
4700 ft²
|
$4,700,000
4 Bed
5 Bath
4700 ft²
|
-
-
|
-
|
Herve Barbera
Bar Invest Realty LLC
|
|
09/22/2020
|
2 Bed
|
2 Bath
|
1450 ft²
|
$599,900
2 Bed
2 Bath
1450 ft²
|
$560,000
-6.65%
04/13/2021
|
Nick Libert
|
||
08/27/2020
|
2 Bed
|
2 Bath
|
1450 ft²
|
$649,000
2 Bed
2 Bath
1450 ft²
|
$595,000
-8.32%
04/19/2021
|
Ronda Fish
|
||
08/07/2020
|
1 Bed
|
1 Bath
|
725 ft²
|
$330,000
1 Bed
1 Bath
725 ft²
|
-
-
|
-
|
-
|
|
07/13/2020
|
2 Bed
|
2 Bath
|
1450 ft²
|
$725,000
2 Bed
2 Bath
1450 ft²
|
-
-
|
-
|
Brooke Daitchman
Dream Town Realty
|
|
07/08/2020
|
1 Bed
|
1 Bath
|
-
|
$435,000
1 Bed
1 Bath
|
-
-
|
-
|
-
|
|
06/29/2020
|
2 Bed
|
2 Bath
|
1800 ft²
|
$995,000
2 Bed
2 Bath
1800 ft²
|
-
-
|
-
|
-
|
|
06/17/2020
|
1 Bed
|
1 Bath
|
-
|
$299,900
1 Bed
1 Bath
|
-
-
|
-
|
-
|
|
06/11/2020
|
1 Bed
|
1 Bath
|
720 ft²
|
$359,000
1 Bed
1 Bath
720 ft²
|
-
-
|
-
|
-
|
|
06/09/2020
|
3 Bed
|
3 Bath
|
1806 ft²
|
$925,000
3 Bed
3 Bath
1806 ft²
|
-
-
|
-
|
-
|
|
05/13/2020
|
1 Bed
|
1 Bath
|
1100 ft²
|
$499,900
1 Bed
1 Bath
1100 ft²
|
-
-
|
-
|
-
|
|
05/22/2020
|
2 Bed
|
2 Bath
|
1446 ft²
|
$584,900
2 Bed
2 Bath
1446 ft²
|
-
-
|
-
|
-
|
|
05/16/2020
|
2 Bed
|
2 Bath
|
1450 ft²
|
$795,000
2 Bed
2 Bath
1450 ft²
|
-
-
|
-
|
-
|
|
04/29/2020
|
2 Bed
|
2 Bath
|
1450 ft²
|
$619,900
2 Bed
2 Bath
1450 ft²
|
$575,000
-7.24%
10/08/2020
|
Nick Libert
|
||
09/12/2019
|
3 Bed
|
3 Bath
|
1800 ft²
|
$875,000
3 Bed
3 Bath
1800 ft²
|
-
-
|
-
|
-
|
|
03/13/2020
|
1 Bed
|
1 Bath
|
1080 ft²
|
$449,900
1 Bed
1 Bath
1080 ft²
|
-
-
|
-
|
-
|
|
10/26/2019
|
2 Bed
|
2 Bath
|
-
|
$624,888
2 Bed
2 Bath
|
-
-
|
-
|
-
|
|
10/17/2019
|
2 Bed
|
2 Bath
|
1446 ft²
|
$625,000
2 Bed
2 Bath
1446 ft²
|
-
-
|
-
|
-
|
|
06/19/2019
|
3 Bed
|
3 Bath
|
-
|
$849,999
3 Bed
3 Bath
|
-
-
|
-
|
-
|
|
02/28/2019
|
3 Bed
|
3 Bath
|
3000 ft²
|
$1,299,000
3 Bed
3 Bath
3000 ft²
|
$1,000,000
-23.02%
11/04/2019
|
Aaron Greenberg
|
||
06/28/2019
|
Loft
|
-
|
-
|
$75,000
Loft
-
|
-
-
|
-
|
-
|
|
05/16/2019
|
1 Bed
|
1 Bath
|
1100 ft²
|
$470,000
1 Bed
1 Bath
1100 ft²
|
-
-
|
-
|
-
|
|
05/16/2019
|
2 Bed
|
2 Bath
|
1450 ft²
|
$625,000
2 Bed
2 Bath
1450 ft²
|
-
-
|
-
|
-
|
|
04/16/2019
|
2 Bed
|
2 Bath
|
1430 ft²
|
$634,900
2 Bed
2 Bath
1430 ft²
|
-
-
|
-
|
-
|
|
04/08/2019
|
Studio
|
-
|
-
|
$59,900
Studio
-
|
-
-
|
-
|
-
|
|
05/23/2018
|
1 Bed
|
1 Bath
|
706 ft²
|
-
1 Bed
1 Bath
706 ft²
|
-
-
|
-
|
-
|
|
02/06/2019
|
Studio
|
-
|
-
|
$130,000
Studio
-
|
-
-
|
-
|
-
|
|
08/23/2018
|
4 Bed
|
5 Bath
|
3600 ft²
|
-
4 Bed
5 Bath
3600 ft²
|
-
-
|
-
|
-
|
|
01/02/2019
|
2 Bed
|
2 Bath
|
1480 ft²
|
$689,900
2 Bed
2 Bath
1480 ft²
|
-
-
|
-
|
-
|
|
12/21/2018
|
1 Bed
|
1 Bath
|
706 ft²
|
$299,000
1 Bed
1 Bath
706 ft²
|
-
-
|
-
|
-
|
|
06/19/2018
|
1 Bed
|
1 Bath
|
706 ft²
|
-
1 Bed
1 Bath
706 ft²
|
-
-
|
-
|
-
|
|
05/29/2018
|
1 Bed
|
1 Bath
|
1000 ft²
|
-
1 Bed
1 Bath
1000 ft²
|
-
-
|
-
|
-
|
Building Info
505 North Lake Shore Drive
505 North Lake Shore Drive, Chicago, IL 60611
- 3 Units for Sale
About Central Chicago
Similar Homes for Sale
$3,950,000
- 6 Beds
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- 13,000 ft²
$3,499,000
- 2 Beds
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