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540 North Lake Shore Drive

540 North Lake Shore Drive, Chicago, IL 60611
Condo in Gold Coast
1 Units For Sale
Unit for sale at 540 N Lake Shore Drive, Chicago, IL 60611

$750,000

  • 2 Beds
  • 2 Baths
  • 2,520 ft²
540 N Lake Shore Drive #718719, Chicago, IL 60611 Listing by Gail Spreen

540 North Lake Shore Drive is a condo located in Gold Coast, Chicago. The building was first built in 1994 and is 30 years old. 540 North Lake Shore Drive has a total of 7 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! On weekends, residents can enjoy the building's deck. There are 26 closings on record. The most recent transaction sold for $0 on Aug 03, 2018. Fun fact, the oldest transaction we have on record took place on Jul 19, 1994. See the full transaction history for 540 North Lake Shore Drive below.

Gold Coast, where 540 North Lake Shore Drive is located, has a median asking price of $629,000 for condo buildings. For interested buyers, that means the building's median asking price is around 1.00% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $750,000. It is a 2,520 sqft 2-bedroom and 2-bathroom unit.

Building Features

Exterior

Brick Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

3 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230201 Unit 718719
02/01/2023
2 Bed
2 Bath
2520 ft²
$850,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
2520 ft²
-
-
-
Gail Spreen
Jameson Sotheby's Int'l Realty
20190905 Unit 511
09/05/2019
511
1 Bed
1 Bath
773 ft²
$295,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
773 ft²
-
-
-
-
20190903 Unit 222
09/03/2019
222
1 Bed
1 Bath
1300 ft²
$350,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
1300 ft²
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Condo
  • Floor Count: 7
  • Living Units: 152
  • Business/Commerical Units Count: 7
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,109
  • 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: Residential
  • Subdivision: NORTH CHICAGO
  • Land Acres: 0.48
  • Standard Land Use Code: Condominium unit (residential)

Ownership

  • Current Owner : 540 NORTH LAKE SHORE DRIVE CONDOMINIUM A
  • Previous Owner : AMERICAN NATIONAL BK & TR CO OF CHICAGO
  • Owner Before Previous Owner: AMERICAN NATIONAL BK & TR CO OF CHICAGO
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 081402

Zoning

  • Zoning: DX-12

Geography

  • Assessors Map Reference: 1NW-29-03
  • District: 74
  • Parcel: 17-10-211-023-0000
  • Meridian: SEC 10 TWN 39N RNG 14E
  • Municipality: NORTH CHICAGO
  • Latitude: 41.8923
  • Longitude: -87.6157

    Address

  • Full Address: 540 N Lake Shore Dr
  • Address - House Number: 540
  • Street Direction: N
  • Address - Street Name: Lake Shore
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Chicago
  • Carrier Code: C048
  • 4-Digit Zip Code: 3414
  • Zip Code: 60611

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 74002

    Appraisal Valuation

  • Standard Deviation: 0.1866
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 75
  • Final Value: 487,744
  • High Value: 578,778
  • Low Value: 396,709

    Market Valuation

  • Market Total Value: $20
  • Market Land Value: $10
  • Market Improvement Value: $10

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2
  • Assessed Land Value: $1
  • Assessed Improvements Value: $1

    Sales

  • Current Sale Contract Date: Feb 29, 1996
  • Current Sale Recording Date: Apr 04, 1996
  • Current Sale Transaction ID: 1177354056
  • Current Sale Price: $850,000
  • Current Sale Document Type: Trustee's Deed (Certificate of Title)
  • Current Sale Input Document Number: 96259510
  • Previous Sale Recording Date: Jun 02, 1994
  • Previous Sale Contract Date: May 27, 1994
  • Previous Sale Amount: $200,000
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: NBD BANK
  • First Mortgage Transaction Date: Apr 04, 1996
  • First Mortgage Loan Amount: $700,000
  • First Mortgage Terms: 60
  • First Mortgage Loan Due Date: Feb 28, 2001

    Previous Mortgages

  • Previous Mortgage Lender: FIRST NATIONWIDE BK
  • Previous Mortgage Transaction Date: Jun 02, 1994
  • Previous Mortgage Loan Amount: $159,900
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Jun 01, 2024

About Central Chicago



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Frequently Asked Questions

What neighborhood is 540 North Lake Shore Drive located in?
The 540 North Lake Shore Drive is a condo located in the neighborhood of Gold Coast in Central Chicago, Chicago.
How many listings are currently for sale in 540 North Lake Shore Drive?
There is one unit for sale right now.
What is the average sales price for listings in 540 North Lake Shore Drive?
The average sales price for units in 540 North Lake Shore Drive is $750,000 , or $298/sqft. currently.

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