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1150 N Lake Shore Drive

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The Gold Coast is home to some of the best condos on the Chicago real estate market. The neighborhood offers an excellent lifestyle, with plenty of restaurants, nightlife, and services in the area.

One building that offers a number of condos for sale or for rent is 1150 North Lake Shore Drive. This high-rise building was completed in 1959, and offers a total of 247 units in its 24 floors.

Buyers can choose from a number of different floor plans at 1150 North Lake Shore Drive. Studio units are available, with prices ranging from $140,000 to $184,000. These units are an excellent choice for young professionals looking to get in their first home in the top neighborhood in Chicago.

One-bedroom units at 1150 N. Lake Shore Drive are priced from $183,000 to the mid $200s. The largest two-bedroom units are priced from $300,000 to the low $400s. Rental units in this condominium building range from $950 per month for a studio unit to more than $2,000 per month for a two-bedroom unit.

Many units at 1150 N. Lake Shore Drive have been fully rehabbed, and now offer gourmet kitchens with an open floor plan, stainless steel appliances, granite countertops, and maple cabinets. Most units enjoy incredible views of the downtown Chicago skyline and unfettered views of Lake Michigan that will remain forever. Hardwood floors in the main living areas and carpeted bedrooms come standard in this development.

Residents enjoy a number of luxury amenities, including a sundeck with incredible city and lake views, 24-hour doorman service, a laundry room, and plenty of extra storage. Onsite parking is available for rent or for sale in the underground parking garage. This development is pet friendly, with no weight limit for your furry friend.

The location of this development on the Gold Coast can't be beat. The building is located right across the street from Oak Street Beach, one of the most popular and beautiful beaches in downtown Chicago. Residents are also steps from some of the best restaurants in the city, many located along Rush Street. Residents can enjoy a night on the town in one of many bars and clubs in the area. Rush Street is home to several, while Division Street also has a number of options.

Commuters can get to anywhere in the downtown Chicago business district easily via CTA buses running along Lake Shore Drive. Much of downtown is within walking distance, meaning that you'll be able to save time and stay in shape on your way to work.

The Gold Coast is part of the Near North Side statistical area. This part of Chicago has long been the most active neighborhood on the market. According to data from the Chicago Association of Realtors, a total of 3,131 units were sold in the neighborhood in 2007, down just 4 percent from the previous year. This is an impressive result for the market considering that sales in all of Chicago were off by more than 10 percent in 2007.

The excellent location and the number of new luxurious condominium projects on the market helped keep prices in positive territory on the Near North Side. The average sales price jumped by 7 percent in 2007, and shows no signs of retreating from those gains in the short term.

 

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