1240 N Lake Shore Drive

Buyers on the Gold Coast have many incredible luxury condominium developments to choose from. The neighborhood offers a modern urban lifestyle, with easy access to the downtown Chicago business district and a number of amenities.

One building that has been offering luxury condominiums since 1976 is located at 1240 N. Lake Shore Drive. This 58-unit building offers three-bedroom and 2.5-bath condominiums with a number of high-end amenities.

There are two units currently for sale on the market. A three-bedroom and two-bath condominium is listed at $998,000. The most affordable unit on the market is a two-bedroom and two-bath unit that is priced at $599,900.

Two units were recently sold in the building. A three-bedroom and 2.5-bath condominium was listed for $1.15 million. This unit has a total of 1,800 square feet of living space. Another three-bedroom and 2.5-bath unit was listed for $1.55 million. This unit offers a total of 3,800 square feet of living space.

Residents of 1240 N Lake Shore Drive enjoy the best amenities on the market. The gourmet kitchens offer a open layout, Subzero appliances and granite countertops. The master bath is more like a spa, with a steam shower, marble finishings, and heated granite floors.

Residents enjoy the finest hardwood floors throughout the main living areas and oversized windows that let in plenty of natural light throughout the day. The views of Lake Michigan and the downtown Chicago skyline can't be beat. An in-unit washer and dryer are included with each condominium.

This full-amenity building gives residents everything they need. The building offers a 24-hour doorman service, modern fitness center, and plenty of extra storage. Residents can entertain family and friends in the party room, or take in some sun while getting to know the neighbors on the sundeck. Bike storage and parking are also available in the underground garage.

The neighborhood offers an almost endless list of amenities, all just steps from 1240 N Lake Shore Drive. Residents enjoy easy access to beaches, parks, and bike paths along the Lake Michigan shoreline. Popular Oak Street Beach is right across the street.

Rush Street offers plenty of options for dining or a night out on the town. The area around Division and Rush is home to several restaurants, bars, and shopping. Residents are also steps from the finest shopping in Chicago along the Magnificent Mile.

Commuters will love the easy access to downtown Chicago. Almost all of the downtown business district is within walking distance, saving you precious time and helping you stay in shape on your way to work. For those who work in other parts of the neighborhood, an El station is located a few blocks west on Division, connecting the neighborhood with the rest of the city in minutes.

The real estate market for neighborhoods around the Near North Side continues to show strength despite a strong downturn in sales in many other parts of Chicago. According to the Chicago Association of Realtors, sales were down just 4 percent in 2007. However, prices were up another 7 percent, and promise to rise even further as many new ultra luxurious condo developments come to the market.

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