1516 N Lake Shore Drive, Chicago-Near North Side, IL 60610 | 11117302 | Berkshire Hathaway HomeServices Chicago

1516 N Lake Shore Drive $4,250,000

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    1516 N Lake Shore Drive Chicago-Near North Side, IL 60610

    Closed
    SOLD 7/2/2021

    $4,250,000

    • 10 Beds
    • 7 Baths
    • 12,000 sq. ft.
    • Single-Family
    • MLS# 11117302
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    Property Details

    BEST OFFERS REQUESTED BY JUNE 14. This is one of Chicago's most prestigious landmark properties and one of seven mansions remaining on Lake Shore Drive. Classic details and features remain throughout this magnificent property. The mansion and two-story coach house are situated on an approximately 50 X 170 foot-wide lot located within the City's Lakefront Protection District (Private Zone). The property has a current base Zoning District of RM-5 (Residential MultiUnit) and "Near North Historic Area II" as an overlay Zoning District, potentially allowing the existing structure to be internally remodeled for multiple dwelling units or other allowable non-residential uses. The property provides breathtaking and uninterrupted views of Lake Michigan and boasts extraordinary proximity to the Lakefront, Lincoln Park, the Gold Coast, and The Magnificent Mile.

    • General Features
      • Area CHI - Near North Side
      • Association Fee 0
      • Association Fee Frequency Not Applicable
      • Association Fee Includes None
      • Community Features Park, Lake, Curbs, Sidewalks, Street Lights, Street Paved
      • County Or Parish Cook
      • New Construction Y/N No
      • Ownership Fee Simple
      • Special Listing Conditions List Broker Must Accompany
      • Tax Annual Amount 0
      • Tax Year 2019
      • Township Lake
      • Year Built 1916
    • Building Features
      • Appliances Range, Refrigerator
      • Basement Partial
      • Bath Amenities No Tub
      • Full Bathrooms 5
      • Half Bathrooms 2
      • Bedrooms (Below Grade) 0
      • Cooling 3+ (Window/Wall Unit)
      • Dining Room Separate
      • Direction Faces East
      • Electric Circuit Breakers, Fuses
      • Exterior Features Breezeway
      • Fireplace Features Gas Starter
      • Fireplaces Total 9
      • Garage Spaces 3
      • Heating Steam, Baseboard
      • Interior Features Vaulted/Cathedral Ceilings, Elevator, Hardwood Floors, 1st Floor Bedroom, In-Law Arrangement
      • Living Area 12000
      • Master Bedroom Level 3rd Level
      • Roof Tile
      • Rooms Total 15
      • Sewer Public Sewer
    • Property Features
      • Lot Features Irregular Lot, Lake Front, Landscaped, Water View
      • Lot Size Acres 0.1905
      • Lot Size Dimensions 50 X 170
      • Parcel Number 17031010210000
      • Parking Features Unassigned, Driveway
      • Parking Total 2
      • Water Source Lake Michigan,Public
      • Waterfront Y/N Yes
    • Schools
      • Elementary School District 299
      • High School District 299
      • Middle Or Junior School District 299

    Neighborhood

    60610 (Chicago-Near North Side) Demographics

    34 Median Age
    33,222 Population Density (per sq. mile)
    75% College Educated
    $77,094 Estimated Median Income
    8,855 Estimated Total Home Owners
    14,353 Estimated Total Renters
    38% / 62% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    38,438 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $378,750 Median Sales Price
    128 Homes Sold
    189 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        7/2/2021 2:00:00 AM Sold Source: Multiple Listing Service New Value: $4,250,000
        6/22/2021 10:54:12 AM Status Changed Source: Multiple Listing Service New Value: Contingent
        6/15/2021 12:09:17 AM Status Changed Source: Multiple Listing Service New Value: Active
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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.