1516 North Lake Shore Drive

Chicago, IL 60610

$4,250,000
Last Sold Price
10
Beds
5
Baths
2
1/2 Baths
12,000 Sq. Ft.
$354 / Sq. Ft.
12,000
Sq. Ft.
$354
per Sq. Ft.

Description

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...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.
  1. Listed by Crystal Tran • Berkshire Hathaway HomeServices Chicago

Sold By Berkshire Hathaway HomeServices Chicago

Property Details for 1516 North Lake Shore Drive

Area
CHI - Near North Side
Township
Lake
Ownership
Fee Simple
Num Of Garage Spaces
3.0
Num Of Parking Spaces
2.0
Num Of Cars
5.0
Parking Included in Price
Yes
Num of Interior Fireplaces
9

Location

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LISTING UPDATED: 07/03/2021 05:21 AM

Property Details for 1516 North Lake Shore Drive

StatusClosed
MLS #11117302
Days on Market23
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeDetached Single / 4+ Stories
Year Built1916
Lot Size0.19 AC / 8,298 SF
CountyCook County

Location

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Building Information for 1516 North Lake Shore Drive

Stories-Year Built1916Building Size-Lot Size0.19 AC / 8,298 SF

Payment Calculator

$29,920 per month

30 year fixed, 7.25% Interest

Principal and Interest

$23,194

Property Taxes

$6,726

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1516 North Lake Shore Drive

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage, Space/s
  • Parking Details: Unassigned, Driveway
  • Parking On Site: true
  • Parking Ownership: Owned
Taxes and HOA Information
  • Association Fee Frequency: Not Applicable
Property Information
Interior Features
  • Interior Property Features: Vaulted/Cathedral Ceilings, Elevator, Hardwood Floors, First Floor Bedroom, In-Law Arrangement
  • Num Of Rooms: 15
  • Bedrooms (Below Grade): 0
  • Community Features: Park, Lake, Curbs, Sidewalks, Street Lights, Street Paved
  • Bath Amenities: No Tub
  • Fireplace Features: Gas Starter
  • Basement Type: Partial
  • Bedrooms Possible: 10
  • Air Conditioning: Window/Wall Units - 3+
  • Electric: Circuit Breakers, Fuses
  • Basement Description: Crawl
  • Dining Room: Separate
  • Basement Bathrooms: No
  • Fireplace Location: Family Room,Living Room,Master Bedroom,Other
  • Room Type: Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 8, Bedroom 9, Bedroom 10, Foyer, Sitting Room, Storage, Other Room
  • Num of Baths: 5.2
Exterior Features
  • Type: 4+ Stories,Coach House
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
  • Appliances: Range, Refrigerator
Property/Lot Information
  • Exterior Property Features: Breezeway
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Type Detached: 4+ Stories, Coach House
  • Total Sq Ft: 0
  • Aprox Total Finished Sq Ft: 0
  • Total Finished and Unfin Sq Ft: 0
  • Lot Description: Irregular, Lake Front, Landscaped Professionally, Water View
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 50 X 170
  • Waterfront: Yes
  • Disability Access and/or Equipped: No
  • Driveway: Concrete
  • Exterior Building Type: Brick, Concrete, Limestone
  • Roof Type: Tile
  • General Information: Commuter Bus,Interstate Access,Historical District
  • North Coordinate: 1516
  • South Coordinate: 0
  • East Coordinate: 33
  • West Coordinate: 0
  • Living Area Source: Estimated
Property and Assessments
  • Buyer Financing: Other
  • Public Document Count: 0
  • Green Supporting Documents: N
  • Photos Count: 17
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
  • Virtual Tour Date: 06-10-2021
Room Information
Master Bedroom Information
  • Master Bedroom Level: Third
  • Room Type: Master Bedroom
  • Master Bedroom Bath: Half
  • Master Bedroom Dimensions: 31X14
Bedroom #2 Information
  • 2nd Bedroom Level: Third
  • Room Type: Bedroom 2
  • Bedroom #2 Room Dimensions: 31X14
Bedroom #3 Information
  • 3rd Bedroom Level: Third
  • Room Type: Bedroom 3
  • Bedroom #3 Room Dimensions: 19X16
Bedroom #4 Information
  • 4th Bedroom Level: Third
  • Room Type: Bedroom 4
  • Bedroom #4 Room Dimensions: 19X16
Bedroom #5 Information
  • 5th Bedroom Level: Third
  • Room Type: Bedroom 5
  • Bedroom #5 Room Dimensions: 16X14
Bedroom #6 Information
  • 6th Bedroom Level: Third
  • Room Type: Bedroom 6
  • Bedroom #6 Room Dimensions: 16X15
Bedroom #7 Information
  • 7th Bedroom Level: Third
  • Room Type: Bedroom 7
  • Bedroom #7 Room Dimensions: 15X11
Bedroom #8 Information
  • 8th Bedroom Level: Fourth
  • Room Type: Bedroom 8
  • Bedroom #8 Room Dimensions: 19X15
Bedroom #9 Information
  • 9th Bedroom Level: Fourth
  • Room Type: Bedroom 9
  • Bedroom #9 Room Dimensions: 15X13
Bedroom #10 Information
  • 10th Bedroom Level: Fourth
  • Room Type: Bedroom 10
  • Bedroom #10 Room Dimensions: 16X11
Dining Room Information
  • Dining Room Level: Second
  • RoomType_DR: Dining Room
  • Dining Room Flooring: Hardwood
  • Dining Room Dimensions: 24X22
Family Room Information
  • Family Room Level: Second
  • RoomType_FR: Family Room
  • Family Room Flooring: Hardwood
  • Family Room Dimensions: 30X22
Kitchen Information
  • Kitchen Level: Second
  • RoomType_KT: Kitchen
  • Kitchen Type: Eating Area-Table Space,Galley,Pantry-Butler,Pantry-Closet
  • Kitchen Dimensions: 14X11
Living Room Information
  • Living Room Level: Second
  • Room Type: Living Room
  • Living Room Flooring: Hardwood
  • Living Room Dimensions: 34X21
Additional Room #1 Information
  • Addtl Room 1 Flooring: Marble
  • Addtl Room 1 Window Treatments: None
Additional Room #2 Information
  • Addtl Room 2 Flooring: Hardwood
  • Addtl Room 2 Window Treatments: None
Storage Room 1 Information
  • Room Level: Main
  • Room Type: Storage
  • Deck Dimensions: 31X31
Foyer Information
  • Room Level: Main
  • Room Type: Foyer
  • Deck Dimensions: 22X12
Other Room Information
  • Room Level: Second
  • Room Type: Other Room
  • Deck Dimensions: 30X22
Sitting Room Information
  • Room Level: Main
  • Room Type: Sitting Room
  • Deck Dimensions: 32X22

Property History for 1516 North Lake Shore Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1516 North Lake Shore Drive

Taxable ValueLand$207,900Additions$184,500Total$392,400
Tax Record2022$80,710 ($6,726 / month)
Home Facts
Beds0Lot Size8,299 SqFtStyleSingle Family ResidenceCountyCOOKAPN17-03-101-021

Schools near 1516 North Lake Shore Drive

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - K to 8
Public - K to 8
Rating
School
Distance
Ogden Elementary School
PublicPK to 8

Lincoln Park High School
Public9 to 12

Franklin Elementary Fine Arts Center
PublicK to 8

Lasalle Elementary Language Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Berkshire Hathaway HomeServices Chicago

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.