Drake Tower, a distinguished 32-story condominium, stands proudly on East Lake Shore Drive in Chicago's prestigious Gold Coast neighborhood. Designed by the renowned architect Benjamin Marshall, this building was completed in 1932 and houses 66 units. Known for its timeless charm and prime location, Drake Tower offers residents a blend of historical significance and modern convenience, making it a sought-after address in the city.
Luxurious Living Spaces with Stunning Views
Drake Tower offers a variety of floor plans ranging from 1 to 5-bedroom layouts. The one-bedroom units, spanning 929 to 1,300 square feet, feature 1 to 2 bathrooms and are priced between $242,000 and $450,000. These units are characterized by elegant hardwood floors, high ceilings, and large windows that flood the space with natural light. Two-bedroom residences range from 1,422 to 3,560 square feet, offering 2 to 3.5 bathrooms, with prices from $100,000 to $780,000. These units often include spacious living areas, custom cabinetry, and breathtaking views of Lake Michigan. The three-bedroom options, around 2,681 to 4,965 square feet, are priced at approximately $1,160,000 and boast luxurious features such as marble fireplaces, expansive living rooms, and gourmet kitchens. Four-bedroom units, sized between 3,100 and 4,000 square feet, offer ample space and privacy. Five-bedroom units, approximately 3,600 square feet, are priced around $1,250,000. Monthly HOA fees range from $2,500 to $5,900, covering essentials like heat, water, taxes, and security, ensuring a comfortable and hassle-free living experience.
Exclusive Amenities and Premier Services
Drake Tower provides residents with a range of exceptional amenities, including a unique car turntable and direct access to the iconic Drake Hotel. The building features a state-of-the-art exercise room, a beautifully planted terrace, and a temperature-controlled wine cellar. Residents enjoy the convenience of a private storage room, an attached garage with guest parking, and 24-hour door staff. The presence of an elevator operator, on-site property manager, and live-in engineer ensures seamless service and maintenance. The restored lobby and private courtyard add to the building's charm, while the business center and fitness center cater to modern needs. Drake Tower is pet-friendly, with no weight limit for dogs, making it a welcoming home for all.
Gold Coast: A Blend of Luxury and Culture
Situated in Chicago's elite Gold Coast neighborhood, Drake Tower offers residents access to a vibrant community rich in history and culture. Just steps away from Lake Michigan and Oak Street Beach, the area is perfect for outdoor enthusiasts. The neighborhood is home to upscale boutiques like Mary Walter Boutique and Teranz Boutique, offering designer womenswear and accessories. For dining, RL Restaurant provides an upscale American dining experience, while The Capital Grille offers a refined steakhouse setting. The 900 North Michigan Shops and Water Tower Place are nearby, providing a plethora of luxury shopping options. The Gold Coast is also known for its cultural attractions, including the Porchlight Music Theater and various festivals in The Loop, ensuring a lively and engaging lifestyle.
Convenient Urban Connectivity
Drake Tower's location offers excellent transportation options, making it easy to navigate the city. The Chicago Avenue Station on the Red Line is about a 10-minute walk away, providing quick access to downtown. The Brown and Purple Lines are accessible from the Chicago Avenue Station, a short drive or 20-minute walk from the building. For air travel, Chicago Midway International Airport is approximately 20 minutes away by car, while Chicago O'Hare International Airport is about 25 minutes away. The neighborhood's high walkability and bikeability scores make it convenient for residents to explore the area on foot or by bike, enhancing the urban living experience.
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Quantarium
Current List Price
Sold Price
Area Factors
Low Crime
Crime Score®
3/ 10
Very Bikeable
Bike Score®
81/ 100
Walker's Paradise
Walk Score®
98/ 100
Excellent Transit
Transit Score®
87/ 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score
WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.
Parks in this Area
Lakefront Park
2 min walk
Lake
Multi-Purpose Field
Jane Byrne Plaza
4 min walk
Seneca Park
4 min walk
Picnic Area
Playground
Multi-Purpose Field
Oak Street Beach
5 min walk
Bike Trails
Trails
Volleyball
Connors Park
6 min walk
Concessions
Multi-Purpose Field
Mariano (Louis) Park
7 min walk
Lake Shore Park
7 min walk
Tennis
Playground
Multi-Purpose Field
Washington Square Park
9 min walk
Botanical Gardens
Multi-Purpose Field
Goudy (William) Square Park
10 min walk
Playground
Schools
Source:
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.
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