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Lake Point Tower

Lake Point Tower

Lake Point Tower
Condominium Building
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

505 N Lake Shore Dr
Chicago, IL 60611
752 Units
70 Stories
1968 Year Built
$41K - $2.0M Value Range

Available Units

For Sale
For Rent

Highlights

  • Doorman
  • Lake Front
  • Boat Dock
  • Beach Access
  • Steam Room
  • 2 min walk to Addams (Jane) Memorial Park

Iconic Modern Architecture with Unmatched Views

Lake Point Tower, designed by Lake Point Tower Renaissance Plaza, LLC, stands as a prominent fixture in the Streeterville neighborhood of Chicago. Completed in 1968, this 70-story building houses 752 condominium units. Its cylindrical design and reflective glass facade are hallmarks of modern architectural style, offering residents panoramic views of Lake Michigan, the Chicago River, and the city skyline. As the only residential building east of Lake Shore Drive, Lake Point Tower provides a unique vantage point for its residents.

Diverse Layouts with Luxurious Features

Lake Point Tower offers a variety of floor plans to suit different needs, ranging from studios to six-bedroom units. Studio units, approximately 705 to 734 square feet, are priced around $330,000 and feature one bathroom. One-bedroom units vary from 700 to 1,806 square feet, with prices between $292,500 and $535,000, offering up to two bathrooms. Two-bedroom units, spanning 1,000 to 3,200 square feet, are available from $390,000 to $1,190,000, with up to three and a half bathrooms. Three-bedroom units range from 1,778 to 4,700 square feet, priced between $535,000 and $1,399,999, and include up to four bathrooms. Four-bedroom units, sized between 2,400 and 4,700 square feet, are priced around $930,000 and feature up to four and a half bathrooms. Five-bedroom units, ranging from 3,600 to 6,000 square feet, include up to five and a half bathrooms. Six-bedroom units, approximately 3,600 square feet, offer 3 full and 2 half to 4 and a half bathrooms. Each unit is designed to maximize the stunning views, with floor-to-ceiling windows that showcase the lake, city, and beyond. High-end finishes are standard, including hardwood floors, custom cabinetry, and quartz countertops. Many units feature gourmet kitchens with top-of-the-line appliances, such as Sub-Zero refrigerators, Wolf induction ovens, and Miele coffee bars. Bathrooms often include luxurious touches like dual vanities, spa showers, and heated floors. Some units also offer unique features like motorized window shades, custom storage solutions, and expansive walk-in closets. Monthly HOA fees range from $100 to $2,400, covering water, insurance, security, doorman services, TV/cable, exercise facilities, pool maintenance, exterior upkeep, lawn care, scavenger services, snow removal, and internet.

Exceptional Amenities and Comprehensive Services

Lake Point Tower boasts an impressive array of amenities designed to enhance the living experience. The building features a 2.5-acre private park complete with a lagoon, waterfalls, and manicured gardens, providing a serene escape in the heart of the city. Residents can enjoy both indoor and outdoor pools, a health club, and a racquetball/basketball/pickleball/squash court. The building also includes a dance studio, library, and a private theater for entertainment. For pet owners, the building offers an indoor dog run, doggy daycare facilities with overnight boarding, and an indoor pet care area. The Cite restaurant on the 70th floor provides dining with breathtaking views. Additional amenities include a climate-controlled wine room, a grotto with a babbling brook, and a sky lounge. Business services are comprehensive, with 24-hour door staff, concierge services, valet parking, and multiple in-house engineers. Residents have access to a business center, conference rooms, and event spaces. On-site conveniences include a mini-market, dry cleaners, laundry facilities, a beauty salon, and a dentist. The building also features storage lockers, a bike room, and a management office to address residents' needs.

Vibrant Streeterville Living

Located in the bustling Streeterville neighborhood, Lake Point Tower offers residents the best of downtown Chicago living. The area is known for its towering skyscrapers and scenic lakeside parks, providing a dynamic urban environment. Streeterville is home to iconic landmarks such as Navy Pier, the John Hancock Building, and the Museum of Contemporary Art. The neighborhood also hosts the hospital campus for Northwestern University and satellite buildings for Loyola University Chicago, contributing to a diverse community. Residents are within walking distance of numerous shops and amenities. Water Tower Place offers extensive shopping options, while grocery stores like Whole Foods Market, Target, and Walgreens cater to daily needs. Dining options are plentiful, with popular restaurants such as Offshore Rooftop, Labriola, and Yolk nearby. For entertainment, the area features movie theaters, arcades, and live music venues like Winter's Jazz Club. Streeterville also boasts a wealth of green spaces and parks. Lake Shore Park provides a multiuse sports field, playground, walking track, and tennis courts. Milton Lee Olive Park offers serene lakeside paths and picnic spots, while Ohio Street Beach is a favorite for sunbathing and swimming. The neighborhood's proximity to Lake Michigan and the Chicago River adds to its appeal, offering residents easy access to waterfront activities and scenic views.

Convenient and Accessible Transportation

Lake Point Tower is well-connected to various transportation options, making it easy for residents to navigate the city. The building is located near several bus stops, including Grand & Streeter, Navy Pier Terminal, and Grand & Mcclurg, which serve multiple transit lines such as Chicago, Grand, Hyde Park Express, and State. The Grand Avenue Station (Red Line) is about a 15-minute walk away, providing access to the "L" train system. Additionally, the Chicago Millennium Station, serving the South Shore Line and Metra Electric Line, is approximately a 20-minute walk from the building. For those who prefer to drive, the building offers valet parking and is conveniently located near major roads and highways. Chicago Midway International Airport is about a 20-minute drive, while Chicago O'Hare International Airport is approximately 30 minutes away. The neighborhood's excellent walkability, bikeability, and transit options ensure that residents have multiple ways to get around, whether by foot, bike, or public transportation.

Available Condos

Building Details

Recreation

  • Boat Dock
  • Outdoor Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool
  • In Ground Pool
  • Spa
  • Community Indoor Pool
  • Indoor Pool
  • Community Spa
  • Park
  • Trails
  • Bike Trail

Outdoor Features

  • Beach Access
  • Lake Front
  • River Front
  • Sundeck
  • Picnic Area
  • Common Area

Amenities

  • Water Views
  • Doorman
  • Restaurant
  • Steam Room
  • Sauna
  • Clubhouse
  • Business Center
  • Party Room
  • Lounge
  • Coin Laundry
  • Package Room
  • Convenience Store
  • Community Storage Space
  • Security Service
  • Resident Manager or Management On Site
  • Controlled Access

Parking

  • 1 - 3 Garage Spaces Per Unit
  • 1 Car Attached Garage
  • On-Site Parking
  • Deeded Parking
  • Valet Parking

Pet Policy

  • Pets up to 55 lbs
  • Limit on the number of pets
  • Pet Size Limit
  • Pet Deposit Required
  • Dogs and Cats Allowed

Condo Association

  • $764 Monthly HOA Fees
  • Monthly HOA Fees Range from $480 - $2,742
  • Association fees include water, insurance, security, doorman, clubhouse, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal
  • Seth Winnie Association, Phone Number (312) 467-0505
  • Lake Point Tower Subdivision
  • Property managed by First Service Residential

Building Design

  • Elevator
  • Fire Sprinkler System
  • Green Roof
  • High-Rise Condominium
  • Lobby

Unit Features

  • Open Floorplan
  • Laundry Room
  • Washer and Dryer Hookup

Unit Information

Beds
1 Bed
1 Bed
1 Bed
1 Bed
1 Bed
1 Bed
2 Beds
2 Beds
2 Beds
1 Bed
Baths
1 Bath
1 Bath
1 Bath
1 Bath
1 Bath
1 Bath
2 Baths
2 Baths
2 Baths
1 Bath
Sq Ft
1,100
1,100
1,100
1,100
1,100
706
1,450
1,450
1,450
1,100
Price
$380,000
$490,000
$485,000
$414,000
$480,000
$425,000
$585,000
$665,000
$699,000
$495,000
Price / Sq Ft
$345 / Sq Ft
$445 / Sq Ft
$441 / Sq Ft
$376 / Sq Ft
$436 / Sq Ft
$602 / Sq Ft
$403 / Sq Ft
$459 / Sq Ft
$482 / Sq Ft
$450 / Sq Ft
List Date
04/23/2025
03/16/2025
04/03/2025
03/22/2025
02/19/2025
04/12/2025
04/17/2025
04/19/2025
03/12/2025
04/24/2025

Unit Size and Value Ranges

Studio Units
Sq Ft Range
705 - 3,650
Est. Values
$41,000 - $1,545,630
1 Bedroom Units
Sq Ft Range
706 - 1,806
Est. Values
$268,843 - $799,141
2 Bedroom Units
Sq Ft Range
1,100 - 3,200
Est. Values
$69,432 - $1,237,577
3 Bedroom Units
Sq Ft Range
1,800 - 4,700
Est. Values
$72,019 - $1,986,712
4 Bedroom Units
Sq Ft Range
2,400 - 4,700
Est. Values
$69,932 - $1,639,999
5 Bedroom Units
Sq Ft Range
706 - 6,000
Est. Values
$77,621 - $1,859,235
6 Bedroom Units
Sq Ft Range
3,600
Est. Values
$908,693 - $1,074,524
All Units
Sq Ft Range
705 - 6,000
Est. Values
$41,000 - $1,986,712

Map

Area Factors

Moderate Crime

Crime Score®

6 / 10

Very Bikeable

Bike Score®

82 / 100

Very Walkable

Walk Score®

85 / 100

Excellent Transit

Transit Score®

81 / 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.

Environmental Factors

Active

Sound Score®

68 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

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

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.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$678 - $503K
Range of Taxes in Building
$205 - $57,287
Range of Taxes per Sq Ft
$0.21 - $35.76

Property Tax History

Source: Public Records

Similar Condominium Buildings

Building Website

Building Team

Architect
Lake Point Tower Renaissance Plaza , Llc
Property Management
Lake Point Tower Management
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.