Drake Tower 179 E Lake Shore Dr Unit 603W Chicago, IL 60611
Gold Coast NeighborhoodEstimated payment $7,470/month
Total Views
1,781
2
Beds
2
Baths
1,435
Sq Ft
$470
Price per Sq Ft
Highlights
- Doorman
- Fitness Center
- Wood Flooring
- Lake Front
- Property is near a park
- 2-minute walk to Lakefront Park
About This Home
Absolutely stunning, newer renovation in East Lake Shore Drive Benjamin Marshall Co-op building. Drake Tower is Chicago's coveted pre-war building with magnificent views and one of the most prestigious locations in the city. This freshly appointed 2 bedroom/2 bathroom home is unmatched in its attention to detail with spacious rooms, generous closets, new SpacePak air, radiant heat, and new plumbing. Wolf, Miele, and Subzero appliances decorate the kitchen with style and functionality. Indoor access to Drake Hotel and attached parking for 200 per month (multiple vehicles allowed). This sophisticated unit was reinvented by thoughtful and polished owners to perfection! The building gym features Pilates Reformer. Building features wine locker. Large storage room will be allocated. 'White glove service' and true security is, without question, truly the way of life at 179 E Lake Shore Drive. REAL ESTATE TAXES ARE PAID IN MONTHLY ASSESSMENTS AS APPROX 50% OF TOTAL MONTHLY BILL! Brand new A/C compressor in 12/23.Seller will pay 50% of the 3% transfer fee to corporation for buyer.
Property Details
Home Type
- Co-Op
Est. Annual Taxes
- $1,561,182
Year Built
- Built in 1927
HOA Fees
- $3,035 Monthly HOA Fees
Parking
- 3 Car Attached Garage
- Leased Parking
Home Design
- Brick or Stone Mason
Interior Spaces
- 1,435 Sq Ft Home
- Built-In Features
- Dry Bar
- Family Room
- Combination Dining and Living Room
- Gallery
- Wood Flooring
Kitchen
- Range
- High End Refrigerator
- Dishwasher
- Wine Refrigerator
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- Main Floor Bedroom
- Walk-In Closet
- Bathroom on Main Level
- 2 Full Bathrooms
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Schools
- Ogden International Elementary School
- Wells Community Academy Senior H High School
Utilities
- Central Air
- SpacePak Central Air
- Radiator
- Heating System Uses Steam
- Lake Michigan Water
- Cable TV Available
Additional Features
- Patio
- Lake Front
- Property is near a park
Community Details
Overview
- Association fees include heat, water, parking, taxes, insurance, doorman, tv/cable, exercise facilities, exterior maintenance, scavenger, snow removal
- 68 Units
- Susan Giancarlo Association, Phone Number (312) 944-4041
- Property managed by Drake Tower Apartments
- 24-Story Property
Amenities
- Doorman
- Sundeck
- Elevator
- Service Elevator
- Community Storage Space
Recreation
Pet Policy
- Pets up to 120 lbs
- Limit on the number of pets
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Map
About Drake Tower
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,561,182 | $7,270,265 | $975,398 | $6,294,867 |
| 2023 | $1,561,182 | $7,590,261 | $1,300,530 | $6,289,731 |
| 2022 | $1,561,182 | $7,590,261 | $1,300,530 | $6,289,731 |
| 2021 | $1,586,386 | $7,888,902 | $1,300,530 | $6,588,372 |
| 2020 | $1,901,817 | $8,655,671 | $1,300,530 | $7,355,141 |
| 2019 | $1,730,626 | $8,655,671 | $1,300,530 | $7,355,141 |
| 2018 | $1,687,664 | $8,655,671 | $1,300,530 | $7,355,141 |
| 2017 | $1,590,402 | $7,522,286 | $894,113 | $6,628,173 |
| 2016 | $1,490,195 | $7,522,286 | $894,113 | $6,628,173 |
| 2015 | $1,368,265 | $7,522,286 | $894,113 | $6,628,173 |
| 2014 | $1,355,604 | $7,358,797 | $812,830 | $6,545,967 |
| 2013 | $1,338,379 | $7,358,797 | $812,830 | $6,545,967 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/13/2025 03/13/25 | For Sale | $675,000 | +21.6% | $470 / Sq Ft |
| 09/05/2018 09/05/18 | Sold | $555,000 | -7.3% | $387 / Sq Ft |
| 07/12/2018 07/12/18 | Pending | -- | -- | -- |
| 06/07/2018 06/07/18 | For Sale | $599,000 | -- | $417 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $353,000 | Unknown | |
| Closed | $375,000 | Commercial |
Source: Public Records
Similar Homes in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12311938
APN: 17-03-208-002-0000
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