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Madeline Peterson

madeline.peterson@engelvoelkers.com +1(313) 600-4360

$ 229,000

Est. payment -/mo

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Active Under Contract

3550 N Lake Shore DR #521 Chicago, IL 60657

1 Bed

1 Bath

834 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Condo

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 834 sqft

Price per Sqft $274

MLS Listing ID 12611624

Bedrooms 1

Full Baths 1

HOA Fees $629/mo

Rental Info Yes

Year Built 1962

Annual Tax Amount $4,014

Tax Year 2024

Lot Dimensions COMMON

Property Sub-Type Condo

Property Description

Ready to stop paying your landlord's mortgage and invest in the future? Come live your best life in vibrant Lakeview, just a short distance from the lake, dining, and endless neighborhood amenities! This spacious 1 bed 1 bath offers incredible potential for both first-time buyers and investors, featuring an oversized layout with two walk-in closets, abundant storage, partial lake views, separate area to put a dining room table, or create a den/office nook in that area, vinyl flooring in the main living areas, and well-maintained carpet in the bedroom. Kitchen has a suite of appliances (including a dishwasher!) making it a perfect canvas for your renovation ideas. Cabinetry has been updated and installed for maximum storage potential. Newly installed motion censored lighting in the closets won't have you worrying if you turned off the lights in your home. Don't be fooled by the lower floor, there is abundant sunshine pouring through the windows during the day. With strong future rental upside after the 18-month owner-occupancy requirement, this is a rare opportunity to create value in one of Chicago's most desirable neighborhoods. Building amenities include 24-hour security staff, rooftop deck, gym, laundry facilities, and an attached convenience store for those cold Chicago days. Valet parking available through the building, in-unit laundry is not allowed per the HOA.

Location

State IL

County Cook

Area Chi - Lake View

Rooms

Basement None

Interior

Interior Features Elevator

Heating Electric, Baseboard

Cooling Wall Unit(s)

Equipment TV-Cable, Fire Sprinklers, CO Detectors

Fireplace N

Appliance Dishwasher, Refrigerator, Stainless Steel Appliance(s), Oven, Electric Cooktop

Exterior

Garage Spaces 1.0

Community Features Park

Amenities Available Bike Room/Bike Trails, Door Person, Coin Laundry, Commissary, Elevator(s), Exercise Room, Storage, On Site Manager/Engineer, Party Room, Sundeck, Receiving Room, Security Door Lock(s), Service Elevator(s)

View Water

Roof Type Rubber

Building

Lot Description Common Grounds, Landscaped

Dwelling Type Attached Single

Building Description Brick,Concrete, No

Story 28

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick,Concrete

New Construction false

Schools

Elementary Schools Nettelhorst Elementary School

Middle Schools Nettelhorst Elementary School

High Schools Lake View High School

School District 299 , 299, 299

Others

HOA Fee Include Heat,Water,Doorman,TV/Cable,Exercise Facilities,Exterior Maintenance

Ownership Condo

Special Listing Condition List Broker Must Accompany

Pets Allowed Cats OK

Listed by Stefanie Krause of Corcoran Urban Real Estate

NEARBY SCHOOLS & PROPERTIES

Madeline Peterson

Advisor

+1(313) 600-4360

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