179 E LAKE SHORE Drive # 202
Chicago, IL, 60611 $ 499,000
Bedrooms2 Baths2.0 Sq 1,724 Monthly Estimate*
$ 3,113
for $499,000 with 2 bedrooms and 2 full baths. This 1,724 square foot condo was built in 1928.
The Drake Tower stands as one of Chicago's most iconic addresses, where timeless elegance meets modern sophistication. Tucked within this landmark building, Unit 202 offers a rare opportunity: the only residence on its own floor, located on the mezzanine level. Arrive in style by taking the elevator with the building's friendly attendant, or ascend the grand staircase to the mezzanine where this remarkable home resides. Just down the hallway, residents enjoy coveted direct interior access to the legendary Drake Hotel. For added convenience, a large private storage locker-assigned exclusively to this unit-is located directly across the hall. This beautifully appointed 2-bedroom, 2-bathroom residence balances architectural character with thoughtful design and breathtaking views of both the lake and city. The expansive living room sets the tone with a stately fireplace and custom built-ins that transition seamlessly into the formal dining room. Sunlight streams through oversized windows, accentuating the refined millwork, curated lighting, and graceful proportions of the home. The dining area, framed by a dramatic chandelier and elegant wall paneling, is perfectly suited for intimate dinners or grand entertaining. The chef's kitchen is equally impressive, outfitted with top-of-the-line stainless steel appliances, custom cabinetry, and striking marble finishes that elevate both form and function. The primary suite serves as a private retreat, complete with an en-suite bath and ample closet space, while the second bedroom also enjoys a full bath, ideal for guests or a home office. Throughout the home, hardwood flooring enhances the main living areas, while marble flooring graces the entryway and kitchen, adding to the sense of luxury. Every detail has been thoughtfully curated to combine daily comfort with classic refinement. Residents of The Drake Tower enjoy premier amenities including a fitness center, wine lockers, 24-hour door staff, and a beautifully appointed roof deck. Perfectly positioned along the lakefront and steps from Michigan Avenue, Oak Street, and Chicago's finest dining, shopping, and entertainment, this residence offers not only a home, but a lifestyle of unmatched distinction.
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FeaturesGeneralLiving Area 1724
Sewer Other
Heating Radiator(s)
Cooling None
Possession Closing
HOA Fee 3791
Garage Spaces 2
Association Fee Includes Heat Water Taxes Insurance Security Doorman TV/Cable Exercise Facilities Lawn Care Scavenger Snow Removal
Construction Materials Brick Stone
Pets Allowed Cats OK Dogs OK Number Limit
Year Built 1928
Township North Chicago
Unit Number 202
Tax Year 2023
Ownership Co-op
Assoc Fee Paid Per Monthly
County Cook
New Construction N
Property Type Residential Attached Single
Association Amenities Bike Room/Bike Trails Door Person Elevator(s) Exercise Room Storage On Site Manager/Engineer Receiving Room Service Elevator(s) Business Center
Contingency Attorney/Inspection
Subdivision Name Drake Tower
Total Rooms 5
Full Baths 2
Status Contingent
Directions East of Drake Hotel on East Lake Shore Drive across from Lake Michigan.
City Chicago
High School District 299
MLS Area CHI - Near North Side
Additional Parcels Y/N N
Standard Status Active Under Contract
Middle/Junior School District 299
Elementary School District 299
Sub Type Vintage
Leasehold Rent $/Mo 200
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InteriorInterior Amenities 1st Floor Bedroom Storage High Ceilings Doorman Lobby Separate Dining Room
Basement None
Flooring Carpet
Total Stories 30
Half Baths 0
Laundry Features Sink
Total Bedrooms 2
Room Type Foyer
Total Baths 2
Bedrooms Possible 2
Total Number of Units 58
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ExteriorParking Features Heated Garage On Site Leased Attached Garage
Water Source Lake Michigan
Total Parking 2
Lot Dimensions COMMON
Waterfront Y/N Y
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* Excluded FeaturesList ByColdwell Banker RealtyBroker
bari@dawnmckennagroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,113
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCondo listings in Chicago, IL
Average List Price $614,270
Percent of Sale Price 23%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/7/2025 | $499,000 | | Listed Price |