3550 N Lake Shore Drive # 521 Chicago, IL $ 229,000
3550 N Lake Shore Drive # 521
$ 229,000
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3550 N Lake Shore Drive # 521

Chicago, IL, 60657
$ 229,000
Bedrooms1 Baths1.0 Sq 834

Monthly Estimate*

$ 1,410

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Condo for sale in Chicago, IL

for $229,000 with 1 bedroom and 1 full bath. This 834 square foot condo was built in 1962.

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.

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Condo Contingent

Price

$ 229,000

Bedrooms

1

Full Bath

1

Property Type

Condo

Taxes

$ 4,014

Style

Condo,High Rise (7+ Stories)

Year Built

1962

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12611624

Features
General
Living Area 834
Sewer Public Sewer
Heating Electric Baseboard
Cooling Wall Unit(s)
Possession Closing
Roof Rubber
Appliances Dishwasher Refrigerator Stainless Steel Appliance(s) Oven Electric Cooktop
HOA Fee 629
Garage Spaces 1
Association Fee Includes Heat Water Doorman TV/Cable Exercise Facilities Exterior Maintenance
Construction Materials Brick Concrete
Pets Allowed Cats OK
Year Built 1962
Electric Circuit Breakers
Township Lake View
Unit Number 521
Tax Year 2024
Ownership Condo
Community Features Park
Assoc Fee Paid Per Monthly
County Cook
New Construction N
Property Type Residential Attached Single
Association Amenities 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)
Contingency Attorney/Inspection
Total Rooms 4
Full Baths 1
Status Contingent
Directions SOUTH CORNER LSD AND ADDISON
High School Lake View High School
City Chicago
High School District 299
MLS Area CHI - Lake View
Elementary School Nettelhorst Elementary School
Tax Annual Amount 4014.32
Middle/Junior High School Nettelhorst Elementary School
Additional Parcels Y/N N
Virtual Tour https://real.vision/3550-north-lake-shore-drive-521/tour?o=u
Standard Status Active Under Contract
Middle/Junior School District 299
Elementary School District 299
Sub Type Condo High Rise (7+ Stories)
Leasehold Rent $/Mo 165
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Interior
Interior Amenities Elevator
Basement None
Total Fireplaces 0
Total Stories 28
Half Baths 0
Total Bedrooms 1
Room Type Walk In Closet
Total Baths 1
Bedrooms Possible 1
Total Number of Units 728
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Exterior
Parking Features Shared Driveway Garage Door Opener Heated Garage Yes Leased Attached Garage
Lot Features Common Grounds Landscaped
Water Source Lake Michigan
Total Parking 1
Foundation Details Concrete Perimeter Reinforced Caisson
Lot Dimensions COMMON
Waterfront Y/N N
Other Equipment TV-Cable Fire Sprinklers CO Detectors
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* Excluded Features
List By
Corcoran Urban Real Estate

Broker

stefanie.krause@corcoranurban.com

Email

Affordability Calculator

$1,744
Per Month
81%
19%
0%
Monthly Principal & Interest
$1,410
Monthly Property Taxes
$335
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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.
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Nearby
568142 Elementary School
568142 Middle School
Lake View High School High School
Pricing History
DatePricePrice ChangeDescription
4/20/2026$229,000 Listed Price

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3550 N Lake Shore Drive # 521, Chicago, IL, 60657 is a Condo for sale at $229,000 with 834 sqft. 3550 N Lake Shore Drive # 521 has 1 bedrooms, 1.0 baths, and was built in 1962. The property's zip code is 60657 which is in Chicago, IL