This 2-bedroom on the 28th floor in Lake Point Tower at 505 N. Lake Shore Drive in Streeterville just came on the market.
Lake Point Tower was built in 1968 and has over 750 units.
Some of the units in the building are still in their original condition.
This property, however, has been completely transformed. It last sold in 2013 as a foreclosure but looks nothing like it did then.
It now has Rift Sawn oak floors throughout.
The kitchen has been remodeled with White Tundra granite countertops, a 13 foot kitchen island and luxury appliances including Thermador, Subzero, and a Bosch dishwasher.
There are some unique touches such as wine storage, remote blinds and a custom built-in entertainment center.
The master suite has a marble and granite bathroom.
The only room that looks intact from the 2013 sale is the guest bathroom with its white carrara marble. You can see the 2013 listing pictures here.
It’s a corner unit with views all directions, including the Lake and the city.
It has a washer/dryer in the unit, wall air conditioning and parking is available for lease in the building.
Lake Point Tower is a full service building with a doorman, pool and exercise facilities and even its own private park.
Will this sell within the week?
Jean Ward at @Properties has the listing. See the current pictures here.
Unit #2811: 2 bedrooms, 2 baths, 1430 square feet
- Sold in October 1995 for $316,000
- Sold in July 2007 for $642,000
- Bank owned in June 2012
- Sold in February 2013 for $500,000
- Currently listed for $795,000
- Assessments of $963 a month (includes water, doorman, cable, internet, exercise room, pool, exterior maintenance, lawn care, scavenger, and snow removal)
- Taxes of $10,110
- No central air- window units only
- Washer/Dryer in the unit
- Parking available for lease in the building
- Bedroom #1: 11×20
- Bedroom #2: 16×12