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Looking for a 1-Bedroom with 1.5 Baths? 530 N. Lake Shore Drive in Streeterville

This 1-bedroom in 530 N. Lake Shore Drive in Streeterville came on the market in June 2019.

530 N. Lake Shore Drive was built during the housing boom years, in 2004. It has 180 units, a parking garage, a doorman, and common amenities like a shared deck, clubhouse and exercise room.

The listing says this unit has north and east views. It looks like it has some views of the lake from the balcony.

There are hardwoods in the main living area.

The bedroom has a walk-in closet.

The kitchen has the finishes that were common in the housing boom years, including cherry cabinets, black granite counter tops and stainless steel appliances.

This unit has central air, washer/dryer in the unit and 2-car tandem parking is available for $55,000 extra.

Originally listed in June 2019 for $430,000 it has been reduced to $419,900.

The condo last sold in July 2005 for $412,500.

Are 1-bedroom condos among the most difficult property type to sell in this market?

Gail Spreen at Jameson Sotheby’s has the listing. See the pictures here.

Unit #2002: 1 bedroom, 1.5 baths, 1028 square feet

  • Sold in January 2014 for $368,000 (no parking included)
  • Sold in July 2005 for $412,500 (no parking included)
  • Originally listed in June 2019 for $430,000
  • Reduced
  • Currently listed for $419,900 (2-car tandem parking is $55,000 extra)
  • Assessments of $642 a month (includes heat, a/c, gas, doorman, cable, Internet)
  • Taxes of $8597
  • Central Air
  • Washer/dryer in the unit
  • Balcony
  • Bedroom: 15×13
  • Living room: 20×14
  • Kitchen: 11×9

This entry was posted on Wednesday, February 5th, 2020 at 5:05 am and is filed under Condos, Streeterville. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

8 Responses to “Looking for a 1-Bedroom with 1.5 Baths? 530 N. Lake Shore Drive in Streeterville”

  1. I personally wouldn’t spend over 3k a month for a 1k sq ft 1 bedroom in Streeterville (snoozefest). Someone who works nearby might find this appealing.

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  2. This condo looks like a 2/2 in a Lakeview 4-flat (circa 2003-06), minus the second bedroom.

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  3. It’s just soooo blah. Why is everything beige?

    470k with parking. I think for 500k there are better options to be had for a 1 bedroom. I imagine you can only really market this towards a few demographics, and most successfully towards a boomer couple looking for an in town residence?

    Most millennials are renting in the lux buildings these days, and those of us ‘older’ millennials and gen-x’rs need more space than this.

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  4. 500 lake shore is better in every possible way. What’s the rent v buy comparison between these two buildings? I bet renting is a better choice unless you just have to own.

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  5. Probably save around 1600 a month on own versus rent.

    so then do the math on what 400k is worth to u versus savings. As all cash you’d basically get a 4% return on your cash hypothetically. Internalize property tax hike risks and also profit or lose based on appreciation.

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  6. re parking–looked at the condo dec, and it is a limited common element–assignable only to another unit owner, or back to the association.

    So, unless they’ve identified another current owner who would like to pay for the spot(s), the parking would have to go with the unit.

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  7. Blah, I agree. I’d rather pay less for .a location up in Lincoln Park that has more style and excitement. I don’t even think this location is particularly good. It’s kind of isolated from a lot of the city.

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  8. loser unit that looks like everything else built in the same era

    677$ HOA is outrageous

    balcony looks okay

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