1240 N Lake Shore Drive

About the Building

If genuine urban living is what you seek, then what better way to experience the city than in this gorgeous high-rise in the heart of the glamorous Gold Coast neighborhood? This 32-floor high-rise condo building located at 1240 N Lake Shore Drive is just steps away from the beach, and it affords spectacular views of the Chicago skyline as well as stunning panoramas of Lake Michigan.

Situated in the Gold Coast neighborhood of Chicago, 1240 N. Lake Shore Drive is a sought-after residential development that offers quality construction, roomy units and the modern amenities and services you need to live in comfort and style in the big city. Built in 1976, this structure houses 58 individual units and includes fee/leased parking to accommodate residents with vehicles. The various floorplans mostly include 3 bedrooms with an average master bedroom size of 249 square feet and a second bedroom of 189 square feet. However, if you prefer a bit more space to sleep in, there are 360 square-foot bedrooms available in several units.

Some of the building's smaller living rooms provide 408 square feet in which to put that plush wrap-around couch and the new flat screen TV, but the average size is 464 square feet for the main room. Either way, you'll have enough room to kick back and watch your television shows on those quiet nights, or host great get-togethers for the occasional celebratory event or impromptu gathering. Just make sure no little four-legged friends sneak into the party because it would violate the building strict no-pets policy.

While the ability to host parties is often an essential factor in buying a home, there are other more logistical aspects of the property that you're probably interested in knowing. For example, what the price per square foot is for the units in the building and what the properties here are selling for these days. Well, lucky for you, we've got that info right here, too.

At 1240 N. Lake Shore Drive, the average price per square foot is $383, with the minimum listing price for the building at $649,900. While certain size units (meaning a two- versus a three-bedroom) sell better than others, a 3-bedroom place most recently sold for $963,000 just around 06/01/2007. On top of the pricing data, it's nice to know the market stats for the particular site as well. Once again, we've got that right here for you.

The maximum length of time a unit in this building stays on the market (which means the time between listing and closing) is 145 days. The minimum length of time it takes to sell real estate in this Gold Coast building is 67 days. Of the units that are currently listed, 3-bedroom residences are typically on the market for an average of 296 days.